goldfinger
- 21 Jan 2010 08:15
- 30 of 72
goldfinger
- 21 Jan 2010 08:33
- 31 of 72
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)
toki
- 12 Feb 2010 14:54
- 32 of 72
mitzy
- 23 May 2010 15:55
- 33 of 72
Careful now...
mitzy
- 04 Jun 2010 14:16
- 34 of 72
I get a funny feeling about this one.
mitzy
- 08 Jun 2010 10:47
- 35 of 72
mitzy
- 20 Jul 2010 11:34
- 36 of 72
This is going nowhere.
jkd
- 01 Apr 2011 15:20
- 37 of 72
this is page 2 might be worth reading page1. and thanks to gf who originally bought this to my attention. he aint always right and sometimes i disagree but he is worth reading and following and doing our own research to confirm or not as the case may be. those that i have researched and agreed with have proven most succesful for me so Thanks gf.
dont forget a 3 for 1 rights. my original target as posted was 400.so that equates to 133or so. another property company in line with my other post re BLND might be too early in the cycle so just bringing it to you alls attention for your watch list. i like it, have dipped a toe.
please all dyor and good luck
regards
jkd
jkd
- 15 May 2011 02:01
- 38 of 72
have since dipped several other toes,
cant post all my positions on everything so
just sample on this one but hopeful.
could be wrong,i often am; so please dyor.
regards
jkd
HARRYCAT
- 08 Jun 2011 15:03
- 39 of 72
Moving ahead very nicely. Shame I don't hold.
goldfinger
- 09 Jun 2011 09:06
- 41 of 72
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 09:21
- 42 of 72
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
jkd
- 09 Jun 2011 11:21
- 44 of 72
gf good luck.
i hope you wont mind me skipping to s post no.40 and the chart shown by s.
s has the chart been adjusted for the rights do you think? it seems not to me.
back to you gf, do you think so?
it seems MAM are a bit slow or even non reactive in doing this generally, or am i mistaken? whats your opinions?
regards
jkd
skinny
- 09 Jun 2011 11:25
- 45 of 72
No - MAM don't seem to do that! This is what it should look like -
ADVFN Chart.
jkd
- 09 Jun 2011 11:43
- 46 of 72
thanks s
seems my 133 looks more realistic resistance from that chart.
and i was hoping maybe 900 top from the MAM chart, one day.;-)
regards and thanks
jkd
goldfinger
- 09 Jun 2011 17:12
- 47 of 72
Yep but still bowl shaped. Kind of.
goldfinger
- 09 Jun 2011 17:12
- 48 of 72
Laxey with RNS out for QED this afternoon, over 10% holding. Watch out for further rises here and poss bid.
jkd
- 09 Jun 2011 17:26
- 49 of 72
gf
its great you post both on the "chart attack" thread and also post copy on the individual
share thread also.
i just posted over there regarding your above post ,before i saw it on here.
so for all interested and to save me re posting, please go take a look.
thanks to all.
regards
jkd