Sovereign Reversions Share Discussion Threads

[ianmcd] 19/10/2009 22:41

Sadly I sold mine from 260p down to 100p a year or so back (need a new floor in the house) so I have lost sight of them. But I may continue to keep an eye as a possible recovery.
I'm just not convinced that things will hold up once the QE ends, I think we're still in a bit of a false economy/govt bubble so I'm slow to rebuy anything.

[mikey34] 12/10/2009 08:51

Incredibly quiet thread....always a promising contrarian sign!!?

A good trading update today....divi to be resumed....things looking altogether better.This is currently below most radars.

[dorisken] 13/8/2008 13:52

simon - thanks for the link.

Interesting how this share has now started to move up having been surprisingly tardy in the day or two after John Lee wrote the article.

[mikey34] 06/8/2008 17:25

simon,

Delighted to see you here....have enjoyed reading some of your excellent posts elsewhere.

[simon gordon] 06/8/2008 13:11

Bill Miller:

[dorisken] 06/8/2008 13:02

I give in .... what's all Bill Miller mean please

[simon gordon] 04/8/2008 18:46

John Lee has been a brilliant Small Cap. selector but since the Credit Crunch he has gone all Bill Miller. I'm sure he'll get his mojo back!!

[dorisken] 04/8/2008 16:02

another positive piece in the weekend FT from J Lee who has added to his holding at 180p

[mikey34] 21/7/2008 09:35

Confirmation today that the credit crunch/housing mkt situation is a positive for this stock.

[mikey34] 14/7/2008 09:52

A very positive in depth article in the Sun Tel yesterday about this...suggests it is now well undervalued and could be taken out at a premium.

[richardly] 01/7/2008 22:21

Can someone please explain today's news release...? Thanks in advance...

[mikey34] 07/6/2008 23:42

FWIW, John Lee added again(FT today)"Uncertainties in the housing mkt should benefit this co.To add more stock at 238, at about half embedded(vacant possession) value was another "value" buy."

[ianmcd] 28/4/2008 21:01

Ouch! What happened today? 11% down.
I don't see any obvious news so maybe something more has been rumoured/leaked about poor resultts after March's statement about expecting 'depressed profis' for the year.

[hedgehunter1] 05/2/2008 11:39

Delancy, stake building. Paid £3 a share from an institution, trying to buy other chunks, when available.

We watch with interest. Delancy would want to see minimum of 60p profit, on equity, for starters, great that managment have such a loyal following.

[typo56] 03/2/2008 18:25

John Lee in the FT yesterday.

"I also added to home equity release specialists Sovereign Reversions at 275p, now 300p"

[cockneyrebel] 25/1/2008 17:09

Someone is trying to get a decent chunk but no sellers coming forward.

The tick up near the close doesn't seem to be showing a trade either so mm's marking up to fill a larger buy in the wings imo.

Nice buying when nobody appears interested but behind the scenes someone's very interested :-)

Those Milton Home as you say Magnerita look very interesting. Already done one merger. There's been a lot of director changes at Milton Homes towards the end of Dec - bit of a boardroom tussle regarding buying SVN? Directors walk then Milton buy 350K @ £3, 15% above market.

We'll see.

CR

[magnerita] 25/1/2008 16:44

very interesting. According to the Milton Homes website. The group has £100m in assets after their merger with Retirement Plus....


Sovereign Reversions has £73m in equity release assets at the end of October.

I am looking forward to the next newsflow!

[cambium] 25/1/2008 16:33

theres the £3

[cockneyrebel] 24/1/2008 16:46

Cheers Cambium, I noticed the warrants today.

I'm beginning to think these might be a reverse takeover target for Milton?

If you were Milton Homes and wanted to list on AIM how cheap and easy it would be to buy SVN instead, pick up a really cheap company and obtain a stock exchange listing?


I'd also like to know why these were marked up at the open - no delayed trade shown so I suspect the mm's were trying to get stock for a larger buy that never got filled.

CR

[cambium] 24/1/2008 16:12

Warrants up 16% today

[cambium] 24/1/2008 08:58

All I could get was the office was very busy and lots of meetings taking place, sorry

[cockneyrebel] 24/1/2008 08:39

On the up - check out - reckon there's more to those buys @ £3 than we know about.

CR

[cockneyrebel] 22/1/2008 13:14

Cheers Cambium, moving up today.

CR

[cambium] 21/1/2008 15:12

They are based in Maddox St in London, I am working in Maddox st on Wednesday, I'll see if can make a few enquiries.