Member Info for Gerry557

I'll take some at 20% discount. Just cant find them though. Did spot it was "down" on the day but couldn't find any for sale at that price...... pity!

Not even sure what this company does now, after all this kerfuffle. When the music stops can some one explain it, in nice simple terms. Whats that saying about only investing in something you understand!

Debt As noted above and as previously announced, on 16th April the Company completed a new £129.58 million refinance facility with Canada Life to refinance the previous securitised loan totalling £114.5 million that would otherwise have matured in July 2014. Details of the new loan and compliance with the principal covenants are set out below: Canada Life loan Maturity Interest rate (%) Loan to Value ('LTV') ratio* (%) LTV ratio covenant (%)* Interest cover ratio (%)** ICR ratio covenant (%)** Forward looking ICR ratio (%)*** Forward looking ICR ratio covenant (%)*** 103.7 16/04/2028 4.77 50.3 65 269 185 253 185 25.9 16/04/2023 * Loan balance divided by property value as at 30 June 2013 ** For the quarter preceding the Interest Payment Date ('IPD'), ((rental income received - void rates, void service charge and void insurance) / interest paid) *** For the quarter preceding the IPD, ((rental income received - void rates, void service charge and void insurance) / interest paid) As at 30 June 2013 the Company held cash outside the Canada Life security totalling £25.5 million. This results in a loan to value ratio, net of cash, of 40.4%.

Generally, rate increases are not good for these sort of businesses, the same effect if you had a mortgage really. In this case they have just refinanced their debts and cut the divi. The new management seem to be getting a grip and if things pick up in the economic climate then this should be ok. I cant remember if they are fixed rates but were just under 5% years ahead, check the RNS's. If rate rises start to become an issue, like your mortgage you can do some things to offset, overpay, increase your income etc. They seem to be generating more income, debt is now not seen as a major issue and voids are reducing. Divi is not yet fully covered but it is moving that way. Currently I dont see this as a major issue or becoming one in the near term. I think the google price is wrong, they often have share prices that show large changes only to return to normal when trading starts, really messes with my spreadsheets

Given a buy rating by IC today. Summarised "True, earnings downgrades have put pressure on the shares, but sales are expected to recover in the final quarter and Unilever remains on track to meet its full-year growth and margin targets. That may prompt the share price to blip upwards before too long, but it's the long-term argument in favour of Unilever that makes its shares a buy at these levels. Buy." With a P/E 18 and 3.3% yield for Growth. I don't think these are necessarily "cheap" and they may get more expensive but why didn't they suggest a buy last month when they were £2 cheaper? I am willing to top up but not at these prices at the moment. Might have to bide my time a bit more

Well its becoming a really long weekend ............ and its definitely "cheaper" If this keeps going it might be worth getting a few more

I suspect that they are in the same boat really, its just that they have a tad more on the line than most. Its it due to start trading again next week? Might not be the best of times!

Share tip summary While the PE ratio for the current year looks high at 20 times, versus 15 times for sector peer Atkins, that is a problem typical of a recovery story. Earnings are depressed at the beginning of the recovery, but the rating can shrink rapidly as earnings gather momentum. The current, paltry EV/sales ratio of 0.4, which compares with a pre-crisis rating range of between 1 and 1.5 times, is a better reflection of the value on offer. Also, once cash is stripped out, the PE ratio for this year drops to 16 times and represents only six times WH Ireland's more bullish 2016 earnings projection. Given the traction that the company seems to have in terms of earnings recovery, those bullish projections - and the share price re-rating that would accompany them - look increasingly achievable. Buy.

So more sales of none income generating assets to reinvest in higher income area. The management seem to be doing well with this strategy so far and might explain the upturn in the share price. I suppose the proof will be in the pudding, as they say, but for me success will be when they can increase the divi...... on a regular basis. Its getting there, bit by bit

Results show slight improvement, some losses now gains, divi remains the same, borrowing increased, assets increased. Overall steady and trading at 23% discount to NAV. The surprise to me was the buy of London property!

Yep, noticed this. I would like to think that spending this amount of money the been counters have done a good job or see good upside risk by some staff that "should" know what they are talking about. Or maybe its just conformation bias on my part!

I think OFWATS upcoming price agreement might also weigh on the price a bit. I cant see them letting "big companies" inflict big rises on the poor people. I suppose this should allow them to increase profits by efficiency instead. I though the waste was starting to improve slightly. Not sure about the M&A, wasnt there a takeover rumor ?

How the picture changes. When I sold I though I might be too early. I then watched it, as it continued to rise and rise. Now its fallen back quite some way and I can buy back in even cheaper. This is turning me into a day trader. Last time there was a large divi as a back stop but now this has gone. I haven't a clue where this is going. Maybe a rise tomorrow only cos its fallen so far today (dead cat!) but it turned around the other day to turn a down day into a positive finish. Not sure if this is still for me but will keep an eye out cos I like a bargain. The question is, at what price is this a bargain? I was happy at £1 ish with that big divi, now ................ ????

http://www.haaretz.com/business/concentration-in-business/.premium-1.547114 Is this robbing Peter to pay Paul?

13-Sep-13 Credit Suisse Underperform SP =699.50p old price target 670.00p New price target 610.00p DownGrade They dont seem to like this at the moment. Might top up at 610 was wondering why after doing quite well that this had the froth knocked off

The share price has risen above that at UKW both were 100 on the open market and UKW rose to 108+ and has since fallen back. If this mirrors, then maybe I should sell at 108 to buy back lower later. Sounds like a plan ...................... that I doubt I will follow!

It looks like there will be an extra £4M in the pot after the sale of Rynards with the possibility of slightly more to come depending on how the conditional offer goes. Looks like more positive news. Wonder what they are going to spend it on to offset the slight loss of income? Maybe they will consider a reduction in debt or adding something new

14.30 – 21.00 local trading times

you will have to complete a W-8BEN form to reduce the withholding tax from 30 to 15%

Check with your broker. I have checked two of mine and yes they do. One thing I haven't checked is timings, as its US based it might be a limited window for live trades. Might have to go back and look at that issue again.