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One can never legislate for tiny day to day swings on low volume. What interests me as a long term holder is that a div of 200 p is on the horizon early next year produced from bricks and mortar assets worth around twice market value. You can tuck into your xmas turkey without too much concern about any cash parked here.
to bev 88 can u explain what shows up the last few days i am baffled???
Hello Bev 88, I went to the AGM a lot of the talk was whether someone could join the board or not, and also disappointment at the dividend and money paid to directors. But I don't care particularly one way or another, all I know is that is a sound investment in a very well run company and I will be increasing my holding soon, just as I've sold off some other shares.
Recent knee op. sadly prevents attendance today but would welcome feedback. I have been looking through last 10 years' accounts and uplift of sales on trading properties from valuation is remarkably constant at 3 times. Clearly current asset value must be well north of £200 per share and given the proven quality of management this has been and still is an outstanding investment in residential property.
units aquired 117 of which 51 were Hamble and total cost 29.8 million units sold 182 total cost 60.1 million will Bev 88 be at the Agm i look forward to any comment?
Mountview offered lot 12 in today's Andrews and Robertson sale - a vacant long leasehold ground floor on bed flat in Melbourne Road, Ilford. The guide price was £195K +. The flat sold for £370 K. Healthy result.
annual report and accounts posted 14 july did u get yours this morning
Almost matching last year's terrific profit resulting from rush to beat tax changes this is a brilliant set of figures. I can't imagine a better home for a large chunk of my portfolio, No gimics, just a consistently well managed investment in residential property in the south east . Borrowings are minimal and dividends generous, all at a huge discount to asset value.
One of those trades was obviously a buy, and maybe the buyer want's more stock, hence the offer price rose.
14 million pounds of sales and theshare price goes up its a funney old world what say u bev 88
Today's reported buys at around 10900 are clearly sells as the best price to buy is around11200-otherwise l would have been in like a shot - seems to be mischief making on part of market makers - looking forward to another solid year when results out in a month or two . Recent large purchase by CEO tells us all we need to know.
31 march duncan sinclair buys 4 millions worth of shares and he is the head honcho nothing mentioned in rgulatory announcements WHY ? the company also dissapeared from simon thompsons radar?
In their post auction press release for their residential auction today (07.02.17) Barnard Marcus include this snippet of information:- "Mountview Estates PLC offered 6 lots and achieved 100% success rate with their sale prices combined at £1.774 Million, more than 20% above the guides"
🙂
One or two family members present of which I am not one or even closely involved, as with Daejan ,but long term investor in both- possibly my best investments in over 50 years.
what proportion of the agm attendendance were family members does that include Bev 88
Relax titeass- your recent purchase is a sound one. The CEO flagged up hectic year end transactions making a slower start inevitable this year. Focus on lower borrowings,increase in asset value and increase in price of sales relative to book value-implying net assets of over twice share price if all trading properties were revalued. This is a long term story rather than a quick fix and will continue to be my major investment by far.
today i bought 100 shares all i can see is the trade posted as a sell where r u bev 88
please try to explain the trades as posted interim due soon iexpect difficult to replace stock of cheaper properties and might have to splash out on a couple of penthouses lets hope the divy isgood
CEO Duncan Sinclair , assisted by the Company Secretary, pleased the well attended AGM today by highlighting a superb set of financial metrics the company has achieved in his presentation. He also stated that sale prices obtained had not noticeably changed since Brexit supporting his confident outlook for another good year ahead.
Once again great results. Bizarre selling must be forced selling by trackers and the like now shares no longer in all share index. Personally I couldn't care less and have bought more in the knowledge that the solid divs. are more than 3 times covered by rock solid assets with a likely massive appreciation of shareprice as a bonus-what's not to like?
bought 100 @ 104' 705 @ i6'28 lets hope tommorow ups the yield
The trades marked as purchases must have been sales as I couldn't get cheaper than £106 to buy all day .Seems like the market makers have been up to mischief. My boots are full -bottom line is you can't buy around £200 worth of expertly managed residential property for £106 anywhere else!
explain why this makes such a difference ? why should we be excluded ?
More importantly on June 16th the annual results are due which we await with eager anticipation . Anyone selling prior to these may well have cause for regret IMO.