Songbird Estates Share Discussion Threads

[p@] 16/3/2010 08:24

Looks like the buyout is on its way!

[andrbea] 15/3/2010 12:46

49618 buy at 175p

[andrbea] 02/3/2010 12:35

sbd

135k trade today, at 1.6975 pounds a shot that's 229,162 pounds

maybe the stakebuilding has resumed (see post 48 on sbd thread)?

[andrbea] 17/2/2010 10:13

Feb 3

Songbird Estates rose 3.5 per cent to 169¾p amid rumours of stakebuilding. Evolution Securities started coverage of the property company, which owns most of Canary Wharf, with a "buy" recommendation and 185p target price.

"Songbird is a unique company in the sector," said Evolution. "It is a virtually pure play on central London offices with heavy exposure to financial markets."

Property agent Knight Frank said it expected office rents in the City to rise 19 per cent this year.

Some traders think Songbird could be a takeover target for overseas investors. The Qatar Investment Authority owns a 24 per cent holding.

[chinahere] 16/2/2010 17:02

A £9,144,033.58 buy today !

[high park] 12/2/2010 16:32

Bounced off the 50 day wMA.

[smartypants] 12/2/2010 11:36

Good to see my thread still going...not the most popular I see ?

[high park] 03/2/2010 16:39

Higher highs and higher lows, nice and steady.

[andrbea] 02/2/2010 18:51

up 3%

largest trades today:

02/02/10 09:23 165.0 629,435
02/02/10 09:23 165.0 477,770
02/02/10 09:23 165.0 125,000
02/02/10 15:53 168.5 91,448

629k = 1,038,567 pounds..

not loose change...

[high park] 02/2/2010 18:40

Up 6p on low volume. On 28 Jan up only 2p on (relatively) high volume, including two buys of 3 mill each. Up 8p on 4 Jan, can't trace volume back that far. Why these strong moves on a fraction of a percent of the shares in issue?

[p@] 13/1/2010 12:29

What do you think was the reason for the massive rights issue?

[number1] 12/1/2010 16:12

debt free???

[p@] 12/1/2010 12:20

N0.1-maybe you over rate the level of experience needed to control a debt free property Co. with ownership of the most prime property in the UK,how well did the previous management do?

[number1] 08/1/2010 09:02

Have you guys looked at the latest Directorate Change RNS - this company is being run by kids from Qatar...age of new directors 33, 32, 25! What chance has it got with this sort of experience???!!!

[p@] 06/1/2010 09:35

skippy13 - 28 Nov'09 - 13:34 - 27 of 36




intersting article. just a shame its in the daily mail. interesting that the chinese made a large purchase on the 26th nov. see rns.

[high park] 05/1/2010 21:59

Thanks for that chaps, but I imagine that all of the new major shareholders will similarly have directors on the Board. This lot is a bit young, especially the Sheikh, who became chairman of EFG-Hermes Qatar aged 21!

Would like to see the share price put on a few more pounds before a takeover. If the graph is to be believed, the shares once stood at £180, allowing for the right issue. Hard to believe, I thought the highest they were was £9, and stood at 33p when the rights issue was anounced. Then dropped to 1.5p and wiped out everybody's holding value.

[skippy13] 05/1/2010 19:18

look at the latest rns - three of the quatari's have just been appointed as directors. looks like a takeover could be on the cards.

[chinahere] 05/1/2010 17:12

Qatari takeover?

[high park] 05/1/2010 16:45

Well, the share price is making up for lost time, on a day when most of the big contracts were sells. Systematic selling, 12 lots of 10,000@165, after which the buying and selling was 50/50, lifting the price to 168.7.

Know of any reason, Smartypants?

[high park] 30/12/2009 13:06

How does the expression about drying paint go again?

[p@] 09/12/2009 11:25

SBD sells JP Morgan building.

[skippy13] 09/12/2009 07:45

some huge sells yesterday. something going on.

[skippy13] 29/11/2009 08:13

yeah, i agree. dailymail making things up as usual. they're worse than the sun.

[barniebear] 29/11/2009 08:03

skippy13

What a load of bullocks that article is Arab money is just another illusion!!BTW Have you noticed how quickly "Soverign Arab Funds "Exited barc???

[skippy13] 28/11/2009 13:34

intersting article. just a shame its in the daily mail. interesting that the chinese made a large purchase on the 26th nov. see rns.