Member Info for chrisc32

Thought there'd be a lot more interest in this one today! Views welcome. Apparently trading at a substantial discount to NAV - not without some risk, but potentially very high reward. DYOR. RNS Number : 0978Y Matrix European Real Estate Inv Tst 27 August 2009 Matrix European Real Estate Investment Trust Limited Preliminary Expression of Interest from a Third Party The Board notes the movement in its share price and confirms that it has received a preliminary expression of interest from a third party. For the purposes of the Takeover Code such an expression of interest constitutes an approach. No discussions have taken place in regard to possible terms, and there can be no certainty that an offer will be made by the third party. A further announcement will be made when appropriate.

Looking good!

Can someone confirm whether this is likely to be a buy??

I agree - has had a little break, now onwards and upwards IMO. dyor etc Trading at 50+% discount to NAV let's not forget!

Very interesting indeed- thanks for pointing that out Dizzy!

I can't actually seeing this retracing back to those levels again - top up opportunity was today IMO. Strong end to the day, up strongly on Monday wouldn't surprise.

OK - so what do you guys make of the large buys at about 169.5 / 169.75 late in the day. Pushing £1m worth of shares!!!! Reason for the retrace perhaps?

Agree Thomkat. This is THE share I hold in which I have most confidence that the SP will climb further, together with maybe BAO.

I can't see any retrace happening here at all - much too much buying pressure, and currently still significantly discounted to NAV. I can see this at least touching £2 tomorrow. I too can see this breaking £2 before long. If it were to dip (I don't think it will) many people would buy and it would zip straight back up. Still undervalued this one - despite the recent rises. Holding from 110p on the back of the 2nd director buy. Wish I'd gone with instincts and bought on the first.

... if you look at the trades. I expect the same tomorrow when a few more people have digested the content of the RNS. Clearly worth more than current valuation in my book. DYOR

any views as to whether or how this might impact upon the sp this week? http://www.dailymail.co.uk/money/article-1120610/Schroders-bid-New-Star-buy.html

See the news section ... 10-JAN-2009 22:20 LONDON, Jan 10 (Reuters) - British investment firm Schroders has made an offer to buy troubled fund manager New Star Asset Management, the Sunday Telegraph said in an unsourced report. Schroders has submitted a bid worth more than 100 million pounds ($150 million), the paper said. It said rivals Neptune Investment Management, Henderson and an unnamed private equity firm were also believed to have made indicative proposals prior to a deadline last week. Other potential bidders include Aberdeen Asset Management and private equity group Hellman & Friedman, the paper said. New Star agreed a debt for equity swap with banks in December, under which a syndicate owed about 240 million pounds will end up owning some 75 percent of the firm.