Tr Property Investment Share Discussion Threads

[isa23] 28/5/2008 15:08

on a more positive note, we may be due a special divi once HM refunds VAT

[cerrito] 28/5/2008 12:32

as one would expect a very good overview of the property market in Turner's review in the prelims published today and I would reccomend reading its rather gloomy perspective

[chairman2] 22/5/2008 16:48

inertia works for me

the best invvestments are usually the ones I have left alone

left to their own devices so to speak.

I smell the cordite - is it the begining of the panic
or is this the panic itself?

[jonwig] 22/5/2008 16:47

Yup - I've been known to do it myself ... but my timing ain't always so clever!
(Nor with switching out of cash.)

[chairman2] 22/5/2008 16:43

switching to cash

isnt that called selling!! lol

[jonwig] 22/5/2008 16:42

A hard one to figure, Chairman!

The share prices of the investee companies already reflect all the info about their NAVs and expectations for them.
And we know that discounts widen in bear markets, so is there double counting here?

An advantage of holding TRY is that we buy management's ability to switch - to continental Europe, or even cash.

[chairman2] 22/5/2008 16:36

seriously the discount to NAV must lag
the discount changes on the underlying
investments depending at the very least
on monthly valuation metrics

[jonwig] 22/5/2008 15:41

ISA - 19% or so must be as high as we've seen during this downturn.
Their NAV has been fairly resilient against the sector.

[chairman2] 22/5/2008 15:11

never argue with the market

its right today

who can say tomorrow

[isa23] 22/5/2008 15:10

Is a 19% discount for TRY really justified!!

[chairman2] 13/5/2008 12:41

no change in NAV - but watch this spacefor May

[umitw] 04/3/2008 12:51

Paul this is for you.
UW

[chairman2] 22/2/2008 11:19

Anyone know if TRY will make a pre-close statement next month?

Incorporating the Jan Feb 08 market price impacts
might produce some interesting information for sector
watchers.

[jonwig] 13/2/2008 07:26

I missed that, Ch.
The index might have something to do with it.

Alliance Trust [ATST] will join the FTSE100, but they said it was no big deal, as they will no doubt be pushed out when markets recover.

[chairman2] 05/2/2008 14:40

See that Pru has sold out including its tracker funds

any ideas? or is it simply that TRY has dropped out of the FTSE 350??

[chairman2] 30/12/2007 14:59

European property remains the area to watch
-Eastern Europe - for the really brave

[jonwig] 29/12/2007 11:35

Thanks for that, Cerrito.
Yes, it summarises the problem here, but I'd prefer to accentuate the positive!

• Interest rates in the UK are expected to fall substantially next year,

• A shrinking public sector might rescue us from tax hikes,

• Escaping forced asset sales should support prices. (So far, I think, we've avoided them.)

Higher-geared and secondary asset companies are still at risk. The largest (FTSE100) should be OK. And TRY is one way to get into the sector without single-company risk!

[chairman2] 12/12/2007 18:08

180p - support or resistance??

[chairman2] 26/11/2007 12:17

article in the Telegraph Money section
did not mention TRY but was relatively downbeat (journalists over
influenced by M&G)

[jonwig] 25/11/2007 15:59

Hi, MW.
I can't help you, but the liquidators can be contacted at KPMG. This announcement gives details:

[mw8156] 25/11/2007 15:01

was a holder of trust of property shares investment trust and am still waiting for the remaining money following its winding up; it appears there has been some problem over its investment trust status; can anyone enlighten me if there has been any recent development?

[jonwig] 22/11/2007 19:39

from the Interims:

"The average discount over the period [31/03 to 30/09] was 12.2% for the Ordinary shares and 11.5% for the Sigma share class. These figures compare with an average discount of 9.9% in the period from September 2006 to March 2007."

... which bears out what we know in general, but the cycle isn't a steep one.