Sambram
17 Aug 2016
Interims "The interim results are largely irrelevant following the disposal of the remaining German properties in the first half of 2016. In early July 2016, PSPI used c.£11.5m of its available cash balances to effect a redemption through a mandatory purchase for cancellation of c.22.5m of the shares in issue at 51.0p per share. There are now 227,655 shares in issue. The remaining net assets of c.£1.2m are likely to be returned as and when some warranties on contingent and actual liabilities relating to the disposals expire during 2016 and following the anticipated various professional advisory fees. We now conservatively estimate that there is potential for another 475p per share distribution from the implied maximum of c.531.5p per share."Stockdale on Research tree
the julio
11 Jul 2016
Re: Confused by share price The return is 51p for 99% of your holding. The balance of 1% of shares will be retained with an esttimayed NAV of £5.20, hence the big jump in price.Still waiting for my lump sum.
finlassie
11 Jul 2016
Confused by share price And yes Ive read the announcements. The return is to be circa 52 pence per share so why is the share price 480?
thirty fifty twenty
22 Apr 2016
Re: All over Hi FD, good to have sale confirmed today and weak GBP increases our NAV slightly. The share price seems stronger to me that I would have predicted, albeit capital repayment of 54p likely ( what is your prediction), so I am wondering if there might be some ongoing purpose for the plc and utilisation of those £60m of tax losses. Any thoughts?Great result for you on TRE. Well done.LXB looking very solid at 96p now. ... I'm assuming the delayed news and increasing price is good news.BPM not showing strength but I think move will come when it releases finals.All IMHO, DYOR and BoLLXB, BPM and PSPI are in my portfolio
farmerdave
11 Mar 2016
Re: All over In LXB and BPM, Think ARTL in the same category as themTRE is not derisked fully yetFD
thirty fifty twenty
10 Mar 2016
Re: All over actually I will up that to 52p to 54p...i'd forgotten to factor in the 1m of rental income for 9 months 1 July 15 to completion.
thirty fifty twenty
10 Mar 2016
Re: All over Great RNS and risk now removed. Nothing further to add to your analysis FD. I agree 50p-52p.I bought more recently at 46p and this morning at 48p,it seems another example of 10% gain (assuming get 50p by Dec 16) reasonably certain from information available, yet still able to regularly buy shares.....this was also the case with GKO, LMS, PUR, WINDand I believe is the case with BPM and LXBthe market is nervous and thus leaving these asset = CASH backed 10% -20% p.a. returns available even though they are 'obvious' and 'near certain'.any assets back 'certainties' you see yourself?All IMHO, DYOR BoLPSPI is in my portfolio, LXB + BPM are in my top5 hldgs
farmerdave
10 Mar 2016
All over Payout 50-53p depending on how much management/prof fees last 8 months - 30-50-20 whats your range ?CheersFD
thirty fifty twenty
30 Dec 2015
at 48p up 6p today hmm.... large move today for this little known company - I guess either a tip sheet,or insiders on a pending sale to be announced.hopefully some interesting news next week ....All IMHO, DYOR + BoLPSPI is in my portfolio
farmerdave
26 Oct 2015
Re: at 36p analysis of partial redemption AgreedMy calc gets me to 48p conservatively - so good inv at present - happy holder FD
thirty fifty twenty
26 Oct 2015
at 36p analysis of partial redemption good to see progress here. the 40% redemption I calc will give an initial adj NAV of 58p.to the upside is the favourable FX mvt since 31 June, adding maybe a further 3p,but admin costs are likely to be higher than net rental income less costs reduce by 2p.however the risk aspect of the remaining assets has increased....I.e. will defd CASH be paid?will restricted CASH be returned?can the assets be sold?on a conservative extrapolation,with a further 18 months of admin costs, and remaining assets sold for 10% less than book value,gives a very realisable 50p.very tricky to buy shares thoughAll IMHO, DYOR, BoLPSPI is in my portfolio
njb55
27 Mar 2015
Re: 25p Dave. Can you run through the 'rithmatic a bit slower. I'm interested in what you say but can't get my head around it. Still being bid at 24p this afternoon.Nick
farmerdave
23 Mar 2015
Re: 25p Still in same range 32-26p a share with 2/3 of shares to be bought back at 23p or so will leave remnants at a NAV of 41p a share. So if you buy in now will get 2/3 of shares cashed out and left with the last 1/3 at 50% of NAV approx - have topped up todayFD
farmerdave
13 Feb 2015
Re: 25p After current sales the value is closing down to 32 to 35 p a share - right at the bottom of my previous range. I wonder who the directors are going to work for ? Sure they will look after themselves.Anyway got in at the bottom so OK return but thought they might have worked to get a bit moreFD
