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Think coverage in the Fnancial Times will have put this and its potential onto the radar too much for any real retrace - a few stops for breath maybe but nothing much more than that. Hope I'm right ! GL all

Ticking up on L2 after 2x5000 buys

Revenues up, profit up and debts reduced. Two brokers recommending buy. Hoping this will be a good recovery play. GLA

This is from the RNS announcing the deal in 2006 ' In return, Northacre's involvement will include fee income from Development Management and Architectural Services, as well as an entitlement to profit share, ranging from 5% to 50%, dependant upon the performance of the development returns.' Given the selling price per sq foot of these apartments has more than doubled and build costs are on target, the level of profit share should be way over the 5%.( Even if we take the extremely pessimistic, worst case scenario of 5% NTA shpuld get around 10 mill - still not bad for a co. with 10mill market cap) Broker note for MNR assumed 40% going to NTA - which could give them around 80 million.

Don't think MNR could buyout Northacre unless they made a very good offer. The profits from the Lancaster site could be as high as £200 million. With a 40 % share (broker assumed figure) going to NTA - that could give them £80 million - about 10 x its present market cap. Probably why directors were adding to holdings recently. Looking at recent interims and figures on their shareholder site - can't see anything that warrants any fears of them not surviving - especially as interest in Lancaster apartments is so high and sales at a premium going through. GL.

20,000 buy just gone through - hopefully this has turned the corner. GL all

Are you out of MNR now or just hedging your bets with NTA?

Broker note for MNR published on ADFVEN thread on Saturday assumes a 60/40 split of profits which would give a return to NTA way over its market cap.

Buys coming in at 33.7p .

Topped up . Directors bought more at 30p . Should prove a good entry level. GL all

More director buying announced this pm.

More director buys this week and announcing revenues are up and they no longer intend to delist. This may have potential as a good recovery play

Bought at 1.41 today. Can sell at 1.31

Good set of results - shall contiue to hold. 80p would be nice to see. Jarv.

Lasts year's results were announced mid November - so we should get something soon

Daniel Stewart has increased target sp to 151p .

Good results announced today plus a little dividend for those holding over the next few weks.

Daniel Stewart has had a target for these of 135p since May 2009. With recent capital raising through institutions at 80p. + the latest results I'm going to hang on to these as I think further gains are there to be made GLA

Can see one trade of 5472 at 18p.

Revenue and profits increasing year on year - sp only 33% of past highs - results due soon - Anyone out there with an opinion on these?