Northacre Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9623091
Dire times for NTA just a fall
of 1p or 2p and its chocks away.

The chart tells all.

http://charting.webs.com/nta%20102.JPG By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9623091&action=detail Wed, 09 May 2012 14:33:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9619638
check the thread over last 4 days....

http://uk.advfn.com/cmn/fbb/thread.php3?id=21146571

1. 3 units sold in entire of 2011

2. Nil Units sold this years so far.

3. holders havent a clue when they
will receive 3rd tranche payout never
mind 4th tranche payout.

4. A lot of disorder and confusion
reigning amongst themselves.

5. They dont trust Pinocchio. (tara) By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9619638&action=detail Tue, 08 May 2012 22:46:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9619634 http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9619634&action=detail Tue, 08 May 2012 22:45:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9618372 http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9618372&action=detail Tue, 08 May 2012 16:00:00 GMT legitquick tag:iii.co.uk,2003:tst.9617645
He is not that happy now Northacre is going up fast. By ta222 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9617645&action=detail Tue, 08 May 2012 14:27:00 GMT ta222 tag:iii.co.uk,2003:tst.9615174
By ta222 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9615174&action=detail Tue, 08 May 2012 05:37:00 GMT ta222 tag:iii.co.uk,2003:tst.9615135 Cockney Rebels original CR thread the extracts.....


CuFeS2 7 May'12 - 19:32 - 128346 of 128349

Tara7

Thanks for the response re NTA . . . but on another thread you posted NTA had sold 3 units in 2011 . . . yet you tell me they have sold around 13 in the last year . . . how have they gone from selling 1 unit every 4 months in 2011 to 1 every month during the last 12 months . . . where is your evidence . . .

mechanical trader 5 May'12 - 15:04 - 974 of 1017

Tara so you agree, your figures
show just 3 Units sold in 2011?.

tara7 2 May'12 - 09:00 - 854 of 854

Yes, as was the plan to get top prices.!!

mike740 7 May'12 - 21:57 - 128347 of 128349

CuFeS2 yes I noticed the same thing. Even admited they had sold nil house/flats this year. So 3 in 2 years with 11 still on hand isnt good form unless they discount them and then ALL the profit dwindles.
David Dosh exposed the myth of this stock situation when he posted on friday saying at the AGM where he was an activist not a penny will NTA get on the 4th tier of profits until the very last unit is sold.
Dont get me wrong theirs some profits to be had here but not now and probably not for a couple of years or more yet.


tara7 7 May'12 - 22:04 - 128348 of 128349

NTA:

11 flats to sell for £72M, Could sell at action for 20% off.

That would reduce Northacres profit from the project from £85M to £78M v todays market cap of £19M.


mike740 7 May'12 - 22:22 - 128349 of 128349

NTA Whats to stop them selling at a 50% or 60% discount! or even more. Digging yourself into a bigger hole tara as you make it up as you go along.


By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9615135&action=detail Tue, 08 May 2012 02:12:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9615134
See next post. By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9615134&action=detail Tue, 08 May 2012 02:10:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9611515
Stock may rocket on this news.! By ta222 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9611515&action=detail Sat, 05 May 2012 10:23:00 GMT ta222 tag:iii.co.uk,2003:tst.9603192
the myth exposed yesterday across the road......

davidosh 2 May'12 - 13:24 - 16026 of 16034

It is not insider dealing at all. The answer was given to all the shareholders at last years AGM when I asked that very question about the last property having to be sold before the jv pays out. That is exactly the situation and probably suits the other party so not likely to change without a financial penalty of some kind.

The small print on the related party loans also put me right off and I decided immediately after that AGM that I was not prepared to hold any longer for what might take two years to see anything....and with lots of mucky hands having first grab at any returns from the jv. Have you all checked the small print to the related party loans in the AR last year ?

Check out the Lancasters dividend payments going to the lenders in advance of shareholders under the loan agreements ? This is a heavily loss making company...why else would they need all this working capital and at such penalistic rates ? If it were simple finance set against significant returns legally due under the jv then surely the company bankers would be involved or a placing could be arranged.

The horrendous rates of 40% and dividends to lenders tell you more than most RNS here.


By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9603192&action=detail Thu, 03 May 2012 08:07:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9472175
Its results have just shown up at companies house for the year end 30/06/11.

The J/V made a whopping £100M.!!

Since then sales and sales values have shot up.

Get yourself a copy for around ten pounds.
By ta222 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9472175&action=detail Sat, 24 Mar 2012 15:24:00 GMT ta222 tag:iii.co.uk,2003:tst.9467500
Previously, the use of offshore vehicles meant a buyer could legally pay stamp duty of just 0.5pc on property. Nick Candy, co-developer of One Hyde Park, said buyers of the luxury apartments have paid stamp duty.

Michael Wistow, head of tax at law firm Berwin Leighton Paisner, said the new tax "will have serious perverse consequences far beyond their intended targets". He added: "It has been a bedrock of the UK's tax system that CGT is not applied to foreigners but by changing the rules for those who own properties in corporate vehicles it will raise serious concerns that this fundamental bedrock will be undermined further in the future." ...ends

WHAT WE ARE ACTUALLY SEEING IS A CHANGE IN
TAX FROM 0.5% TO 15% OVERNIGHT. AND SERIOUS
IMPLICATIONS FOR THE INDUSTRY.

By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9467500&action=detail Fri, 23 Mar 2012 07:30:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9464742
NTA have no land or work in hand [so no worries on that count.]

Profits look like hitting £100M with todays Market cap stands at a tad over 20M.!! By ta222 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9464742&action=detail Thu, 22 Mar 2012 12:40:00 GMT ta222 tag:iii.co.uk,2003:tst.9460800
"The extra tax revenues generated by the new 7% rate will be small, given that these super-prime homes are such a small proportion of the market."

He added: "But if his fiscal case is shaky, the Chancellor's political calculations are flawless. Much of the pain of the new top rate will be felt by wealthy foreign buyers, who can't vote in Britain."

Stamp duty loophole closed

As well as increasing the top rate of stamp duty, Osborne also moved to dramatically reduce stamp duty avoidance.

At present, some wealthy homeowners try to avoid stamp duty by buying residential property through an offshore company.

However, Osborne has brought in a 15% stamp-duty rate on corporate purchases of properties worth more than £2 million with immediate effect, which all but eliminates the attractions of purchasing property through a company.

"I can't help but feel sorry for the people who genuinely have to buy a big property in a company name. Unless you happen to be able to complete by midnight tonight I must assume those deals will fall through. A 15% rate is just absurd and a cack-handed political gesture to the Lib Dems," said Ed Mead, director of Douglas & Gordon estate agents.


By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9460800&action=detail Wed, 21 Mar 2012 16:00:00 GMT oldjoe1 tag:iii.co.uk,2003:tst.9460778
‘Most overseas nationals bought their UK property via a company not to save the relatively modest stamp duty but to avoid inheritance tax. Whereas stamp duty would be £1 million on a £20 million home, that paled into insignificance when compared to the 40% inheritance charge which would be £8 million on death,’ he said.

‘Now a company is not as attractive, the stamp charge rises three fold to over £3 million and there will also be an annual levy of up to £140,000. This changes the dynamics. Overseas nationals may now decide to buy elsewhere where they are not exposed to death duties,’ he explained.

‘Inheritance tax will now stalk the streets of Chelsea. This could change the whole dynamics of the London property scene. Overseas investors may now think twice before they buy in London. For overseas nationals, this is a mansion tax with a capital M,’ he added.

Bart Peerless, head of the Private Wealth Sector at Law Firm Charles Russell also thinks it will hit the London property market. ‘The devil will clearly be in the detail of the tax changes affecting property, but the implication seems to be that to avoid these new penal rates of tax and the new capital gains tax charge international purchasers should own properties personally and not through other entities such as offshore companies,’ he said.

‘For such individuals the main reason for holding through a non-UK company was usually Inheritance Tax mitigation. If that risk now has to be managed in other, more costly, ways it may well affect sentiment towards the London property market,’ he added.


By oldjoe1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:NTA.L&display=discussion&id=9460778&action=detail Wed, 21 Mar 2012 15:54:00 GMT oldjoe1