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Yes , they appear to be building a position here . -------------- myself have consolidated my position here (derisked) , closing out my float position , leaving my core (5 figure) shareholding invested for my s/p target ( this core shareholding entry , now sub s/p@5p ). BW Wraith
A couple of nice buys just through. I can only assume that stock is quite tightly held hence the drops on the bid to gather stock. I don't mind saying that I was a little fearful on the drop today. I think we will see this pattern continue... ..drop the bid, shake them out, fill orders. My only concern would be how far they would take it. G.L.
Sounds like they are accumulating then. Good news.
Ref : your Question ---- " Is Cred Suisse a new investor or are they just topping up ?" ---- 9th July 2010 - Holdings in Company :- http://www.northacre.co.uk/pdfs/9-July-2010-NORTHACRE-PLC.pdf ----- Source: http://www.northacre.co.uk/accounts.asp . ----- 5. Date of the transaction and date on which the threshold is crossed or reached: 08.07.2010 ------- BW Wraith
As a PI whose biggest concern is cashfow, I see the Vicarage news as very welcome. The profit from Lanc will be in profit share rather than equity so profit share suits me fine. As for being left in the cold, remember that a very large proportion of this company is owned by the bod. Also, I'd be surprised if Credit Suisse is invested for a quick 30 or 40%. We saw it at MNR too. II's came in and drove a quick 100-120% growth in the SP. It'll be interesting but for me Northacre is derisked as a result of this RNS. Let's see what the market thinks.
Northacre sold the Vicarage sounds like they needed the money ....again end up having to take a share of the profits ?
Except for the ones moving it in order to get quick money (bull trap) and the ondinary shareholder holds losses at some point. Just my view.
I think you are getting a bit ahead of yourself....its not that long ago Northacre sold there share of the Odeon to Minerva . Also mnr have a good support at 100p ....i just wonder where northacre is ? No matter how this is going up at some point it will topple and also at some point its support will become abvious !! At this point i wouldnt like to say but will show in the end allowing for the new shareholder ...anyone past this point could find themselves locked in with losses .GL all.
I wonder whether Northacre/Evans Randall are in discussions about buying Leinster or Odeon Kensington off MNR ? Leinster might be a very neat deal for both parties given proximity to Lancs. Generate some cash for MNR and an ideal site for Northacre. Just guessing but it would make sense.
bags to go for, like a three quid target as cheap land is bought up, as others have no cash do do it.
Is Cred Suisse a new investor or are they just topping up ? Looks like someone is happy to buy at 80.7. why would holders of this stock be selling now ? Am I missing something. Cred Suisse must have better visibility of the numbers than we do so they must be confident in the cash position. I'm very tempted to buy more.
That's very good news. some more II interest will help drive this further.
http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10597810 Well, if it's good enough for them. :-) Quite often we see the bid drop only to see a buy order through later. I'd be happy to see it continue if we move forward with a small tick up each day.
Just spotted my rather obvious typo yesterday. I meant £2 and not £20, although the latter would be very nice I think that may be beyond them !
Come on baby, keep climbing
I think you'll find management pretty much own it already. The chairman and acting CEO (Nilsson) has a big slug and the Middle Eastern investor, who sits on the Board and develops the mid east market is heavily into it too. I could envisage NTA easily building net assets very significantly if it survives to see MNR profit share. Hopefully they won't need RI before then but that wouldn't be the worst thing in the world either. there's a lot of risk here still, MNR's survival, NTA's survival, a lot of flats to be sold and paid for, but I ould be less surprised to see this at £20 by the end of the year than I would MNR. It would be nice f they both got there wouldn't it !
thanks for that insight Lets hope it heads further north instead of a southerly slide
Takeover could be management buy out £2 per share will cost 30 million aprox.estimates from Lancasters alone will cover this.BUT STILL NOT SURE
It's a question of whether you think NTA can survive without need for more cash. the latest results indicate that the company can survive long enough to realise value from Lancs and pipeline developments. On that basis it looks very cheap. All the fuss here is about Lancs but if you take a medium to long term view it's undeniable that Northacre has established itself as the premium development brand in London. I would expect them to be the developer of choice for those developing prime res property in London. IMO looking very cheap even at these higher prices - assuming you believe they have enough cash to survive. To me a takeover seems unlikely. Why would they sell up before relaising the cash from Lancs ? We'll see. MNR is held back by cash fears, board room battles and concerns about unlet cmcl space. the only good news story there is Lancs. I'm expecting them to focus on Lancs in their forthcoming 'anti Kirsch' communications and that should drive NTA. It doesn't have any of MNRs baggage.
is it the takeover that person was mentioning?
Im still not sure here something is a drift but cant put my finger on it
Am in for a bit yet, i paid 79.5 lol
I got 15k at 72 but sold out at 78
got 9000 in the end just incase he is right
No misunderstanding , hope all is good with yourself ? BW Wraith