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Will this share ever move up from it's current band, excellent value at current price for a solid no fireworks company, just think it is undervalued at current levels!
Completed the purchase of Ashteene , question is did they pay to much with shed prices falling . However they do know these properties well. May see a new venture from Watkins and Jones, as they prepare for next cycle, hence their capital extraction.
My main concern is Watkin and Jones normally call the market right having timed the market to perfection with Ashtenne last time around with the sale to Warner Estates.Any exit strategy has been hit by Brexit and funds currently putting stock onto the market to meet redemptions albeit these are mainly trophy office buildings doesnt help .Maybe BNP Paribas is in this boat rather than possibly any concerns about European portfolio More concerned with Watkin and jones selling a chunk of their sharesin March at 105p Low interest regime just mean those gaps between income and interest paid getting wider Opportunities to achieve some sales from individual break ups especially owner occupier buys .Very happy to remain in at these levels.
Cutting exposure to this share , that's a worrying development . Good news on interest cost reduction and lengthening of loan maturity Netherlands stock.
European Estates Rental Income benefiting from weakening £ Number of German funds pulling out of UK deals so maybe eyeing up some of Hansteens kit Most of their individual units are under 10k sq.ft and its steady as she goes As Appleby points out well run company with income flow No better place to be in property at the moment
Is Hstn a loser from Brexit?
Looking to enter here if divvy goes over 7.5% . good well run outfit
Crazy sp in this sector segro much worse at about 20% below nav .
I agree and don't really understand why this share is now valued at less than asset values. Added to your comments I'm attracted by the good dividend yield as well as capital growth potential. Added another 5000 shares this afternoon.
Looking very attractively priced Majority of portfolio bought at relatively high yields Great income and breakup potential Continuing low interest regime and demand from institutional market makes this a great company to park your money especially when its £75 +per sq,ft to build a bog standard industrial unit -thats ignoring currency play on EU estates
Gbp drop versus Euro will have pushed up NAV in GBP terms
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/WKP/12694609.html Industrial Investment market in great shape. Very smokey yield
Afraid I didn't get out of MAR in time. They have at least cleaned out the board. Late in filing accounts , presumably they need to get a few things sorted so the can provide some sort of clarity at that time. Happy with rest of portfolio if a bit frustrated in short term that SP's seem to lag. Really confident that HSTN will do well for me and always confident in TEF - think somewhere down the line the challenge is going to be when to exit ( expect minimum £6 but could be higher in a few years time)
Yes MAR was a salutary lesson. Lucky escape with some damage but it could have been worse.Did you manage to get out?I should have made afew phone calls a bit earlierbeing involved for many yeras in property in the W Mids as the word on the street was that they had been free and easy with the chequebook and had been overpaying Polar opposite to Hansteen where you couldnt ask for steadier hands on the rudder .Voids have been filling upon the industrial estates and with their usual impeccable timing will no doubt choose the right time to exit Plenty of institutional buyers will be keen to buy some of the stock Despite spouting patience n Inland I managed to sell out just before the recent spike up!! but TEF were looking a little too tempting on the retrace
My whole portfolio is full of shares that I'm very confident in and seem "no brainers". I keep reviewing as my portfolio has inevitably been hit in the last few weeks but in most cases the underlying business seems strong (MAR being the only exception that I can't do anything about) I have topped up recently in BVS , TEF. INL and LVD as well as HSTN. All seem undervalued and I'm happy to be patient. You seem to be invested or at least interested in most of these so hopefully we are on track for a reward somewhere down the line. Difficult to fight the market in the short term but I have 3 years until I can get to my SIPP so I no rush.
Yes I agree Total no brainer Their portfolio is showing a running yield of 9% Cheap borrowing available to them and book value of properties averaging about 20% under cost of new build with a currency play for their German ,Dutch and Belgian portfolios
Reread the half year results again and have decided to top up. The Euro/sterling rate has moved in the last six weeks and I have read some reports that suggest this may continue. This will help European portfolio and the UK business still seems strong. Good dividend payer and plenty of cash to continue to make acquisitions. Share Price seems too low and this is a share that I'm pretty confident will give a good if not spectacular return.
Yes seems to be roped up with the residential property boats in the falling tide .Nothing changed industrial property is becoming more attractive both yield and demand wise Still significant margins over and above margins and possible improvment in the Euro will scoop upo their high yielding European portfolio .Manged by the best in the business and Hansteen could carve this now and crystallise some excellent gains
Market doesn't like Hansteen at the moment. A perfectly solid property company. But what do I know! Good time to buy I think.
I got in here three years ago at c.88p and have never looked back. Great stock this one. Good dividends too. Solid gold easy action !
Why is this share so shorted it is in fourth place of the top shorted shares ?
Rarely buy right at a high. But I like price action to it. So worth a punt to gap up.
Looking at today's close, this is one that really wants to.open with a big gap to north side. Last two days not showing much fear of high. Dangerous to buy here though. Like to see it get through, or gap up just a penny above 125. Markets never that kind. Might have to punt this one lol
Hansteen a good property investment: Hansteen invests in commercial property across the U.K. and Europe, and the management team have a proven track record of delivering steady profits and dividend income. The company eschews the glitzier and grossly overpriced type of city centre office blocks and instead focuses on harder working industrial properties such as out of town warehouses. The property portfolio had a value of £1.6 billion at the end of last year with about 50% in Germany, 30% in the U.K., and 20% in the Netherlands, France and Belgium. The German property portfolio is focused on the Mittelstand – medium-sized Owner-managed businesses that form the industrial backbone of the nation. The profits jumped to a record £131.2 million last year but are lumpy as they are skewed by property sales. The company is also a yield play as it generates rental income at a yield of 8.6% but only pays 3.9% on its borrowings, with the difference flowing back to the company and investors. The fund has a loan-to-value ratio of 41% which looks sensible. The shares have gained 8% and paid a 5p dividend since the last time we looked at them (Buy, 113.5p, February 12). The shares trade on 19 times forecast earnings and pay a prospective dividend of 4.4% and for the long term investor they remain attractive. Hansteen at 122.9p. Questor Says “Buy”.
Nice recovery after pullback following their last results. Can they break 120p and continue the bull trend?