Quadrise Share Discussion Threads

[wendsworth] 03/7/2011 19:29

scottishfield and bene449 : QED has been 'a bid favourite' for some time now but there have been a number of significant developments over the past six months that have made the company substantially more attractive . Apart from the NAV , Company trading prospects have improved, funding has been obtained for some high profile developments, key Board changes, Laxey taking a 11% stake etc....

The source is Geoff Foster who has regularly monitored / commented upon the performance of QED. His view is that 'this time ...something may well happen on the bid front'.

As to prospective bids being successful ...I tend to agree with the comment of 80 to 85p as the initial approach level with a take out price probably nearer to 100p.

Whatever the outcome QED has been my best trading share this year.

[bene449] 02/7/2011 11:50

Great news, Wend, if it comes off. Hopefully, we may get some publicity soon.

[scottishfield] 02/7/2011 10:57

bought this week. wendsworth, is a bid likely, in yr opinion and what price might be achieveable?

[wendsworth] 02/7/2011 10:20

johnv ; Consistent mopping-up when price dips below 60p . Three deals this Thursday covering 750,000 . 'Talk' is stake-building prior to bid situation with initial bid coming in around the 80 to 85p mark.

[johnv] 30/6/2011 17:13

Heavy buying today.

[bigbigdave] 30/6/2011 10:35

I'm still adding under 60p.

[cockneyrebel] 30/6/2011 08:09

0706 GMT [Dow Jones] JPMorgan Cazenove upgrades Quintain Estates (QED.LN) to overweight from neutral and raises price target to 75p from 50p, saying momentum is now growing. Despite a better performance in recent weeks, the stock has floundered for some time, as investors worried about punchy valuations for business districts Wembley and Greenwich and a lack of funding for projects. However, following good FY results, JPM expects the markets to shift from searching for downside to looking at the upside. Shares +0.8% at 60p.

[quepassa] 29/6/2011 22:02

Tomorrow 30th. June will formally be the final day of outgoing Deputy Chief Exec, Nick Shattock at Quintain.

Watch out for possible management changes in the coming period.

On the Quintain web page which lists job vacancies, they show a slot for an Asset Manager reporting to the CHIEF OPERATING OFFICER and DEVELOPMENT DIRECTOR.



I am not familiar with the name of the person behind that title of CHIEF OPERATING OFFICER at Quintain. Nor indeed , that such a title existed within the Quintain management structure/hierarchy. Wyatt is CEO not COO.

I was under the impression that newboy Max James was effectively now in charge of day-to-day matters at Wembley City, although it is not apparent from any Company release that he is the holder of this title of COO.

Can anyone please clarify who the referenced CHIEF OPERATING OFFICER is as mentioned in the Quintain web-site memo?


ALL IMO. DYOR.

QP

[wendsworth] 29/6/2011 08:13

The recent BB background comments demonstrates why Laxey have bought in . I surmise a general consensus as to a potential minimum upside of 50% from current share price trading level. One only has to look at Minerva to see how quickly a recovery property share can move on the UPSIDE.

[erric] 29/6/2011 07:09

thanks for the explanation, I always thought these boards were for PI's to share information and education, not villification

[jbarker5555] 28/6/2011 19:49

Just about hit 240p intra-day at one point if memory serves correct :)

[scburbs] 28/6/2011 18:10

Erric,

You are going wrong because the share price graph has been adjusted. The share price went well above the 120p which you now see as the 2009 peak. This is evidenced that the rights issue was launched when the share price was 175.25p. I believe that it peaked at well over £2 in September 2009.

"The Issue Price of 49 pence per New Ordinary Share represents a 72.0 per cent. discount to the Closing Price of an Existing Ordinary Share of 175.25 pence on 4 November 2009"

[erric] 28/6/2011 15:39

Aberdare, I wasnt trying to be "smart" so please tell me where I'm going wrong.

Did we or did we not dilute the shares, thereby making Sp comparisons withe 2009 meaningless ?

In common with many other property firms, Quintain got into difficulty in 2007/09, as commercial-property values slumped by 40% to 50%. As property prices plummeted, the developer's gearing soared to 105% in March 2009, perilously close to the 110% ceiling allowed by its banking covenants.

Hence, Quintain went cap in hand to its owners, raising £183.5 million from shareholders in a rescue rights issue in December 2009. This reduced Quintain's gearing to a mere 46% by March 2010, giving the developer plenty of breathing space.

Of course, this toxic combination of collapsing property prices and banking worries crushed Quintain's share price. Having peaked at 964p in late July 2007, Quintain's shares were trashed during the credit crunch, falling to an unbelievable 7.5p at the end of March 2009.

I can well see how it can recover to 85p to 95p but after that we must be looking for enhance EPS rather than a return to traditional valuation, surely.

By the by, my "dropping in " to the BB is about the same frequency as your own this month isnt it ? , or do you post under different names ?

[wendsworth] 28/6/2011 13:36

C.R : Laxey are renowned for strategic thinking and thorough sector research before they take a position in a recovery stock.

Doubtless their 11% stake will enable them to influence the outcome from any prospective suitor.

They have a reputation of 'looking for 100% return' which in QED's case brings us to something in the 90 to 95p range.

As ever ...we'll see!

[wendsworth] 28/6/2011 13:36

C.R : Laxey are renowned for strategic thinking and thorough sector research before they take a position in a recovery stock.

Doubtless their 11% stake will enable them to influence the outcome from any prospective suitor.

They have a reputation of 'looking for 100% return' which in QED's case brings us to something in the 90 to 95p range.

As ever ...we'll see!

[aberdare] 28/6/2011 11:30

Hello Erric Thats in drop in,make some unfounded statement and go .

rgds

[erric] 28/6/2011 09:49

I thought bowl charts were only possible if it was the same number of shares in circulation.

Havent we had a large dilution since the LHS.

Expecting it to go back up to 120p is like a dream of LLoyds being back at £6

[cockneyrebel] 28/6/2011 08:28

Not much higher than where Laxey partners were buying earlier this month now, I wonder if they'll be in for more?

Can't help feeling with that big bowl of a chart that these will be having another big spike up before vey long

imo.

CR

[tom111] 27/6/2011 10:32

topped up today

[bene449] 27/6/2011 09:27

Just put 10000 into my ISA.

[honiton] 24/6/2011 14:44

quite. I often find that the share performance is inversely correlated to the number of postings on these boards.

RSW and SXS worth a look for those with an engineering bent. I would stay clear of retail and financials.

[wendsworth] 24/6/2011 14:23

Honiton : Always difficult to sell out of a share that's been truly good to you. I've switched into QED because I see at least 50% upside from current share price level...if that's any help?

C.R : It's looking REALLY good...and yesterday's performance on a pretty awful day for most shares proves it.

Is Geoff Foster of the Mail typing a positive comment for the w/e press as I post this comment? Could well be.

If there are prospective bidders circling then expect a move sooner rather than later.

[cockneyrebel] 24/6/2011 11:49

Chart curving up for another leg on that lovely bowl here imo.

CR

[honiton] 24/6/2011 10:12

not too sure whether to sell BKG and buy into QED or SHB. Sold CRM this week to buy into QED.

BKG has been excellent buy.