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Right Sainie I have won a share in the Euro millions do i invest more in this share or do i buy a pint of milk ( 8.40p wont go far these days ) Lol
As the fires raged through the bush today the pinetree of Hansteen stood proud and erect
Barrers minor retrace here on Friday probably due to Euro worries Take the opportunity to fill your boots for healthy dividend
Barrers well done .You want see any huge increases steady but sure moving up the leaderboard.They are all about increasing income improving their initial yields of average 8% by letting voids.. management ,rent reviews etc.Great dividends which will also incease.Company net value will also incease as revaluations improve Any strenghtening of the Euro will also help
I finally managed to prise open the old purse and grabbed a few of your favs. See i get there in the end. Lol Barrers
It wasnt a great sum for the German purchase in the whole scheme of things.They still have plenty in the locker.Looking at the parlous state of Warner Estates down to 1.7p valuing the company at under a £1m it looks like a flat pack is shortly to happen I would guess Hnasteen will be first in line for the Ashtenne Portfolio which is a substantial bit of kit which they will need more borrowings to faciltate.No doubt the existing lenders can be called upon to assist.Hope they buy it
Looking at finances with what they have been spending, it looks to me that they will probably be doing a fundraising again very soon
another shrewd purchase by the industrial property maestros in Germany 13.27% running yield with potential further upside if euro strengthens at a third of newbuild costs what a deal
Off on travels tomorrow for a few months before i start in Sheffield, have a good summer hope these shares deliver for you.
Appleby Real shortage of stock out there at the moment to satisfy investor demand Becoming increasingly polarised yields shortening for safe dry bets.I am holding a numbe rof requirements for multi let estates 1988 plus dont mind a couple of voids or short leases in fact just like the stock Hansteen buys I am sure next revaluation we will see an extra 1 yp multiplier
Not jumping in to this share yet , i want a real hicup in the system then lumping in. Picking up a unit in sheffield area, total wreck loads of problems for £200k. Will do £250k pa once done. Got about £750k conversion costs, end up with 40 units at 2000sf foot each .Deals are out there.
about time you got your buying boots on here appleby
Binned the camberley one, got out bid on lot 27 , very underlet, offered £550k , thanks
Appleby You will have to take your gloves off with Camberley but as you say it will wash its face whilst you get it singing and dancing .The office rents look well over the top reversion to SFA rent roll averaging £10 per sq.ft Should get it fairly cheap Just looking at the results some fairly decent prices being paid
Unfortunately Hansteen are heavily weighted in Europe and are thus prone to currency fluctuations .I cant see this is going to be too much of a problem as they have hedged and still plenty of income genmerated there to cushion The important point they have made is that they are all tooled up for a major acquiistion. As the lending market gets even more tougher for average Joe to get stuck in Hasteen will be able to chase some exciting purchases in the UK which should balance up the portfolio.Its tough out there thats why its important to have a steady hand on the rudder which Hansteen mamagement certainly are steady as she goes The other point is that in a weak market nobody is engaged in newbuild .Older stock becomes obsolete and the middle ground which Hansteen owns tend to benefit as the market curves back up
Any thought an all slopps commercial lots 27 and 79 both failed to sell, sort of crap i like.
HANSTEEN SUFFERING FROM EURO COLLAPSE Hansteen Holdings, the UK and Europe focused real estate investment trust (REIT), is warning it faces currency headwinds as the debt crisis weakens the euro. In its management statement Hansteen, which buys then rents industrial properties in Germany, Benelux and the UK says: “The euro has weakened further against sterling, as a result there will be an adverse currency effect on reported earnings and net asset value”. Operationally, the company’s “total rent roll” - or regular rental income - had fallen to £76.4m by the end of April versus £79.3m at the end of December. Hansteen says currency movements were responsible for £1.5m of this drop and a decline in sales added a further £1m. Since the beginning of the year the group had sold 10 properties, raising £25m at an average price 4.5% above December 31st valuations. Net debt by April 30th had fallen to £275m from £306.9m in December - it now stands at 36% of the value of Hansteen’s portfolio. The firm says occupational demand in Germany is "robust", and in the UK it is "stable but competitive" but in Benelux "the market continues to be difficult.” At the open in London the stock dropped 1.8% and is now 6.6% down since the beginning of 2012. Source: http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20107034
Appleby I used to be an agent in Birmingham for 25 years mainly sheds /retail warehousing /motor trade you could do no worse by having a word with Neil Harris of Harris Lamb who has his ear to the ground trustworthy and straightforward or Black Country Noel Muscutt of Bulleys no doubt you have your own contacts ust bought some of the Easter prtfolio for asmall London fund all pretty dry
I prefer Midlands and north London, I dont go south of the m4, i know a very active trader based in Bristol that covers the south west, if you can give me some figures i will run it past him. Dont need site address just £psf purchase , unit size and how much can be backed out at what price. He normally pays referal fees at 1%
appleby I told you I had a portfolio up for grabs in South Wales you could have had a butchers when you were there Newport , Llantrisant ,Gorseinon Pontypridd and Bridgend Or how about a big shed in \plymouth which has low densit a nd capableof being divided without too much trouble Local agent I know says he ahas got a couple of occupiers who would take space on a back to back to limit your risk something is going to give shortly at Warners
No leeks sheep had eaten them all, yes yes i know you shag them we eat them. Estate was skewfields, i was impressed with South Wales, very busy area, spent allday there. I dont sell much , my plan is buy empty cheap units, split into smaller multi lets, create an income , refinance pulling out cash and go again. I will probably hold for income till i kick the bucket .
Do you want to sell it? Thats a coincidence Cwmbran was my home town The estate you must have viisted was at Ty coch Llantarnam Got on ethereis ftou want ione.Allthe estes are ex Development Corporation a bit like Stevenage but more leeks Hansteen have the firepower already in place lets hope they can buy it like you can at 23%!
Strange that, i was on a Ashtenne site yesterday just outside Cwmbran, South Wales. It looked well managed and had a busy feel to it. Prefer them to buy out Ashteen at 8 yp(12.5%) its a no brainer. There aint going to be to many surprises , a big lump of money to find at the moment. ON a general trade note, i just got safe to lend on £700K on 12yr fixed rate money from lloyds on a 12yr repayment loan fully ammortized at 5.75%, asset is producing 23% on short leases, multi let, to local tenants. Took 6 weeks start to finish, my point is banks are returning.
Take a look at Warner Estates website The Ashtenne portfolio was valued last year at £563 m with an income of c£47m dont know what the voids are like but it seems to be showing a running yield of 8% This acquisition would then weight Hansteens portfolio to the UK which has to be a good thing.Maybe they can swing it for £400m
Appleby. Warner Estates shares are down to 1.5p today a bit of a dead cat bounce yesterday.its not going to be long before the banks pull the rug.I understand their loans fall in later this year.Company have already disclose a negative valueof 0.48p per share so its going to take a seismic shift in the property market before that deficeit is reduced Thereis no prudent reason to keep them going the mamgement are not adding value just a high overhead So its only a matterof time before Hansteen makes its attempt to secure the "Ashtenne " portfolio.It will be like trying on an old pair of slippers well loved but a little more battered and torn since first worn.I hope sentiment doesnt interfere with their i valuation.They wont have it all their own way there are other bidders out there Highcross and a few investment houses and maybe a few funds I diagree that this purchase might immedaitely neg the share price short term .What it will do is to substantially increase their Uk portfolio and bring it close to par value wise with their European kit where the worries lie Must be a positive Maybe Im talking through my pocket Interesting times ahead