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Lancaster Gate Profit Share arrangements Lancaster Gate is a high-end residential development in London overlooking Hyde Park. In 2006, Minerva entered into a joint venture with Northacre, who also acts as development manager, on this project. The original funds invested in the project of approximately GBP29m were repaid to Minerva on the project's refinancing in July 2007, following the achievement of an enhanced planning permission and securing of finance for its development. Consequently, Minerva only has nominal cash equity in the development but will earn profits based on the following sliding scale: Profits up to 10% of project costs: 95% Profits between 10% and 15% of project costs: 80% Profits between 15% and 20% of project costs: 60% Profits above 20% of project costs: 50%
Northacre are going to make a killing based on planning gain twice, low build costs, very cheap land, very good selling prices, and smart directors,
Boys, Go to Yahoo search "Minervas results and strategy" Then scroll down for cantos about 5 down. Then read the gross sales from Minervas two sites The Odeon and The Lancasters. Your about to learn why i am so bullish.
I have been reading your posts now for quite a while...found your responce to bassett1 very rude ..i also think you have got way above yourself and think you know it all...be sure no body can be sure of shares untill the outcome comes clear and then nobody can know where the sp goes from there ..up down sideways. I learn to keep most of my thoughts to myself ...its not fair on people who are new to sharedealing and could follow thinking you know solid facts when you dont !! It would be better if you could give a more modest approach.
That really has made me smile. It's hardly worth responding to such naivety. It'd be a bit like trying to explain politics to schoolchildren. How do you know that MNR is not entitled to set some of its costs against the 'profit' of Lancs. Profit is not as simple as sales revenue minus borrowings on a deal of this type. There are lots of ways of calculating 'profit'. It's where those who spend our time drafting contracts make our money. Anyway, better not distract you, it'll be time for you to remind everyone about NTA's £41M in about 5 minutes. GL Tara ! p.s. what makes you think I'm a boy ? Quite revealing.
What are you on, those accounts are not drawn up for fun!!! It states MNR"S share, Northacres is the rest. Management charges, Fool, Minerva pay Northacre not the other way round. Stupid boy, you state the reason is for tax, daft. they use the profit to show asset value per share.!! Stay away from what you fail to understand.!! Nta accounts can not show the profit till it has been transfered to Northacre at the end of the project.
Tara, Your view of the 'profits' that will accrue to NTA is not necessarily accurate. There is a logic to it, but it's too simplistic. when viewing these types of agreement and you need to pay very careful attention to how 'profit' is defined. for example, you have no idea what management charges MNR are entitled to aply to that figure an when. You will point to the reserve in MNR's accounts but that figure is calculated for completely different purpsoes, i.e. quite probably to reduce liability to tax. It may therefore be making the best possible use of accounting rules to minimise liability. You may be proven to be right but you are basing your calculation on unsafe foundations, especially where the £41M is concerned. A look at the NTA accounts will tell you they have taken a completely different view when it comes to reporting value from the Lancs. I hope you are right but my instincts tell me you are overstating, quite innocently, the upside. W'll know soon enough I would think. I'm holding NTA anyway and see good upside. Fingers crossed.
Please tell me where i have gone wrong, Profits of around £200M to split Broker reports for Minerva state 60/40 split. FACT £41M for Northacre in last set of MNR"S accounts. FACT The above based on 2k a ft now selling for 3k ft. Thanks.
you are ramping these on both this site and MNR-it makes me concerned as a holder of both and some one who has a pretty good idea of the lancasters structure.NTA will benefit but IMO not to the scale you refer-the situation has been quite well reported so far.
This should be out at 7 AM in the morning. Any news re the Lancasters and you will find you will not be able to buy any amount of northacres shares, in my view.
Yes it is cos it takes no account of the growth from the Vic gate site and the new sites about to be bought, that add heaps to your calc"s.!!!!!!!!!!!!!!!!!!!!!!!1
38% of 200M= 76M 76M/26.720.000shares= +-2,8£/share Calculation, too simplistic? This would mean an early retirement for me ... haha
Just had £1.33M that will pay off ALL the debt. Company has a policy of paying a divi ASAP. The divi could be a one off 3 x todays share price.!!!!!!!!!!!!!!!!!!!!!
It'll be interesting to see what NTA does with the profits. they have some small short term debts to clear but there will be a lot left over. Do they have a history of paying dividends ?
MNR agenda for its EGM is out on Wed. Northacre shares have been bought at the rate of around 1% per day last week[ that = 3% per day of the free float, per day Northacre is now valued to get just 12% of the £200M odd profits from the Lancasters . In my view the profits are going to be in the 40% to 50% region, in which case the shares have a long way to go in a very short timeframe.
With 100+% s/p increase since 23/07/2010 (s/p@40p), if you have good Profits , prudent to crystalize some , not stupid !!? (imo) . BW Wraith
Sorry, what was the point you are making ?
Myself in "NTA" for the long term with my core shareholding , which are almost Free shares now , its up 100% since my first puchases s/p@40p on 23/07/2010 ;---- this article makes a good point (imo) : http://www.fool.co.uk/news/investing/2010/08/06/your-best-shot-at-a-10-bagger.aspx Extract : Published in Investing on 6 August 2010 7 comments This small cap company could be your best bet for a big winner in the decade ahead. But heed this timely advice first. The following is a direct quote: "if they cant tell you what will go up 100% in a few days then motley fool are worthless and they suck at picking stocks." We received that comment on a recent column. Grammar issues aside, this type of get-rich-quick mentality scares the hell out of us. Now, don't get us wrong. We enjoy stalking monster returns. We'll even reveal a decent shot at snaring a 10-bagger a little later in this piece. But first, let us warn you against an investing mistake that leads to many a zero-bagger. The warning Our worst investing decisions have involved three common elements: ■the allure of great upside; ■the "need" to act quickly; and ■the lack of proper due diligence. Our visions of huge, unrealistic profits lead to hasty decision-making, which lead to losses. In other words, in cricketing terms, almost every time we've tried to hit a ball for six, we've ended up being clean bowled. To defend yourself against the kind of greed that leads to grief, put investing returns in perspective. Our critic earlier talked about 100% returns in just a few days. Let's think through that for a minute. If you started with £10,000 and made 100% gains every week, you'd be the richest person in the world -- surpassing Bill Gates' $40 billion -- in far less than six months. We'll go one step further. Perhaps you're thinking of the huge gains we've had over the course of the last year. If you timed it right, you could have made more than 100% on ASOS (LSE: ASC) and ARM Holdings (LSE: ARM), more than 150% on Aggreko (LSE: AGK) and Senior (LSE: SNR), or more than 700% on Rockhopper Exploration (LSE: RKH). ------- I would add , been invested in "RKH" from s/p@40p & 50p levels , still am with all free shares & large crystalized Profits , it is my largest investment in the stockmarket still ---- im also invested in "BLNX" .--- BW Wraith
Thks for yr tip; in what kind of period do you expect a SP of 3£?
I believe there has been a serious accident at The Lancasters this afternoon. A workman has died after being hit by a falling piece of scaffold.
Good to see you here but as a new poster please do not sell yourself short. This stock is on its way to the big time, selling at under £3 plus pounds might be a big mistake. Good luck in any event.
Very right tara7. 100% up, its just the beginning. I expect SP of 1,25 within 4 to 5 weeks. Greetings to all, I am new in this chat.
I note a few investors have taken profits here. That in my view at this stage was rather stupid. We have at least one buyer eating up stock day in and day out.
Yeah , dancing & staying alive ;0) http://www.youtube.com/watch?v=IHWeuQyFouo BW Wraith
I suspect we will see a few shakes of this tree over the coming weeks. They'll want to trigger some stops so the swings could be quite wide. With Cred Suisse in the background I'd view them as buying opps. I'm expecting news from MNR shortly and the only good news story they have is Lancs. They'll be squeezing every last drop of positive news out of that. Updated sales figures and yields soon I think. We'll see soon enough.