Northacre Share Chat (NTA)

yep, followed these for 9mths if u see posts but t/over for 95p came to nothing

yep, things fizzled here sine the t/over debacle

Last month the firm was said to be in talks to be bought by two separate companies including one led by its Chief Executive Officer Ken MacRae.

MacRae was making an offer through his management buyout company 2492 Ltd., while another bid came from Abu Dhabi Capital Management, Bloomberg reported.

Northacre moved into the red in 2008 after the British housing market plummeted during the financial crisis.

The builder plans to construct less expensive homes by renovating office buildings to increase returns on developments.

Northacre, developer of The Lancasters luxury apartments opposite London's Hyde Park, on Friday dismissed reports it was approached by Spadille to acquire the company.

The group said it remains independent and that it did not receive an offer from Spadille.

Reports claimed last week Spadille was making a cash offer, with a loan note alternative, for outstanding Northacre shares after it upped its stake to 48.6% of the company's issued share capital.

"The independent directors confirm that as of January 25th 2012 no offer has formally been made for the company and it remains independent," Northacre said in a statement.

For the record - in 2005, it went as low as 1.87p

News after hours on Friday that DAMAC are planning a counter bid. Story here about to get tasty... watch it on Monday.

When the CEO is leading a management buy out it has to be aabout the best indication you can finds that a company is seriously undervalued.

Once all the cash from the Lancasters is through NTA will be sat on £30M+.

You could fund an acquisition up to about £1.20 per share from the company's own cash ! It means you'd pick up the company for zero cost and have Vicarage Gate management fees and profit share to look forward to.

I reckon a fair price would be int he region of £1.50. anywhere close to that and I'd take it. This is all coming to a head because the Board have said they will soon pay a dividend. Any potential new owner will want to conclude a deal before that happens. What were people expecting by way of Dividend, I had about 20p in mind ?

on balance, with NTA you tipped it @ 30p in March 2010 and 100p in Spet 2010........................so well done if you stayed in for last 2yrs, as that would be a c 60p average but please don,t be higly selective in your "ten baggers"

if one looks at your last few 10 baggers, YCO ( dodgy yaughting compnay that went bust 9mths ago) and PFO ( crashed and burned since Tara pumped)

YCO

YGO is a pure gift.

7 Mar '10

Down from 49p to 10p since May 08

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YCO

YGO is a pure gift.

7 Mar '10

See ADVFN web site BB, where it looks like the profit for this year could mean YCO is on a PE of 1 or under. The yachts sold at the end of last year were for EUR 75M for the first one, [second hand] and a brand new 51ft 2nd one. Fuel sales = a profit of £ 400,000 per ann see accounts. We have also found a press report after the results posted now on ADVFN.

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NTA

NTA is one of Tara*S ten for 2010

7 Mar '10

PE for the next few years could be under one.!! Broker reports have come to light, see ADVFN BB

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YCO

YGO is a pure gift.

2 Mar '10

Antondec, i think you are spot on if you look at the wording in the statement it has to be at least two yachts they have sold could be a lot more.

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NTA

NTA ia one of Tara*S ten for 2010

2 Mar '10

Falling pound is pulling in invstors to London prime big time as they do not trust paper money

you were actually covering NTA in sept 2010....which if you look at the 3yr chart was when NTA was 100p!!!....click on your posting history reveals the facts not the spin