Invista European Real Estate Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9502457 Farmerdave By farmerdave ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=9502457&action=detail Tue, 03 Apr 2012 10:44:00 GMT farmerdave tag:iii.co.uk,2003:tst.9077958 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=9077958&action=detail Fri, 16 Dec 2011 18:39:00 GMT kemac tag:iii.co.uk,2003:tst.8623309 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8623309&action=detail Sat, 06 Aug 2011 09:57:00 GMT mark20690 tag:iii.co.uk,2003:tst.8588617 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8588617&action=detail Thu, 28 Jul 2011 09:15:00 GMT mark20690 tag:iii.co.uk,2003:tst.8581270 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8581270&action=detail Tue, 26 Jul 2011 16:41:00 GMT Wynford2 tag:iii.co.uk,2003:tst.8475013
CN By Chard Nick ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8475013&action=detail Thu, 30 Jun 2011 16:34:00 GMT Chard Nick tag:iii.co.uk,2003:tst.8474591
IERE is trading at 40% discount right now (at 31p). In addition, in three years, net operating profit will add about 6-10p per share. They will save some money in management fees and interest payments but they may incur some break fees. In addition, there is the realisation fee for the managers of 12.5 for all sales above current market capitalization, which will be about 2.5p per share. So let's say conservatively they have to sell the properties for 90% current NAV which I think is pessimistic, and there will be no increase in three years. That will give us about 51p in this this quite negative scenario which would still be a gain of about 64%. If on the other hand, they can sell at 110% current valuation, that would give us a gain of almost 100%. Conclusion: If I was not already in this share, I'd buy into it in conjunction with MERE. By mark20690 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8474591&action=detail Thu, 30 Jun 2011 15:33:00 GMT mark20690 tag:iii.co.uk,2003:tst.8474533 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8474533&action=detail Thu, 30 Jun 2011 15:26:00 GMT mark20690 tag:iii.co.uk,2003:tst.8474061 IFD is paying a decent div, but this is more than it is earning in income. Divs or nav will go down in the short term until tenants with rent free terms end. Mark's posts on the IFD bb are worth reading.
I do like London based property however, so I think Workspace, London & Stamford, Grainger and Inland are worth investigating, and QED if you like a gamble.
For what its worth, I am in most of the above, but I think I might just sit on cash dividends for the summer and see what happens come September.

By Dingledangle ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8474061&action=detail Thu, 30 Jun 2011 14:32:00 GMT Dingledangle tag:iii.co.uk,2003:tst.8473354 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8473354&action=detail Thu, 30 Jun 2011 13:11:00 GMT Krayl tag:iii.co.uk,2003:tst.8473286 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8473286&action=detail Thu, 30 Jun 2011 13:02:00 GMT Krayl tag:iii.co.uk,2003:tst.8473266
I see that AXA Property is on a 30% discount and paying about 6% in dividends, IERE's stablemate IFD is on a 22% discount and yielding 9% and PCTN is on a 15% discount and yielding 7.8%. All of these are paying dividends whereas it looks like we will now get capital repayments.

If I were looking for the biggest discount then AUMP at 60%+ might be a possibility, but there's a share consolidation due for completion tomorrow and I've been bitten by this share (in its CHI guise) many times previously.

I guess it's not too big a problem to have. Only wish I'd bought back in to IERE when the SP started to rise...

CN By Chard Nick ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8473266&action=detail Thu, 30 Jun 2011 13:00:00 GMT Chard Nick tag:iii.co.uk,2003:tst.8473213
If, and it's a big "if" IMHO, the ordinary shares repay close to the NAV of 51p then the warrants are in theory going to be worth 22p (51p less the 29p exercise price). However, I doubt that we will ever see the warrant price hitting this level. The reason I say this is that when they start repaying shareholders, the NAV of the remaining company will fall and hence so will the maximum value of the warrants - unless the company adjusts the exercise price. Now that would be an interesting scenario...

CN By Chard Nick ]]> http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8473213&action=detail Thu, 30 Jun 2011 12:51:00 GMT Chard Nick tag:iii.co.uk,2003:tst.8473102 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8473102&action=detail Thu, 30 Jun 2011 12:37:00 GMT Div Hunter tag:iii.co.uk,2003:tst.8472790 http://www.iii.co.uk/investment/detail?code=cotn:IERE.L&display=discussion&id=8472790&action=detail Thu, 30 Jun 2011 11:46:00 GMT tradewise