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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Soverign Rev | LSE:SVN | London | Ordinary Share | GB0008467432 | ORD 50P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 192.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 192.00 | GBX |
Sovereign Reversions (SVN) Share Charts1 Year Sovereign Reversions Chart |
|
1 Month Sovereign Reversions Chart |
Intraday Sovereign Reversions Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/8/2010 | 20:48 | Sovereign Reversions -- good long-term prospects | 93 |
| 14/2/2007 | 12:48 | COMMENT | 5 |
| 12/7/2005 | 06:59 | sovereign reversions: maiden posting | 14 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 04/6/2010 12:59 by alan russell Well that's it done and dusted. 202p per share in August. Shame but I suppose a profit is a profit. |
Posted at 11/5/2010 14:19 by hedgehunter1 SVN, is being stolen because of certain instituations, wanting to take a quick profit after buying share when they were cheap. There is real discount value to be unlocked here slowly and surely, with prices recovering it seems the value of H+C is also going for free and it just starting to show value!Small shareholders should form a strong view and resist this offer! The portfolio, should be broken up and release value for shareholder that way if people want theri money back, but at least we would get closer to true NAV of say £2.45- ~£2.50 per share rather than £2.02. Lets hope a white knight arrives. |
Posted at 30/3/2010 07:34 by alanrussell From today's Times:Sovereign Reversions helps older people to convert the value of their homes into cash. Yesterday, however, investors spotted an opportunity to release some value from the company itself. Shares in the home equity release group rose 32½p to 155p after it said it had received a takeover approach. Grainger, Britain's largest listed residential landlord, admitted to being behind what both parties described as a preliminary approach. It envisages making a 185p-per-share cash offer, which would represent a premium of 51 per cent to Sovereign's closing price on Friday and would value the group at almost £31.4 million. Shares in Grainger were down ¼p at 135p. The approach would never have happened if a small army of individual shareholders in Sovereign had not chalked up a rare victory last year against a group of rebel investors, led by Harry Hill, chairman of Countrywide, the estate agency, and Peter Gordon, a former partner at 3i. They wanted to gain control of the company and gradually wind it up. Now it is chaired by Bob Wigley, the former Merrill Lynch banker, who also chairs Yell Group. |
Posted at 13/8/2008 12:52 by dorisken 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. |
Posted at 05/2/2008 11:39 by hedgehunter1 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. |
Posted at 25/1/2008 17:09 by cockneyrebel 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 |
Posted at 24/1/2008 16:46 by cockneyrebel 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 |
Posted at 21/1/2008 13:42 by cockneyrebel Looks like it was Milton Homes that bought that 350K last week then - and paid £3 a share.Why are they so keen to buy, paing all that over the market? I think we are in for a bid from these here: Same type of business, keen to get a stake and paying 300p a pop. CR |
Posted at 18/1/2008 16:00 by cockneyrebel I notice Pru and Norwich U are getting big on Equity Release lately, advertising a lot on TV - SVN a bid target from these two possibly, rather than Just Retire?CR |
Posted at 18/7/2007 13:53 by hedgehunter1 Been watching this little group, with interest over many years, and have too say am taking a slighly different view point for the following reasons.1. The group, now has admin expenses running at £1.9m a year, which has increased faster than the increase in the portfolio growth.Admit they bought H+C but this is a huge overhead for such a small Cap company, do they really need so much cost on such a passive business? 2. The share holder have been diluted by the raising of the £3.5 equity, which has not been deployed, and if anything PIC must feel pretty hacked off at putting in £3.5m equity now worth £3.4m after a year. 3. Profits are all through valuation upside assumptions, and portfolio has not been inspected fully. 4. SVN being out bid by Grainger and Bridgewater time and again. 5. Bank debt has doubled, and they have hardly bought any property? 6. If the value of the asset is nearly £484.5p per share VP, sell at say 80% discount for the premium as quoted in accounts they mention, less tax treatment, you get back to current share price. How do you get a decent total return, as it doesn't come from income stream. 7. What are the directors paying themselfes one wonders, in comparision to Grainger who is far larger. Be very interesting to hear what the cunning plan is at the AGM meeting. My view is cash flow is critical, and with rising interest rates, why increase debt, unless you can earn in way in excess in terms of total returns given market risks. Have to say have sold large volumes, and will be selling more, when possible. |
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