Town Centre Share Price (TOWN)

I don't know where this is heading. Another 15% buyback so more control to the family. They had majority control anyway so why. A buyback when things are low can be good but I'm not convinced here. Not about the numbers but about the control side. I thought it might be to remove it from the market. There was also the threat of loosing REIT status. So I left and even after the jump in SP it's still way off.

Hopefully I'm wrong as it was the family control that was an attraction when I first bought in. I knew they would look after themselves so I could follow on their coat tails. It went well for a long time but something changed.

Whilst they are suffering from the general things that effect REITs, rate rises, debt, ltvs too much retail, companies going bust etc. Why give it the potential to loose that status or the loss of availability on the market.

I didn't want to be left holding the baby with no home to go too. Like I said, I hope my fears are wrong and that remaining shareholders will be OK on those tails but it's a risk too much for me.

Good luck all. Shall miss the divi in January thought even if it was low yielding compared to some.

I think you could be waiting quite a while for it to get back to £2.50.

I bought some earlier this month though for £1.25. I think there's quite a lot of bad news baked into the price at this level (I may well be wrong though; I frequently am!)

Let's see what the full year results say in October - good luck

I am invested into this.

Looking for some thoughts from others.

The NAV is significantly higher than the price of the share. I am not sure what is going on with this.

Will this come good some day?

My AVG is around £2.50

Im still not sure what's going on with TOWN.

Sale of Whitehall Riverside, Leeds above book value. Reduced debt by £10m and bought the rest of Belgravia Living Group for £3.5M but this has debt of £14.5m of which TOWN only had half but now all so an extra £7.5m.

So it looks like they have traded a pipeline asset for more income that appears to be doing well.

No holdings but following out of interest and that I liked the story

Well I think I have been scared out of my holding. Loosing REIT status and a potential buy out on the cheap doesn't look great for PIs

So it's taken a bit longer that initially planned but I'm all out. Pity as I liked the story and the family holding to begin with.

We've had some ups and downs along the way and really I wanted to increase my holding not sell. Still now I'm out the SP will rise