Retail Cb21 Discussion Threads

[jamiebyd] 09/1/2006 23:40

Property market may be slow in UK but excellent opportunities remain particularly in Eastern Europe. If I had 3 million to spend, i'm certain I could make a decent go of it so with the combined experience of these guys they should be laughing!

[rarther] 04/1/2006 15:02

it seems there is a Pamela Sinclair in the picture as well (ex holding in abraxus).

[rarther] 04/1/2006 14:58

" Abraxus Investments PLC
("Abraxus" or the "Company")
Share Holdings in Company


The Company was notified on 6 December 2005 that Mission Capital PLC is interested in 6,624,444 ordinary shares of 5 pence each in the Company (" Ordinary Shares"), registered in the name of Pershing Keen Nominees Limited, representing 19.23 per cent of the issued share capital of the Company."

It seems abraxus (AXU) is developing an 80-room hotel in central budpest. company only valued at £2m with about £1m in cash.

So mission know how to spot value... but aren't they being a bit obvious with a 20% interest in a public company? if anything i would buy lots of AXU because it seems clear from mission's strategy that they are going to try and acquire a controlling stake in AXU, draw attention to the assets then pawn the development off?

[wiganer] 04/1/2006 14:41

Emma Sinclair- daughter or wife?

[rarther] 04/1/2006 14:37

With only £3m to play with, i assume they mean 'someone's garden shed' when they refer to real estate acquisition?

[macsam] 11/12/2005 12:27

The company looks far to small to go anywhere in todays market.

[liarspoker] 06/12/2005 08:31

Another property investment play. With the property market being as it is the question is 'how far will Mission go ?'

Mission Capital (MCAP)
Sector: Real Estate
Market Cap: £5.32m Price: 6.25p

DYOR etc