Quadrise Share Discussion Threads

[redartbmud] 29/11/2011 16:00

Broker up date.

Peel Hunt cuts target to 36p from 73p hold target rating kept.

Hardly a vote of confidence!

[davidosh] 29/11/2011 14:15

The gearing will be at its peak in the final results next June but the assets available for sale at that point will reduce it significantly from that point. I think the Hilton Hotel and student accommodation at Wembley should both be completed next Spring/Summer for example.

[dope007] 29/11/2011 12:57

Hopefully not when it is long maturity and they have assets to back it up.

[red army] 29/11/2011 12:27

Bank gearing from 60% to 79% would spook the market and depress price in these uncertain times of debt managment.

[valedo] 29/11/2011 10:57

even if you halve the nav for caution there's still plenty of reasonably safe upside short term!!

[dope007] 29/11/2011 10:52

Picked up some more in the ISA. Still ionly have a small amount in total but they are a store away for a few years job.

[owenski] 29/11/2011 10:19

I'm a bit suspicious of so called NAV's, balance sheet is better valuation tool.

[911man] 29/11/2011 10:02

I am in for more as well....

[kramch] 29/11/2011 09:42

Sounds very positive, Wembley Designer Outlet lettings progressing, more planning permissions, Greenwich resi to start H2 2012 and social housing reduced to 25%, de-gearing and most debt pushed out to 2016.

had to buy some more. 36p is less than 1/3 of NAV, crazy.

K.

[valedo] 29/11/2011 09:06

Property investment company Quintain Estates and Development PLC (QED.LN) Tuesday reported a pretax profit of GBP3.7 million for the first half of the year, and said that marked improvement in market conditions is unlikely during the second half of the year.

MAIN FACTS:
-Revenue for the six months ended Sept. 30 GBP24.2 million (2010: GBP23.7 million).
-Pretax profit GBP3.7 million (2010: loss GBP58.8 million).
-Basic net asset value per share 116 pence (2010: 112 pence).
-Earnings per share 0.8 pence (2010: loss 8.7 pence).
-Cash and cash equivalents GBP3.9 million (2010: GBP20.0 million).
-Net debt GBP533.7 million (March 31, 2010: GBP420.1 million).

[horndean eagle] 29/11/2011 08:57

They shouldn't bother building out the residential at Greenwich. Should just sell it on to Bellway. They can crack on with it and market it much better than QED will be able to.

[w1ndjammer] 29/11/2011 08:57

the 50 billion thames hub looks interesting,
right place at the right time for QED.
bought more this morning the increase in nav was the green light

WJ.

[brownie69] 29/11/2011 08:30

Good results. Looks very oversold.

Good topping up opportunity.

[mathisvale] 29/11/2011 08:29

Cash flow positive by 1st April 2012 - is this the Rubicon being crossed

[nigelpm] 29/11/2011 07:30

Lots to take from the RNS. Generally very positive.

NAV Up

Net Debt up due to expenditure on properties (as expected)

Admin Costs similar to prior 6 months.

Average debt costs reduced to 3.24%.

Most debt moved out to 2016.

[bene449] 29/11/2011 07:27

good news out

[hugepants] 28/11/2011 15:53

Interim results tomorrow.

[harry hedge funds] 28/11/2011 13:20

Still dumping these shares i see.

[scburbs] 25/11/2011 20:21

This development would be good news for the value of QED's interest in the Greenwich Peninsula.

"Greenwich'S 02 arena could become a designer shopping destination under plans being drawn up by owner Anschutz Entertainment Group.

The former Millenium Dome is now an established music venue drawing in eight million visitors a year, but Anschutz is keen to draw in more customers during the day with a 200,000 square foot "designer outlet village", Property Week reports.

The developer has joined forces with retail fund manager Pradera and is understood to be close to submitting an outline planning application after talks with Greenwich council.

...

Subject to planning consent, work is expected to start immediately after the 2012 Olympics, for a targeted opening in mid-2014."

[scburbs] 23/11/2011 16:24

These stores represent 6.2% of the 280,000 sq ft development.

"Nike has taken 9,182 sq ft on the ground floor of the centre, facing Wembley Stadium, while Gap has signed for an 8,235 sq ft store on the first floor.

...

George van Vugt, director of real estate and store construction at Nike EMEA, said: "Offering proximity to and association with one of the UK's most important sporting landmarks and a designer fashion retail focus, London Designer Outlet is a perfect fit for the Nike brand. We are extremely pleased to have signed up on such a prominent anchor unit in this world-class retail, leisure and lifestyle destination and look forward to opening with the outlet centre in 2013.""

Source: EGi

[scburbs] 23/11/2011 14:05

Property week confirming the sign up of some of the tenants rumoured in the Independent. Good to see some quality names starting to join the line up. As the pre-let percentage ramps up it should become easier to get the JV finished.

"Gap and Nike have signed up as the first anchor tenants for Quintain's London Designer Outlet in Wembley."

[smudgeroo] 23/11/2011 10:43

For any Elliott Wave subscribers out there, courtesy of navyan:

[quepassa] 22/11/2011 15:24

Excellent that Henderson, another well-regarded institutional investor has now notified the Company a major stake through shares and CFD's in QED with a holding in excess of 5%.

Henderson hitherto not listed by QED as a major shareholder so to move/increase to a stake of 5% + is an important event .

ALL IMO. DYOR.

QP

[davidosh] 22/11/2011 11:59

The sales have been mainly above book value though. Basically Laxey have turned the tap off for buying so sellers have no outlet. Most of my long term property and NAV plays are getting weaker so nothing necessarily just happening at QED. Funding is always going to be the problem that needs to be overcome if the big projects are to happen and on time.