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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| South African Property Opportunities | SAPO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.95 |
| Top Posts |
|---|
Posted at 03/11/2012 17:09 by mangal So, suddenly we have Ironsides holding 8%; who?"Ironsides manages the Ironsides Partners Opportunity Fund and an account for a multi-billion dollar hedge fund based in New York City. Robert Knapp, the managing director of Ironsides, is a director of the Africa Opportunity Fund Limited (LSE AIM: AOF) and its investment manager. Mr. Knapp is also the lead independent director of MVC Capital, Inc. (NYSE: MVC) and a director of the Pacific Alliance Asia Opportunity Fund Limited (LSE AIM: PAX). Ironsides also invests its own capital in strategic opportunities via Ironsides Holdings LLC and Ironsides Energy LLC." "Mr. Knapp is an asset value investor employing arbitrage, distressed opportunities and special situation strategies with a focus on closed end funds, holding companies and corporate restructurings... He previously served as a director of the Vietnam Opportunity Fund (LSE AIM: VOF)." Possibility of some action, soon? |
Posted at 27/9/2012 22:53 by mangal Standard Life & Weiss holding almost a third of the Co. They obviously see value here; not surprising really, as NAV is almost double the share price & the Co's strategy is to "sell the property assets and return capital to investors" |
Posted at 19/3/2012 13:09 by praipus I've got confusing info on QVT but they still appear on the SAPO website as holding 28.9% with Weiss's 22.5% they have control if they want it. |
Posted at 09/11/2010 10:27 by praipus and scroll down |
Posted at 31/8/2010 08:56 by kiwi2007 Shareholders oust management and sell assets - return money to shareholders - probable 30% p.a. return.There are few property companies that have delivered asset value growth over the last three years. Those that have been almost exclusively exposed to emerging markets and have been rewarded for this excellent outperformance with a substantial share price falls. Developed market property, long perceived as being safer, have experienced substantial asset value falls and share price outperformance. This is quite perverse. However, this does present opportunities for investors that can take advantage of these anomalies. We have built up a position in South African Property Opportunities alongside a number of like minded investors at discounts in excess of 60%. Shareholders have forced change on the fund over the last year with the original directors being removed, the managers changed and a strategic review implemented. The result of this review was announced last month and provides further clarity for the future of the fund. The portfolio has been divided into two with part to be realised in an orderly fashion over the next two years and the remainder being retained for further additional development prior to disposal over the next three years. These sales will allow for a phased return of capital to investors. The method of return - share buy backs, cash distributions or tenders - have yet to be decided. Assuming it takes the full three years to complete and only realising the current asset value, this would generate a 30% per annum return using the current share price. To date, there has been a modest discount narrowing which should accelerate. |
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