Wichford Share Discussion Threads

[dnfa1975] 17/9/2010 07:22

the govt is skint

risk of them exiting some of these over rented properties imho

[masurenguy] 17/9/2010 07:13

Completion of third and final debt facility extension announced !

RNS Number : 8430S
Wichford plc
17 September 2010

Extension of Delta Facility and Sale of St Cloud

Wichford P.L.C., the property investment company, today announces the extension of the Delta facility and completion of the St Cloud sale.

Extension of Delta Facility

The Company has finalised the extension of its £114.6m facility for a further 2 year period. The maturity date has been extended to October 2012. All other terms of the facility remain unchanged including the total interest cost of 5.73%. The Company has now successfully extended all 3 of its UK debt facilities totaling £360.3m. The weighted average interest rate of the UK debt facilities is now 5.36%.

Sale of St Cloud

Further to the announcement in the latest Interim Management Statement, the Company has now completed the sale of St Cloud for €6.13m. The sales price is 3.1% ahead of the latest valuation in local currency terms. The property was the Company's only French asset and the sale will simplify the Group's property portfolio and corporate structure. The proceeds will be used to recycle capital back into the UK portfolio.

Philippe de Nicolay, Non-executive Chairman of Wichford P.L.C. commented today: "I am very pleased that, as anticipated, the Company has now successfully extended all three of its UK debt facilities, which is the culmination of a significant amount of hard work following last year's Rights Issue. The Company is now on a much stronger footing having secured its medium term funding position."

[masurenguy] 16/9/2010 08:22

Wonder whats behind the MM mark up this morning ?

[r_bedding] 14/9/2010 13:02

You carry on speaking to yourself. Over 10p very soon.

[dnfa1975] 12/9/2010 20:55

ok, keep the good advice coming, with luck this could get to 4p and another rights issue

[grollfam] 12/9/2010 18:02

sell more, open your short position wider.....Notice the volume under 8p ????

[dnfa1975] 11/9/2010 23:34

your advice to sell was spot on grollfarm, thanks

[grollfam] 05/9/2010 12:25

good, i am going long........longer.......

[dnfa1975] 05/9/2010 12:04

sound like a good idea thanks

[grollfam] 04/9/2010 21:41

dnfa1975

Sell all your shares.........or go short........

[dnfa1975] 04/9/2010 18:53

how much do commercial property values need to fall to wipe out the remaining equity?

[masurenguy] 31/8/2010 08:18

A very small initial trade but 8.75p is the highest Buying price for WICH over the past 2 weeks, after the price was marked up 7% before the open !

[supersturrock] 19/8/2010 11:56

Must have been listening to Masurenguy.

[ted1806] 19/8/2010 11:53

True, TWO 5 million buys just gone through LSE

Happy days!

[masurenguy] 19/8/2010 11:44

A decent rise in the share price perhaps !

[ted1806] 19/8/2010 10:45

Interim Statement.....

All looks very encouraging and dividends in March in line with
expectations. Looks like all the loans have got cheaper interest
rates and are steady for a couple of years.
Decent rent increases already agreed and a nice 24million quid
in the bank.

What more could we ask for?

[quazie12] 17/8/2010 16:32

harmonics - 23 Sep'09 - 05:20 - 351 of 632


Quaz
Why are you on this thread?
You obviously don't believe in the stock so your only motive can be as a shorter!


Well I'm still here and still very much long. Glad to see the back of someone who cant handle opposing views.

q

[harmonics] 17/8/2010 11:41

This share should do a lot better now because I have just sold out.
Good luck all.

[harmonics] 16/8/2010 09:55

Something is a foot I think, spread is now 8.2 v 8.75, this has to mean they are not keen on selling stock?

[masurenguy] 13/8/2010 10:45

Quite a volatile spread on such a small volune of trades !

[ards] 12/8/2010 19:41

who knows. shorters rule market at minute and could just be them closing.

[mattyd] 12/8/2010 14:01

any IC subscribers here? if so has simon thompson mentioned this recently? he used to comment now and again. i dont subscribe to IC anymore

[masurenguy] 12/8/2010 13:09

Harmonics - my view too !

[harmonics] 12/8/2010 12:53

There is something driving the price upwards and it has to be pending good news, with nothing declared by the company some information must be leaking out of the back door?