TX2
06 Sep 2016
Results Another solid performance from this well managed company.I recently bought back here when the share price fell below NAV.A modest premium is probably deserved due to the quality of earnings,the ability of the company to find new opportunities & its conservative balance sheet and record; but while I will be happy to be proved wrong, I think as we enter a period of what I expect will be more modest appreciation of property values we may not see the large premium we have seen in the recent past.
wineberry
03 Jul 2016
Gervais Williams again He still likes MKLW - perhaps not surprising at this price and the dividend yield of %.5%. More importantly, the company jhas dropped out of the All Share index so has been sold off by index funds. He reckons that Brexit does offer some chance for growth thro' devaluation but with some risk (see DT Money 3/7/16) Looks like an interesting high yielding moderately non-speculative buy for the longer term. As always DYOR.
sasa43
21 Apr 2016
Re: Gervais Williams likes this... Hi Rhigos - no probs; since I bought this afternoon, I see the price has weakened into the close (think it's called 'sod's law'!) but I only bought a modest opening tranche, pending.... If it weakens noticeably from here, I might pick up some more.I'm after a reliable income, as much as anything, really (school fees and all that) soyour 'non - plussed' view for now looks understandable. ATB - sasa.
Rhigos
21 Apr 2016
Re: Gervais Williams likes this... sasa43,Thanks for message on FRES board. I put MKLW on my watch list last month but have not bought any shares in company. SP fallen about since I started watching them. Not tempted to buy at the moment.
sasa43
21 Apr 2016
Gervais Williams likes this... of Miton Group, according to a good article on his recs in MoneyWeek mag recently.He likes it because Brum properties selling for around £5 - £6 a sq. ft compared with Bristol or Slough is way too cheap and with 're-shoring' (manufacturers starting to come home) MKLW is ideally placed to benefit if this trend continues / accelerates with their properties being ideally located.With rental income rising and the hoped for road build getting the 'go ahead' soon, this conservatively run group should do very well, looking ahead. Just thought that's worth posting, if peeps hadn't seen the piece and yes, I've just bought some, accordingly - sasa.
sharegardener
02 Apr 2016
Re: Interesting analysis of REITs featuring ... Thanks Rhigos,useful article on how to look at REITs. I have held some mklw for about a year but I bought at SP that turned out to be near the top. Still, rising divi and their industrial and some retail units have low vacancy rates with a trend to rising rental incomes with increasing divi over many years. They also have a proposed site in Tyseley which from their Annual Report is delayed until a new road is built by Brum council but this will bring in more rental once operational.I have some ESP also and took up the recent placing/offer to get a few more.Its worth looking at GreyInvestors views on Hansteen (HSTN) a bigger industrial REIT. I have also kept an eye on PHP who have a big portfolio of health centres. In the longer term the concern with REITs would be that debt liabilities & repayments could rise at a greater rate than rental income and also if occupancy levels drop in the face of falling property valuations in a downturn. At the moment most REITs appear to be locked into low interest rates out to 2020.SG
Rhigos
31 Mar 2016
Interesting analysis of REITs featuring MKLW This article by well respected analyst Phil Oakley is worth reading. It goes through how to value a Real Estate Invest Trust (REIT) company. I am not a MKLW shareholder but do have shares in two other REITs BLND and ESP.Phil is employed to promote ShareScope (which I subscribe to) and SharePad, share database, charting and analysis software but owning these is not essential to get valuable information from his articles.From article I would rate MKLW a weak buy.
shareordie
10 Nov 2015
Re: Results Muck low can't be taken over without the family consent as they own so much of the equity .And the family won't sell unless they get a massive premium as this is there family silver.
shareordie
10 Nov 2015
rns Made very good reading,looks like lots of new developments in the pan,and looking forward to some pe let agreements once the marketing starts.This is why mklw are such a fine investment, they do all the right things at the right time,and keep debt low,so they don't get there hand forced in times of trouble.
faddy10
18 Feb 2015
Re: Results I've got to agree Shareordie, it's been a wee gem for me too. Decent capital growth over the 4 years I've been here, a nice rising divi and all wrapped up in the ISA.I hope Dar's takeover theory is way off, as I'm happy to hold for the foreseeable future. Faddy.
shareordie
18 Feb 2015
Results Valuation increase and steady increase in rent and vacancy rate is low.Another good set of results from this little gem.
daressaalam
06 Feb 2015
Enjoying the ride still. I have no specific reason for suggesting it, but I have a feeling that some kind of takeover/merger will occur soon in this kind of property business and MKLW strikes me as being a good target, not strong enough to attack, and fairly moderate in defence.This has twice kept me away from selling, and though I have a decent profit in view around the 500 mark as it is now, I am still holding for the hoped for big plum.D
daressaalam
08 Dec 2014
I still like it. Good share, good yield, good prospects of some M&A. - all while the economy is doing well.I think also a good gift for my family's bottom drawer and tax-free (meanwhile) SIPP.I am staying with it.Dar
