Quadrise Share Discussion Threads

[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.

[r ball] 10/12/2013 12:09

100p is too obvious a trigger level that surely it would be 99.9 or 100.2 or the such like.

PS: licking my wounds from IOM today.

[quepassa] 10/12/2013 11:26

The very important 100p psychological level and resistance barrier have now both been breached, with the share price up to 102p.

This is excellent market news.

100p will have been an obvious trigger level for limit / programmed trades and also a trigger level for break-out indicators.

The share will in my view be open to move more freely now.

Market cap now also clear of the £half-billion mark which will additionally foster and bring more institutional interest.


ALL IMO. DYOR.

QP

[r ball] 06/12/2013 18:04

Is it me or is BKG a kind of proxy QED.

PS: I hold both.

[quepassa] 06/12/2013 11:08

Post 6353 refers.

QP

[jaws6] 05/12/2013 16:36

auction price to close at 97.25 ???

[jaws6] 26/11/2013 07:42

Today's CLDN news says they hold some QED.
Been talked in few papers.

[cockneyrebel] 25/11/2013 18:49

Cheapest it's been to NAV in a while imo.

Rallies at the most unexpected times tho imo.

CR

[quepassa] 25/11/2013 18:45

A few weeks back the discount to NAV had narrowed to less than around 4%.
( share price of 99/100p versus NAV of 104p ).

The Discount (proforma) has recently widened again to something like 16% ( share price of 94p vesus proforma NAV of 112p).

However, whilst some of the excitement associated with co-owning the Greenwich development may have gone, the Company itself is vastly stronger and is in a great position to motor forward with low gearing which is down from £452million to a comfortable £175m

There are plenty of other things to be excited about at Quintain.

Personally, I do not believe that this unduly generous discount to NAV will linger for very long.

ALL IMO. DYOR.

QP

[quepassa] 25/11/2013 16:16

It appears that one lady analyst at today's Interims posed a question during the Q&A about any plans for a resumption of shareholder dividends/yield following the Greenwich sale.

Apparently Max James, Quintain's excellent and dynamic CEO, answered to the effect that they had only just received the Greenwich moneys last Friday and would think over the next six months about what returns to give to shareholders.

That could of course be nothing.....then again......

However, it is not unencouraging in my opinion that the CEO appears to have said they would be thinking about this.

2014 is just round the corner. And the long-stated Corporate objective/strategy of returning to a dividend paying business model cannot now be too far away in my view.

Certainly the vast majority of the peer group against whom Quintain measure themselves for performance criteria are already paying shareholder dividends.

ALL IMO. DYOR.

QP

[scottishfield] 25/11/2013 14:49

tks alan@bj