Monday, January 14, 2008

Shadowy company to sink £1Billion in UK property companies


The activist investor company Laxey has announced plans to launch a £1 billion property fund, designed to take advantage of the sharp drop in the share prices of many listed property companies. Land Securities, the UK’s largest-quoted property company, is currently trading at well over 30 per cent below its Net Asset Value while British Land is nearly 50 per cent below. The company will take stakes of upto 20% in UK property companies, which it described as very cheap. Property stocks rebounded on the news.

Posted by little professor @ 08:47 PM (664 views)
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One thought on “Shadowy company to sink £1Billion in UK property companies

  • Good. Let them lose large amounts of their money (which is probably all our money).

    We are probably outside the experience cycle of anybody currently alive and active in policy making or corporate leadership. The last comparable period being in the late 1800s with a transition of power from East to West. Hence, experience needs to be adapted.

    We are still seeing activity that looks like people believe this is the late 80’s early 90’s, the 1970’s or the 1930’s. It is none of these.

    We are also seeing people not yet understanding that we are at the most rapidly changing moment on a number of driving curves that will see straight line analysis need to be updated on a daily basis; ie.

    morning: there will be no recession
    lunchtime: there could possibly be a recession
    afternoon: there is even chances of a recession
    evening: we are in a recession
    nighttime: no – actually its a depression.

    Lets keep to some basic principles however; any activity to avoid getting people doing efficient, productive, innovative things will slow this countries return to a decent standard of living for 10 years at a time. This country has been a PR exercise for the last decade or more.

    To borrow and adjust a favorite quote from the Bourne Identity:

    Nevermind being OK to the end of the month, ff we don’t take care of this [british economy], we don’t make it to the men’s room.

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