Quadrise Share Discussion Threads

[m.t.glass] 12/7/2013 08:23

- and another significant planning approval..

[sco77harris] 11/7/2013 08:49

Great day for the markets, maybe we can get a 90p today.

[sco77harris] 10/7/2013 17:24

I think that but haven't been the buyer of all those :P

[aberdare] 10/7/2013 16:57

2 days on the trot someone have picked up over 100000 at 87.5 after the bell.
interesting someone thinks these are going to go over £1 soon

[scburbs] 10/7/2013 10:25

All development on the peninsula is good news for QED.

"Morgan Stanley's Real Estate Investing has partnered with Barratt to build 770 homes close to the O2 in Greenwich.

...

Construction on the residential element of the site, which includes 134 affordable homes, will begin in the autumn."

hxxp://www.egi.co.uk/news/article.aspx?id=769525

[sco77harris] 09/7/2013 18:29

Uncrossing trade is showing 87.5

[sco77harris] 09/7/2013 14:24

I really like this site:

hxxp://www.stockchallenge.co.uk/ftse.php

At the current rate FTSE250 entry is not unfeasible.

[sco77harris] 09/7/2013 11:44

Looking forward to more good news hopefully, maybe one more tick up before the AGM, that would be nice

[r ball] 08/7/2013 14:19

New high. Nothing to dislike (apart of overheads of Mayfair offices - but they should be able to assign the lease).

[quepassa] 08/7/2013 08:13

Further CONCRETE and TANGIBLE evidence about gathering strength of UK housing market.

Extract from Bovis Homes Trading Update today:-


Market conditions

Even though the general economic background remains challenging, the housing market has shown signs of strong improvement. Consumers are increasingly able to access mortgage finance and the launch of the Help to Buy shared equity scheme, replacing FirstBuy, has had a positive effect on customers' confidence to buy a home and their ability to transact. These positive effects are expected to support greater activity in the new homes market, which in turn will provide an impetus to the number of new homes built. The Group continues to view positively the Government's initiatives to support the housebuilding sector.



Full text of Bovis Homes RNS available on Bovis website and elsewhere.

A rising tide lifts all boats including the one named Quintain.

Additionally the flood of overseas money chasing high-end flats, like Quintain's developments at Greenwich, continues unabated.

ALL IMO. DYOR.

QP

[r ball] 06/7/2013 21:08

there are loads. Almost all investment trusts trade at a discount to NAV.

Buying because of a discount always strikes me as a suckers gamble.

I have had more success when they trade at a premium. Usually because

premium = exceptionally good management.

discount = fact of life.

[sco77harris] 05/7/2013 00:02

Does anyone else know if there are any other prop cos trading at a discount to NAV on the FTSE indicies or are QED the only one?

[rochdae] 04/7/2013 16:16

Going back to the glory days imo...

[quepassa] 03/7/2013 12:36

Long time since I have had much positive to say about Chairman Rucker but the new Quintain 2013 Incentive Plan which he has come up with to motivate, incentivise, focus, and drive forward his top management team is a real stunner and jaw-dropper of an incentivisation scheme in my view and experience.

If that doesn't light an enormous fire under their feet ( and the new team have already got off to a great start under Max James ), I don't know what will.

The Incentive Plan is due to be voted on at the Wembley Hilton 22nd July AGM and would certainly get my vote.

The management have a lot to gain personally now in share awards and salary payments - and good luck to them - if they can achieve the concrete goals and targets set out under the scheme. Encouraging to see that they will now have so much "skin in the game" and strong financial motivation to want to make Quintain perform strongly.

Appendix 3 of the AGM notice available on QED's web-site spells out the necessary performance criteria and goals.




Investors can take major comfort in my view that some of the Incentive Plan performance measurement criteria for Max James and his team are specifically market and investor driven such as :-

- Close the gap between share price and NAV per share
- Ensure sector outperformance
- Determine, model and promulgate strategy to maximise value for shareholders and stakeholders


What a great scheme which I can only hope and imagine will be enthusiastically voted through later this month.

Well done Chairman Rucker.


ALL IMO. DYOR.

QP

[sco77harris] 03/7/2013 11:02

I was expecting a pull back today after a strong close but to be holding up in a weak day for the markets, must be a positive sign.

[quepassa] 03/7/2013 10:44

It did not go unnoticed in Quintain's 12/13 annual results that they managed to reduce admin costs over the year by almost one £million.

Max James states in his Chief's Exec's Statement that they expect to see a similar reduction in the 13/14 year.

Well done to Max James and Quintain management for this sign of good faith in listening to shareholder concerns about the need to reduce central costs.

ALL IMO. DYOR.

QP

[investoree] 02/7/2013 18:57

sco77harris we finally have a breakout from a triple/quadruple top with a 241,864 purchase @ 16.35. This time having reached break-even I will hold on hopefully for a decent profit instead of bailing out far too early which is my normal style - only time will tell but this does look rather promising.

[sco77harris] 02/7/2013 16:30

Im feeling 100p and ftse 250 re entry :)

[jazza] 02/7/2013 15:39

Trying again to make the next leg up..

[quepassa] 02/7/2013 15:30

Agreed.

The London Designer Outlet will be a knock-out success.

The new Brent Town Hall - Civic Centre is adjacent to the LDO.

The old Brent Town Hall in Wembley has been sold to the Lycee Francais and this is fully expected to up the game further for Wembley property with the "French School Effect" on property and demographics in the local area.

The following article refers:-




ALL IMO. DYOR.

QP

[sco77harris] 02/7/2013 12:48

Just taken a position here, wanted to a long time ago but it slipped my mind.

Anyone who lives in London will know that the company has two prime redevelopment projects, The LDO in Wembley will attracted a lot of wealthy shoppers from the NW region of London and in turn will boost the cache of the residential development which follows.

Although smalled than Westfield, that had a big impact on surrounding property values and I would expect a similar occurrence here.

The new MET Line trains are fully air conditioned and provide top transport links.

[quepassa] 02/7/2013 08:28

Very strong half-year figures from peer group building company, St. Modwen including market driven VALUATION GAINS.

St. Modwen increase dividend by 10% ( If Modwen can increase by 10%, Quintain need to start declaring a dividend )

Valuation gains in part driven by London portfolios.




Bodes well for Quintain's London portfolios and the growing likelihood in my opinion of early revaluation gains and increase in NAV.

ALL IMO. DYOR.

QP

[scburbs] 01/7/2013 10:19

Thanks QP, does look like potential good news.

If they can pick up 7 year debt at less than 5% then they should get it (even if it is more expensive than the current debt). Taking out longer term debt would give them greater flexibility on accelerating development without being forced into immature asset sales like the Hilton (key candidate to not sell prematurely being LDO).

"The bond, if it is pursued, is expected by the market to be issued on a term of around seven years at less than 5%, in line with other recent issues. It would be secured against its entire portfolio, rather than a single asset."

Source: Property Week

[quepassa] 28/6/2013 12:47

According to Property Week, Quintain are sizing up the bond market for £200m boost to reduce borrowings and extend debt terms





If this is the case, very positive news which would help push out maturities, diversify funding sources away from bank funding markets and further strengthen QED's balance sheet.


ALL IMO. DYOR.

QP

[quepassa] 20/6/2013 13:57

Yesterday's stunning results from London-centric house-builder Berkeley indicate a very strong London market with surging house/flat prices.

Once Quintain's Greenwich Peninsular pipeline of high-end flats directly opposite Canary Wharf start to come on stream, resulting development/sales profits may well be significantly higher in my view than built into their financial modelling forecasts and assumptions.

At some point,surely not too far away, there will be an inflexion where the land-bank valuations of Quintain's London sites start in my opinion to be revalued significantly to the upside.

ALL IMO. DYOR.

QP