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
goldfinger
- 10 Jun 2011 02:06
- 50 of 72
He he will do JKD.
goldfinger
- 10 Jun 2011 07:56
- 51 of 72
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
--------------------------------------------------------------------------------
goldfinger
- 10 Jun 2011 07:58
- 52 of 72
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
goldfinger
- 10 Jun 2011 08:31
- 53 of 72
BRIEF-Quintain Estates sells Wembley site to Keystone
10 Jun 2011 - 07:08
LONDON, June 10 (Reuters) - Quintain Estates And Development PLC :
* Disposal
* Commitment with Keystone Group for the development of 660-bed student accommodation at Wembley City
* Keystone will purchase long leasehold interest in land for 14.5M
* Keystone will make a further payment of 38.5M to Quintain, following practical completion of the building
((London Equities Newsroom; +44 20 7542 7717))
((For more news, please click here [QED.L]))
goldfinger
- 10 Jun 2011 09:12
- 54 of 72
Qed going great guns again.
heres what Zak Mir Pro TAer said about them earlier today...
Zak Mir
Reged: 28/06/07
Posts: 1822
Re: QUINTAIN ESTATES (qed) [
#480219 - 10/06/11 08:24 AM Edit Reply Quote
A bowl, a saucer, either way a return to 100p plus can be expected on a 3 month view at QED. One of the charts of the year
HARRYCAT
- 10 Jun 2011 11:42
- 55 of 72
Liberum note out today:
"We are pleased to read QED reporting, as flagged, the sale of one block of its student accommodation in Wembley.
We wrote in our initiations in March (Developers: opaque and out of favour, Re-appraise early!) that share price progress should result fromproving elements of the Wembley and Greenwich site valuations. Prelims (May) subsequently reminded the Market that four such transactions were imminent: the student accommodation sale (announced today), sale of the Hilton Hotel (in the same block / W05), crystallising value at the London Designer Outlet (in a JV), and reporting the final price of the second land sale to Bellway (?) at Greenwich, in the South East.
The shares have risen 34% since then, and we expect the rest of this newsflow in 2011.
In addition, well-known activist investor, Laxey Partners presence on the shareholder list, has helped highlight value in QED shares. Yesterday Laxey near-doubled their stake to 10.4% (from 5.8%). "
goldfinger
- 10 Jun 2011 12:41
- 56 of 72
Excelent post Harry.
HARRYCAT
- 10 Jun 2011 14:42
- 57 of 72
Bit of a pullback from this morning. Too far, too fast or just friday afternoon profit taking? Good volume at 2.6m.
Socrates
- 30 Jun 2011 08:48
- 58 of 72
Upward trend resumed?