Poole Investments Share Discussion Threads

[milacs] 10/2/2006 15:08

Interims posted on a Friday afternoon.
Playing very low profile. with Reilly buying I reckon this has some worth that the directors are trying to keep hidden.

M

[fhmktg] 30/1/2006 15:46

Is this recent?
Is this a sign of things to come>

[jessica5] 30/1/2006 15:02

RNS Number:6383X
Poole Investments PLC
30 January 2006

Poole Investments plc ("the Company")

The Company was advised on 30 January 2006 that Mr. Peter O'Reilly holds
22,965,000 ordinary shares of 5p each in the ordinary share capital representing
12.41% of the issued ordinary share capital of the Company.

For further information please contact:-

Alex Clarkson Zeus Capital Tel: [phone]

This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLWUURAGUPQGCU

[arthur_lame_stocks] 13/1/2006 19:01

That page looks to have changed milacs, it's stolen bikes at the moment. I found a link to the story in their archive, hopefully should stay around a bit longer.

[arthur_lame_stocks] 12/1/2006 21:21

Nice spot milacs, I hope their optimism isn't misplaced

[milacs] 12/1/2006 20:34

From todays Bournemouth Echo. Looks like the bridge project will go through and unlock the value of our land.



M

[arthur_lame_stocks] 06/1/2006 11:09

Thanks for that fhmktg. It clarifies the immediate timescale. I hope we won't be waiting 15 years for an exit!!! (I don't think that's likely, as far as I know we're (as in PIV) aren't going to be developing our land, just getting PP and selling it.

[fhmktg] 06/1/2006 10:31

Sorry, if this is old news - but below is the helpful reply from the nice people at Poole Council.

I, as the Full Sail Ahead regeneration Assistant have been sent your email dated 4th January 2006 and am happy to be able to provide you with a response.

With regard to the timing of the Inspectors report I am able to inform you that the Public Inquiry closed on Friday 21 October 2005. From that time onwards the Inspector was allowed 3 days to write for every one day the Inquiry sat (in this case 12). His report was submitted to the Secretary of State for Transport on 12 December 2005. From this date onwards the Inspectors report is being considered by the SoS and a decision is expected Summer (June) 2006. If the decision is forthcoming on the date assumed a further one month will be granted for the Order to come into force - July 2006.

In answer to your second question of timing for the development these are dependent on submission and granting of acceptable planning applications (which when registered can be view at the Civic Centre Planning Office). Hamworthy area development is subject to permission being granted for the Twin Sails Bridge. Development out of all the regeneration area could take 10-15 years given the scale of development.

I do hope that the above answer has been of help - please do not hesitate to contact me if you have any additional questions or require clarification on any of the above or other points.


Kind Regards

Jemma Oates
Regeneration Assistant

01202 262095

[e-mail]
www.boroughofpoole.com/fullsailahead



-----Original Message-----
Sent: 04 January 2006 10:43
To: [e-mail]
Subject: Twin Sails Enquiry


Please can you tell me the timing for the inspector's report on the bridge development and any decision which may follow, for the surrounding area?

Given planning agreement for the Bridge development, what is the timetable to take the overall project forward, both for the bridge and the associated area development?

Any information would be welcome!

[arthur_lame_stocks] 05/1/2006 17:27

Hi hybrasil

I still think these could prove to be worth 6p a share or more but i'm going to wait and see the outcome of the public enquiry. The decision on the Twin Sails bridge is expected spring/summer of this year and if it is approved i'm going to try and double up my holding if I can still get the shares at this price.

[hybrasil] 05/1/2006 17:08

There is someone out there nibbling at the shares. See e.g todays purchase of 250000 at 3.125p. Are they wise?

[fhmktg] 04/1/2006 10:37

All sound pretty well set up and a good scheme in mind, for the area.
Pilks land seems pretty important - I like the idea of a 'beach area'!

Guess the bridge permission will be the key step- with the enquiry completed in SSeptember, I believe, the inspectors report could be due in Spring, with a ministerial decision in mid to late 06.
I,ve emailed the council for information on the decision timetable.

Looks like 08-09 for any serious development to start and it may depend on whether PIV can negotiate a deal for the land which gives them a share of the developed value - perhaps thats where Mr Cicurel comes in!

Any other views out there?

[arthur_lame_stocks] 03/1/2006 16:39

that was quick. I've just been having a look at the Poole Council website.



Hopefully that link will take you to a map which I think shows our land along with the power station and Sydenhams timber yard. If the link doesn't work you can get to it from the Poole Council homepage by clicking on the local plan link.

From there you can click on the Holes Bay Basin link which should take you to this page hopefully.



Start from 14.33 Lower Hamworthy and there's some info there that might make you feel a bit better. Nothing new really, it's already been posted up here but it's good to remind yourself that things are moving in the right direction, albeit slowly and that the local council is on our side.

[fhmktg] 03/1/2006 16:26

Roll on then I could do with releasing what little cash there is!

[arthur_lame_stocks] 03/1/2006 16:25

happy new year to you too.

I won't claim to be better informed but I reckon we might see a sale of the company/land this year. The decision on the twin sails bridge is expected in the spring/summer and I think planning permission is a certainty once something can be agreed with the council. If we can't sell this land with planning permission and with the twin sails bridge going ahead I don't think we ever will.

[fhmktg] 03/1/2006 10:36

Is there anybody out there?

Happy new year, if you are watching PIV.

Any views on whether we will see resolution of the Poole site issue this year?

Views from those better informed than I, are welcomed!

[fhmktg] 20/12/2005 10:38

Any news from Poole?

[mjcrockett] 05/12/2005 17:40

At least the Planning Gain supplement is only at the Consultation stage, so there's hope for PIV (and IVS) that they could get their planning consent before the tax is implemented.

MJ

[arthur_lame_stocks] 05/12/2005 16:59

You can read GB's pre budget report here



Page 66 onwards gives a bit more detail on his plans as regards property and planning. It looks like the PSG is going to become a reality at some point.

But they also claim they are going to speed up and simplify the planning process, particularly for brownfield sites such as PIV's.

[arthur_lame_stocks] 05/12/2005 14:18

I copied this from the IVS thread (another interesting property play). It's an extract of the Barker report. The report suggests a low rate for brownfield land which is something.

Government should use tax measures to extract some of the windfall gain that accrues to landowners from the sale of their land for residential development.
Government should impose a Planning-gain Supplement on the granting of planning
permission so that landowner development gains form a larger part of the benefits of development.
The following principles might be considered:
• Information would need to be gathered as to the value of land proposed for
development in each local authority. Sources of data could include actual transactions and/or Valuation Office Agency estimates as to the land prices in various local authority areas.
• Government would then set a tax rate on these values. This tax rate should not be set so high as to discourage development, but at a rate that at least covers the estimated local authority gain from Section 106 developer contributions and provides additional resources to boost housing supply.
• The granting of residential planning permission would be contingent on the
payment of the supplementary planning contribution of the proposed development.
• Government may want to consider the operation of a (substantially) lower rate for housing development on brownfield land, and the possibility of varying rates in other circumstances, e.g. for areas where there are particular housing growth strategies, or where other social or environmental costs may arise.
• A proportion of the revenue generated from the granting of planning permissions in local authorities should be given directly to local authorities. Government should also amend the operation of Section 106 planning obligations, as set out in Chapter 3, to take account of this new charge.
• The Government may want to consider allowing developers to pay their
contributions in instalments over reasonable time periods so as to ensure that
housebuilder cash flow pressures are sufficiently accounted for.
The introduction of a tax would need to be accompanied by transitional measures to ameliorate the impact on developers already engaged in land sales contracts that were drawn up before this charge was introduced, or for those who hold large amounts of land already purchased, but where planning permission has yet to be secured.

[fhmktg] 05/12/2005 11:39

Any news on the Poole enquiry?
Hope the Chancellor doesnt go for taxing property deals after planning permission, as forecast in the weekend press. That could upset our brave boys plans!

[latestarter] 18/11/2005 11:39

thats the other side, after all theese years still trying to find the silver linning, land companies builders have been well bid all week so the market still has appetite for bricks and mortar

[arthur_lame_stocks] 18/11/2005 10:55

Perhaps he just has all the stock he wants? I think he must have invested over 500k in PIV now, it's no small amount and he also has substantial stakes in a couple of other small caps.

[latestarter] 18/11/2005 10:11

interesting to note oreilly has stopped buying and allowed theese to come back into the market, when i spoke to DC a few weeks ago he made it clear he has had contact with the board, lets hope hes been made inside to something and now cant buy ( well no harm in hoping i suppose)

[fhmktg] 18/11/2005 09:57

Only £8k worth, but good to see somebody buying today!

[arthur_lame_stocks] 14/11/2005 18:36

Not much going on so here's a couple more links of interest.

Nothing new really, just the other perspective I guess.