O Twelve Estates Share Discussion Threads

[crawford] 15/4/2010 09:04

Hey presto,
TCF news out and it's good.

[paul1967] 14/4/2010 17:30

ydderF - 14 Apr'10 - 15:57 - 268 of 269
i like cic, i bought them when they bought my TAP shares.
CIC have bundles of money, and i nice little project underway.

[crawford] 14/4/2010 16:22

disagree, TCF a much better proposition than CIC.

Or even SAF :-)

[ydderf] 14/4/2010 15:57

imho CIC is now better value - see my post there for reasons

[quepassa] 14/4/2010 12:12

Excellent article in to-day's FT, Markets Section page 20 headed " Boost from Olympics for Telford Homes".

The article talks about the strong performance of Telford and talks about the lasting impact which the Olympic games will have on the area which is undergoing a multi-billion pound urban regeneration project.

The article would seem to indicate that there is strong residential demand in the Thames Gateway area and that the Olympics effect is beginning to make an impact on the desirability of property in the adjacent areas.

In my view, this is further concrete supporting evidence of a firming of a property market in that area. This should in due course feed through to the valuations of properties in the O Twelve estate in my view.

All IMO. DYOR.

QP

[cyril4] 14/4/2010 11:36

looks like the drops begun

[georgio44] 13/4/2010 23:58

Annoyed at myself, as looked at this and rated it a Buy on 2nd April but it must have fell off my radar.

Will see if it falls back to circa 9p and take a punt then, as a good one to Hold for the longer term imo.

Holding INL tho.

Good luck all !

[quepassa] 13/4/2010 17:13

Sixteen percent up today.

QP

[paul1967] 13/4/2010 16:52

Well held again.

[paul1967] 13/4/2010 15:05

The II who bought 6 million was neither.

[tts] 13/4/2010 14:54

ydderf

A 200,000 buy at 12p is not a penny punter!

[paul1967] 13/4/2010 14:53

Just can't understand why some feel a retrace is a negative, it has to happen at some point, nothing goes up without one.

[w1ndjammer] 13/4/2010 14:24

ydderf

you are showing yourself up
get over yourself man, just because you missed the boat.
get on board now still 100% upside

WJ.

[ydderf] 13/4/2010 13:50

as predicted, the stock has already begun to be handed back to the market - the thing about penny punters is that they are penny punters for a reason......

[paul1967] 13/4/2010 12:22

agree, and i,m holding all mine till atleast 20p, may top slice then.

[quepassa] 13/4/2010 12:11

This stock has been totally off the radar until now.

What is happenning here is in many ways reminiscent of what has taken place with so many other propcos over the last year. Problems with their banking covenants/facilities. Downward property valuations - in this case even leading to negative equity. Share priced for failure. Then banking facilities do get renegotiated, property market begins to become more buoyant - and things start looking more positive. Share starts moving up again....

Their recent £24.4m Disposal at 37% over Sep 09 valuation, has changed OTE in my view. According to my calcs, they are now in postive shareholder equity, the requirement to reduce their major facility from £170m odd to £140m by March next year is already almost there a year ahead of time at £145m after the sale proceeds of the recent Disposal.

The question is the forthcoming valuations on the rest of their property portfolio. If there is a 10/15% overall uplift , the Company starts to look not unreasonable again. - You need, in my view, to take a view on what prospective valuations will be when next reported. Whilst I doubt the whole portfolio could have gone up by 37% since September as with recent Disposal, maybe a 10/15%% uplift is not too hard to imagine. - If that is the case ( but do your own calculations and make your own assumptions ), a prospective NAV of 20-25p per share is not out of the question.

All IMO. DYOR.

QP

[newswseller] 13/4/2010 11:18

There is no stock around thats why the trades are small, yesterday the max online trade via TDW was for £200.

Today I managed to get a measly £950 worth over the phone before the price went up. I did intend to invest over £5k.

[tts] 13/4/2010 11:04

yderf

You have missed out mentioning about some of the big trades (buy) over the last few days!!

This is going up for being undervalued or for a takeover.

[paul1967] 13/4/2010 11:02

ydderF - 13 Apr'10 - 10:54 - 250 of 251
it may pull back, but the days of 7p are gone, all shares need a retrace to move on, get a grip, at 11p you thought it would fall back, it never, so what if it pulls back to 10p or 11p, the end game is the same. 20p plus.

[crawford] 13/4/2010 10:59

Freddy,
are you invested here?

[ydderf] 13/4/2010 10:54

for gawd's sake, there have been 22 bargains and a quarter of a million shares traded - that's an average of less that £1300 a trade, why attempt to interprete this as anything other than penny punting as the result of some ramping tip somewhere by minnow and company

[5dally] 13/4/2010 10:45

Well TEF results this morning were pretty good, holding onto them was well worth it and I will be doing the same here,,sorry for ot

[mreasygoing] 13/4/2010 10:34

Yes, not convinced about this yet, RSI is now at 93. I'll wait for confirmation of a breakout before touching them. Could pick them up for 8p in a few weeks if history is any guide.

[5dally] 13/4/2010 10:34

RNS Number : 0248E
O Twelve Estates Limited
14 December 2009



David Tye of Rugby Asset Management added:

"Whilst prospects for the real estate market generally now appear to be improving, we believe that O Twelve's Target Area is looking forward to a particularly bright future. The Olympic Games are approaching quickly and we are now starting to see the effect of the unprecedented public and private investment driving Europe's largest single regeneration project around Stratford, London's East End and the Thames Gateway. This, coupled with the Target Area's historically low capital and rental base values augurs well for future growth