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See a journalist has written this week re Minerva ' But a 60:40 joint venture with Northacre to build 80 flats in Lancaster Gate, W2, has netted the jv £230m in advance sales for half the multi-million-pound apartments." With profits looking to be over150 million - that would net NTA profits of at least 60 million.

Agree - lots of news to come here in the very near future , MNR can't stay stum for long and updates re Lancaster sales should provide more buying confidence.

Looking at director dealings can see why this may be the case. Nilsson recently added to his holding and now has over 5 million shares.

See thar Hunter, ex NTA CEO, said in a recent interview re The Lancasters ,16 Jul 2010 ... “My ex-co-founder partner stands to do very well out of it,”

From property article June 15 , 2010 'the prime areas in Central London continue to enjoy the overseas feeding frenzy resulting from the continuing weakness of the UK£ and the fear of investment within the Eurozone, .."

Agree - looks like foreign demand is building in strength - positive article in Guardian yesterday re strong Asian demand for London prime.

I think the figures I saw some time ago indicated around 30% - since the there's been lots of news re high foreign demand from Greeks and Asians - so hopefully sales are doing well. Have just found this re Russian demand for London property. Tuesday, 01 June 2010 Russians lead demand for prime property in London with number increasing by 112% in the last 2 month Russian London buying surge Demand from Russian buyers is pushing up the price of prime property in central London, according to a new report. Prices increased by 1.4% in May, the 14th consecutive monthly rise and are now 23% higher than they were at their lowest point in March last year, the latest Central London Residential Index from Knight Frank shows. But prices are still 6.4% below the market peak of March 2008 market peak

From Housing Market News May 28 2010 Demand for prime property (the top 25 per cent of all UK property by value) increased in May, according to primelocation.com, pushing up prices as the top end of the market escaped the effects of the political uncertainty and jitters surrounding the election. The site’s “prime index” shows that the average value of such property rose by 0.6 per cent in May, to £452,563, and experienced annual growth of 1.9 per cent.

Think today's trades are all buys - I just got a quote for 80.1 to buy.

Some large buys going through today. 2x 750,000 trades just gone through at 53.5.

Now up 7% - confidence may have returned here due to director purchase.

Director added over 2 million to his holding this week at 28p. . He now owns nearly 30%. Interesting to see what pans out here. GL

Perhaps fears over the Euro will boost NTA profits - from article dated May 11th , 2010 “The real bright spot throughout the market has been international demand. These buyers have been taking an ever larger share of the market following the weakening of the pound. The number and range of nationalities widens every month, with German, Indian, ****stani and Greek buyers all coming through at the current time. “Ironically there does seem to have been a positive impact on the London market from the current Eurozone sovereign debt crisis, with European buyers becoming much more active. With the current crisis focused on Greece there has been a direct impact in terms of demand from this source. “Greeks have averaged around 3% of all prime central London £2m+ purchases over the last three years, however in the six months to the end of March their share of the market has doubled to 6%, still well below the 13% accounted for by Italians, and the 15% by Russians. Rupert des Forges, partner, Knight Frank Knightsbridge, commented: “There has been a real trend for wealthy Greek families to invest in UK property for a variety of reasons – but the "safe haven" driver is a big one. “Over the past two months the demand from all nationalities in central London has risen, but Greek buyers have defiantly been especially active and have been competing hard for the limited number of high quality properties currently available.”

Think some, if not all, of the trades were buys on Friday as you could buy under the quoted sp of 2.1.

magic - have joned you here on this one . Hopefully just a matter of time before others realise the potential here. GL and thanks for the posts.

Joint venture announced today with equity group gives NTA acccess to finance for more development projects. Hope to see further increases on this news and the success of Lancaster site. Recent FT article indicates Lancasters selling at £2600 per sq. foot GLA

Colllins Stewart have reiterated a buy recommendation with target of 13p ( 8/04/10)

Topped up today on the news of asset disposal. Should work out well for share holders. GL

Up again .

Put a few of these in my ISA last month - keeps ticking up. GL if there's any one out there holding these.