Quadrise Share Discussion Threads

[p4ulson inc] 22/11/2011 11:22

What nasties will the TU 30th hold. A lot of selling past week, smells like inside info to me, 30th should confirm or dispel. Funding issues is a concern considering the family silver appears to be being sold off to keep the banks at bay. Could be 20p soon.

AIMHO.

[harry hedge funds] 22/11/2011 09:22

Those in the know now dumping the shares, check that chart, horrendous down channel.

[johnv] 21/11/2011 10:23

About time Laxey bought another lot.

[ch4rles bronson] 17/11/2011 08:44

Disposal of Plaza Hotel for £15m to reduce gearing.

[scburbs] 16/11/2011 08:37

Interesting early comments from Unite on student demand for next year (first year with fee increase) with rental growth expected to be maintained and fall in applications not expected to impact on places due to current supply/demand imbalance.

Quintain's 50-50 JV is well placed due to its high London weighting (increased by the finishing of Corsham St for next year).

"Lettings for the 2012/13 academic year commenced in early November and we have seen an early positive response to our rebooking campaign. Initial discussions with Universities regarding their demand are also encouraging and we expect rental growth for 2012/13 to be at a similar level to this year.

...

Applications to study at UK Universities in 2011/12 increased by 1.2% above 2010/11 levels, with 208,000 applicants unable to obtain a place at University this year, underlining the continued strength of demand for places. The introduction of higher tuition fees in 2012 is likely to cause a small reduction in applications next year, with most commentators estimating a headline drop of between 5% and 10%. However, UNITE does not anticipate a reduction in actual student numbers, nor in the number of students requiring good quality purpose built accommodation, as the significant demand/supply imbalance still persists throughout the UK's main university cities. The Group is also closely aligned with the UK's stronger Universities, where demand is expected to remain high.

UCAS recently announced a drop of around 9% in early applications for 2012 courses. Given that there are very few courses with early deadlines (principally Oxbridge and medicine and veterinary science degrees) and approximately thirty Universities still have yet to confirm their final fee levels, we do not consider this likely to be representative of the final position. The data also indicates that reductions relate to groups not aligned with UNITE's customer base, such as mature students. However, even a total reduction in applications of this level for the full year would still leave approximately 145,000 students unable to secure a university place."

[honiton] 11/11/2011 17:56

Yes, distinct focus needed. Wembly and Greenwich are just fine as a core business proposition.

Newas flow a bit poor at the moment.

[quepassa] 11/11/2011 09:32

The exit from regional activity was already well flagged.

QED want to be London-centric and Fund Management-oriented so getting rid of regional development activity was part of the plan. Bio-Regional hardly got a mention in the 2011 Anuual Report. This is what the 2011 Annual report says on Page 26,

QUOTE

OPERATIONAL REVIEW

Regional Activities

In Urban regeneration, we have a legacy of regional activities, which we are planning to exit as and when it makes business and financial sense to do so.

UNQUOTE

so it is good but hardly surprising to see that QED are carrying out their plan.

It also helps tidy up the hitherto sometimes messy corporate structure of QED into the three more easily identifiable/splittable/saleable core units of Wembley, Greenwich and Fund management.

I agree with some comments above that management is stale.

ALL IMO. DYOR.

QP

[scburbs] 11/11/2011 08:56

Listen Warwick, I don't have time to get into this now. I am busy looking smug with Stephen Merchant.

[horndean eagle] 11/11/2011 08:24

I think its a step in the right direction. Personally I think we should get rid of everything bar Wembley and Greenwich. QED management seem to consider themselves in a far higher regard than they should. Anyone remember their grand plans for managing the city of the future in Portugal? I don't know why they even bothered announcing it. It was obvious from the beginning it wasn't going to happen. But to be taken in by it shows their sheer ineptitude.

[davidosh] 09/11/2011 12:32

wendsworth....60% premium ?? I hope not. I think most of us are bedding in for the long game here. Cannot see any party getting away with just 57p a share as a bid. Not with a NAV supposedly at more than double that. Laxey will just keep buying on weakness here but are clearly not going to chase it upwards. The rest of us need to be patient.

[wendsworth] 09/11/2011 11:36

red army : Precisely!

QED has been a frustrating hold BUT it's got the clear potential to be one of those shares where just when you've sold out a bid comes at a 60% + premium!

I've been a holder since January when Laxey bought their first tranche and will remain so until the takeover is realised or the share price recovers to near its NAV.

[red army] 09/11/2011 09:14

Standard Life has a good reputation in the industry and its property is looking quite solid which makes me wonder if they know something we don't.

[wendsworth] 07/11/2011 15:20

davidosh : Anyone is entitled to change their mind ....BUT.....for Standard life to reverse what has been a substantial sell-off..suggests to me and no doubt others that a positive move back up in the share price is likely. So...what prompted this change of policy ? QED recently featured on the Motley fool conviction buy list too!

[owenski] 07/11/2011 14:35

Have often noted Std. Life selling at bottom, I dont understand them just glad they dont handle my money.

[quepassa] 07/11/2011 13:44

Laxey have by far the largest stake in QED at 13.11% versus Caledonia at 10.63%.

Laxey have just recently further increased their stake from 12.55% on 6-10-11 to 13.11% as at to-day.




I agree that Standard Life upping their stake now is peculiar to say the least.

Based on the major way they have been selling down their stake in QED over an extended time-frame, to reverse their stance now and to start buying is hard to comprehend.

Perhaps it may or may not point to some event on the horizon which would seemingly have made Standard Life do a startling U-turn.

Below is a copy of my post 5407 dd. 6/10/11 which further explains the evolution of major shareholders and what Standard Life has/had been doing:-.


QUOTE :-


POST 5407 of 6/10/11

Evolution of Major Shareholdings in QED since May 2010


26th. May 2010

Caledonia 10.63%
Standard Life 8.61%
PGGM Fonds 5.39%
JPM Asset Man 4.83%
Taube Hodson 4.43%
Third Ave LLC 4.26%
L & G 4.07%


11th. May 2011

Caledonia 10.63%
Standard Life 5.99%
Laxey 5.89%
PGM 5.39%
Taube Hodson 5.55%
Third Ave LLC 4.25%
L & G 3.86%
JPM 3.30%

Yesterday (6-10-2011

Laxey 12.55%
Caledonia 10.63%
Taube Hodson 5.55%
PGM 5.4%
Third Ave 4.26
Standard Life 3.87%
L & G 3.86%
JPM 3.31%




Clearly, the selling by Standard Life is not having a beneficial affect. They have sold 2% or 11 million shares in just the last four months alone and some 5% over sixteen months. They were obviously selling on the back of the share price rise when Laxey increased its stake significantly in recent times.

One presumes perhaps that Standard Life will go sub 3% as a Notifiable Interest shortly and if this happens, it will be good to see the back of them.


This is whilst other major holders remain reasonably consistent and Laxey making enormous purchases.


UNQUOTE


ALL IMO. DYOR.

QP

[johnv] 07/11/2011 12:45

I though SL was selling a few months ago

[davidosh] 07/11/2011 11:08

wendsworth...Why should SL going to 4.6% suggest corporate action. Caledonia have the largest historical stake here and have a member on the Board. Laxey are generally aggressive and focussed on their investments and are building their stake to the level of Caledonia. SL are just bystanders or are you suggesting otherwise ?

[wendsworth] 07/11/2011 10:33

An interesting development with Standard Life now a buyer. Corporate action soon?

[ch4rles bronson] 04/11/2011 16:18

SL added 4.5m.

[targatarga] 03/11/2011 11:10

rogergreen - probably a shorters ring.... Pushing em low before going long imho

[rogergreen] 03/11/2011 10:16

which is ??