goldfinger
- 12 Jan 2010 20:42
skinny
- 09 Jun 2011 08:51
- 1405 of 3532
Goldfinger - I can't see any referenece to copyright infringement on that link - I've been using it for ages btw.
jonuk76
- 09 Jun 2011 08:55
- 1406 of 3532
If they wanted it to be non public they'd make it so you needed a password to access it :)
goldfinger
- 09 Jun 2011 09:00
- 1407 of 3532
Yep but look at bottom of last page!!!!!!!!!
goldfinger
- 09 Jun 2011 09:05
- 1408 of 3532
QED
There was heavy trading in Quintain Estates & Development where over 21.7m shares changed hands after Charles Stanley bought a chunk of stock for a client. That sparked talk that someone might be looking to amass a stake in the company. However, traders noted that Laxey, the activist investor, owns a 5.7 per cent stake in Quintain.
Separately, Matrix raised its target price on the property developer to 81p saying that a re-rating was finally in sight.
We believe any/all of the three transactions being concluded will help the forward sale of the student accommodation at Wembley, securing a joint venture partner for the Hilton Hotel and, most importantly, in our view, securing a partner for the London Designer Outlet Centre (heads of terms agreed), said analyst Miranda Cockburn.
http://www.ft.com/cms/s/0/e2edc6d2-91e0-11e0-b4a3-00144feab49a.html#axzz1OitwzdNH
goldfinger
- 09 Jun 2011 09:22
- 1409 of 3532
Looking to attack this market on the bull side very aggresively. Doubled up on QED, 81p new broker target.Getting shot of any losers quickly
skinny
- 09 Jun 2011 09:45
- 1411 of 3532
GFRD still on the up.
skinny
- 09 Jun 2011 13:10
- 1414 of 3532
SC - HOME figures won't have helped today.
Seymour Clearly
- 09 Jun 2011 13:32
- 1415 of 3532
Thanks Skinny - missed that.
skinny
- 09 Jun 2011 13:42
- 1416 of 3532
SC - I closed the remainder of my DRX yesterday, so you should be guaranteed of a further rise! :-)
Seymour Clearly
- 09 Jun 2011 14:33
- 1417 of 3532
Cheers Skinny, another 250p would be acceptable.
goldfinger
- 09 Jun 2011 17:08
- 1418 of 3532
Drax a 52 week high aswel. Think Il have some tomorrow.
goldfinger
- 09 Jun 2011 17:09
- 1419 of 3532
Laxey with RNS out for QED this afternoon, over 10% holding. Watch out for further rises here and poss bid.
jkd
- 09 Jun 2011 17:18
- 1420 of 3532
oh no! gf
i've only just restarted to accumulate em again.
give me a little longer to add a few more if true.
regards
jkd
Seymour Clearly
- 09 Jun 2011 18:13
- 1422 of 3532
I think you are being pedantic. What's a day between mates?
;-)
goldfinger
- 10 Jun 2011 07:56
- 1423 of 3532
By Neil Hume and Bryce Elder
Published: June 9 2011 21:04 | Last updated: June 9 2011 21:04
Quintain Estates, the developer of the Wembley City development in London, rose 2.5 per cent to 60p. After the close, the activist hedge fund Laxey Partners confirmed it had raised its stake from 5.76 per cent to 10.37 per cent.
http://www.ft.com/cms/s/0/4a732f7a-92ab-11e0-bd88-00144feab49a.html#ixzz1OoYqedhc
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goldfinger
- 10 Jun 2011 07:58
- 1424 of 3532
Fantastic news for QED......
10 June 2011
Quintain Estates and Development PLC
("Quintain" / Company" / "Group")
Sale of Wembley Student Accommodation to
Keystone & Partners Real Estate S.A. ("Keystone")
Quintain announces it has entered into a forward commitment with Keystone for the development of the 660-bed student accommodation at Wembley City on a plot of land adjacent to Wembley Stadium. Keystone will purchase a long leasehold interest in the land of 251 years for a total consideration of 14.5m. In a separate development agreement, Keystone will make a further payment totalling 38.5m to Quintain, following practical completion of the building, which is expected to be in the summer of 2012.
Separately, Real Partners S.A. has agreed the purchase of five self-contained three-bedroom residential units, which form part of the development, for a total consideration of 1.5m. On practical completion of the building, Keystone and Real Partners S.A. will pay Quintain modest annual index-linked ground rents.
Commenting, Adrian Wyatt, Quintain's CEO said "This is great news for Wembley City and also marks the early achievement of one of our key milestones in the current financial year. Through this agreement we have not only retained an interest in the site and the management of the asset, but also demonstrated that Wembley City offers attractive opportunities for investors, at a price which supports our underlying land value assumptions.
"Furthermore, by bringing a substantial number of people to live at the scheme it will add to the growing vibrancy around Wembley City and support our other commercial activities in the area."
Giorgio Laurenti, Chairman of Keystone Group, a Swiss based real estate development company with offices in Wollerau, London and Luxembourg added: "We are delighted to take this opportunity as a starting point for our student accommodation initiative in the UK. We strongly believe in Wembley City as an attractive and vibrant location for students due to its proximity to reputable universities, the Civic Centre and its ability to offer students new modern housing, entertainment facilities and real job opportunities."
The student accommodation forms part of Quintain's Wembley City 8m sq ft regeneration project and lies adjacent to Wembley Stadium and Quintain's Hilton Hotel development.
Quintain has agreed terms with the University of Westminster for a nominations agreement over 481 bedrooms 'clustered' into 80 six en-suite bedroom units with shared kitchen/living areas. The student accommodation is located between the University of Westminster's Harrow and Marylebone campuses. The balance of the accommodation comprises 179 one-bedroom studio apartments. Quintain will manage the student accommodation on behalf of Keystone.
As at 31 March 2011, the land and buildings under construction were valued in Quintain's accounts at 21.1m. Based on the sums due from Keystone and Real Partners totalling 54.5m, Quintain estimates that it will achieve a surplus over the March valuation of some 3.5m and a surplus of 5.2m over cost.
The agreement with Keystone is through Quintain's subsidiary company Quintain W05 (Groundlease) Limited. Real Partners SA is a related party to Keystone.
For further information, please contact:
Quintain Estates and Development PLC