Quadrise Share Discussion Threads

[richard xii] 23/5/2015 14:46

It is worthwhile viewing the two video presentations that were added to the Quintain website yesterday.A lot of the clutter in the portfolio has been sold recently and the group is now mainly focused on the Wembley development.On reflection I like the plan to buy some apartments for rent. Quintain will be able to set a high standard. High stamp duty and high price levels means more people will be renting and one Quintain slide shows this will occur at all income levels, not just at the bottom end as was the case a generation ago. And I am not aware of any other major company which is doing this, the market having been left to thrifty individuals in the recent past.

[alan@bj] 22/5/2015 17:02

Latest view from Investors Chronicle:-

Quintain has put the hours in and is ready to hit the pitch. After years in the corporate wilderness, the developer has pruned its property portfolio, reduced its debt, and come up with a strategy based on three complimentary business lines.
First, it wants to expand its portfolio of income-producing assets so that it is less reliant on lumpy development returns. Its portfolio is still dominated by assets around Wembley Park, notably the SSE Arena and the London Designer Outlet shopping centre. But it spent the year buying assets in other parts of London; these contributed rents of £4.1m.
Second, it builds and sells homes on its vast land holdings around Wembley. It is currently building out the first phase of a development around Wembley Park tube station, and has now sold 251 of the 284 homes for private ownership. Planning permission for phase two was achieved in February, and 70 of the 211 private homes are already sold at a higher price per square foot. The company has a pipeline that should deliver 1,200 further dwellings over four years.
Finally, Quintain is increasingly renting out homes, too. Its rental business, which was seeded with 141 apartments from the Wembley Park development last April, is expected to manage between 500 and 1,000 homes within five years.

Quintain’s shares are up 7 per cent on our latest buy tip (100p, 15 May 2014), but still trade at a healthy discount to forecast NAV. Its development land at Wembley was marked up 14 per cent last year, and given the shortage of mid-priced housing the capital, we see no reason why that can't continue. Buy.

[alan@bj] 22/5/2015 13:29

The results seem to have gone down a bomb at Wembley!

[jaws6] 22/5/2015 13:12

hxxp://www.sharesmagazine.co.uk/news/quintain-plots-housing-growth#.VV8dA1LRbp-

[jaws6] 22/5/2015 10:13

THEwheeliedealer
QED result is good but as said before by some posters in last few agm they are not doing few things .

David and others has tried in past to ask them on divi and there big bonus.
it has been said by few poster before and in agm ,Hope you seen that may be so not saying again here .
I have seen some good broker note with buys .
Big question for me why they still behind all other London property co to catch up ?
I still hold QED .

Qp
Tks for price target update.

[quepassa] 22/5/2015 10:10

So far today.

JPM Caz - REITERATE - OVERWEIGHT - PRICE TARGET 130p

Sanlam - REITERATE - BUY - PRICE TARGET 115p

Liberum - REITERATE - BUY - PRICE TARGET 135p



there may be more updates to come as the analyst results presentation started at 9am and some brokers may update later today .

ALL IMO>
DYOR.
QP

[quepassa] 19/5/2015 08:24

Great results today from BigBrother Land Securities.

Strong uplift in valuations. They appear very bullish on retail.

ALL IMO. DYOR.
QP

[richard xii] 17/5/2015 22:28

Good analysis wheeliedealer.Things will become clearer on Friday. My worry with QED is that the management fiddles around with too many projects for a company valued at only ten or so Shard apartments and takes out too much cash for their limited expertise and contribution.They even have to bring in partners to build blocks of flats at Wembley indicating they have insufficient expertise themselves.Now that the threat of a Miliband expropriation has passed skilled operators might decide to bid to access the Wembley assets and sell off most of the remaining clutter.

[thewheeliedealer] 17/5/2015 21:08

Hi all,

I topped up my QED a couple of days back - with Results on Friday I fancied a few more.

Done a quick Blog about it here with some thoughts on Valuation and Targets:



Hope it helps, wheelieD

[r ball] 14/5/2015 16:39

quite. all we need is a dividend payment. but I think this will be held back until the new FD has ha a chance to review.

[jaws6] 14/5/2015 14:53

at last new high for QED
go on

[sammu] 11/5/2015 11:24

Results due soon - 22nd May.

[quepassa] 11/5/2015 10:31

Welcome.

QP

[alan@bj] 11/5/2015 10:29

Thanks QuePassa, very encouraging.

[quepassa] 11/5/2015 10:01

Liberum Capital wade in today with a broker recommendation of INITIATE COVERAGE and a recommendation of BUY with TARGET PRICE at 135p


This is the status quo of current broker reco's:


Barclays OVERWEIGHT REITERATE TARGET 138p

JPM Caz OVERWEIGHT REITERATE TARGET 130p

Sanlam BUY REITERATE TARGET 115p

Liberum BUY INITIATE TARGET 135p



An astonishingly strong alignment of positive broker forecasts.


With a current share price of 99p,

JPM Caz see 31% upside

Barclays see 40% upside

Liberum see 36% upside



ALL IMO. DYOR.
QP

[quepassa] 11/5/2015 08:57

The Wembley Estate remains greatly undervalued and under-appreciated by the market.

ALL IMO. DYOR.
QP

[quepassa] 08/5/2015 09:23

Cameron plus Osborne plus Boris very stabilising and positive for UK and London property markets.


ALL IMO> DYOR.
QP

[scburbs] 29/4/2015 08:30

New JV is indicative of strong increase in PRS flat values on site (c.17%) and good increase in land values (39% per acre or perhaps a more realistic 10% per house).

JV1 (April 2014), 475 homes, QED paid £37.1m for 143 homes for PRS (£260k each)

"The Joint Venture will pay Quintain £22.7 million for the unserviced 2.5 acre plot ("NW01") and a further £9.5 million for future associated infrastructure: a total of £32.2 million."



JV2, 362 homes, QED paying £36.8m for 120 homes for PRS (£306k each)

"The joint venture will pay Quintain £19.0 million for the unserviced 1.5 acre plot ("Alto") and, separately, £8.0 million under an agreement for infrastructure to be delivered in the future: a total of £27.0 million."

[r ball] 25/4/2015 18:19

jam tomorrow company. what will the new FD bring? a dividend would be good. ps: I bought at 50p and 85p but fast running out of patience.

[scburbs] 22/4/2015 16:36

trytotakeiteasy,

Link to old document, but useful map on P16 shows you were the QED land is (no 5). In the books at around £10-11m. I think the planning relates to number 8 on the map.

hxxp://www.lcacc.org/archive/dlryr3monreport.pdf

[trytotakeiteasy] 22/4/2015 14:04

scburbs - I didn't even know they had anything there.. something like 70-80% of the asset value is at Wembley Park....

[scburbs] 22/4/2015 13:50

Good news for Quintain's Silvertown site which will benefit from this development.

"Plans for a £3.5bn development of an area of east London have been given the go-ahead."

[quepassa] 21/4/2015 13:41

Positive.

See QED web-site for full release today of which this is an extract:



Quintain appoints Matthew Slade as Managing Director of Wembley Park

Quintain has appointed Matthew Slade to the new role of Managing Director of Wembley Park. Matthew joins Quintain from Westfield Corporation, one of the world’s leading shopping centre companies, where he opened Westfield Stratford City and was General Manager during the London Olympics. His focus at Quintain will be to complete the transformation of Wembley Park into a world class retail and leisure destination,underpinning the substantial new residential neighbourhood that is beginning to take shape.



ALL IMO.DYOR.
QP

[scburbs] 20/4/2015 10:22

Tightening PRS yields will be helping the value of the Wembley PRS portfolio. A move of 125bps is a huge move for a single quarter (Q1 2015).

"In London, zones 3-6 improved the most over the quarter, with yields tightening by 125bps on prime stock and between 150 and 200bps on secondary stock."

Source: EGi