Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The marina here is becoming full of very big "Gin Palaces". The new money seems very keen to acquire these. The small yachts now look very out of place and dated. Lets hope Sutton Harbour are attracting the same. Myself I am considering downsizing to a coracle..
Nice to see another poster at last. Seems at the moment all the real news is happening on the waterfront. The last update though covers just about everything including the airport. With a fair wind this will prove a very sound investment but will take time...Still we must be due another rns soon methinks.
Hello Spindok. You'll be pleased to hear you're not alone on this board. I'm up in West Yorkshire, a long way from SUH but, like you, I believe this stock is a good long term bet. I actually sold my entire holding about a year ago and more or less broke even. However I am now looking to get back in. To be honest I'm a bit out of touch - any chance you can briefly update me on what's happening with the air port site please ?. Thanks. The very best of luck. If you post here from time to time then I will pick up on your comments and reply/post when I can. Thanks Buchanner.
Talking to myself is becoming a habit. Last trade was a buy...
his remains a very lonely board. Few have spotted that the weather this summer was superb and good weather for SUH means profit. They are steaming ahead with their re development scheme and beginning work on the old airport site. The new marina is up and running so the sp has a long way to go .. There will perhaps be a few bumps along the way but in five years time this company will look very different methinks..
typo.. Have.. This is a very quiet place so usually sleep a lot..zzz
Shhh This board is mine.. You can a little bit if want though..
nice rise of late here. think it was recd by IC not long ago.
Company is putting forward new plans for the harbour... Airport must follow..
This is beginning to get noticed by a few and the potential to go much further is becoming clear. Sadly for many slow and steady progress is boring and there is no reason to shout boom..
Slowly and steadily moving toward a year high.. Very lonely old board though..
Good volume again today... Thought we would get a tic up today buy hey ho..
Must be getting "Imminent" ...
This has been a lonely old board but suddenly it has come alive. Just nice to see my conviction has started to pay off.... Onwards and upwards me hopes..
There is no dividend payment at the moment. However, higher revenue and lower costs allow Sutton Harbour to trade profitably without any development profits. Crystalising the underlying value will take time. But with so much locked-in value, and trading at a near 25 per cent discount to net asset value, at some point that discount has to start to narrow
There are other revenue streams and potential financial gains to consider, too. The fisheries complex is the second largest of its kind in England and will benefit from £1.2m of infrastructure investment in coming years. Despite the horrific storms that battered the south coast earlier this year, the value of fish landed remained broadly flat. The auction system it operates has attracted fish landed elsewhere to be driven by road to take advantage of the key pricing system in place. All fish landed or delivered attract a commission payable to Sutton Harbour. Parking is also restricted in the area, so the group's car park has seen gross revenue up nearly 8 per cent in the year to March, and further developments on the harbour front are expected to boost demand for parking space still further................... A subject of considerable local controversy, the former airport - closed three years ago - now looks destined for redevelopment at some stage, and the 113-acre site is currently subject to a full planning application which, if successful, will almost certainly be developed to help meet the current housing shortage. Of the proceeds generated, Sutton Harbour is entitled to one quarter. The major attraction with shares in Sutton Harbour is that very little of all this is reflected in the share price. The latest total estate portfolio valuation rose at the March year-end to £38.5m, far more than the group's market value of around £30m, despite the significant development potential.
Sutton Harbour (SUH) is a work in progress that has passed below the radar of many investors. It says something that the primary regenerator of Plymouth's harbour seafront is still classified as part of the industrial transportation rather than real estate sector. However, within the harbour front, the multi-story car park, the fish market and the closed airport it owns, there is some serious value that has yet to be reflected in the share price. Plymouth is steeped in history, and yet this is not being exploited to the extent that it could be. Sutton Harbour has been steadily improving the water front and marina facilities there, starting with the installation of a lock gate in the harbour. This enabled a transformation from a tidal basin into a yachting marina. Mooring fees are about at the top end of what is charged in the south-west, but are still around half what is charged further up the coast towards Brighton. Occupancy levels are near to full, and another marina at King Point has recently been developed, and is already more than half full. A new and very popular restaurant is also operating there. Chief executive Jason Schofield admits that there is still plenty to do towards making the waterfront an all-inclusive, joined-up experience. In fact, it will probably take another six years before all the entry points and all-round accessibility aspects are brought up to scratch. New lettings of vacant space proceed apace, but there is plenty of further potential, with occupancy rates currently at 86.4 per cent.
Investors Chronicle Tip of the Week.
Seems to be that plans to re open the airport have colapsed leaving the council and SHH to move toward re development of the airport site...This is a slow burner..
Leak of news? A flood of buying. Trading volumes in the first 10mins today are already a huge 10 times the entire daily average.
Why...been in this for over a year and it us usually a zzz
Up +12% now. Huge flood of buys this morning.
Seems like there is currently an action group which is proposing a new scheme for the boardwalk.. May be useful if the residents are in favour..
The airport site is the key to this company making serious headway. It is doing ok and turned in a profit. It is certainly worth a small position..
Should get some figures by the end of the month. Fairly confident this is making headway..