(PSPI) Public Service Properties Investments
-
25.25
+0.00
(0%)
- Add to portfolio
- Set Alert
- Level 2
Discussion
Buy UK shares for £1.50 with our regular investing service. Real time trading at £10.
| Result Pages: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Next | ||||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| 21-03-13 | ||||
|
|
||||
|
|
||||
|
When I posted before I said 33-67p still think it is in that range but given the pressure on peoples budgets at present wouldnt care to narrow it down really - seeing a slight growth in asset values but will be a while before it feels like we are out of the woods
FD |
||||
| 21-03-13 | ||||
|
|
||||
|
|
||||
|
FD: Any view on realisable NAV? Like many, I am horribly under water having been stupid enough to buy when the directors were giving value of 150p and saying 'we are not Southern Cross'
|
||||
| 21-03-13 |
1 |
|||
|
|
||||
|
|
||||
|
Good to see 25p so quickly - given recent run in most property companies should see this continue closer to NAV
Cheers FD Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 20-12-12 |
3 |
|||
|
|
||||
|
|
||||
|
FD: I don't remember our 'esteemed' directors talking about non-core investments when they bought these. As for the demonstrable incompetence of whoever has been doing the valuations....... but I am sure their remuneration and fees were based on the valuation being high not whether the valuation was realistic.
As for reducing costs: Easily done, fire all the directors and appoint fewer [but passably competent] at lower fees. I am available as a director - I will guarantee that I am more competent than the present lot. |
||||
| 20-12-12 | ||||
|
|
||||
|
|
||||
|
Small diff to the valuation of the company but a lot of overheads and leverage reduced. On the back of this management should take note that costs should be severely reduced
Generally a good thing for company to reduce the trouble over assets that are not really adding anything to the company FD New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 15-12-12 |
Sell
Re: RNS
|
|||
|
|
||||
|
|
||||
|
I was disappointed with the announcement.
Given the length of time the strategic review has been ongoing it seemed a fairly small part of the groups activities and one assumes it was the easiest deal for them to do, so a discount to previous valuation of 13% doesnt bode well for the rest of the portfolio given the level of debt magnifies the effect of a valuation shortfall as far as NAV is concerned. The US looks like a huge problem as the USPS is losing a LOT of money so buyers for that part will be very scarce or at hugely discounted valuations to reflect that. I can see this drifting back to 10p quite easily. |
||||
| 13-12-12 | ||||
|
|
||||
|
|
||||
|
no reason to strike the directors off my black list then
|
||||
| 13-12-12 |
2 |
|||
|
|
||||
|
|
||||
|
It seems our directors have finally woken up to the fact that the company has a cash flow problem and we are now into fire-sale mode to correct this.
Properties now sold at way below previous valuations - but I don't see any mention of managers or advisors or valuers being fired for incompetence. Also note that the current RNS does not include a current NAV; just an indication that the directors haven't a clue................... Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 08-11-12 | ||||
|
|
||||
|
|
||||
|
Did anyone attend? And hopefully get some useful info on the future [if any] for PSPI?
|
||||
| 16-10-12 |
2 |
|||
|
|
||||
|
|
||||
|
I've heard that the Board plan to give it a miss.
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 16-10-12 | ||||
|
|
||||
|
|
||||
|
Does anyone plan to attend?
Valuta ~ Public Service Props Notice of AGM RNS Number : 8111O Public Service Properties Inv Ltd 16 October 2012 Notice of Annual General Meeting Public Service Properties Investments Limited (AIM: PSPI) announces that the Annual General Meeting of the Company will be held at 11:00a.m. on Wednesday, 7th November 2012 at 7 Bond Street, St Helier, Jersey JE2 3NP. The notice of AGM has been posted to shareholders. Electronic copies of the documents can be obtained from the Company's website: www.pspiltd.com http://www.investegate.co.uk/Article.aspx?id=201210161303288111O |
||||
| 04-10-12 |
Hold
Re: RNS
|
|||
|
|
||||
|
|
||||
|
It looks to me as if the market is treating the company like all other heavily indebted property funds i.e. a heavy discount. In this case the cash issues (e.g. Switzerland) probably add to the general gloom.
|
||||
| 03-10-12 |
1 |
|||
|
|
||||
|
|
||||
|
From the downward price movement today, I sadly fear we are about to find out that the directors are a greater 'wunch of bankers' than we thought and that the NAV is much less than 70p.
What would please me most? Having to apologise to all on this BB for having maligned the directors when they produce a sale of all assets and pay us all 50p per share. Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 03-10-12 |
2 |
|||
|
|
||||
|
|
||||
|
Like you [I assume] I am showing a huge loss on this but also cannot afford to 'average down'. Unfortunately I also have no confidence in the directors ever since I received an e-mail from them a year or two back saying "We are not like Southern Cross". And they still keep their jobs?
|
||||
| 02-10-12 |
1 |
|||
|
|
||||
|
|
||||
|
I hope that there's not more bad news to come, but with the NAV per share at 73.4p at 30 June 2012 (31 December 2011 - 108.3p) it is looking like there is at least some upside, I just can't stomach to invest any more though.
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 28-09-12 |
2 |
|||
|
|
||||
|
|
||||
|
no divi, but not all doom and gloom, at least that's what I'm trying to convince myself!!
|
||||
| 22-08-12 |
2 |
|||
|
|
||||
|
|
||||
|
I hope it's a genuine increase but I suspect it is just the MM's playing around with the spread.
|
||||
| 21-08-12 | ||||
|
|
||||
|
|
||||
| 20-07-12 |
1 |
|||
|
|
||||
|
|
||||
|
Thanks Skepto: If Beney is CFO, then he has had four years since the financial crunch started to sort out long term financing for PSPI. Oh, dear. He 'forgot' to match his in and out cash flows. What does that tell you about the quality of the directors? A year ago Beney was saying 'we are not the same as Southern Cross'; well maybe not exactly but the end result seems to be the same
|
||||
| 20-07-12 |
2 |
|||
|
|
||||
|
|
||||
|
To mix my metaphors, someone connected with PSPI has put their head above the parapet!
See: http://boards.fool.co.uk/mello-pspi-12600845.aspx New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 10-07-12 | ||||
|
|
||||
|
|
||||
|
I'm into TSX:UUU, doing OK for me so far. And I still think uranium is going to to be a winner once global warming is disproved.
|
||||
| 10-07-12 | ||||
|
|
||||
|
|
||||
|
Thanks but we are all suffering in different areas - generally doing ok except my uranium bets - still believe in them but it is tough - hope others are going better for you
Farmerdave |
||||
| 10-07-12 | ||||
|
|
||||
|
|
||||
|
Noticed one or two more sizeable trades today. Initially surprised there was no follow through from last week but it is not easy to digest the details of the deal. Perhaps one or two folks have sat down and studied the detail now. The fall to 11p was too much as always in these types of uncertainty. My feeling is that this will move up steadily over the next few weeks to the early 30's.
Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 10-07-12 | ||||
|
|
||||
|
|
||||
|
FD: I should let you do my investing for me.
|
||||
| 10-07-12 | ||||
|
|
||||
|
|
||||
|
Think the NAV is between 33 and 67p so have bought back in at 18p today - am sure it will fluctuate a reasonable amount from here
Farmerdave New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 06-07-12 | ||||
|
|
||||
|
|
||||
|
I'm with you on the mid-30p's point and would be looking to sell at around then if ever. Given that there is some long term potential upside in the stake in and and loan to Esquire my biggest worry now is the possibility that Collier's might cut the valuation of the retained property again. They don't inspire much confidence either. The market has been sagging for a couple of years but they seem to have loaded all the grief into the last valuation.
|
||||
| 06-07-12 |
Hold
Re: Latest news
|
1 |
||
|
|
||||
|
|
||||
|
For me it's a double whammy. I only bought it for the dividend, and that's gone too.
|
||||
| 06-07-12 | ||||
|
|
||||
|
|
||||
|
EnuffSaid: The only consolation I get from your post is that I wasn't the only one who believed the directors. I'm in at the same price so there will be a rush to the exit when it gets to 75p, if ever.
Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 05-07-12 | ||||
|
|
||||
|
|
||||
|
Just had a look at the trades and the declared buys to sells are 2:1, but the SP fell? Bodes well for me, hope I'm correct, tomorrow will tell.
Good luck all what even your call on these. |
||||
| 05-07-12 |
Hold
Re: Latest news
|
|||
|
|
||||
|
|
||||
|
Nice tread and well worth a read.
If true and 60p NAV is even close to correct, given a typical 40% discount to NAV, the shares should still be 36p and that leaves a hell of a lot of up side. Add to this the low volumes due to US holiday and tomorrow is another day! Lets hope a fruitful one. Regards N New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 05-07-12 |
1 |
|||
|
|
||||
|
|
||||
|
...and see discussion on Motley Fool e.g.
http://boards.fool.co.uk/transaction-reported-by-pspi-today-12590837.aspx?sort=postdate |
||||
| 05-07-12 |
Hold
Re: Latest news
|
|||
|
|
||||
|
|
||||
|
I don't see that is necessarily the case. Shares sold today amounted to less than £100k, which could be explained by some taking advantage of the bounce. The SP needs to settle down again before any judgement can be made. I am still - purely on a basis of discount to assets, but also still hoping for a round of honour suicides among the board members.
|
||||
| 05-07-12 |
1 |
|||
|
|
||||
|
|
||||
|
I was in but luckily got out a while ago - just went over the numbers again - a lot boils down to the German valn now (CHF and USD numbers are small) - would say Germany and UK not to dissimilar in size Germany much higher LTV than UK though.
AT present I am not entering although things have been cleared up a bit - will wait till the proforma balance sheet comes out with the shareholder circular as I am unsure what current assets/liabs have actually been transfered and my NAV range of 22-67p is a bit wide Would like to see board/management size cut down now as they are a huge monetary drag on the company Farmerdave Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 05-07-12 |
Hold
Re: Latest news
|
1 |
||
|
|
||||
|
|
||||
|
You're right, alpal, yesterdays gain looks like it was the proverbial 'dead cat bounce'.
Lets hope it wasn't, and that it will slowly recover. I'm holding at 75p so it has a long way to go before I can get a return. |
||||
| 05-07-12 | ||||
|
|
||||
|
|
||||
|
The drop in the share price today says the market doesn't have any faith in the ability of the directors to deliver anything worthwhile from this mess. Hardly surprising given past performance.
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 04-07-12 | ||||
|
|
||||
|
|
||||
|
JS: Thanks, I hope you're right. I just wish we had more competent directors.
|
||||
| 04-07-12 |
1 |
|||
|
|
||||
|
|
||||
|
On a quick look through the announcement, the pro forma NAV after the deal is £71m (valuing the 20% of the new JV at virtually nil) so on 105m shares that translates to c 67p per share. Even allowing for possibly flaky NAVs for small property companies, say halve it, comes to around double todays price so might be worth a punt if you like a gamble.
|
||||
| 04-07-12 | ||||
|
|
||||
|
|
||||
|
Is anyone able to tell me what this all means in terms of possible end value?
Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 26-06-12 | ||||
|
|
||||
|
|
||||
|
For those of us who are virtually 'locked in' by the low share price, how do we get to change the directors? If all else fails, we could appoint the janitor; he would only require the minimum wage and CERTAINLY couldn't do any worse.
|
||||
| 25-06-12 | ||||
|
|
||||
|
|
||||
|
Sorry, no i don't, but good to know i'm not the last one left!!
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
|
Result Pages:
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Next
Search archive
|
||||
|
|
||||
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.
Open a share and fund account
- £10 rate for UK and international trades
- £5 frequent trader rate
- 100% rebate on all income and commission we receive on your funds
- Switch to us now (find out why)
Open a Spread Betting/CFD/FX Account
- Competitive pricing and tight spreads
- Available on web, desktop and mobile
- Advanced tools and one-to-one support
- Switch to us now (find out why)
Open a free research account
- Create a portfolio watch-list
- Subscribe to news and price alerts
- Participate in our active discussion boards

