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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| O Twelve Estate | OTE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.75 |
| Top Posts |
|---|
Posted at 24/12/2010 11:53 by daniel OTE is very disappointing; I wonder where the Bod expects existing investors to get funds to save themselves from such heavy dilution? They've given away the control of the company for peanuts. Very selfish indeed!I will like existing shareholders to come together so that we can block this deal, by voting against it. Send me an email at Kssksally at yahoo dot com, to estimate how much vote we can gather.A couple of large holders will be on board |
Posted at 17/12/2010 10:07 by paul1967 I doubt you go to the expence of an open offer without a verbal agreement with your major holders.Regardless of intentions, it places the company in a financially stronger position with a multi billion $ company behind them. No fear of covenants here now. If they buy upto 25% more after the placing, any offer has to be in excess of 10.5p but i don't think that is the intention, OTE need a dynamic board, currently we don't have that. There is no point following a share you are not happy with or uncertain with, waiting for it to fall and think "glad I never" or watching it double and thinking" wish I had" That is fantasy trading. With a "possibly to be major share holder" wanting 50% and 1 share at 10.5p the stock in my opinion warrants a 5% investment in my portfolio, may make a tidy sum, may lose a bit, that's what the markets are all about, otherwise invest in a savings account and check your interest payments monthly, that is guaranteed. No point wondering what may happen as you will go round in circles and end up back where you started knowing little more than you did before. Cough up £30m you may get a better picture. |
Posted at 16/12/2010 11:04 by linhur NTVHaving thought about it, I agree it looks like a backdoor effort to get OTE on the cheap.It is cunningly priced as it indicates they value OTE at around 11p. I think Panther and Utilico have separate agendas so I do not think their will be takeover from them for OTE. Panther might see an exit point by selling to the offerors as I think his average price would be in single figures.. Not sure what Utilico will do as their buying price would be higher than current share price Initially I was interested in this offer as I have been looking to get into OTE but I do not like offeror having control as they are not paying a premium for control. regards linhur |
Posted at 16/12/2010 07:57 by ntv i think this is a back door way for the yanks to get hold of oteguessing that utilico and mr perloff don't like it so will probably fail what is the point of buying 50% then keeping the listing? pointless for us smaller shareholder and pointless for them cost them less to buy the whole company at say 15p unless the others of couse don't want to sell anyway i wonder if utilico and panther/perloff will come up with an alternative offer results due 23/12 now |
Posted at 26/10/2010 21:03 by topvest Yes and Perloff has 30% or so. Can't see OTE being in its existing form a year from now. For other shareholders, though we need to get closer to 2012 to really benefit imo. Getting taken out cheaply now, would not be fun! |
Posted at 02/8/2010 09:34 by topvest No hidden agenda for me daniel, although you seem to think I have one for some bizarre reason. Lets just drop it as we seem to both agree on the best way forward which is for OTE to carry on as is. |
Posted at 31/7/2010 14:34 by topvest With respect, don't be an idiot.I'm a supporter of OTE generally. The position is this as far as I see it. The Property Advisor and Board would like to expand to get out of the hole they are in. The Property Manager is good, but has a diminishing asset portfolio. I'm a holder in Rugby Estates and they are doing a capital return at the moment. They need more assets under management. So, I think OTE were looking to raise funds, but as you say it doesn't really make sense without dilution and Panther + Utilico aren't likely to support putting more money in. Best result here is to limp through to the Olympics, and return 30p or so. Still a very good return which is why I'm a holder. |
Posted at 30/7/2010 11:28 by daniel The fact is this, the Board must understand that less competent management in real estate companies that have suffered huge dilutions have gone nowhere. The share price is held down for ages. On the other hand, companies like Minever and Quintain; which have completely avoided dilutions or at rock bottom prices while their portfolio valuation improved have gain over 500% in share prices in past 15 months. There is no better placed real estate company in the LSE with similar opportunity than OTE with the approach of the Olympics. Topvest comments may be designed to talk the company down in the hope acquiring large shares, otherwise I cannot justify why a holder would be clamouring for dilution. |
Posted at 12/7/2010 17:19 by daniel Your arguement is not applicable to OTE Hyper alThe next greatest event in the world is the London Olympics. OTE is well positioned to capitalise on the event. This is one of the very few property companies in the LSE that have successfully refinanced and paid down its debts without dilutions to shareholders. I expect a very good result this week and a positive outlook from one of the best management around in the real estate sector. |
Posted at 10/6/2010 16:22 by colonel a daniel,I hold some OTE and will probably buy more so I took a comparative look at Minerva. I didn't think they were particularly fulsome in their information provision either ?? Minerva is fully listed and an order of magnitude bigger than OTE. They are both very {too} highly geared and have had to renegotiate their borrowings at significant cost. The property valuation data for Minerva is from end 09 and the shares are trading at roughly the raw NAV from that time. If we assumed a 5% hike in OTE property values between end Sept and end Dec {plausible and quite modest considering available data} and taking into account the March disposal I guestimate the equivalent {ignoring interest rate swaps} NAV figure to be 20p. I can't see OTE trading at close to 20p before the results but was surprised to see it drop back so far from the recent high. Best of luck all. |
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