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O Twelve Estates Ltd. Share Chat (OTE)



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Share Discussion for O Twelve Estates Ltd.


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shaia
Posts: 8
Opinion:No Opinion
Price:6.75
OTE
27 Jul '12
ANY ONE KNOWS HATEVER HAD HAPPENED TO THIS SHARE?
 
ShaunC
Posts: 6,355
Opinion:No Opinion
Price:6.00
riddler
18 Jun '12
nice little trade for those quick off the mark
riddler
Posts: 81,778
Premium Chat Member
Opinion:No Opinion
Price:5.75
finals
18 Jun '12
The Company is also pleased to announce that it is in advanced discussions with VIII Investment UK S.a.r.l (a company entirely owned by funds managed and/or advised by Westbrook Partners) ("VIII Investment") in respect of a potential unconditional cash offer to be made by VIII Investment for the entire issued and to be issued share capital of the Company not already owned by VIII Investment at a price per share of 7 pence. VIII Investment currently holds 370,025,139 Ordinary Shares representing 77.06 per cent. of the issued share capital of O Twelve
countryboy
Posts: 19
Opinion:No Opinion
Price:8.50
OTE
9 May '11
I omitted to remind readers that the Directors have already disposed of prime assets in access of £31m : the directors are still drawing high salaries and the managing agents grinning like cats licking the cream - management? what management? Prime assets of the company have been sold off in order to save the sinking boat. The company's outgoings are too high especially directors fees and managing agents who are responsible for obtaining properties and advice(?) - and shareholders get nothing but losses to bear. The recent placing and offer at 10.5 is showing a loss - the market is no fool.
countryboy
Posts: 19
Opinion:No Opinion
Price:8.50
OTE
9 May '11
After commiting shareholders to enormous borrowing at excessive rates of interest - the chairman, Mr Phil Rhodes, is throwing more shareholders money away merely to get out of high interest repayments. Who are the losers? Why the shareholders of course. This is based on the lie that "we seek to generate an attractive rate of return to shareholders ....particularly in the run up to the London Olympic games in 2012. Tell that story to the marines and shareholders who bought in at £1 per share!! The directors have long lost direction and the managing agents have badly advised the company with regards excessively high payments on its acquisitions. That is why the company is floundering and shareholders will never see any dividends or capital growth. This current statement is the directions attempting to get out of the deep water almost at any cost. Finally Westbrook Investco have acquired a major interest on the cheap. Bugger the shareholders.
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:8.50
OTE
9 May '11
Phil Rhodes, Chairman of O Twelve commented:

"The partial termination of the Company's fixed rate hedging lowers interest costs, improves operating cash flow and gives us greater flexibility in considering opportunities to add to shareholder value following the successful completion of the Placing and Open Offer in January."
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:8.50
OTE
9 May '11
Partial Termination of Loan Hedging

9 May 2011

O Twelve announces that it has terminated fixed rate hedging arrangements on £26 million of its outstanding bank loans at a one off cost of £3.0 million. At current rates, the cash cost of the Company's loan interest will reduce by £1.1 million per annum.

Following the termination, the Group's fixed rate tranche of its loans are at 5.155% per annum, excluding margin, on £89 million until January 2015 and on £63 million from January 2015 until December 2016. The remainder of the loans, up to the total outstanding of £124.8 million, incur interest based on prevailing variable interest rates. Following the termination the Company's blended cost of debt is 5.9%, including margin and at current interest rates.
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:8.50
OTE
9 May '11
thedaddio
Posts: 185
Opinion:No Opinion
Price:8.25
OTE Advice.
7 May '11
Hello. Looking for a bit of advice. I got into OTE when I was not so experienced at share dealing and I will admit that I was taking a gamble really going on people saying oh yes its going to go up to this or that etc and did not do any research. I have continued to hold almost as a gamble share, but really could do with releasing the funds to something more researched and steady. I would really kick myself though If i check again and this has rocketed. Apart from sentiment of its going up or down, or the management team are not so experienced etc, does anyone have any real information and advice about this company, which I can include as part of my research and then make a decision, appreciate it.
countryboy
Posts: 19
Opinion:Sell
Price:8.50
OTE
29 Mar '11
mulledwine is a mere commentator on many shares. He has no in-depth knowledge and I cannot understand the purpose of his comments which are merely copied from company information. Unfortunately, those investors beguiled into O Twelve Estates have nothing to show for their investment. I hold the managing agents very responsible for taking too high fees out of the company - I would like to see a new firm of managing agents appointed. As for the board they are completely out of their depth and the value of the shares shows this company's plight,
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:8.38
OTE
17 Mar '11
countryboy - I did not refer to growth - the OTE chairman did - I may carryout research in depth on many Companies but as to how they perform is up to them and market forces.....I suggest you direct your very pertinent questions to Mr Rhodes.
countryboy
Posts: 19
Opinion:No Opinion
Price:8.38
OTE
17 Mar '11
Can mulledwine advise shareholders (a) when we can expect to receive a dividend? (b) growth (to which he refers) reflected in the share price (which is at an all time low) and (c) how much more of the company's assets are proposed to be sold off to reply its current debts which are in exess of £105 million. We hear nothing but promises all of which are unfulfilled. Finally, when does he see the majority shareholder Westbrook Investco taking over the company at a knock down price to the detriment of all the shareholders who purchased shares at £1 each?
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:8.38
OTE
17 Mar '11
In a move to remove potential cost exposure and add to its cash resources, investment company O Twelve Estates (OTE) has completed the disposal of Solar House, Stratford, London, for 5.5 million pounds. "[The disposal] provides us with a number of opportunities both to continue to add value to the existing portfolio through active management and to consider new property ventures," commented chairman Phil Rhodes.
countryboy
Posts: 19
Opinion:No Opinion
Price:9.00
ote
6 Mar '11
Admitted to AIM on 27 March 2007 at £1 per share. Now worth 2p! Bad directors and awful managing agents who are all overpaid. No dividends - no growth. JUNK SHARES invest only in companies who pay dividends and show growth and good management. Nothing the apologists have written shows any understanding or knowledge of this in debt company. BEWARE!
sulfur
Posts: 236
Opinion:No Opinion
Price:9.00
countryboy
4 Mar '11
This company is now majority-owned by Westbrook, whose interest is capital growth for funds that they manage. Why would they allow non-performing directors to take everything out? You obviously have a gripe against this company. I think you should declare your interest.
countryboy
Posts: 19
Opinion:No Opinion
Price:9.00
OTE
2 Mar '11
I continue to note the flatness of OTE share prices. In spite of cost savings (which cost a lot of money to obtain) the share price has fallen. Remember the concept of OTE was to show shareholders value from the 2012 Olympic games - this is also a false promise. Your correspondents are deluding themselves to think otherwise. Why not write to the company Chairman expressing your concerns after all the directors and managing agents are doing very nicely with salaries and fees - they come first. Shareholders are the mugs and totally ignored.
sulfur
Posts: 236
Opinion:Buy
Price:9.25
majestic
16 Feb '11
I do not know what countryboy's agenda is. He only posts here, so is not a day-trader/deramper. Thought he might be a scorned ex-employee with a grudge, but if so he would have known that they had some offices in their portfolio. Perhaps someone from OTE ran off with his significant other. I do know something about Westbrook-Invesco and they have not put £35 mill in here out of charity. I have held a few from when they were higher and topped up at close to the bottom. Thinking of topping up again now that there appears to be some movement at last.
Majestic
Posts: 341
Opinion:No Opinion
Price:9.25
sulfur
16 Feb '11
country boy has been on this board posting as far back as i can remember dogging this share, if he hasnt got any interest or doesnt want to deramp to get better entrypoint or panic sold too early and regretting why the interest in this share mystery eh? and also when was this company about to fold, as far as i can remeber their portfolio of tenants is really good with some major brands on some good leases and cash flow has always been good, yes the company may have seen their portfolio value go down but who hasnt with the recent downturn the main thing is this company still generated cash is positioned to prosper slightly earlier than most commercial properties around the country because of where its located and other professional companies want to own equity in the company to enjoy some of the capital appreciation and cash to be earned now why would a succesful property company who have better knowledge then us it all sounds positive to me and i cant wait till after olympic games with west ham football stadium, massive superstores and housing projects taking place near the target area so after the olympic the area is still prosperous learning some lessons from past olympic cities. this is only my opinion DYOR.
sulfur
Posts: 236
Opinion:No Opinion
Price:9.25
countryboy
16 Feb '11
so the office buildings, such as solar house, shown in their portfolio on their website are what? Think you spend too much time in the country and need to go to a town to see what offices look like.
countryboy
Posts: 19
Opinion:No Opinion
Price:9.00
MRMao
15 Feb '11
Dear MRMao - OTE do not have offices - the portfolio comprises retail shopping centres and industrial outlets. The shares are well below the recent offer price AND you will never receive any dividend on your investment. As I originally stated (confirmed by the independent Valuers) the portfolio is well down on the purchase prices due to OVERPAYING and the purchases were ill-timed and hasty. So capital growth, rental growth and dividend payments are out of the question. Why invest in this over geared company? Your reference to 'office space in London' is non existent. You really don't have any knowledge of this company but obviously your thought the shares looked cheap - and will remain so - the company was close to folding up until the recent share offer which has only postponed the inevitable.
MRMao
Posts: 875
Opinion:No Opinion
Price:9.00
countryboy
15 Feb '11
really?
In your opinion, others may feel different especially after todays news of short supply in office space in London and Upward pressure on rental.
"I can see Westbrook doing a deal with the larger shareholders to acquire the company on the cheap"
If they wanted to do that they could have at far less than 10.5p in the past. Nonsense.
countryboy
Posts: 19
Opinion:No Opinion
Price:8.88
OTE
11 Feb '11
I believe there is a carve up taking place behind the scenes. I can see Westbrook doing a deal with the larger shareholders to acquire the company on the cheap. I mean cheap and you, the present small shareholders, have reduced the borrowings of OTE - playing nicely into their plans. I feel that the current directors of OTE were fully aware of the game play and have some hidden agenda. After all Westbrook own 70% of the company. The shares WILL NOT appreciate neither will existing shareholders EVER receive any dividend. I cannot change my belief that OTE are a sell share because there is nothing in the kitty for small shareholders - no income growth, no capital appreciation, no dividend, nothing in the pot for you. And the board of directors say nothing.
sulfur
Posts: 236
Opinion:No Opinion
Price:8.88
mao
9 Feb '11
Am I missing something. I was offered the opportunity to participate in the placing at 10.5p but thought better of it as I could buy more cheaply. There was a take-up of 24+ million, but this was dwarfed by the 333+ million that were not taken up, thus resulting in Westbrook Investco owning around 70% of the company. How do you conclude that most iis added???
MRMao
Posts: 875
Opinion:No Opinion
Price:8.88
Less debt
8 Feb '11
More shares so what?
MRMao
Posts: 875
Opinion:No Opinion
Price:8.88
sulfur
8 Feb '11
YES are you, below placing price and most iis added in that placing.at 10.5p!!!!




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