Mwtops � Share Discussion Threads

[makingheaps] 07/1/2005 13:11

I'm a little surprised by the speed of the recent rise and in parrticular todays. It may be that we are up with events for now but on the other hand I wouldn't be surprised if there was a bid in the offing.

The Merril numbers above show why this remains a strong hold on fundamental grounds. Their target price for 2005 represents a 25% discount to NAV but this could narrow to 15% in 2006 when the REIT legislation finally arrives implying a share price rise of about £1 from todays levels in 12 months time.

A 25% gain plus dividend income should easily outstrip the index.

[broadwood] 07/1/2005 10:12

Dio - sorry didn't realise.
Share still rising though - up another 3p on top of early rise.

[diogenesj] 07/1/2005 09:46

Nice jump today, and still little interest here (apart from Broadwood posting on the wrong thread). :-)

[diogenesj] 07/1/2005 09:41

Wrong thread, B, but the answer is no. :-)

[broadwood] 07/1/2005 09:39

Breaking strongly upwards now - anyone found the reason for today's rise?

[diogenesj] 24/12/2004 16:04

Yes, a brilliant pick: well done, Dave the Horse. Just wish you had hung on until Christmas, because ACE has given me a very happy one.

[doubleorquits] 24/12/2004 15:39

Don't know about best poster of the year but certainly Best Post (or Spot) of the year for me should go to Dave The Horse who identified Accident Exchange on July 6th when they stood at 45p (now nearly sixfold increase in price). Thanks DTH although I didn't believe you straight away.

[mw8156] 23/12/2004 17:43

Cheapest access to tops is tpy?

[diogenesj] 22/12/2004 21:20

OK, the reason appears to be that Merrill Lynch have upgraded from neutral to Buy, based on upgraded net asset value estimates:

"22.12.04 :+13.5, (390) upgraded to 'buy' from 'neutral' on valuation by Merrill Lynch, dealers said. In a note to clients, the US broker argued that although Tops did not produce a full interim revaluation, two of its key centres, at Stafford & Liverpool, were revalued for financing purposes and showed strong uplifts of 17% and 11% respectively. Merrill noted that as a result, its NAV forecasts have been raised to 556 pence from 514 for 2005, to 602 from 557 pence for 2006 and to 636 pence from 588 for 2007. The broker said its target price is 415 pence, based on a 12 month discount to NAV." - from InvestorEase.

[cockneyrebel] 22/12/2004 15:18

Definitely Katie rather than Michael rivaldo - I've not gone all Julian Clarey just yet! :-)

CR

[cockneyrebel] 22/12/2004 15:15

Well I'd like to nominate Diogenes and DoubleorQuits too - I've gained a lot from their posts and both worthy of the title - sounding like the mutual appreciation society I know but there are givers and takers in this world and both are givers imo.

CR

[rivaldo] 22/12/2004 14:00

Thirded or fourthed - CR is generally right on the button and has a big, sensitive nose for an undervaluation (not so sure about the "generous" tag though - the whole point is to get the price to rise once you/he's bought in isn't it?).

CR, I take it you mean Katie rather than Michael?

[chester] 22/12/2004 13:51

My vote also goes to CR. Brilliant research and for being so generous in sharing that good work with us all.

[diogenesj] 22/12/2004 13:38

You're not going to qualify with that one, jim.

TP: you're too kind (blush), but I'm a long way down the list. DoQ is up there with CR, though, if less prolific.

[doubleorquits] 22/12/2004 12:28

Actually well deserved old chap. Just look at your own 100% thread and see how many post one line about a stock that's going to double. They call that research - well that is something you do so well I'm getting to do a lot less myself. So thirded or fourthed or whatever.

[teapreacher] 22/12/2004 12:27

CR by a long, long way....no doubt about it.

you're second DioJ :-)

[diogenesj] 22/12/2004 12:25

I'm afraid it's coffee with ydderF in Madison's, CR. It's the honour that counts though.

[cockneyrebel] 22/12/2004 12:24

That's very flattering - I'm not sure what to say really but thanks.

Hope the prize is a night with Jordan :-)

CR

[diogenesj] 22/12/2004 12:14

Lol, Z, quite right. I was looking for the Tops Estates thread, and chanced on this one. :-)

[zorija] 22/12/2004 11:57

Second that DJ - just to add his unfailing perseverence...
ZZZ

[diogenesj] 22/12/2004 11:45

Strange that this very successful company attracts so little attention here, even though the share price is up 50% this year.

It's up another 4.9% today at 395p, on what appears to be very low volume. I, er, came here to see if anyone had any clue about the reason for this big jump.