Puma Vct Share Discussion Threads

[balcony] 07/2/2003 10:12

well at last the investors cronicle gets one right,this must mean the next bull market is here,only joking.

[thefifthelement] 24/1/2003 09:59

Wappingwall - Not sure about the 20M building restriction, but those big tanks next to the flyover must be at least 30M, and they must have been built fairly recently, they don't look that old.

Also the builing next door has a big chimney that must be over 20M, looks like some kind of energy centre and that is definately not that old.

So a plot of land with it own energy source, now that could be interesting, was it the Dutch used to be into district heating?

[thefifthelement] 10/1/2003 09:22

Futher to my note yesterday, follow this link to see the IC report

[thefifthelement] 09/1/2003 10:03

There will be plenty of action here before April, too many things boiling in the pot, plus the FT's Investors Chronicle tipped them a buy last week too.

[wappingwall] 12/12/2002 10:01

In regards to any development potential of the Pura East London site:
It is important to note that the West bank of the River Lea / Bow Creek, which certainly includes the Pura Orchard Lea site, is designated in the Tower Hamlets Unitary Development Plan as an Industrial Employment Area. The policy statement is that "The UDP does not promote the use of employment sites for residential development".
It is also well outside of the designated CAZ (Central Area Zones) covering the Canary Wharf development. The CAZ are the only locations allowed for high office development (above 20 metres).
From these planning restrictions I would say that there is zero short or medium term possibility of redevelopment of this site for any other use.

[mulberry trader] 09/12/2002 15:19

see a steady trickle of small buys today pushing price up a penny. Usually indicative of a tip in the weekend press. anybody see anything?

[oldolie] 09/12/2002 13:59

ahah a stirring in the vat,

[oldolie] 06/12/2002 10:51

Still no news on this , but if you want to run a diesel engine on cooking oil. these are the boys to ring

totally illegal of course and noeone should even think of doing it

[praipus] 07/11/2002 09:00

Simon Cawkwell AKA Evil Knievil says in his broacast on t1ps.com he is long of these. He says the original bid was circa 75p but that a revised bid could easily be in excess of £1.00!

[roomey] 05/11/2002 10:23

good results in current climate but what i do find strange is why have the co. brought them forward by one month expect some action soon

[tobias] 04/11/2002 13:19

how much was the bid??anyone know

[golconda] 02/11/2002 09:17

this bid is all about unravelling the loan from the major shareholder to the previous chairman secured on pura shares-a bid will pay off all or part of the loan depending on the level- i believe this loan is due for repayment by next april

[twistagain] 01/11/2002 11:56

Problem is, ADM the majority shareholder is also the JV partner in the refinery operation. I believe ADM's shareholding was made back in the days of >£3 per share and any offer for the business significantly lower than this may cause a significant BS w/off. Also, ADM have representation on the Board and have therefore been party to the decision to reject the offer.

The other larger shareholder is the employee share trust - any offer would have to be beneficial to this shareholder base.

The land could be undervalued within the accounts. Other potential upsides are the recent reduction in gearing 'better positioning' the business for growth by acquisition.

Could Ian Hutcheson do better? - Who knows, he has done in the past but the market has moved forward.

[praipus] 01/11/2002 09:00

40% thats good for us isnt it?

The bidder in theory :
a) has fewer share holders to convince or
b) someone to bid against?

[tobias] 01/11/2002 00:40

the usa co that owns 40% will have the last say

[praipus] 01/11/2002 00:18

Hmmm so why does the old boss want it back then?

[wappingwall] 31/10/2002 10:49

I cannot believe their Docklands property has value for office or residential development. Have you seen their Orchard Place site ? Stuck between a flyover, a petrol station and the rather disgusting Bow Creek river. I certainly wouldn't build or buy a residential property there and cannot see why it is any good for an office either. There are a lot of derelict sites alongside the Thames near there, which are much better sited than the Pura factory. However, if they develop the surrounding area then the factory sits like a sore thumb. Maybe somebody would pay to just get rid of it.

[praipus] 30/10/2002 19:33

roomey

Undervalued do you mean commercially or for residential development potential?

[roomey] 30/10/2002 16:19

nav seriously undervalues property assets back in dec rumoured canary wharf after orchard way site in londons docklands

[praipus] 30/10/2002 14:10

Any one know the situation here?

Net assets £1.56 per share, £49 mill fixed assets and market cap of about £28 million according to ADVFN.

Is this a screaming buy?