Member Info for tara7

Just had £1.33M that will pay off ALL the debt. Company has a policy of paying a divi ASAP. The divi could be a one off 3 x todays share price.!!!!!!!!!!!!!!!!!!!!!

MNR agenda for its EGM is out on Wed. Northacre shares have been bought at the rate of around 1% per day last week[ that = 3% per day of the free float, per day Northacre is now valued to get just 12% of the £200M odd profits from the Lancasters . In my view the profits are going to be in the 40% to 50% region, in which case the shares have a long way to go in a very short timeframe.

Good to see you here but as a new poster please do not sell yourself short. This stock is on its way to the big time, selling at under £3 plus pounds might be a big mistake. Good luck in any event.

I note a few investors have taken profits here. That in my view at this stage was rather stupid. We have at least one buyer eating up stock day in and day out.

bags to go for, like a three quid target as cheap land is bought up, as others have no cash do do it.

July index just out from Primelocation London prime, up a massive.6% on the month. Screaming buy if you ask me,

Up 100%, with another 200% left to go for short term. Profit takers were the ones who lost out all week, inc today.!!!

Evans Randall, see Bloombuger news.!!!!!!!!!!

Your £1.87p target will be based on the Lancasters profit, however one has to understand, a good half of any site is made the day you buy the land at the RIGHT PRICE. Large prime London sites now are very cheap indeed as unlike Northacre builders can not get finance. Investors are putting very little weight on the new Evans Randall J/V which in my view changes Northacre from an asset play to a P/E growth stock. That alone should be valued at 50p a share. Also as the new sites start that gives work to Northacres two in house divisions, that chare fees and so on.

On the move again today, Market cap just 16M, DAFT.!!!!!!!!!!!

Also note MNRS assets now valued at a quid a share, will go up in the next set of accounts as their London office blocks have shot up in value since last Xmas

A few points for you First read the RNS from Kikfin and others, The Lancasters is in a SPV ie ring fenced from other MNR projects. Since it is their best profit producer we can safely say its Not going down the pan. Next even if MNR"S other assets went tits up Northacre would still have 100% claim on its share of the profits. Yet again a poster posts rubbish.

Re Minerva, are worth around £150M Northacre is in its best position EVER shares have been as low as 2p.!!!!!!!!!!! A placing at over £1.50 is just the ticket, to bring the big boys on board. Northacre as of now does NOT require cash at all.

No worry at all in my view, First you must understand the directors are not going to give away their share of the company are they.? They do not need cash to get through to the profit share, they have cut 1.5M off overheads this year that will go stright to the bottom line. The ceo has told us t interior design is doing well with new workload, and we know the architectural design is working on new projects. Any rights or placing will only do shareholders good. Unlike all the other housebuilders Northacre only has gearing of around 10%

But not for long, Note after yesterdays 30% rise just about U/C today. £13M pound company on its way to profits of £80M, with half the cash showing in Minervas accounts today

Maximus go to ADVFN, see post under. Minerva has booked 68M of profit so far and Northacre in its accounts last week £2.4M pounds.!!!!!!!! The site was budgeted to sell at 1,200 a ft see times newspaper "super-flats for £26M will offer rooms with a view." Now selling for £3,000 a foot.!!!!!!!!!!!!!!

See ADVFN , NTA BB read the posts in the header for all what you have asked for.

MNR have never been keen to tell its shareholders just what a great deal this is for Northace. Northacre could have gone anywhere for funding in 2006. Northacre wrote the J/V contract, and MNR had the option , take it or leave it.

This site is 1/4 the size of The lancasters in super prime road backing onto Kensington Palaace gardens. Land bought in 2003 Gold mine with work due to start by the end of the year. Re profit share for the Lancasters MNRS brokers put the amount at 40%, and so do i.

The results out last week from Northacre PROVE how much profitis going to me made from the Lancasters. Step one Northacre has just booked 2.4M from its 30% of secured sales as of 28/02/10.Sales prices £2,000 SQ FT The next 20% of secured sales went through two weeks ago for £107M or £2,800SQ FT Total sales to date £230M Next 50%[ to sell] based on up to date selling prices is £267M[ infact sales prices have gone up since the last batch of pre sales went through to around £3,000SQ FT Total sales £500M PLUS STEP TWO Cross referenceof the above. Northacre accounts £2.4M for 30% of the Lancasters at old selling prices of £2,000, gives a pro ratoa total of £7.5M Now change the selling prices to around £3,000 per SQ FT for the last 70% of the sales yet to be booked into the accounts. That comes to a total of £10M pounds which is Northacres 5% equity share in the Lancasters. 5% = £10M 95% = £190M = Total £200M Minerva have set to one side £70M for their share of the profits as of 31/12/09 in its accounts. Minerva have set to one side 41M for Northacres share of the profits as of 31/12/09 As we now know the total profit is going to be around £200M with MNR due around another£50M and northacre in my view around another £40M. As the site makes more profit than anyone had thought it could Northacres profit share gets very close to the MAX 50%. In my view it should after all the have done ALL the work bar get the bank loan,!!!!!!!!!!!