Off-plan Fund Share Discussion Threads

[randsys] 21/1/2009 11:03

In the words of Anne Robinson - "if something sounds too good to be true it probably is" :-)

"Online limits 1,000 to sell, 75,000 to buy." - the market is trying to tell you something. Do you really want to buy into something you may not be able to get out of?

[jamie62] 21/1/2009 10:51

something amiss here

[touch2002] 21/1/2009 09:25

tara - in case you're t trading this, the agm historically has been in April or May.

Online limits 1,000 to sell, 75,000 to buy.

fill yer boots!

[tara7] 20/1/2009 13:03

Vote is in March. [At the same time as the AGM]

[tara7] 20/1/2009 13:01

We have been told on the RNS the directors will be making a recommendation to shareholders on which way to vote, [on cashing in or not.] With the shares at 16p and the cash and property due back up to 85p, in my view they could only vote one way.!!!!!!!!!!

[tara7] 20/1/2009 12:53

Looking at the past contracts looks like 3 years from start date, however, if the bank pulls the plug due to falling values the deal is off and that could be anytime. If that is the case the shares will leap 200-400%.

[coxewan] 20/1/2009 12:48

Tara7

If as you say it is unlikely to go ahead do you know if there a timescale when contracts can be rescinded and deposits returned.

[tara7] 20/1/2009 12:47

Also who would buy in a second hand office block, with 35% social, for £200k for 500 odd SQ feet of flat with a service charge as high as the social flats next door pay for rent.?

[tara7] 20/1/2009 12:42

Cannon house max loss to OPF is 4.25m pounds,however as posted above it still would leave a payout of around 45p to shareholders if all of that was lost. I am of the view it will not go ahead and the cash will come back. Reasons, first all the other deals fell through and OPF got the cash back. Now the build has not started and its the best part of a year late, the H/A pulled out of the social housing, the finished value of the shops and offices has fallen 50%, the market for the flats aimed at city workers has gone, no flat buyer can get a 200k mortgage for above 75% of value. Investors have gone or want 60% off, the flats are on a main road most will get no sun, local agents tell me £160,000 max. plus they tell me you can not sell flats off plan in todays market. With prices falling 4% a month and a year to build, it looks grim for the builder and bank . Add to that the banks terms for the loan must come up each year and [that is now,] at 21m pounds its a big slug. all the above in my view

[coxewan] 20/1/2009 12:15

Just had a good look at this. The only fly in the ointment is Canon House. What is the liability if this development goes ahead ?

[tara7] 20/1/2009 12:07

Can not buy or sell on line with broker i use, how many can you buy online?

[guman] 20/1/2009 11:57

can not sell on line.

[tara7] 20/1/2009 10:12

Todays market is 1.8m pounds, that is the amount they have just bought in flats at 20% off in Walton on Thames. Then you have £800,000 of other property, plus just under 5m pounds in the bank. Vote at AGM in March should give us a huge payout.

[love it] 20/1/2009 09:55

all buys today 16.66 to buy on line

[love it] 20/1/2009 08:45

Yes but all mm's not showing.

Are well nice to see

[tara7] 20/1/2009 08:40

Buys keep rolling in

[love it] 20/1/2009 08:11

Only two mm open in this one. Loads missing all over the place they all got up late?

[tara7] 20/1/2009 07:32

Tap in www.offplanfund.com

[tara7] 20/1/2009 07:29

Last year the shareholders voted, to have a vote each year starting in 2009 to sell up and cash in. You can find this on company web page, back page of report and accounts.

[badtime] 19/1/2009 22:53

Tara...could you give a bit more detail re this proposed March vote...what rns are u referring too?

[love it] 19/1/2009 16:50

Nice to see! Seems WINS want stock and the others dont have any as buys take them out.


Nice

[tara7] 19/1/2009 14:13

Buyers paying over the offer price to get hold of stock.!!!!!!!!

[tara7] 19/1/2009 14:11

Top riser today in tenth place, market cap 1.8m accounts show best part of 9m cash and property.

[tara7] 19/1/2009 13:02

Way to make big profits is to look at shares that have had a forced seller pushing the price down so we can buy at the bottom for a huge profit. Seller left town at 5p here two weeks ago, [shares were over 50p] now 16p and going up fast.