Quadrise Share Discussion Threads

[maddox] 30/1/2014 17:00

Yep, as I said - buying opportunity. Cheers Maddox

[quepassa] 30/1/2014 10:04

Yes, but they have been talking about returning to an income paying model for so long now. Years, in fact.

It's a bit like waiting for Godot.......after watching that dreadful play for three hours and full of expectation ...he still doesn't turn up.

Many other property stocks have been increasing dividends slowly. Quintain aren't even at the starting blocks.

On page 61 of their 12/13 Annual Report, Quintain give a lengthy list of Comparator property companies which they judge themselves against for performance criteria. The vast majority (if not all)are all income/dividend payers and Quintain stand out like a sore thumb as having no dividend.

If I find a few moments, I'll post Quintain's Comparator list with some research into the dividends of the property companies on that list.

A bit embarrassing really.

If so many other property companies can pay a dividend, it is weak in my view that Quintain don't and this reflects poorly on the company which otherwise is now getting a lot of things right.

And without doubt, the lack of any dividend will continue to act as a big drag on the Quintain share price.

ALL IMO. DYOR.
QP

[maddox] 30/1/2014 09:32

On the otherhand QuePassa, this is thus a buying opportunity ahead of the decision to reinstate a dividend. As you say the transformation of the financial risk profile of the business makes this decision inevitable. The only rationale for withholding this decision is the better use of the capital to take advantage of a buoyant market and strong prices.

Cheers Maddox

[quepassa] 30/1/2014 09:23

Quintain have made a remarkable corporate turn-around over the last year. Their financial position is strong. Management is good with a highly regarded Chief Executive. Their core London market is performing exceptionally.

The potential is great for this share.

However, the lack of any dividend (for around 5 years now) will continue to act as a major drag on the share price.

The on-going lack of any dividend whatsoever will and continues to hinder Quintain greatly in achieving its full potential as a rated property stock.

ALL IMO. DYOR.
QP

[purple boots] 29/1/2014 09:47

Decision time, will this break 100 or retrace. IMS last year 6th Feb so not long to find out.

[quepassa] 28/1/2014 08:27

Stunning full-year figures from house-builder Crest Nicholson today. PBT up 40%.

This is an extract from their RNS today:-

Commenting on today's statement, Stephen Stone, Chief Executive of Crest Nicholson said:

"These are an excellent set of results, which cap an exciting year for Crest Nicholson, in which the business returned to the public markets. Our extensive land bank has enabled us to deliver strong growth in volumes, bringing many more families into home ownership, whilst continuing to drive good returns for our investors. We are pleased to mark our return as a listed company by declaring a final dividend.

Government initiatives to assist purchasers in buying a new home have undoubtedly stimulated activity in the industry and we are playing our part by increasing production where possible. Private home completions were up 35% over the year and we took almost 600 reservations under the 'Help to Buy' scheme. Improving sentiment in the housing market and beyond along with an excellent pipeline of future projects across the southern half of England gives the Board great confidence in the outlook for the business."


Let's hope that all this very bullish sectoral backdrop feeds through to Quintain's figures who in my view need to bite the bullet and this year start paying a long-awaited and long-overdue shareholder dividend.

ALL IMO. DYOR.

QP

[quepassa] 22/1/2014 08:35

Strong figures today from London-focused big brother Land Securities in their Q3 IMS.

Extract from Land Securities IMS:-

Commenting on the quarter, Land Securities' Chief Executive Robert Noel said:

"In retail, there is continued demand for good locations as evidenced by the increased occupancy levels in our properties and, in particular, there is strong demand in food and beverage. In central London, we have seen occupier demand increase further. This, combined with a constrained supply of high quality, technically resilient space, means our significant committed programme of speculative developments is well placed."



Strong sector back-drop continues which bodes well for other London-focused players.

ALL IMO. DYOR.
QP

[quepassa] 21/1/2014 08:02

Boom in London residential property market.

Daily Mail headline:-

'Strongest start to the year ever recorded': House prices soar in January as thousands of homeowners 'take their lives off hold'



ALL IMO. DYOR.
QP

[quepassa] 20/1/2014 16:05

Now that Quintain PLC have apparently and quietly dropped the " Estates and Development" bit from their corporate name, their LSE ticker of QED looks strange.

It would appear that the LSE tickers of QTN or, even better, QP. are not taken.

ALL IMO. DYOR.
QP

[scburbs] 20/1/2014 10:20

Looks like a another good deal for the QED managed WELPUT, £60m to £90m in 3.5 years. QED may be due some performance fees from WELPUT.

"Indian developer to pay £90m for Midtown site to create 148 flats.

Indian developer Lodha is in talks to buy Schroders' West End of London Property Unit Trust's (WELPUT) New Court site on Carey Street ...

...

WELPUT, which is managed by Schroders and advised by Grafton Advisors, bought New Court out of Simon Halabi's White Tower portfolio in June 2010 for £60m."

Source: Property Week

[quepassa] 16/1/2014 08:18

Very strong Trading Update from Bovis Homes this morning.

Bodes well for Quintain and their build-out of residential units at Wembley.

Highly buoyant sector outlook from Bovis.

This is a self-explanatory extract from their statement:-

QUOTE

"The combined effect of the strong forward order book, the expected growth in active sales outlets and an improving average sales price will enable the Group to continue to drive revenue growth, assuming stable market conditions. With improving profit margins, the Group's profits and ROCE are both expected to show further strong improvement in 2014.

Commenting, David Ritchie, Chief Executive of Bovis Homes, said:

"2013 was another successful year for Bovis Homes. We delivered significant growth in profits and returns as a result of our continued strategy of growth through investment in high quality consented and strategic land. Our forward order book is in its best position for many years.

"With further increases in active sales outlets supported by ongoing assertive land buying, the Group is confident of its future prospects and ability to deliver further significant improvement in returns."

UNQUOTE


Increases in housing activity and growth in house prices are now evident across the board and should feed through to Quintain's consented property valuations.

ALL IMO. DYOR.

QP

[quepassa] 10/1/2014 11:27

London Designer Centre now passes the milestone of 1 million shoppers.

That's good. And many more of the remaining units have been taken up.

Article in the local rag refers:-



James Saunders, COO, says;-

"The year ahead will see the transformation continue as we focus on bringing exciting new attractions and improvements to the public spaces and construction begins on the new residential district located at the heart of Wembley Park."


Quintain need to hurry up and start advertising the LDO much more effectively.

They are recruiting for a dedicated LDO marketing manager and should not be shy to pay top dollar for a high calibre candidate. A mediocre salary would attract a mediocre candidate.


ALL IMO. DYOR.

QP

[r ball] 06/1/2014 17:38

BKG doing well today. ps: I'm a holder (having averaged up on four occasions).

[badtime] 06/1/2014 17:04

3rd time lucky then

[quepassa] 06/1/2014 16:28

The share price has already hit 100p twice in the last couple of weeks.

But both times has fallen back by a few pence.

The third assault on 100p looks imminent.

With the growing confidence of the housing market, such low interest rates on mortgages and savings rates, and the strong re-emergence of the first-time buyer, the back-drop for de-geared and re-aligned Quintain and its share price continue to look very favourable.

ALL IMO. DYOR.

QP

[alan@bj] 27/12/2013 16:29

Press tip coming??

[r ball] 27/12/2013 16:25

hmmm. not to sure what to make of this given that volumes are quite low .

[badtime] 27/12/2013 15:34

Having another go at 100p

[scburbs] 12/12/2013 11:49

It must help when the planning meeting is held in the Civic Centre right by the site!

[scburbs] 12/12/2013 11:43

"Quintain gains Wembley consent
12 December 2013 | By David Hatcher

Quintain has received planning consent for 475 new homes at its Wembley Park scheme."

hxxp://www.propertyweek.com/5064900.article?origin=PWbreakingnews

hxxp://www.quintain.co.uk/~/media/Files/Q/Quintain/press-release/2013/12-12-2013.pdf

[quepassa] 10/12/2013 14:59

Has the price on QED ever reached a new high without a little back-flow soon after?

The important thing is that the 100p has been breached. There is no longer a barrier when the next tide starts flowing. Soon.

The 100p is the trigger for today's volumes

ALL IMO. DYOR.

QP

[badtime] 10/12/2013 14:33

And the share price dips back below the 100p lol

[r ball] 10/12/2013 12:33

story remains compelling.

[quepassa] 10/12/2013 12:23

splitting hairs? yes you are probably right. but I hope my message got the main thrust of the point across in the clearest way.