Quadrise Share Discussion Threads

[inki] 06/8/2013 08:40

Is it possible some were selling yesterday on Caledonia Investments having sold 1/5th of 1 percent of their 50million holding ?

[rochdae] 02/8/2013 21:15

Looks great though. Going much higher in this market.

[jaws6] 31/7/2013 08:44

double post

[jaws6] 31/7/2013 08:44

sco77harris
Hard to get live price on this QED1 bond till it is in crest .not sure why they done like this. All other property co had started in crest here.

[quepassa] 26/7/2013 14:32

For purposes of absolute clarity I have amended my post number 6189 that Quintain perhaps target in due course the bracket of the top UK 250 companies as judged by market cap.



In terms of what the indices constitute, I believe this is an accurate summary:-

FTSE 100 = 1-100

FTSE 250 = 101 -350

FTSE 350 = 1-350

FTSE Smallcap = 351 onwards


so any company in the range of 101 to 350 is both FTSE250 and FTSE 350.

(equally any company which is 1-100 is FTSE 100 and FTSE 350 but not FTSE 250)


The ground rules from the LSE. Section 5 refers:-




Good to be talking about the likely prospects for Quintain of advancing onwards and upwards through the indeces.

ALL IMO. DYOR.

QP

[jaws6] 26/7/2013 13:32

sco77h
Bond is not in crest yet so be carfull on paying more charges and you have to sell there in Euroclear too, if you buy there.

[sco77harris] 26/7/2013 10:47

The bond is already trading above par

And yes FTSE250+100 is the 350, so we will be FTSE 350 but in the FTSE 250 :)

[nil desperandum] 26/7/2013 06:53

I think the FTSE350 is just FTSE100+FTSE250 (i.e. 100 is top 100, but 250 is next 250 after 100)

The FTSE 350 Index index is a market capitalisation weighted stock market index incorporating the largest 350 companies by capitalisation which have their primary listing on the London Stock Exchange. It is a combination of the FTSE 100 Index of the largest 100 companies and the FTSE 250 Index of the next largest 250. See the articles about those indices for lists of the constituents of the FTSE 350.

[quepassa] 26/7/2013 00:10

It depends which analytics you use and which tables and who compiles the tables.

I prefer to hear it straight from the horse's mouth.

I have used the London Stock Exchange tables. I prefer this to other sites for official FTSE rankings.

The London Stock Exchange does not list Quintain as a 350 stock. The London Stock Exchange does list Quintain as an FTSE Small Cap.

Please check these for yourself at the LSE:-



Let's hope that by the next official rankings review date in September that Quintain does gain entry to the FTSE 350.

ALL IMO. DYOR.

QP

[sco77harris] 25/7/2013 23:06

it is already ftse small cap

hxxp://www.stockchallenge.co.uk/ftse.php

it will go into the 250 if it reaches about 550 million

[quepassa] 25/7/2013 18:11

The Market Cap of Quintain has now recovered to a very respectable £470million or so from a low base.


Chairman Rucker has stated in the latest Annual Report that Quintain aspire to FTSE 350 membership which currently necessitates a market cap of around £580 million.

In my view, these aspirations will be met in the ( very) near future.

If the price target of 104p given recently by highly respected Panmure who just initiated coverage on QED is met, that would take us to around £540million which is within spitting distance of FTSE 350 territory.

Given the current strong momentum which is building within Quintain, the increasingly favourable and positive macro backdrop for the London housing market, strong figures being produced by almost all London-centric property including sector bellweather British Land yesterday in their very strong results, my belief is that this share will continue to outperform.

Whilst it is taking a view on future profitability and upgrades to asset values, my own personal share price target for Quintain is higher than that of Panmure. My own personal target is 120p+ by year end/early 2014.


I would encourage Chairman Rucker and his Board to countenance higher aspirations in due course beyond the FTSE 350 and create specific corporate strategies to target and join the Top UK 250 companies by market cap within the next few short years which currently necessitates an entry ticket in market cap terms of about one £billion, approximately double Quintain's to-day's figure.


With fair sectoral winds and a team of the ilk of James, Kempner and Stearn under the increasingly impressive stewardship of Chairman Rucker, this is absolutely achievable in my opinion.


ALL IMO. DYOR.


QP

[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