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Don't see a massive drop , as it states buy back value of shares is 527p . The gamble is having to wait apposed to it becoming a cash shel and getting paid more . 227,655 shares . Pure gamble .
At market opening you could have bought for about 54........ That's why I've stayed clear.... Why the big change??? This could drop just as quickly as it rose ...IMO
Could just get 527p per share as RNS says . Might be some tax back from losses to go on that . ( just a thought not in RNS ) . Might get a DIFFRENT offer . It's a gamble .
Looked at it yeasterday after few hundred % rise . Regretted not buying after the next few hundred % rise . The MMs want them now . Couple of hundred % spread now 3% spread . Cash shel . No opinion yet ! Gamble .
Oh I noticed alright, in fact I mentioned it yesterday.... But wasn't too sure on what to make of it... Over 600% rise in one day had to be some kind of adjustment I felt, so didn't bother. Just shows how AIM can prove anyone wrong!!!!
Hi Knigelk - you're not the only one top notice. The spread yesterday was huge but todays is much better. Certainly worth looking at - check out yesterdays RNS for background to the rise
Has only 1-2 people noticed the two day rise? I guess it's not oil or mining lol
Actually amazed no one has posted here - usually the rampers would be all over this like a rash!
I imagine that the NAV is now on the up, perhaps over 50p. Also I think that barring immediate asset sales, a small dividend may be re-introduced. We are at a massive discount to NAV, probably 100% appreciation in share price over the next 12 months. All the headlines just now feature articles about ageing population, demand for residential care isn't going to deminish. DYOR
Still need another 120% to break even though! Any thoughts on why it's on the up and how far it can go?
Good news. Actively managed. Further de-leveraging (borrowings were already below 50% of assets). NAV now 63p (using 31 July post transaction figure). Long term leases. EPS about 4p going forward. A proportion of future disposal proceeds will probably be distributed to shareholders (as stated in 2012 interim accounts): `After maintenance of sufficient working capital, the Company intends that any surplus funds from asset disposals will be paid back to shareholders; however, at present there can be no guarantee on timing and quantum of amounts to be distributed'. DYOR
typo should have been a :-) in first line oops
Good morning to you :-0 Sorry about cutting it short last night, I hope you and the family are great and parenthood is being kind to you. I dont think gige likes me or you much lol cant say I will lose sleep over it though.
I once had enthusiasm for this -but I regret it but one has to learn that the pretiest things with the nicest people can be a trip up the garden path -care homes and Aim. I don't believe this one was a con -they just didn't know what they were doing. I did look to see if this new amalgamation with the tenant might be a reasonable rescue but the website gives a brief notification and refers you back to the website that tells you nothing. Much that I weould love to put a few pennies even in a dead cat bounce I have to say that I cannot find a good reason.
Using the figures recently announced and the 2011 accounts, I calculate that the company post-transaction will be something like this: 50p-69p NAV (with probable sales and distribution to shareholders), EPS 6.4p on the remaining stock post-transaction, with potential divi of about 3p (assuming no property sold). It's a buy.
Profit taking was inevitable after such a surge. Let's hope for a period of stability and then gradual rise to 50p.
riddler, i was well expecting someone to say that. and after having a look at your posts it would be some one like you.
Riddler, Rubbish... Utter rubbish that is the transformational news we needed and have been waiting for!!!!!
PSPI PUBLIC SERVICE PROPERTIES INVESTMENTS - 67p ON TODAYS NEWS, TARGET 108P
PSPI Massive Discount = NAV 108P Deal to provide certainty and possible re-rating....
It then plans to refinance of the combined group's assets and businesses, it added, with further announcements to come "in due course
It then plans to refinance of the combined group's assets and businesses, it added, with further announcements to come "in due course". "The economic climate in the company's various markets remains challenging," said Patrick Hall, Chairman of PSPI.
Its investment properties were valued at £256.4m, down from £272.2m in 2010. Adjusted earnings before tax came in at £10.4m or 10.11p per share, up from £8m the year before. Total rental income increased by 3.3% to £17.2m, the company said. PSPI confirmed it was pushing on with negotiations with the European Care Group, the company's sole UK tenant, with a view to combining a majority of PSPI's UK assets with ECG's assets and businesses.