3613 days ago
With a 140,000 sq ft refurbishment at St Katharine Docks in London nearing completion, Max Property (MAX) has announced a pre-let of 75,780 sq ft of office accommodation on a 15 year lease to Clarksons Plc, the world's leading provider of integrated shipping services. More good news for this share tip from me.
3628 days ago
Closed-ended real estate investment company, Max Property (MAX) has announced a 21% increase in underlying net asset value per share, to 164.5p, in its year ended 31st March 2014 and a proposed first return of cash to shareholders of 15p per share. Money back to Daddy. Good News!
As noted in the piece adding the shares to the Growth portfolio on the Nifty Fifty website at a 155.75p offer price in February, there was an anticipation of final liquidation and value being returned in 2016 - the company notes “to coincide with what we hoped by then would be a full recovery of the UK property market”. It updates that “this strategy remains in place but with much to do by way of active management over the next couple of years to maximise the value of each asset”.
The proposed initial 15p per share (£33 million) return
3729 days ago
Steve Moore and I tipped this stock on our Nifty Fifty website last week at 155.75p to buy. We measure our performance on an offer to bid basis unlike most websites which hide their real achievements by using a mid to mid. After 14 months in operation the average Nifty Fifty tip is (with an average holding period of around seven months) ahead by 19.38% on an offer to bid basis (including dividends). For more information ahead of our next tip go here. Back to Max (MAX). It is still a buy at 157.5p – last week’s article read:
