ARE - Reuben brothers18 Dec 2006 14:10
Arena. Sunday Times 17/12/06 says that the Reuben
brothers have built a near 14% stake using CFDs. It appears that Trevor Hemmings owns 40% and that an HBOS division - Uberior Investments - owns a further 5.16%. If all this is correct it means that only about 40% of the issued share capital is still available to retail investors. The Reubens are exceeding rich and are described as being billionaires - this being so they have not built this stake for a 20p per share 'turn', surely they must have something else in mind - like undervalued property assets in the south of England perhaps?
This is the first time on this site that I have ever expressed a BUY opinion, the obviousness of the situation makes me a little nervous, perhaps I have missed something. What do all you big punters think about this unusual situation or are you too involved with OXS, SEO, and MOB to have had the time to focus on ARE? Come on Ladies and Gentlemen, your comments please!