LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.comTo me the renegociated terms are very good News and show how JN works after all we have seen renegociations on all the assets up till now, and I like that a lot!
PFL Greyinvestor
17 Sep 2015
Topped up After thinking about it all day, I have also topped up with 25% more stock.I don't believe in chasing losers, I just think that this is now undervalued. I think that the new team has got off to a poor start, and the chairwoman should go. Why?With a partial sale coming on (and it should be at a decent price), there is enough capital. The divi cut is silly, they should have held it while they sort things out.I don't want to see a load of tosh about rationalisation provisions. It would be better to sell the whole group, then there won't be CGT due, which there probably will be with a sale of a subsidiary.A merger with ECM would be fine.The company isn't in terrible shape, I expect that currency has played a decent role in the profits decline.So in summary, there is nothing much wrong with the company. It just needs a decent top management team (the existing team are regarded as very weak by some shareholders). It clearly hasn't got one. The announcements for the last six months have been inept.
PRES Ripley94
17 Sep 2015
II bombed out 24/7/15 Oil sector affected , up and down.Less risky of 4 mentioned.LG 9 June sell 1.70
MTV Mike-in-Paris
17 Sep 2015
Re: RNS the question is who would give money to this company ? I am not sure they can realistically raise any more cash..... A good question is how in hell's name did someone talk me into buying these all those years ago....My total value of shares is now less than the cost of paying a broker to sell them ..... makes me xxxxing mad
MTR scotchoverice
17 Sep 2015
Holding now 2.43%
FLK profdoc
17 Sep 2015
Yesterday's AGM Hi, Yesterday's AGM was very interesting. I've written a report on the meeting, but it is 1557 words so ADVFN are not keen on me publishing it here (they prefer it at [link] Anyway here is some of it: David Fletcher and the other directors warmly welcomed the four shareholders who turned up to the AGM yesterday. They were very willing to discuss the important and intellectually challenging issues facing the business. So for about an hour we probed many of the dilemmas that come with managing an organisation such as Fletcher King. (the way, it turns out that the board have been reading what I’ve been writing on the company – so they have probably also seen the bulletin board comments made by others.) Is the London commercial property market near to the top of a bubble? This is always an extraordinarily difficult question to answer – except, of course, with hindsight. But there are straws in the wind. There is a post-election lull in the lettings market. Also yields are approaching record lows. Or was that 2007 yield levels? (which might be the same thing, I’m not sure). Whatever it is, prices are high. On the other hand, rental growth for smaller office suites has been going great guns over the last 2-3 years. This fits with the evidence of good demand from both tenants and office buyers in the performance of the Leadenhall Street property in SHIPS14. A key point of hope is that the supply of new offices is not as great as in the lead up to past peaks. The people around the table had seen a few London property cycles and, I could be wrong, but I sensed a consensus that we are getting close to midnight here for speculators betting on rising prices, where all turns to pumpkins and mice for those who do not get out before the clock strikes. However, not everyone in the property game, or those supplying services to those investing in property, needs a rising market to make a living (for example, we’ve done fine in Leicestershire with a flat market). There are many working at FK who collect fees for looking after clients (collecting rents, doing rating appeals, valuations) whether the market is in an up-phase or is down. I pointedly asked what profits were like in 2009 and 2010. In both cases revenues were in the ballpark of £3m and underlying profits were made. This is a very conservatively run company, strong enough to cope with recession. However, the icing on the cake for a business like this is say when a number of banks ask for FK property valuations so they can lend to investors keen to buy, or when fund managers (e.g. pension funds) are enthusiastic about investing in London property and need various services, or when investors are keen on piling money into SHIPS for FK to charge a management fee. Other issues discussed: The dilemma of paying enough to retain rainmakers. How much to invest in SHIPS? Dividend policy? Growth through acquisition? What about other routes to growth? Quality of management? Glen
CRAW II Editor
17 Sep 2015
NEW ARTICLE: Crawshaw fulfils promise and doubles "Despite a slower start to the year, fresh meat and food-to-go retailer LSE:CRAW:Crawshaw reckons it will smash market expectations in 2015, thanks to a raft of new management-led initiatives. With stronger like-for-like sales across the chain of ..."[link]
BOOM arborman
17 Sep 2015
Re: KPI AlecroTech start ups are the ultimate gamble IMOThey can easily swallow up funds at an alarming rate and may indeed go bust or get taken over for small change, but when they hit the spot they can multi bag like crazySo i am in BOOM and some other techy start ups hoping one or two hit the jackpot and then i won't mind the others failingI think 4.25 should have been your entry point, i for one do not see the sp falling there again, but if i am wrong and it does then i will top up and average downGood luck with your investmentsA
EMED phil and leggett
17 Sep 2015
Re: Emed please take note! Ace can i change my tea leaves the ones ive had for years have gone mouldy??? Phil...
EMED Ace08
17 Sep 2015
Re: Emed please take note! Strong Buy, trust the tea leaves Phil
ALK Misty Creamybib
17 Sep 2015
Re: Wow! If you can't be good be lucky!I say this all time when I play poker and someone calls my bet needing one of two cards in the deck to win on the river and gets one!To clarify I bought at half the level I normally do. Part of me was looking for breakout about 25p but another part of me thought it was a good price 24.75p. Looking like I got the break out I wanted.
LOL , you obviously been bitten by acp before, can well understand your sentiments, I am in here .But no sooner bought than they ,the bod decided to get up to their old tricks and "Consolidate" or to put it bluntly ,to print themselves some more money.Result shares halved in value.
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