I guess there might be some anticipation that a decision on the Sainsburys application at Herne Bay is forthcoming it cant be that far off.This will of course have a material effect on Terrace Hills well being Probably in for a minimum of £350k of costs on this if it goes west and a considerable upside I guess of £4m plus profit.Quite hopeful here St Austell was abandoned with a raft of abortive costs
Stokesley is going to be difficult with the town in uproar so that isnt going to be a shoe in by any means.One bit of good news should spark a bit more enthusiasm with the SP here
Well they have traded themselves out of the recession .Managed to offload their residential portfolio which pared down overall indebtedness which in theory means they are well set up. Still 20% ahead in SP than this time last year They are trader developers and ostensibly are as good as their next deal Everything they are currently doing is going well so no problems there.What we need is news of anew deal to get this spoking Stay put Im sure things will get moving shortly
Not invested here at the moment (but definitely looking hard) largely because of the negative sentiment that seems to surround this share at the moment. Not sure why. Share seems good value with market cap < equity, change of focus towards retail largely in place and the prospect of dividends. Surely some recovery of regional property values likely to accompany general uplift of UK economy mid term. In other words, fundamentals look good, but sp still looks like its drifting down short term. Interested to know what those of you invested long term make of all this.
The price of this share is being kept up, you have day after day of low volume sales, when the price dribbles down , then a single purchase and it jumps a penny or two. This needs to drop to mid teens to be of interest to me, it just aint going anywhere.
The price hasnt kept up its spiralled down from 36p This reflected the fact I think that no divi was announced ..Appleby you have changed your tune you said you were a large buyer at 20/22p a few months back and things havent changed much since then They are in good shape having jettisoned their debt Foodstores if anything have upped their ante on new sites if anything Demand for new sites is always kept high because of planning constraints As any developer/trader they are essentially as good as their next deal.They have some good site finders and I have every confidence in them .Definitley worth buying back in this level
Cant see what is keeping this price up, constant selling, 3 month graph clearly dropping , bit of a short term uplift on a minor deal in London , but if relaying on foodstore segment of property market not a good move. Just look at the retailer results coming through Morrisons, Tesco etc . I like this company but only at 10 - 15p max.
Surprising that TH have made no mention of this on their website as quite a frothy retail rental and an important letting substantiating the value of the building. However They are only project managers and will receive some form of profit share guessing 10 / 20% probably?? £2m plus I guess when sold or physically complete should the fund decide to retain the investment-it all helps
Yes thats the one. Top retail rent .Good letting as they are taking a floor of offices as well.and on a 15 year lease without break Only small neg is that they didnt let the whole building to one occupier(unlikley anyway) and that more than likely one or 2 other tenants in the building which will slightly effect its capital value My guesstimate of potentially end value £32m assuming upper floors let at a similar level
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