Quadrise Share Discussion Threads

[alan@bj] 14/4/2014 15:36

40% above book value in fact. Looks good to me.

[scburbs] 14/4/2014 14:22

"Analysts at JPMorgan Cazenove said the transaction valued Quintain's residential land in Wembley at £9.1m an acre, well above its book value of £6.5m an acre."

[alan@bj] 14/4/2014 08:51

The Keystone joint venture looks a pretty decent one for Quintain in my view. What would the rents be on those 143 homes Quintain are retaining? An average £600 per month would gross £1m per annum - but I am not au fait with rents in that area.

[maiken] 14/4/2014 08:24

Quintain has been an interesting learning experience for me as a shareholder over the last 4 years.Although the shares have roughly doubled i tend to conclude they have disappointed, the stated NAV then was a massive lie [presumably necessary to maintain the existence of the co.at the time of the rights issue]and I would have been badly burnt had not the underlying market recovered so strongly..How else could a geared balance sheet and a london centric portfolio,in the most massive bull market/recovery in london residential and commercial, result in a steady annual decline in NAV until a couple of months ago ?

Intuitively,without researching,I would guess QED has been the worst performing of the London -based property/housebuilders since 2009.No doubt someone can point out a share that's done worse but i think the general point remains valid.

Looking forward,to me QED remains a punt on an unproven management growth strategy and the london residential market not being a bubble for another couple of years.

[jaws6] 11/4/2014 13:22

QP
Thanks for info.

[quepassa] 11/4/2014 13:16

Quintain sells naming rights for Wembley Arena. Ten year contract commencing 1st June.

Wembley Arena will now be known as The SSE Arena.

Contract suggested to be worth as much as £15million.

See Quintain web-site and go to Twitter tab.


Encouraging.

ALL IMO. DYOR.
QP

[alan@bj] 08/4/2014 08:07

Price affected by fears housing market overheating and incentives may be curtailed.

[high park] 07/4/2014 20:51

Afraid we've got a dead cross, although the 230 day SMA is rising in a straight line. Hope there is a better charter out there who can show that this is not bad news, and it is just a repeat of March and september.

[quepassa] 04/4/2014 09:42

with divi.

Might spike to 150p

!!

ALL IMO. DYOR.
QP

[jaws6] 04/4/2014 09:36

Hopefully next result on 23/5 will give them boost.

[high park] 04/4/2014 09:26

If QEDs results are as good as SBD's, the price will spike to 130.

No divi there either.

[quepassa] 04/4/2014 09:13

What would also light a fire under the sp, is if Quintain grasp the nettle and start paying a dividend.

The Board seriously need to discuss that at length prior to the May results.

Without a dividend, the share will continue in my view to trade at a discount to its NAV and to its peer-group.

However, it would appear to me highly unlikely that Quintain's real-estate assets haven't equally increased notably in value like the rest of the London property market over the last year.

Expecting to see some interesting upwards revaluations in their London property portfolios and, whilst disappointed at the ongoing lack of dividend which holds Quintain back, I personally keep faith that JPM Caz's Target Price of 130p is achievable in the near-term.

ALL IMO. DYOR.
QP

[jswjsw] 04/4/2014 08:39

Just added - NAV likely to be higher at results time. 130p not far away.

Also - no brainer - LSR - amazing news re sales, debt-reduction & distribution.

[jaws6] 02/4/2014 15:15

QP
I had it in email but did not see till your post.Just read it .
very good read ,says last ticket to Wembley ?

Thanks.

[quepassa] 02/4/2014 15:03

On 4th. March JPMorgan Caz. REITERATED its OVERWEIGHT recommendation on Quintain with an INCREASED PRICE TARGET from 110p to 130p.


Today, 2nd April, JPM Caz. again REITERATES its OVERWEIGHT recommendation on Quintain.


ALL IMO. DYOR.
QP

[scburbs] 01/4/2014 15:35

Should be good for the value of the land owned by QED.

"Plans unveiled for Silvertown Quays

Scheme comprises 7 million sq ft, including a commercial quarter and 2,500 homes"

hxxp://www.building.co.uk/news/plans-unveiled-for-silvertown-quays/5067621.article

[trytotakeiteasy] 01/4/2014 13:47

yes it is them but they are only marketing re-sales and rentals.... off-plan is being marketed by Savills.

[jaws6] 01/4/2014 11:45

I like virtual tour in your link..
Just ask them they good at reply.email will do. might get more link then this
hxxp://www.quintain.co.uk/our-businesses/london-development/wembley-park

[trytotakeiteasy] 01/4/2014 11:31

jaws6 - I found this before but I couldn't verify that it is Quintain's residential.

hxxp://www.wembleycity.co.uk

I suppose I have to give them a call to confirm it.

[jaws6] 01/4/2014 08:23

please google it.It is there with your question,so many to choose from there info.

[trytotakeiteasy] 31/3/2014 17:09

Anyone got the link to the UK sales site for Quintain's Wembley residential off-plan scheme?

[quepassa] 26/3/2014 14:22

Limited support for Quintain against a strengthening London property market.

The lack of dividend continues to be a big negative on this share which otherwise has a great story to tell and a very good management team.

ALL IMO. DYOR.
QP

[quepassa] 18/3/2014 12:07

Yes I think you have a point. It is not Bicester Village in terms of upmarket designers and does have a more mainstream roster of tenants. Quintain like to think of it as Regent Street compared to Bond Street. Some may think it is as nearer Oxford Street.



But still very much an outlet. And seemingly very popular and offering great prices.



Do remember that it has an enormous state-of-the-art cinema complex and an excellent array of restaurants - which are totally lacking at Bicester.



Good hybrid design - although I concur that perhaps if they glazed over the centre of the shopping mall by way of glass dome and perhaps the entrances as well, this may further add to the design/appeal of the LDO which can be a little shady/shadowy in the central mall.



But seems to be a good success so far. It is apparent however that the chattering classes are not chattering about the LDO as much as one might expect. I don't know if Quintain have yet recruited their new LDO marketing manager.



And they are undertaking a new branding exercise which is a very good initiative.







The new flats will further add to the appeal and the site has further enormous potential.



ALL IMO. DYOR.

QP