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You needed buy another house to be in the property market. Stick some of these shares in your share ISA and pay no tax on dividends, no capital gains, or have problems collecting the rent or undertaking maintenance and get a decent return on your outlay. Looks like a win, win, win to me.
Hansteen are run by 2 seasoned campaigners.Mucklows half yearly report today highlights increased demand for second hand space in the Midlands and an increasing appetite for industrial property by the institutional market depressing yields .You can guarantee that Hansteen will choose the optimum time to jettison stock and release value as they did with Ashtenne
Thanks for that.
I agree ,they have made some very shrewd investments in Europe over the last 2 years getting excellent returns and potential for enhancement.Assuming Europe gets back to normality we should reap our rewards.I`m also in LMP& NRR both doing well and offering decent yields.which I need in retirement.
Full Year Results on 9th March 2015.
I've held Hansteen for quite a while and will add more soon. The introduction of quantative easing in Europe, should be good for the Company which has a good yield. I see it as a long term hold, along with British Land.
I've recently bought Hansteen and it seems like a good defensive share for the longer term. When the stock market gets volatile it seems to hold its own, although it is underpinned by the overall health of the European property sector. I'd recommend it as part of a balanced and diversified portfolio.
Schroders who are suffering some heavy redemptions in their smaller company funds after an extremely poor year.As a consequence they are jettisoning what can only be described as some of their solid shares like Hansteen where there is a steady demand.I am confident that the SP here will rise when this barrier is ultimately removed when Schroders have satisfied their requirements
The SP has been pretty pedestrian but the yields are hardening for industrial property investment.What you can guarantee is that Hansteen will choose the optimum time to sell the individual estates and bank the profits
With the current rent roll at levels relative to the portfolio valuation the entire holding is valued proprtionate to invested working capital. Institutional investors remain alongside private investors who, for the most part, seem content with the companies financials and operational value proposition. Domestic markets in the UK and in central amd westerm Europe remain and with the liklihood of further market developments it has to be said the the overall outlook for this stock is as forcast.
Nice buying today, wonder if it's to do with ex divi on 24th April? Good yield, nice to be ahead for a change. Think we could double our outlay on this one! The share price generally follows good news.
Interesting!
Next property portfolio revaluation will show a healthy improvement .Industrial investment market very buoyant at th e moment higher prices being paid .Particularly encouraging is the market are paying better prices for units with shorter leases which it steered well clear of over the last few years
Great News they finally done it by taking a26.%% stake in The Ashtenne fund which has put Warners into administration Also getting a chunky regional office property which they will gradually dispose of in the market They have spent the last 12 months getting the ducks in line to enable them to do this.Great management great company Great Investment
New high today.Expecting anytime soon that the willl be acquiring the £477m Ashtenne portfolio from Warner Estates.whose accounts just out and chairmans statement basically saying an orderly wind own of assets and clearly Hansteen is the spiritual home for the Ashtenne portfolio return of an old friend with a severe price haircut.suspect somewhere around the 9.5/10% mark on current income
Hansteen Holdings has launched an offering of 100m euros of unsecured convertible bonds. The company said proceeds of the offering will be used to refinance its existing debt and to provide funds for future growth. Bonds will be issued by Hansteen (Jersey) Securities, a wholly-owned subsidiary of the company. The bonds, which will have a stated maturity date of July 15th 2018, are expected to carry a coupon of between 3.25% and 4.00% per annum payable semi-annually in arrear. They will be convertible into ordinary shares of the company. The initial conversion price is expected to be set at a premium of between 22.5% and 27.5% above the volume weighted average price of the shares between launch and pricing, and will be subject to adjustments pursuant to the terms and conditions of the bonds. An application will be made for the bonds to be listed on the Official List of the UK Listing Authority and admitted to trading on the Professional Securities Market of the London Stock Exchange, after the settlement date but prior to the first interest payment date in respect of the bonds.
Hansteen announced today the launch of a £100m convertible bond expiring in 3 years showing 3.25%/4% with a discount of 22% or thereabouts on conversion to shares I can see why the company wants to do this in order to retain some flexibilty when renegotiating debt The proposed yield not particularly flattering to the punter but attractive conversion rate. Market response so far SP wise has been negative.Anyone have any views of overall effect of this bond on current shareholders and SP
All quiet here on the postings.Retraced back from over 90p.Unsure why but suspect that it wont be long before this moves forward again.Sneaking suspicion they are gearing up for a major purchase-they must still be monitoring the situation with Warner Estatesand the Ashtenne Portfolio. Quite happy to buy in at this levels
Reporting Monday weakness of £ must have helped with their European portfolio. Suspect voids been reduced slightly steady as she goes Industrial investment market is one sector which is quite strong
Thanks for info, looking for weakness in the market to top up, profit takers will out in force i feel on any bad news on the economy
The fall in the value of the £ aginst the Euro almost 10% since last summer when Hansteen last reported will have had a beneficial effect on their European portfolio income They have been buying in new stock at some advantageous yields on mainland Europe
Yes Appleby Terrace Hill Still worth buying in . They have a satellite of small regional offices with active regional directors. I deal with the guy in their Bristol Office Plenty of prelet/sold foodstores on the go just a question of planning so no huge upfront costs tend to option all their sites or conditional on planning They are\ also doing afew student accomodation deals and have a good site in Conduit Street Traditional developer with no capital type of deals I have bought into Conygar who have a site just about to start in Haverfordwest for Sainsburys which will pump prime some residential Ex MEPC guys Telford Home still have some legs and should continue their rise They have been hugely successful in their overseas marketing bringing in a huge influx of foreign investors buying off plan
I sold a few of these today to lock in some profit, shareprice looks solid. Like the look of TERRACE HILL any thoughts
A lot of positive comment amongst the analysts about SEGRO great dividends.Disapatched a lot of non core assets blah blah must go placefor industrial property investors .We know different its exactly the non core assets "regional sheds" that Hansteen are hoovering up SEGRO were selling at 8% plus and had to provide some rental guarantees to shift somne of the stock on the empty space Whos the Daddy then?
80 p barrier breached lets hope they locked the gate on the way through .Interestingly they used RBS for finance There are a few closed fund situations reaching their natural life coming to the market soon which no doubt Hansteen will be casting their eye over.This years revaluation of Uk assets im sure will be upgraded by 5% not sure of their European stock which took a hit last year whether there is any further movement downwards I think because of the uncertainty of Europe is the only reason why Hansteen havent gone over 90p