Northacre Dividends - NTA

Northacre Dividends - NTA

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Stock Name Stock Symbol Market Stock Type
Northacre NTA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 95.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
95.00 95.00
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Northacre NTA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
14/08/2014InterimGBX35.4328/02/201328/02/201420/08/201422/08/201405/09/201435.43
04/07/2013SpecialGBX4028/02/201228/02/201310/07/201312/07/201322/07/201340

Top Dividend Posts

Top Posts
Posted at 18/8/2014 15:30 by napoleon 14th
Yep, but share price will drop by the amount of the divi on thursday IMO.
Posted at 18/8/2014 11:35 by bains123
Think we could see a good run up to close tomorrow as investors lock in the 35p dividend!!!!!!!!!!!

Now 90p ask with 35p paid back in dividend.....

Posted at 18/8/2014 08:21 by petersmith3
It goes ex dividend on Wednesday so you have to buy no later than tomorrow, and can sell after Wednesday to get divi. It will be paid on around 5th September but check with your broker!
Posted at 18/8/2014 07:37 by 1oilman
how long do you have to keep the shares to recieve the special divi?
Posted at 18/8/2014 07:32 by market master
NTA 86p to buy and offering a dividend of 35.43p around 40% yield, for those buying before close of tomorrow.
Posted at 05/7/2013 12:26 by tara7
40p, representing an interim dividend for the current financial year.

Add on the full year divi

Add on the huge profits from the Vic to come.

That is the reason for todays buying.

I spent 6 years researching this company from 2p to £1.40p.

I have spent 1.5 years researching PTO so far 50p to £2.50p.

PTO is my share of the year for very good reason, even the FD has been back buying more stock last week at £2.55p after paying just one pound under a year ago.!!

PTO have done a J/V in China with the state publisher who has 60% market share.
Yes 60% .!!

1.3BN Chinese pop.!!

Last year PTO was valued at £3.7M, today I think a fair value is not far off £100M, but just like NTA it takes the city an age to see what is going on.

Posted at 08/4/2013 16:12 by rj allen
Receipt of GBP10m Dividend and Update on The Lancasters
Northacre announces that it has today received an interim dividend of GBP10,000,000 from Lancaster Gate (Hyde Park) Ltd, our joint venture with Minerva. This is the fifth interim dividend from this development project and brings the total received to date to GBP37.7m.
All but one of the apartments in the Lancasters development have now been sold and it is our current estimate that our total profit share (net of corporation tax) is likely to be in the region of GBP49.8m. As noted above, we have received GBP37.7m to date in dividends from this project, and therefore we estimate that a further GBP12.1m will be forthcoming.

Good news for those who declined the offer?

Posted at 24/12/2012 19:04 by david77
Tara's post #17104 dated 28 Dec 2011:

"NEWSFLASH:

Northacre put out an RNS on the last day of trading prior to Xmas.

It has told shareholders they are about to see their company pick up around £100M from its share of the profits from THE LANCASTERS

First we know that Northacre has been given £1.150,000 from its share of the first 10% of profits from THE LANCASTERS.

Minerva has got rather more, £21.885,000

Total payout of the first divi is £23M pounds.

That £23M pounds is 10% of the profits from The Lancasters.

That has only been paid out AFTER ALL COSTS ARE KNOWN AND ACCOUNTED FOR.

This tells us the whole site has come in on budget [£215M] with an extra £15M built in to cover all other costs ie sales of the last flats and snagging etc.

Sales at the halfway stage were £230M for 50% of the site at prices far lower than the last 50%.

From what we have been told they now fetch well over £3.000 per ft.

Looks like total sales will come in at the round £500M mark.

That would give THE LANCASTERS a profit of around £270M to share .

Northacre get 5% of the first 10% = £1.150,000
Northacre get 10% of the next 5% = £2,300,000
Northacre get 40% of the next 5% = £4.600,000
Northacre get 50% of the next 80% = £107.000,000.

Northaces payout £115M

Minervas payout £155M

Total payout £270M

With over 85% sold , i have been proved 100% right."

RNS from September 2012:

"RNS Number : 9023M

Northacre PLC

21 September 2012

Northacre PLC ("Northacre")

Receipt of GBP13.56m Dividend and Update on The Lancasters

Northacre PLC announces that it has today received an interim dividend from Lancaster Gate (Hyde Park) Ltd, our joint venture with Minerva. The sum received was GBP13,559,500. This receipt represents the third interim dividend from the project, with the total received to date now GBP17,707,059, and we are now receiving 50% of the profits under the profit waterfall structure. The proceeds of this third dividend will be used to repay debt and other outstanding obligations of the business. The Debt remaining after this will be cGBP1.25m (excluding the pension fund loan), although over and above this we have a healthy cash balance available for working capital and to finance interior design project costs.

Our interim statement (for the 6 months to 31 August 2012) will be published in November 2012, however we would like to take this opportunity to provide further guidance on our expectations for profit share from the Lancasters development. We reported in our year-end Statement (published on 24 July 2012) that our estimate of the Fair Value attaching to our interest in the Lancasters was GBP40.8m, which we are now able to clarify, with an upward revision. Given that just 5 of the apartments remain unsold, we now estimate that our total profit share (net of Corporation Tax) is likely to be in the region of GBP49.0m to GBP51.0m assuming sales continue at the price levels achieved thus far and once the remaining 5 apartments are sold. As noted above, we have received GBP17.7m to date and we therefore estimate that a further GBP31.3m to GBP33.3m will be forthcoming. The timing of the receipt of further dividends is not known.

As we stated in our Annual Report, our priority on receipt of further dividends, once all debt and other obligations are repaid and working capital provided for, is to make a distribution to our Shareholders and we hope to be able to make a further announcement about this in the coming months.

Enquiries:

Northacre PLC

Ken MacRae (Chief Executive Officer & Finance Director)

Klas Nilsson (Chairman)

Tel: (020) 7349 8000"

So with 26.72 million shares, what will the take out figure be?

Posted at 24/11/2012 19:47 by troutisout
tara,
I have felt for a long time that you pumped and dumped us all last year, I suppose good luck to you for doing so, but don't expect any respect now.
Since the highs and drop back perhaps I have become a little more cynical, but I posted here a post in response to your figures and I have to say mine were far closer to reality than yours. You had since disappeared and now are back and i have to agree with some, it was better here without you, although I have spent a long time arguing against MT,I do accept he has been right about the share price since early last year.
With regards what the dividend will be, I think a large dose of cynicism is needed, as i said after the last payment, if it was so good then why is the share price still down here? When it was early days I could understand the market not noticing but in recent times the RNSs have told everyone what is happening with the profit share and possible dividend. Why has the share price not reacted apart from the initial pump and dump? Is there something unbelievable about the scenario?

One of the things that helped me not get taken in by the hype was this from the Interims, if they can quantify it like they have then don't tell me that they won't have that deducted from any special dividend payment.

"On receipt of sufficient dividends from The Lancasters Development, it is the Board's intention to make the following payments, with this priority:
i. repayment of existing debt including interest
ii. repayment of the pension fund loan and profit share
iii. other accrued liabilities
iv. to pay a dividend to the Company's shareholders.
After retaining sufficient cash to fund future development projects and if, following the payment of dividends as referred to above, there are sufficient retained profits and funds available (which is at present uncertain), the Board then intends to make bonus payments to staff and directors, reflecting the success of The Lancasters Development. Should all expected dividends from The Lancasters Development be received, and there are sufficient cash resources remaining after satisfying the aforementioned priorities including a substantial dividend, the aggregate of these bonus payments could amount to c12.5% of the anticipated total profit share from The Lancasters Development."

Posted at 23/11/2012 16:26 by topinfo
TIDMNTA
RNS Number : 9328R
Northacre PLC
23 November 2012
23(rd) November 2012
Northacre PLC ("Northacre")
Receipt of GBP10m Dividend and
Receipt of GBP1.2m Consortium Relief
Receipt of Dividend
Northacre announces that it has received an interim dividend and consortium relief payment from Lancaster Gate (Hyde Park) Ltd, our joint venture with Minerva. The sums received were GBP10,000,000 in dividend and GBP1,199,457 in consortium relief. The receipt of the dividend represents the fourth interim dividend from the project, with the total received to date now GBP27,707,059. The proceeds of the dividend and consortium relief will be used to repay remaining debt of GBP1.76m (including interest) to Auster Real Estate Opportunities S.a.r.l. and other outstanding obligations of the business. After repayment of this debt and paying GBP1.9m in respect of the loan and profit share due to Northacre's pension fund, the net cash position of the Group will be cGBP10m.
As we noted at the year-end, the Board considers the payment of a dividend to Shareholders a priority, just as soon as sufficient profits are received from The Lancasters Development. In anticipation of this, we are required to re-organise our reserves and the Board intends to issue a Circular to Shareholders in order that this can be put to a General Meeting in due course. Any distribution would follow after sufficient further dividends are received from The Lancasters, which we anticipate would be during the first half of 2013.
Enquiries:
Northacre PLC

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