Quadrise Share Discussion Threads

[maiken] 04/11/2013 16:32

So we are back to the NAV as at Mar 2012.For a london focused,residential focused, geared,non dividend paying property co., that doesn't feel to me like a good return after 18+ months of a generous bull run in london residential property prices.
Someone more cynical than me might suggest their stated historical NAV was still substantially overvalued as recently as last year.I can only hope their stated NAV is finally cleaned up now but I'm not banking on it.

[davidosh] 04/11/2013 14:47

The presentation is available here...

[maiken] 04/11/2013 14:14

I'm disappointed in as much as I intuitively thought there was a lot more hidden value in Greenwich to come out for shareholders in the medium term than just the 7p a share short term uplift.
Frankly I would have thought such an uplift could have come about simply by applying house price levels in London now compared to the last valuation date.

I await the presentation with interest.

[badtime] 04/11/2013 13:30

Against that some of future profits from Greenwich taken now.. and no sharing in profits at Wembley

[darlocst] 04/11/2013 13:03

Increases NAV but surely reduces potential upside as total earnings pushed out further to future as Wembley residential development is at an earlier stage than Greenwich. Means less likely to cash in on London "bubble" prices.

Also means they have failed with what was surely their first choice plan of bringing in an investment partner to Wembley like they did with Greenwich so have had to sell out Greenwich to have enough capital to progress Wembley.

[kibes] 04/11/2013 12:59

Where is the upside from here though? They have sold off a major part of their future business.

[scottishfield] 04/11/2013 12:44

agree, alan@bj, big buy op here now imo.

[alan@bj] 04/11/2013 12:42

As a new shareholder in Quintain, this announcement looked very good news to me. surprised to see the shares down a little.

[quepassa] 04/11/2013 12:08

Whilst a surprise, on the face of it this would appear to be the most fantastic news for shareholders and also for Quintain.

An albatross is a beautiful bird.

But having two of them flapping around your neck simultaneously was always going to be one hell of a burden. In some ways, sad to see one of them released but it frees up the Company enormously to continue with vigour on its other major regeneration project, Wembley Park, as well as focusing on other perhaps more manageable London opportunities rather than a second major twenty year infrastructure type project at Greenwich.

The immediate boosts to Quintain are manifold and extremely positive:-

- In a wink of an eye, net debt will be reduced drastically from by some 52 per cent. from GBP443.6 million to GBP217.6 million, on a pro-forma basis at 31 March 2013.

- Due to the profit on the deal of £35million , the all-important NAV per share will immediately rise by 7pence per share, or 6.4%

- The Company will be repositioned. Poised for growth. De-leveraged, all of which should mean Quintain can/should start paying a shareholder dividend in the very near future in my view.



This is very positive news. The Company is now undoubtedly on a very stable footing, a highly undemanding and manageable debt level and a fresh new management team able to focus on other growth opportunities in the burgeoning London market.

ALL IMO. DYOR.

QP

[cockneyrebel] 04/11/2013 11:59

A seller was about imo - used the news to sell into imo.

Looks like an opportunity to get in cheaply ahead of the results in a few weeks perhaps?

All imo/dyor etc.

CR

[jlo10] 04/11/2013 11:55

And share price goes up for 5 mins then drops to 94?

[cockneyrebel] 04/11/2013 11:31

That is rather good imo :-)

CR

[jaws6] 04/11/2013 11:27

That is good news

[scburbs] 04/11/2013 11:24

£230m disposal of Greenwich for £34.6m above book value. I wasn't expecting that!

[davidosh] 31/10/2013 16:13

QED just missed the cut...read it all in full here....



You can enter your own top ten if you wish...

[petersinthemarket] 31/10/2013 14:12

Good medium term support line around 90-ish. Is it coming back this far. Looking for a good entry point but feeling a bit undecided. pete

[davidosh] 30/10/2013 10:12

Out of interest for those of you with QED in their to ten you may want to join in completing this ...

[r ball] 29/10/2013 17:23

£2 by June?

[quepassa] 29/10/2013 16:52

Yes. A block of 100,000 bought prior to closing at 100p.

Strong evidence of institutional buying.

ALL IMO. DYOR.

QP

[badtime] 29/10/2013 16:34

100p to buy closing sp

[scottishfield] 28/10/2013 18:17

good day here, should be a good un going fwd.

[cockneyrebel] 28/10/2013 10:17

Got to test this level on the chart before too long imo:

[jaws6] 28/10/2013 09:59

mreasygoing
I can not find new broker note,who is that 114 from,if you know name.
Thanks.

[mreasygoing] 28/10/2013 09:57

114 price target :)

[jaws6] 28/10/2013 09:48

traded above 100.5