Share Name Share Symbol Market Type Share ISIN Share Description
Tamar European Industrial Fund LSE:TEIF London Ordinary Share GB00B1CH3174 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 37.00p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 20.7 -1.1 -4.3 - 51.80

Tamar European Share Discussion Threads

Showing 326 to 348 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
04/1/2012
14:07
Just hope there aren't too many other properties in the portfolio with similar issues.
tiltonboy
28/12/2011
17:06
Urgh, I hate this new format for holdings announcements - clear as mud. (OK, it's no longer new, but I continue to hate it!) Am I reading it correctly that Rathbone Brothers PLC have reduced from above 5% down to 1.14%? (And yet somehow without making a transaction?!) On another newbie note, what exactly do they mean by the "initial yield" in the disposal announcements? Is it the calculated annual return on their original investment at that sale price? If so, before or after expected tax, and why "initial"?
stewjames
21/12/2011
16:11
More sales, rather small this time. Collapsing Euro won't be helping us much unfortunately. As to this comment - "The sale in Finland represents the successful continuation of the Nordic sales programme. Marketing efforts continue on the remaining assets although it is noticeable that the debt markets have deteriorated in the Nordic region, as with the rest of Europe, and this is likely to have a negative impact on pricing in 2012." Well, today's ECB action (E.470bn issued to all comers) will be providing some great liquidity for banks to loan into the refinancing Real Estate sector. Though I hear on Bloomberg that a lot of the cash is immediately going to Asia! If you're a bank, then a licence to print money yet again.
skyship
15/12/2011
11:01
If the board are NOT providing shareholder's with value replace them
praipus
15/12/2011
10:58
They shouldn't be incentivised to get the best price...it should be part of their job!!!
tiltonboy
15/12/2011
10:07
"...We are confident that the new fee structure will further strengthen the Company's prospects by acting as a strong incentive for the team to maximise returns to shareholders..." What a useless bunch. Look what they've done to the share price over the last few years. I guess they've not been incentivised enough.
hugepants
15/12/2011
08:40
I agree with HP. Anyone who makes a statement like this needs to be treated with suspicion. A supplement is often viewed as a small addition, but I doubt that is what they have in mind. Why are the terms not disclosed? Anything that links to NAV is entirely appropriate, anything that links to the current depressed share price entirely inappropriate. "supplemented by performance related fees which focus on the sale of the Nordic portfolio and the creation of value in the remaining assets and jurisdictions"
scburbs
15/12/2011
08:01
HP - I thought so at first glance, but it actually seems to be quite good news upon re-reading. Really no change; but a reaffirmation of the disposal strategy and a cap on management fees.
skyship
15/12/2011
07:23
sounds a bit dodgy this http://www.ukwire.com/Article.aspx?id=201112150700220160U
hugepants
13/12/2011
16:40
precisely - most aggravating!!!!!!!!!!!!
skyship
13/12/2011
16:10
and got stuffed in!
tiltonboy
13/12/2011
15:30
...and having been slightly better @ 29.75p Bid all morning, they've just raised the Bid to 30p. Bravo...
skyship
09/12/2011
11:48
Well, well, well - a Director share purchase - see Header. Perhaps only £10k, but hugely significant in my book...
skyship
08/12/2011
20:18
Although the company has not made any announcement about the final dividend, I was rather hoping that it will be higher than the interim dividend of 0.75p, putting the shares on a prospective yield rather above 5%. In the original Admission to Trading document in 2006 the then Kenmore European Industrial Fund said: * The Company aims to pay its Shareholders dividends which it intends will provide an initial target annualised gross dividend yield of 6 per cent. on the 100 pence issue price. But, of course, that was quite some while ago...
swiftnick
05/12/2011
13:12
Thanks for your views skyship. In the meantime a 5% yield isn't too bad.
hugepants
05/12/2011
08:24
HP - In a word - No. If/when they do decide to make a cash return it will surely be more likely when they are far further into the Scandinavian portfolio liquidation. They will also want and perhaps need to repay bank debts at the same rate. When they've got, say, £70m in the bank, then they might repay £28m of bank debt, retain £14m opportunity/working capital and give us £28m - ie, 20p/share. All total conjecture. We can all play the numbers and in doing so reassure ourselves to Hold/Add...
skyship
04/12/2011
23:48
The total cash increase from the recent disposal/acquistions is approx £25M. Given the above info any chance of a cash return yet?
hugepants
01/12/2011
07:26
Badtime - sure thing. They stated as much in the "New Strategy" circular: ================================================== Use of disposal proceeds and current cash balances The Investment Manager believes there are significant opportunities for investment in Western European markets. However, both the Board and the Investment Manager are conscious of the significant discount to Net Asset Value ("NAV") to which the Company's shares currently trade. Therefore the Board will only sanction investments in such opportunities where the Investment Manager can demonstrate that the return that can be generated from the investment could reasonably be expected to provide better short to medium term value than the Company returning the capital to shareholders at NAV less costs or by way of dividend. Should the investments put forward by the Investment Manager not meet this criteria, they will not be sanctioned. If there is a material build up of cash on the balance sheet, which has little prospect for near term investment, the Board shall, subject to the ongoing working capital requirements of the Company and applicable laws and regulation, seek to return cash to shareholders. The Group currently has free cash of GBP14.9 million. =================================================
skyship
30/11/2011
20:31
Sky r u thinking they might pay some money to shareholders?
badtime
30/11/2011
07:29
Kerrchingg.....that's another £14m banked: ======================================================== "Tamar European Industrial Fund today announces that it has signed an unconditional agreement for the sale of a Special Purpose Vehicle which owns two adjoining assets in Ulsrud, a suburb of Oslo, Norway, for a net consideration of GBP14.34 million (131.46 million NOK) after a discount for latent tax. The sale price reflects a net initial yield of 7.98%. After the discount for tax, the net price is slightly above the last valuation (30 September 2011). The purchaser is a private investment company." ======================================================== Nearly £30m in two days - not bad. Obviously we might expect the lower fruit to be picked first. It will take longer to sell less attractive assets; and presumably some will need to be helped out of the door with a good discount. But overall, looking good. Current share price totally bizarre...
skyship
28/11/2011
12:33
Great disposal news today: Tamar European Industrial Fund today announces that it has signed an unconditional agreement for the sale of two assets in the greater Oslo district, for a net price of GBP15.44 million (140 million NOK). The sale price reflects a net initial yield of 7.21% and is 9% above the last valuation (30 September 2011).
skyship
28/11/2011
12:32
Some good news: http://uk.advfn.com/p.php?pid=nmona&article=50199506
praipus
25/11/2011
16:04
Anyone got any views on those share stakes changing hands - or are well just staring into the headlights and awaiting events. Certainly hope we see another large trade after hours again today. That would surely presage corporate action sooner rather than later.....one can but dream!
skyship
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V: D:20180522 08:26:03