Trakm8 Share Discussion Threads

[dc2] 30/11/2018 09:24

I think they sold all of their shares. The large trade was approximately the same size of their holdings. As for the buyer, perhaps the order got filled in the market possibly explaining the drop from circa 20p to 15p and no buyer's RNS.

[knowbodyyouno] 30/11/2018 09:24

The problem with that analysis is that the value of the sell ‘matched’; the value (monetary/percentage terms)of Kestrel’s interest.

Also in the report. We can see their voting rights prior to the report but not after.

[nod] 30/11/2018 09:22

The Kestral holding was reported on 2 January 2018 at which point the share price was 105p. So they have taken a big hit.

[tonybaloni] 30/11/2018 08:04

All we know at the moment is Kestrel own less than 3 percent, might be zero, might be 2.99. ??

[keepquiet] 29/11/2018 10:30

If Kestrel sold all their shares to one person/entity, shouldn't we know who that is through an RNS?, Its a sizeable % or am i missing something here ?

[dc2] 29/11/2018 09:19

Rockafella, what makes you think Trakm8 would not have been a good tenant? Did it not pass due diligence (and I do not mean the share price and associated forums)? Thanks and welcome.

Update: I would like them to sell the building and move fully to Coleshill - to me they are only keeping it for the Cowley's (I have no evidence).

[rockafella1] 29/11/2018 09:09

As in most commercial lease tenant pays for all repairs delapidations and insuring so for a passive investment it would have suited me

[dave2608] 29/11/2018 08:53

I can see your reasons for pulling out rockafella. £34440 pa on something costing £510,000 gives a yield of 6.75% per annum. Then presumably you're in hoc for all the maintenance. There's probably much better risk/ reward opportunities out there.

[knowbodyyouno] 29/11/2018 08:26

They need to update their website.
Still claims to be under offer.
And some of the claims about the company are a little ...well, out of date, shall we say.

[dave2608] 29/11/2018 08:22

Oooops here it is.

[knowbodyyouno] 29/11/2018 08:13

These types of deals are a pretty common way of raising cash. And Trak certainly needs cash. That said, I don't blame you for backing out of the deal.

Well done for stumbling across this BB.

Welcome.

[dave2608] 29/11/2018 08:09

I've checked on Braser Freeth's site. It doesn't appear to be listed.

[tonybaloni] 29/11/2018 08:04

RockyIt's still listed on Rightmove and on their own site as Under Offer so someone is still having it.Welcome to the thread

[dave2608] 28/11/2018 22:30

Ah ok, cheers for the info.

[rockafella1] 28/11/2018 22:25

Should add the property is not under offer at £470000.The under offer refers to my offer at £510,000 ( ie offers in access of £470000).If you refer to the selling agents website the property is no longer listed

[dave2608] 28/11/2018 22:10

£470,000 should give them a few weeks more wriggle room.

[rockafella1] 28/11/2018 22:06

Yes it is an excellent attractive well-maintained property .Not so without the tenant paying £34440 pa though

[dave2608] 28/11/2018 21:34

There does seem to be a fair bit of property there for £510,000. Under offer now at £470,000 so someone's knocked them down £40,000.

[rockafella1] 28/11/2018 21:08

True i have only just arrived but i have been following the thread for a few days purely out of interest as i needed to comfort myself that i made the correct decision to abort the purchase ( the agreed price was actually £510,000)I thought i had carried out satisfactory due diligence and was reasonably happy with the results.I made one final check prior to exchange and to my horror i discovered the share price had collapsed a few days earlier.I am a director alongside my wife and chidren of a property investment company and thought my input might be useful to others on this thread

[royalalbert] 28/11/2018 20:22

Rockafella and you are? created yesterday hmmmm.

[dave2608] 28/11/2018 19:36

Interesting stuff rockafella. The plot thickens.

[rockafella1] 28/11/2018 19:32

I was the buyer

[dave2608] 28/11/2018 19:22

Great find Nod.

A bullet point under key features

Well performing tenant (Trakm8 Ltd). Pmsl.

[knowbodyyouno] 28/11/2018 19:16

Ain't you a peach?!