Summit Properties Share Discussion Threads

[iqboeq903] 05/11/2023 09:02

to any wanting to sell, I offer 50p per share

[jaknife] 01/11/2023 11:08

^^ The last auction was at 100p!

[jaknife] 13/10/2023 16:35

It's not dead, it trades on Asset Match nowadays and you have to follow their own website for news:

[jezreel] 13/10/2023 16:15

I'd more or less written this one off in my mind as worthless. So I was surprised when a dividend suddenly appeared in my account in September. 8.1 cents per share, after three years of nothing. Definitely good news! No idea where it goes from here ....

[iqboeq903] 21/10/2022 09:44

interested in selling? seller at 50p

[mark20690] 06/9/2022 10:19

See also here: hxxps://www.summit-properties.com/downloads/2022-08-31_HY_2022_KPI_announcement.pdf. This suggests NAV is around EUR 3.10.

[mark20690] 06/9/2022 10:13

Would you mind letting us have the link to the Tel Aviv information that you are referring to?

[modewheel] 06/9/2022 09:46

Would I be correct based on todays Tel Aviv quote that the shares are worth approx. £15?

[phbatbjco] 03/8/2022 11:47

Asset match indicates latest result of share transactions, "In the auction that closed at 3pm on 26th July 2022, 6,950 shares traded at 85 pence per share." It appears to be one seller of 6950 shares

[phbatbjco] 03/8/2022 11:31

I'm hanging on in and waiting for a US listing😂. What do you know, iqboeq903, that we others don't?

[mark20690] 03/8/2022 11:01

Are you buying, and if so at which price?

[phbatbjco] 11/5/2022 23:55

Well possibly I suppose. At the moment the only exchange where anything is listed is the Tel Aviv Stock Exchange but that's hardly surprising given who the directors are. They are the 2 main executive directors and are CPA's which I believe is the US professional accountancy qualification, so a leaning towards a US listing could be a possibility.

[deltabase] 11/5/2022 23:35

Thanks for comment - maybe US listing is in the plan?

[phbatbjco] 11/5/2022 23:19

I noticed that on asset match the latest auction held of the shares appeared to indicate they were trading @ 80p on 26/4/22, having previously traded at 60p in Jan 22 and 40p in Oct 21. However these seem to be for fairly chunky holdings of approx 50k shares.

For comparison the NAV in the 31.12.21 accounts appears to be Euro 2.8325 per share or approx £2.43 per share. Even if one applied a 50% discount to NAV for a minority holding 80p seems very cheap. Who is buying these shares @ 80p then? The majority shareholder? Quietly topping up their holding at a huge discount?

Anyone made any recent contact with Liberum?