Member Info for tickhilltim

And because of doubts that the pubs can be sold at book value….

The results presentation on the NRR website highlights the trend in valuations.And decline in alternative use values.

Adv and pojo- ever thought of reading the RNSs from NRR or the company website? The company is not there to pander to private individuals who are too financially incompetent or too lazy to do their own analysis.They provide masses of information when they are not restricted by disclosure rules.This is a company which is still in considerable trouble and their priority is to get out of it.Sometimes it is strategically sound not to disclose too much.

Re David Lockhart.He may have been great in his prime but the company was badly managed before the pandemic,paying uncovered dividends and taking the gamble on excessive gearing.The current app looks far more sensible

It needs a deal on the pubs to be announced.And at a sensible price.A full sale of the Hawthorn business will restore NRR to medium term financial stability and bring a re- rating.

Isn’t it about time Hansa started buying back its own shares? At the current discount it would produce a better return than some of their investments.About time the controlling families and the supposedly independent directors injected some modern day thinking into managing this trust?

Downbeat report.Several months before US and Asia business recovers.Cash burn may become an issue?

LSE not picked up yet.Let’s hope it gets into the newspapers and wider digital media.Smart management here.

Anybody know the potential financial impact for HSP if the HS2 project is cancelled/ curtailed?

Schroders manage this fund.There are also largest shareholders.They seem to be dumping their holding.Two recent big sales.Annual results much later than in 2019.Obviously,they have Chinese walls in place.......

About time these were published? Delayed to re- assess NAV calculations?

The interim results issued in October talk about the dividend plans.Paltry interim paid.Final will be on release of full year results, probably April- time.

Another sale announced.Probably good news, but noticeable that no mention of how the sale price compared to value in the books, as with previously announced sales.

Ellll, this board has remained remarkably free of ramper ankers.Suggest you switch your attention to gold and oil stocks where you will find many other kindred spirits.Goodwill to all men.

Share price will only rise if discount narrows,which is a function of sector discounts,and specific views about the ( short-term?) prospects for HWG.Perhaps they need to make themselves more attractive to investors.They could get the divi to Market level or get the NAV.I have high hopes that the new CEO/ CFO will bring a more ruthlessness and bite.

Ribeye,this is a hard company to appreciate.It does not attract the usual REIT income seekers because the dividend is embarrassingly pathetic.And as to capital gains,the share price is the same now as it was 5 years ago.Not good if you are a LT investor.But,you did well if you got out in Feb! New CEO/ CFO and board members might do good stuff,but selling assets at book value adds no value unless the proceeds can be reinvested into assets with better capital enhancement/ income generating possibilities at a good cost.Jury still out on this,but I also share your view that this could be a winner and the downside is minimal.

You have to wonder why it suits Hansa/OCN for the share price to be held down when the OCN NAV has moved up so significantly in the last 6 months.Once the persistent seller is cleared out ( Dynamo taken some ) no obvious reason why the share should not head back towards 4 figures and calm those who have seen serious loss of value in the last year.Simples.

Have you looked at the shareholder register and compared the major holder names with those who run Hansa?

Good to see withheld 40c divi (c 30p ) now to be paid.Post- Pfizer, investment portfolio should have risen further.

Discount and yield pointed out in today’s DailyTelegraph.

Most REITs with heavy exposure to offices and/ or retail suffering from anticipated downturn in rental rates .

Not as good as at first sight! Only bought Lisburn in December.Hardly a real arms length deal.Into the JV which New River now has £38m equity in.Disposal figures confusing.They had £30m in June,so Lisburn not included.Possibly in the August £52.5m? If so,they have lost £12m or 40% of the other under offers.This is a transaction engineered to get the gearing down at the 30 Sep reporting date.Their target of £80-£100m is nothing like enough of assets are written down again by even 10%.More big disposals required.