SA Property Opps Share Discussion Threads

[praipus] 22/7/2011 10:58

Just found this:
Date: Wednesday 30 Mar 2011

LONDON (ShareCast) - South African Property Opportunities (SAPO) has been ordered to pay more than £6m to its investment manager Proteus Property Partners.

Proteus claimed that it was owed performance fees and management fees.

The High Court has ruled in favour of Proteus in all material respects. SAPO has to pay £5.07m in performance and management fees, plus £360,000 for interest. SAPO also has to pay Proteus' costs, which will be at least £600,00.

SAPO reckons that the full amount payable could be as much as £6.4m.

[praipus] 21/7/2011 18:35

light weight

[badtime] 21/7/2011 18:10

I dumped a small holding ...mulling ovr a buy bak

[praipus] 21/7/2011 17:40

yeah, you?

[badtime] 21/7/2011 15:53

PRAPS u in on these?

[praipus] 21/7/2011 15:48

Principle Capital unloading a few Weiss taking a few.

[praipus] 12/4/2011 22:52

Half yearly report

[praipus] 13/1/2011 15:01

Weiss obviously liked my analysis and has bought some more

[praipus] 05/1/2011 14:16

Mention of buy backs and promptly returnng "surplus proceeds" to shareholders...

[praipus] 15/12/2010 10:10

If they wanted 1.5 or .5% of the/any return to share holders the executives should spend some of their salary step up and buy some shares shouldnt they?

£10m cash doing nothing. SAPO should give it back to shareholders before they loose any more IMHO.

Economic situation dreadfull and seemingly getting worse though blamed on the post world cup effect.

[praipus] 15/12/2010 10:07

No mention of share price discount to NAV.

Have you ever seen this in an annual report?

"Executive Directors' fees
The Executive Directors received annual basic salaries of (see annual report), increased to (see annual report) with effect from 1 October 2009.
Pursuant to the terms of their respective service agreements, Craig McMurray and John Chapman are entitled to incentive
payments of, respectively, 1.5 per cent. and 0.5 per cent. of (a) all sums distributed to shareholders, and (b) all net proceeds of
disposals which have not yet been distributed at the time of termination of their respective agreements. The agreements also
contain change of control provisions which, from the fourth anniversary of each executive's appointment, trigger payments of the
same percentages of any offer price if the Company is acquired. The fees due under the change of control provision are scaled
back by 25 per cent. each year if the change of control occurs prior to the fourth anniversary of each executive's appointment."

[praipus] 15/12/2010 09:15

your on I'll have a look now

[badtime] 14/12/2010 21:56

tesco value crisps? :)

[praipus] 14/12/2010 21:02

Whats it worth? As much as a "strategic review"? or just a packet of crisps?

[badtime] 14/12/2010 19:06

Ye noticed...like to do an indepth analysis of them and summarise on here?

:)

[praipus] 14/12/2010 14:32

Finals out

[badtime] 09/11/2010 18:13

Lol..ive not got tht many..hmm..might count them latr..all in my sipp though

[praipus] 09/11/2010 10:48

lol trying to keep up with you...are there any shares you dont own? QVT and Weiss also into PEQ and TIC.

[badtime] 09/11/2010 10:34

Cheers sapo..and we hav tht QVT fund in too.....didnt know u were in on these

[praipus] 09/11/2010 10:27

and scroll down

[badtime] 09/11/2010 10:24

Where do u c weiss mentioned?

[jambo172] 05/11/2010 10:13

Any idea who Weiss are.
Quick Google would suggest that they are hedge fund managers.

[badtime] 05/11/2010 09:19

Nice to c the spread narrowing

[badtime] 18/10/2010 20:29

Some large trades of late...anyone know how many shares in existence (excuse my laziness)