Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Spree D LSE:PSDL London Ordinary Share JE00B248KJ21 SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.56% 355.00p 355.00p 356.00p 357.00p 350.00p 357.00p 182,703 16:29:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 16.1 123.1 107.5 3.3 357.67

Phoenix Spree D Share Discussion Threads

Showing 276 to 300 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
04/10/2018
17:03
German companies now way off their highs and down about 2.5% today - trimmed holding.
podgyted
02/10/2018
05:12
alpal - the 27/09 HY results has the NAV. That's what you must have missed. (In the header.)
jonwig
01/10/2018
23:42
What is latest per share NAV? When is next announcement due, or did I miss something recent?
alpal2
28/9/2018
09:24
There's a silver lining .........
podgyted
27/9/2018
18:59
podgyted - I thought everything was fine and on track. I guess the absence of property revaluation this time round might mean performance bonuses are off the table for a while!
jonwig
27/9/2018
17:26
Well..... Not as good as I'd hoped but I can't complain at the moment.
podgyted
19/9/2018
12:54
I've got a Researchtree sub too so yes it's a bit disappointing.
davebowler
19/9/2018
01:50
From what I can tell they haven't produced an initiation research note. Although I can understand they would probably want to wait for the half year accounts.
podgyted
19/9/2018
01:48
Anyone got a view on the change of brokers to Numis. Seems a bit abrupt. (Causes me a bit of a problem as Numis are not on Researchtree so I won't get any analysis in future.)
podgyted
28/8/2018
15:49
Encouraging info podgyted.
davebowler
23/8/2018
19:28
Interesting podgyted. Thanks for posting it. Agree PSDL looks cheap and hoping results next month confirm that and give the share price a lift.
kenmitch
23/8/2018
19:17
ADO Properties 29/12/17 42.28 euros : 23/8/18 53.80 euros - gain 27%. Price to book value (including June revaluation) 1.20. Phoenix Spree 29/12/17 393p : 23/8/18 376p - loss 4%. Price to book value (excluding June revaluation) 1.08. Still looks cheap.
podgyted
14/8/2018
19:43
The Economist has started a house price index for the world's major cities. Over 1 year, Berlin is top with +13.2%. Over 5 years it's at No2 with +63.1% (No1 Dublin, +78.5%). London's numbers are -1.2% and +39.6% respectively.
jonwig
09/8/2018
19:17
Or perhaps they won't.
podgyted
09/8/2018
17:16
Not a bad day all things considered. Presume IC will give it a plug this week as it's one of their shares of the year which may help further.
podgyted
09/8/2018
10:05
Liberum; Continued momentum, 5% revaluation gain Event Phoenix Spree's portfolio revaluation update highlights a 5.4% like-for-like uplift in H1 2018. After adjusting for capex, we estimate the revaluation gain was c.4.7% in the period. We estimate the implied NAV return in H1 2018 is 5.5%. The valuation uplift reflects ongoing rental growth and asset management gains. The shares remain attractive at a 5.6% discount to the June NAV estimate. We see scope for further re-rating given the positive outlook for long-term rental growth.
davebowler
09/8/2018
09:27
alpal2 - I was just saying I thought the revaluation would be 15% up and it turned out to be 5% up - so I don't think the BoE will be calling on me any time soon. Jonwig - like you I'm waiting for the interims to see what the NAV is - way too many variables here - but like-for-like increase is a positive trend. They seem to be trying to forecast EPRA NAV which does allow for the shares in issue (Liberum do make a fair point that its 2 German peers trade at a Premium to NAV whereas PSDL trades at a discount - so however calculated, and allowing quite some latitude, there seems to be some upside potential there. Stocko currently shows PSDL trading on 1.05 historic IFRS NBV compared to 1.19 for ADO and 1.51 for Deutsche Whonen - both Berlin concentrated but the latter also has a nursing/care operation)
podgyted
09/8/2018
08:57
podgyted: I suspect you're not right about valuation being 10% off. I think the drop in portfolio value merely reflects that properties have been sold i.e. no longer included in portfolio. The RNS could have been more forthcoming at confirming that the properties were sold at or above last portfolio valuation.
alpal2
09/8/2018
08:45
@ alpal2 - no, I'd think not. For the NAV you need all the balance sheet numbers. We only have one of them here, though maybe the largest. @ podgyted - if Liberum can estimate a NAV they're a lot better than me! (Have they factored in 9% more shares in issue?)
jonwig
09/8/2018
08:45
Well didn't get that revaluation right - seemingly 10% off. Still I've come to feel that holding these shares over the last few days has become more and more attractive from a brexit perspective - solid growth assets in euros. Liberum estimate 4.29 euros NAV and continue to be bullish. "The shares remain attractive at a 5.6% discount to the June NAV estimate. We see scope for further re-rating given the positive outlook for long-term rental growth."
podgyted
09/8/2018
08:28
Can one derive the NAV from the portfolio value? Previous NAV was €4? Does anyone have a current value?
alpal2
09/8/2018
08:08
I can't make much of the portfolio update, because of disposals but I imagine the increased share capital will spoil per share NAV numbers. The like-for-like increase of 5.4% is pretty impressive though: 11.1% annualised. Liberum has "Phoenix Spree's portfolio revaluation update highlights a 5.4% like-for-like uplift in H1 2018. After adjusting for capex, we estimate the revaluation gain was c.4.7% in the period." I think davebowler will be able to read the full note.
jonwig
08/8/2018
08:21
What's driving the Berlin residential market is quite different from, say, London with its hot Arab and Russian investment money. Instead, ordinary Europeans want to move there - it's the only truly international city in Germany. (My wife is German, so we know the country well.) I believe it has the larget Jewish population of any city in Europe. ("If you don't want to move to Israel, just go to Berlin.") There's also the legendary German inefficiency in planning, regulation, protectionist rules, etc. On the valuation, worth remembering that the number of shares in issue increased by 9% in May (by 8.3m shs to 100.8m) so per share numbers won't look quite so impressive.
jonwig
08/8/2018
00:46
I'm expecting a 15%-20% valuation uplift (erring to the 15%) which I believe will see it above 400p. Not stellar but worth having. However, this is a strange market!
podgyted
07/8/2018
22:04
Scrub that, 90:10!!!!
rimau1
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20181021 20:54:18