Quadrise Share Discussion Threads

[sco77harris] 25/7/2013 11:59

If I can get 87p I will probably add as that will now be a solid level for price support.

[sco77harris] 25/7/2013 09:08

Panmure Gordon initiated coverage on London property owner Quintain Estates (QED) with a "buy" recommendation and 104p target price. The broker believes that Quintain Estates offers investors exposure to London residential and commercial real estate development and investment at a significant discount to NAV (104p per share). Panmure is also impressed with Quintain's management team, arguing that it is creating major new sources of income and managing income transition, while progressing both Wembley and its fully-funded Greenwich development. The shares were up by 4.5p at 90.5p.

[sco77harris] 25/7/2013 01:27

Maddox

Agreed, new builds especially getting some high prices simply thanks to the help to buy, new build premium seems to be close to 20% which is ludicrous.

If they can get them built ASAP there is a big upside to the NAV imo.

[maddox] 25/7/2013 00:02

Quintain with its debt situation now transformed has become a very attractive proposition. As a recovery play it's trading at an attractive price to NAV and has remarkable transparency of future value creation - probably a 20 year build-out horizon.

The London residential sector is under supplied, being further buoyed up by foreign investors, and now the UK Govt. Thus the short-term prospects look underwritten. Then with a de-leveraged balance sheet Quintain should have the strength to deliver value growth whatever turbulence might be thrown up in future years.

With a sound strategy and impressive management team - Quintain has ticks in a lot of boxes.

Regards, Maddox

[scburbs] 24/7/2013 20:51

Slowly waking up to the fact that London resi plays with huge development pipelines should not be trading at a discount to NAV!

With LDO largely done, QED will become virtually London resi only for a while (from a new development perspective). With the longer term debt in place they need to get on with it and start showing some of those juicy London resi development margins to shareholders.

[sco77harris] 24/7/2013 19:18

If share price gets to about 110p we could be looking at ftse 250 entry, we have until september to that

[sco77harris] 24/7/2013 15:38

do you have a link?

[jaws6] 24/7/2013 13:23

Now Panmure note out on Dow jones report

[jaws6] 24/7/2013 11:53

That will be nice.

[sco77harris] 24/7/2013 10:45

through resistance, on to 100p

[jaws6] 24/7/2013 10:21

QP
plus in link above it says 2 insiders bought at 88 with that target too ?
trying to get full note

[quepassa] 24/7/2013 09:23

YES, ACCORDING TO CANTOR,

PANMURE GIVE A BUY RATING ON QUINTAIN WITH A PRICE TARGET of 104p.

YES, 104p

ALL IMO. DYOR.

QP

[jaws6] 24/7/2013 08:57

sco7harris
I can read only headline here in middle with buy one line -
hxxp://cantorcapital.blogspot.co.uk/2013/07/day-ahead_24.html

[jaws6] 24/7/2013 08:41

will post if I get link

[sco77harris] 24/7/2013 08:36

Nope would be interested to see if you get a copy.

[jaws6] 24/7/2013 08:11

any one seen new panmure buy note on this ?I am waiting to get it

[sco77harris] 23/7/2013 09:39

if we can close above 87/88 that means we are through resistance and should move into the 90's

[quepassa] 23/7/2013 08:41

Why the heck did they release the 5 important RNS announcements after hours yesterday?

In my experience, Director Buying or acquiring shares/options is a very positive event and is well suited to being released during market hours.

For those who didn't read them, these very positive RNS announcements detailed inter alia:-

1. Massive support for all resolutions at the AGM from votes counted.
2. Kempner acquiring 242,455 shares in Quintain
3. The following nil-cost share option awards being granted to the top team

Max James c. 540,000 share options
Kempner c.380,000 options
Stearn c. 297,000 options

AT AN EXERCISE PRICE (aggregate) of 100p . - subject to certain timing parameters.

In my view, we will hit the 100p sooner rather than later. And the top team have every motive to want to make that happen, including financial motive. That is good.

I also believe that the current discount to NAV will now be swiftly and fully eroded away as the market further appreciates the true worth of the Wembley and Greenwich developments, their upside potential in the current rampant London housing market, and motivation of the excellent management team under Max James which is already making such remarkable progress.

ALL IMO. DYOR.

QP

[r ball] 23/7/2013 07:28

I hate buy backs. they have a habit of increasing eps (to which remuneration is sometimes linked) for little effort. BSy has been doing this for the past year+. I would prefer them to repay debt/accelerate development or pay a dividend. although the latter is unlikely given loan covenants. as expected the AGM did not reveal anything new. expect to see trading range jump up to 90p-£1 before Xmas.

[sco77harris] 22/7/2013 22:49

Seems fairly positive.

I saw they approved share buy backs, is this on the cards because it would make sense trading below NAV and also be great for us.

Also I noticed the director share schemes which involves them investing their own funds, again seems positive for us holders.

[jaws6] 22/7/2013 20:44

Few RNS out after close.

AGM few points-
net debt down to 444 million
they will try to sell lease hold and keep freehold - on Q &A
There was question on over pay,nav down then last 6 years ,divi.

Nigel did talk about unit trust called West end ,with minimum 100 k was doing good.
they did talk on Quercus.
they did sum up few things but most on what they said last time . and looks good being in prime area.
Bond deal will help and result coming on 7 Aug.
NAV will see upside from new price increase I think.
Good talk on future plan what they planning , but nice to see few things again how they coming up.Civic center and car park area looks bit big now.
I like their wedding garden idea,Might be money making with some huge wedding there.

[sco77harris] 22/7/2013 19:24

Any news from the AGM?