Phoenix Spree Deutschland Share Discussion Threads

[4spiel] 17/7/2015 17:45

With no disrespect - 'checked' Jonwig I was referring only to the fact there have been more buys than have been shown. Good if become a ' safe haven ' ! and SRE too ? Conceptually both good or I would not buy - yes currency issues but primarily the motivation of those running the businesses. You hope that's good too for investors- like you and me !

[jonwig] 17/7/2015 17:09

4spiel - if you check my post #7, I remarked on the same thing: the quote is something like 143 - 147, but the true spread is within 143 - 144.

On your post #9, this could get safe haven status (like Bunds), except, of course for the EUR:GBP rate which could be a problem.

[4spiel] 17/7/2015 16:34

Many transactions showing in different places today. My very small buy at 1.4379 shows as a sell. discreet enquiries elicited that is not the only one !

[4spiel] 17/7/2015 12:36

I don't like to miss out on this. But I have only nibbled. German property not as cheap as it was. But £. maybe overvalued against € long term if short term it goes higher overshooting as UK sucks in more imports and has less incentive to produce ? assets proxy DMark whatever. I remember a similar company not so long ago being taken over by bigger German company at 38 cents.

[jonwig] 13/7/2015 08:38

Bought this morning: Greece "agreement" should help take some pressure off the Euro?
For now!

[jonwig] 11/7/2015 14:51

The trades/price action was very strange yesterday: I tested at 08:00 and was quoted 147.5 to buy on 142 - 147.5, so I left it alone. The crude quote hasn't shifted today and heavy trading was mostly at 143 - 144.
You'd think after an IC tip and heavy trading, there would be small buys, but why so close to bid, and why no movement?
(They were O trades so through market-makers, not SETS.)

[jonwig] 10/7/2015 08:09

"BUY" tip in IC this morning. Result: the normally tight spread has widened and I was quoted the full offer (147.5). Bid 142.75. Left it alone.

[jonwig] 26/6/2015 09:12

Some key points:

• NAV at 31 Dec 2014 168p, EPRA NAV 160p. Full valuations Dec, updates June.
Using current exchange rates, EPRA NAV translates to 145p. (Forex 1.41 vs 1.28.)

• Initial dividend 2.5% of NAV, annually. Progressive thereafter. Declared in euros, paid in sterling.

• Property advisor fees basically 1.5% of NAV and performance fee 20% of uplift if NAV growth exceeds 8%pa.

• Simplistically, gross assets €160m, liabilities €60m, equity €100m.

• Approx. 70m shares admitted.

• Predominantly residential in major German cities. mostly Berlin.

Worthwhile investment proposition? Chief risk is currency.

[jaws6] 15/6/2015 09:12

please See DT Annington news today .just google
They non stop talking on CNBC

[jonwig] 15/6/2015 08:42

jaws - haven't bought any, as haven't really had time to digest the prospectus.
Company seems to have a good history - not a start-up.

Will euro fall badly against sterling if a Grexit?
If so, might buy on that scenario.

[jaws6] 15/6/2015 08:39

Jonwig
Good luck with new thread.
D annington and another German property news will bring some more fun here.

[jonwig] 15/6/2015 08:39

First dealings today.

According to prospectus (June 2015):

NAV (basic) €2.16, £1.68, (EPRA) €2.06, £1.60.
Opening quote 148-153.

[jonwig] 15/6/2015 08:34

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Major holdings (total 69,872,298 shs):
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