O Twelve Estates Share Discussion Threads

[envirovision] 25/2/2010 13:50

Should tell you all i sold at 8p the other day, though long term i think its a winner so its back on my watch list for now.

[topvest] 22/2/2010 21:12

When someone wants Perloff's shares!!

[cyril4] 22/2/2010 09:52

if perloffs not going to make a move when will we make any money on this one

[topvest] 19/2/2010 21:28

Cyril - not necessarily - he has 29% of both. Doesn't mean he is going to make a bid.

[envirovision] 19/2/2010 19:32

Good volume today

[cyril4] 19/2/2010 09:11

think you all got it wrong perloff is going for beale

[wattzy] 15/2/2010 08:45

Looking good here at last, 10p seems to be the barrier. I think interims out end of March. Think this could multibag this year, just not overnight.

[comedy] 13/2/2010 09:44

just reading from above it says

Rugby Asset Management Limited has been appointed, conditional upon Admission,
as Property Adviser to the Company. Rugby Asset Management is a wholly owned
subsidiary of Rugby Estates Plc, a property company which was admitted to the
Official List in 1994 and moved to AIM in 2005. Rugby Estates carries out
property related trading, development, management and investment throughout the
United Kingdom directly, in joint ventures, and as asset manager for third
parties. The portfolio return on Rugby Estates' directly-owned properties for
the year and for the five years ended 31 January 2005 was 43% per annum and 20%
per annum respectively. This was equal to first position in the IPD benchmark
index for the year and for the five years ended 31 December 2004

then just went to rugby estates and their rns this week
RNS Number : 9873G
Rugby Estates PLC
11 February 2010

?
11 February 2010
Rugby Estates Plc
("Rugby Estates", "Group" or the "Company")
Trading Update

Rugby Estates today issues the following trading update in advance of its final
results for the year to 31 January 2010, which are expected to be announced in
late April 2010.

Since the announcement of Rugby Estates' half year results for the six months
ended 31 July 2009 in October last year, and following the sale of two
industrial properties from its portfolio, the Company returned a further GBP6.1
million to shareholders on 22 January 2010, which was equivalent to 45p per
ordinary share. This return of cash is consistent with the Company's stated
strategy, which is to concentrate on its asset management business and to return
cash realised on the disposal of its property portfolio to shareholders.
Together with the return of cash made to shareholders on 22 July 2009 of 50p per
share, an aggregate of GBP14.6 million has been returned to shareholders so far.

At 31 July 2009, Rugby Estates held property assets valued at GBP43 million.
Since then, and throughout the remainder of 2009, there has been strong growth
in property values with the IPD UK Monthly All Property index indicating that
the rise in general property values in the last quarter of 2009 was over 7 per
cent. In addition, in December the Company announced the sale of the investment
portfolio held by ING Covent Garden Limited Partnership ("CGLP"), one of Rugby
Estates' co-investment vehicles, to Legal & General Property for GBP119.5
million. Against this background, and in the absence of any change in
circumstances, the Directors of Rugby Estates expect to be able to report that
triple net asset value per share ("NNNAPS") as at 31 January 2010 will be not
less than 400p per ordinary share.

NNNAPS as at 31 January 2010 will be calculated on the same basis as that set
out in note 10 to the half yearly results for the six months ended 31 July 2009,
which were announced on 28 October 2009. Adjustments are made to the net assets
shown in the Group Statement of Financial Position ("Balance Sheet") for the
following:

1. the market value of the property portfolio (without making adjustment for
any disposal expenses) is substituted for the Balance Sheet value of property
inventories;
2. the co-investments are included in NNNAPS at the Group's share of the
estimated underlying net assets of each co-investment vehicle. Underlying net
assets for each co-investment vehicle are estimated by taking the most recently
published financial information and applying the change in the IPD UK Monthly
All Property index to the value of the respective property portfolio valuations
for the period to the Group's Balance Sheet date. The amounts which may
ultimately be realised from co-investments, particularly quoted investments such
as the Group's holdings in O Twelve Estates Ltd and Rugby Estates Investment
Trust Plc, may differ from the Group's share of estimated underlying net assets;
3. to the extent not already provided in the Balance Sheet, an adjustment is
made to reflect the estimated effect of future vestings under employee incentive
schemes; and
4. an adjustment is made for the estimated effect on taxation liabilities or
assets if assets and liabilities were realised at the amounts included in

so seems like they know what they are doing...since nov/dec 08 their share price was around £1 falling from £4 peak...it's now just under £3..

so maybe something is brewing and we will find out?

[topvest] 12/2/2010 18:56

Perloff and Utilico now have over 50% - any offer, accepted by these two parties is a done deal!!

[bunky3] 12/2/2010 16:38

or building up stake for whoever wants to take them out on the cheap, remember what happened at mnr at 13p!! now 80p!!

[truckertee] 12/2/2010 16:32

Yes, fingers crossed they're in for the longer term.

[bunky3] 12/2/2010 16:30

yes your right but utilico wanted there stock and there up to 23%.

[truckertee] 12/2/2010 16:21

Bunky
Surely that was Octopus offloading, perhaps the bulk of which was bought by
Utilico as per previous RNS.

[bunky3] 12/2/2010 16:18

theres the other lot,looks interesting

[jonnyfro] 12/2/2010 15:28

Comedy thanks for the heads up on this one managed to squeeze some in yesterday around 7.5p so a very happy bunny so far.. Add DXR to your watchlist - bought some this morning and very limited freefloat

[truckertee] 12/2/2010 15:17

I take it that ADVFN reported the 2x 3m+ trades at 1625 incorrectly, buys rather than sells because the buy column only registered 1.7m buys.
Therefore todays rise is peanuts on buys yesterday of over 8m.

[comedy] 12/2/2010 15:10

well that explains one 3.5 mill trade for...but still have another 3.3 mill and 425k ...and 2 one mill trades to account for..edited... lets see what today throws up.

[beginner3] 12/2/2010 15:07

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:


O Twelve Estates Limited



2 Reason for the notification (please tick the appropriate box or boxes):



An acquisition or disposal of voting rights


Yes



An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


No



An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


No



An event changing the breakdown of voting rights


No



Other (please specify):





No




3. Full name of person(s) subject to the notification obligation:




Utilico Limited

4. Full name of shareholder(s) (if different from 3.):




As Above

5. Date of the transaction and date on which the threshold is crossed or reached:




11 February 2010

6. Date on which issuer notified:




12 February 2010

7. Threshold(s) that is/are crossed or reached:




21,22,23%

[truckertee] 12/2/2010 15:07

Guess this where the stock went.

[comedy] 12/2/2010 14:25

ps why big spread? away too lunch and dont want any trading?:)

[comedy] 12/2/2010 14:21

soggy been in this stock since last year...and know exactly where you are coming from re: buying and then watching it retrace...but havent had this large a volume since i got in to this stock...the mm's wanted a premium of 0.75p when at 8.25p but now can pick up 100k at 8.6p so dont know if that is people who got in lower who have sold so they have some stock to shift??? do know when i tried to get 50k told they are only quoting for 3700 shares i think...so personally going with volume means someone is taking a stake...the mm's will play with it but are trying to keep it below people radar...bet by end of next week we are over 10p.

I could sell the whole 125k at 8p online...so do think they might keep us here to see if trdaesr want to get out before weekend. However if look at company will see this is close to the long term floor of share price As property becomes flavour this will rerate significantly. Holding to see who is trading in 3 mil and 1 mill blocks ...give it a week or two and we finally know....thinkign will they try a wee dip to shake stock at end or will they jump it past 9p at close so have to pay more to get in on monday. lol fun and games..gl mate think this is a multibagger for the patient ones.

[soggy] 12/2/2010 14:08

I've been sitting thinking, ....it's bound to come down a bit, nothing goes up in a straight line. However, it kept going up today, so I jumped in earlier.

Now let's see where it goes (knowing me, "Mr. Buy-at-the-top-sell-at-the-botton", it has now peaked).

There don't seem to be a lot of free-float shares around....is anyone else of this opinion?

[quraishim] 12/2/2010 13:52

wow comedy this looks good

[comedy] 12/2/2010 13:06

q they want 9p for 50k!!!...dont think they have any stock are just trying to tweak out sellers...have a feeling someone is taking a stake in background would explain all the volume.