This is looking very good lately and has risen quite a bit day on day recently. Very large abnormal volume on Tuesday (yesterday). They traded 1.3M compared to a couple of hundred thousand on a good day. The resut was a nice rise in price. They are fast approaching a break out position above the next resistance level. This will then put them on historic highs. It has quite a spectacular chart.There was this recent news item a couple of days ago. They always have very large development projects on the go. I think this is going to fly now. I suspect another announcement is on the way:- 31/10/03 17:12 LONDON (AFX) - Quintain Estates & Development PLC said it has today submitted an outline planning application to the offices of Brent Council comprising detailed plans for the regeneration of 42 acres at Wembley, London. Quintain owns 56 acres of land in Wembley surrounding, but not including, the National Stadium. Designed by Richard Rogers Partnership, the planning application submitted today proposes 'a spectacular setting' for the National Stadium and the delivery of thousands of new homes and jobs, with greatly improved local facilities and new areas of open space, Quintain said.

With a NAV of circa 360p and an sp of just 59p, looks way undervalued even with debt concerns.

Chart looks fine and although a speculative investment some would find this Im going for it.

i did my own research on this, so thanks for bringing it to my attention gf. i now have a nice problem.
regards
jkd

soldout

from 2003 until 2009 and still on page one( hope this dont jump to page 2) lol.
must be a pretty boring stock and thread for investors.
regards
jkd

ive been accumulating these since below 60p and at regular intervals above. they are becoming more and more difficult to accumulate at small risk( my major criterior in buying anything) as prices rise higher. i suspect something is afoot here.
could be wrong.
long term target 400p.as always just my opinion and please dyor.
caveat: i am a bear on the long term market in general so will also be looking to lock in some profits on any major weakness, it is now approaching a major resistance level which if something is afoot it should take out.we'll see shortly.having bought so low i can afford to lend a fairly generous stop loss but sure aint going to give it all back.
regards
jkd

You did it page 2. I lost out on aload more money.OVER 190p

JKD ITS OVER 225p

XS
not any more it isnt. lets see what happens when all the fuss quietens down, hopefully.
regards and good luck.
jkd

i was stopped out of these yesterday. i still like them. will watch and look for another entry point.
regards
jkd

What has happened to Quintain Estates today??? Down 53%!!!

24 November 2009

Quintain Estates and Development plc

RESULT OF GENERAL MEETING

Quintain announces that at the General Meeting held today in relation to its 3 for 1 Rights Issue, all six of the Resolutions set out in the Notice of the General Meeting to Shareholders dated 5 November 2009 were duly passed without amendment.

The passing of the Resolutions will enable the Company to proceed with the fully underwritten Rights Issue to raise gross proceeds of 191.2 million announced on 5 November 2009. Accordingly, subject to certain exceptions, Provisional Allotment Letters will be sent today to Qualifying Non-CREST Shareholders who were on the register at close of business on 20 November 2009, and CREST stock accounts are expected to be credited with nil-paid rights in respect of the New Ordinary Shares at 8.00 a.m. on 25 November 2009.

Application has been made to the UK Listing Authority and to the London Stock Exchange for the 390,160,296 New Ordinary Shares (nil paid and fully paid) to be admitted to the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange, respectively. It is expected that Admission will become effective and that dealings on the London Stock Exchange in the New Ordinary Shares (nil paid) will commence at 8.00 a.m. on 25 November 2009.

William Rucker, Chairman of Quintain, said:
"We are delighted by the continued support shown by our shareholders in passing these resolutions, which will enable us to proceed with the Rights Issue. The proceeds of the equity raise will strengthen further the Group's financial position, increase the momentum in our major schemes and enable us to grow our fund management business. We look forward to continuing to apply our broad experience and proven investment, asset management and structuring skills to create and enhance future value for shareholders."

Broker covering it as a BUY rating and the actual NAV of 161p protects any downside....... looks way undervalued to me.

Quintain Estates & Development PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
22-12-09 BUY -5.00 -0.45 -4.70 -0.42

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -5.00 -0.45 -4.70 -0.42

1 Month Change -3.33 0.37 -2.78 -0.07
3 Month Change -6.94 2.15 -5.80 0.14


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS -29.17% % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -40.54m m m

EBIT -41.25m m m

Dividend Yield 5.94% % %

Dividend Cover -2.57x x x

PER -6.55x -150.00x -160.71x

PEG f f f

Net Asset Value PS 161.26p p p

Quintain Estates is certainly worth a look at from a recovery point of view.



If you look at the historic NAV this could be well undervalued and shouldnt be long before we get a trading update on the 21st of January. May get a run up to the update.....

Quintain Estates & Development PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
22-12-09 BUY -5.00 -0.45 -4.70 -0.42

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -5.00 -0.45 -4.70 -0.42

1 Month Change -3.33 0.37 -2.78 -0.07
3 Month Change -6.94 2.15 -5.80 0.14


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS -29.17% % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -40.54m m m

EBIT -41.25m m m

Dividend Yield 5.94% % %

Dividend Cover -2.57x x x

PER -6.55x -150.00x -160.71x

PEG f f f

Net Asset Value PS 161.26p

Very solid update.......

http://www.investegate.co.uk/Article.aspx?id=201001210701098896F

RPT-UPDATE 1-Quintain targets 2010 fund management growth
21 Jan 2010 - 07:37

(Repeats to additional Reuters clients)

* Allocates majority of share sale proceeds to funds unit

* Gearing down to 43 percent, from 94 percent at Sept. 30

(Adds detail)

LONDON, Jan 21 (Reuters) - Quintain Estates & Development is pumping 133.5 million pounds ($218 million) into acquisitions and growing its income-generating fund management arm in 2010 after months of defending its balance sheet from property market turmoil.

Quintain, which specialises in redeveloping towns and cities across Britain, said last year's 183.5 million pounds rights issue has slashed the firm's gearing by more than half to 43 percent, giving the company a "substantial buffer" against further economic distress and the firepower to chase new buys.

"With equity available and a significantly reduced level of gearing, we will continue to progress our existing schemes, drive substantial growth in the fund management business and capitalise on the many opportunities current market conditions present," Chief Executive Adrian Wyatt said.

The company said it had seen evidence of a recovering property market with a number of sales achieved at a premium to valuation, including Commercial House in Jersey, which fetched a price 19 percent above book value.

However, it said conditions in the mainstream market remained uncertain and it would maintain its focus on alternative asset classes such as healthcare and student accommodation, which benefit from resilient income streams underpinned respectively by an ageing population and undersupply. ($1=.6126 Pound) (Reporting by Sinead Cruise, editing by Cecilia Valente)

An extract from the diaries of infamous bear raider Evil Knievil http://uk-analyst.com/shop/page-article/action-article.show/id-130003123

Careful now...

I get a funny feeling about this one.

This is going nowhere.