Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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From FT webpages; "The 10 analysts offering 12 month price targets for Workspace Group PLC (WKP:LSE) have a median target of 25.25, with a high estimate of 36.00 and a low estimate of 14.05. The median estimate represents a 14.77% increase from the last price of 22.00." I'll take 14.77% better than my savings account :)
Thanks, thet're trying with a different amount now, 398.
a lot of people believe these are signals between MM's indicating what they want, eg more shares, a drop in the sp etc. i don't know if its true but it would make sense because no one in their right mind would trade 1 share!
Why all the low number of buys. Surely to expensive to trade like this.
i have invested here..longterm sleeper..
seems stuck in the 21-23 range, i believe this is worth at least 25 but it seems to hit the 23 ceiling then retreat back everytime
"Uk REITS attractive to lenders" from Estates Gazette today. Workspace and Hammerson in process of refinancing £300 of debt, as UK's reit sector continues to prove attractive to lenders. Flexible office space company Workspace is understood to be in latter stages of refinancing £200m debt facility provided by GE The facility due to mature in 2012 and with the margin on the loan to increase from 200 to 300 basis points in Aug next, the co. is believed to be looking for longer term debt on less expensive terms Lloyds believed to have put out a term sheet to wkp. lloy already has a jv with co. after refinancing Glebe project last year. Other banks in discussion with Workspace in what would appear to be a club financing deal of a little less than £200m, include, inter alios, Eurohypo, Deutsche Pfandbrief Bank and Bayern LB. Rothschild advising Workspace. GLA
I haven't looked closely at hstn, but will do so. The reasons you are in there are precisely the reasons I'm in CIC. Those properties they bought at the end of 09 were secured because they had cash to settle the deal in 10 days. They have also added a banker to the Board which makes me think they'll get good visibility of the 'deals' that are available. Like you say, and they say in their last trading statement, not easy to do good deals at the moment with so much overseas cash looking to acquire UK real estate. I think the goodies will go to the savvy companies with the right contacts. I'm in CIC and WKP, and to a lesser degree in QED, for those reasons. My biggest holding is in MNR because I lucked into it in Augusta nd topped up in Oct. Unlike these others I'll be pleased to get out of MNR, where I don't have the same confidence int he BoD. That opportunity may come on Tuesday. GL
Thanks for the heads up on CIC. I haven't looked at them since I traded TAP at a bit of a profit last year prior to their takeover by CIC. I have invested in Hansteen (hstn) as I am an admirer of Morgan Jones and Ian Watson and mindful of the returns they got for shareholders of Ashtene over the years when they were involved there. hstn coverted to a reit and joined the main market a while ago. My stake is currently 13% down since prchse, but I am continuing to hold until I know whether or how they have been able to get their war chest invested. I am confident they will invest very wisely and with thorough due diligence. The difficulty at the moment is too much cash chasing to little decent real estate, but as the likes of Sir F...Goodwin Sands shipwrecked bank and others sort out their loan books and release more for sale more opportunities should present.. Otherwise mnr and cey prop up my portfolio, the remainder of which is focused on income generation. GL. R p.s. Do you remember how wkp spiked a while ago when Hansteen was rumoured to be about to bid?
Agree. I'm going to stick with WKP. As you say, there will be demand for office space from start ups and from tenants downsizing who want a more flexible cost base. On top of that, it wouldn't take too many Glebe disposals at a profit to see NAV shoot up , and there seems to be optimism about planning for a site in Kennington. I don't know the details. I'd love to see them dispose of the non core Glebe assets, pay down debt and deliver a nice low geared balance sheet ahead of int. rate increases. Not sure where else you are invested but I like the look of CIC for similar reasons.
Yes, my long term conviction is unaltered and bolstered by the factors you mention, also by the fact that they are able to take advantage of demand for nursery accommodation by business start ups, which many predict should return this year.
I don't really understand it either. This stock has traded over the last 6 months at about a 20% discount to NAV. Prior to interim statement it was getting very clsoe to that. at 21p its back in its comfort zone. Given the resilience its shown throguh the downturn I think it's worth more, but it's an unusual CP model and I don't think the city boys fully understand how to treat it. I'm not unhappy. I think the Glebe assets will drive value and for those of us still around in 2012, the Olympics should be boom time for WKP. If it goes under 20p, which I doubt, I'll be buying more.
It surely can't have been unreasonable to expect, with the recent positive figures released, that this would at least, edge up and hold a few clicks higher, but still stubbornly remaining around 21p. Am I missing something?
Here we are Mogo, we meet again. We can agree on this BB. If nothing else, it proves I'm not negative about everything. Unlike MNR I think WKP has a top quality Board and mgmt who have proven themselves over a long period. The Glebe deal is evidence. IMO this is a great stock. I came in last april and have topped up twice since Xmas. I see it a s a good long term hedge against rising inflation. There, that's me being positive :)
See my post about this on the MNR thread...
This looks good. An increase in NAV, in line with expectations, and good operating perfromance. Better still is that the revised NAV takes no real value from the Glebe assets. I see these driving sigificant value over the next 12-18 months. With dividends being paid and the model proven to be robust in the face of recession, IMO this looks a solid investment, and I trust Mr Roditi's judgement better than my own ! Top quality management here too.
All good at first glance, should see this rise a penny or so by the end of the week. Long term future looks bright. My target remains £1 by the end of 2012, with a 2p divi. Hopefully we will not see a t/o and the company sold off for a ridiculously low valuation.
www.investegate.co.uk/Article.aspx?id=201002030700075795G
Does anyone know what happens when/if Raditi increases his stake to 30%? Is it that he has to launch a takeover or that he can launch a takeover. Also, what kind of share premium could he be expected to pay if any takeover happens? Hoping for a good report tomorrow to help lift this back up to where it should be!
All these buyers and Roditi good news but why no upside on SP? Takeover on cards from Roditi in near future perhaps......
over 5 and 1/2 million already and still stuck at 22.00..buying in anticipation of a good IMS tomorrow? Or is it Mr Roditi buying up more for ????
thank you for that..I nterim M anagement S tatement...had tried boggling the letters and came up with a blank...look forward to reading it tomorrow.
does anybody know why these big buys are coming in could it be a good sign
It's the statement management make at the interim.