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PROP Property Rec.

15.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Property Rec. LSE:PROP London Ordinary Share GB00B09G4F14 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 15.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 15.50 GBX

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Date Time Title Posts
27/10/201412:32U.K. Property Cycle / Homebuilders46
27/10/201410:07Undervalued Property Companies20
17/2/201315:21When is the bottom... in UK Property6
23/8/201116:07LIBOR mortgage1
09/3/201110:16The 18 1/3-Year US Real Estate Cycle, charts etc.15

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Posted at 09/11/2010 10:36 by 9461dick
If the company is taken private presumably anyone holding shares has to sell at a price decided by Paul Rackham. Based on his recent purchases it wont be very much. What options do shareholders have? I believe it is possible to swap to shares in the private company, but I'm not sure how this works. Anyone got any experience or guidance?
Posted at 04/11/2010 15:55 by spaceparallax
I wonder - were PROP to have been approached concerning purchase one of the sites, would they need to reveal that to the mkt or would they be allowed to keep it under wraps until some meaningful form of agreement is signed.
Posted at 15/4/2009 10:34 by 9461dick
Property Recycling Group
PROP
Results due 27/4
Price has halved in last 12 months
Sound portfolio of property
Low borrowings
Potential sale of Brigg site for £2 million
Director buying
Looks undervalued
Fair Price at least 30p
Posted at 12/4/2009 21:36 by asmodeus
I could mention quite a few property cos. that have been clearly deemed undervalued, and hence enjoyed astronomical price rises, but am unable to give you any bullet points at all - let alone four - because current figures for valuations, LTVs etc. are unavailable to me. I have doubled-up on some of these, but only on the very ill-advised basis of " somebody must know something" for these rises to be taking place. "Erstwhile" seems the best-informed on these things, and maybe he will comment?
Posted at 07/4/2009 19:02 by fairdeal2008
Thought I would start a list of undervalued property companies (recognising that recently a few have gone on to achieve substantial share price recoveries).

Please provide:

1. the name of the company;

2. the EPIC;

3. three or four clear bullet points explaining why the company is undervalued and deserves a re-rate.


Thanks
Posted at 28/3/2009 10:31 by energyi
Average House Price INDEX Q1 1993=100 Seasonally Adjusted Index: Monthly % Change (SA): Year % Change:
Jan-91 £53,052 105.83 107.13
Feb-91 £53,497 106.72 107.49 0.3%
Mar-91 £52,893 105.52 106.52 -0.9%
Apr-91 £53,677 107.08 107.13 0.6%
May-91 £54,386 108.49 107.27 0.1%
Jun-91 £55,107 109.93 108.16 0.8%
Jul-91 £54,541 108.80 107.01 -1.1%
Aug-91 £54,041 107.81 106.83 -0.2%
Sep-91 £53,259 106.25 106.62 -0.2%
Oct-91 £53,467 106.66 106.80 0.2%
Nov-91 £53,018 105.77 107.20 0.4%
Dec-91 £53,104 105.94 106.63 -0.5%
Jan-92 £51,951 103.64 104.90 -1.6% -2.1%
Feb-92 £51,850 103.44 104.24 -0.6% -3.1%
Mar-92 £51,978 103.69 104.56 0.3% -1.7%
Apr-92 £51,978 103.69 103.66 -0.9% -3.2%
May-92 £52,713 105.16 103.98 0.3% -3.1%
Jun-92 £52,906 105.54 103.97 0.0% -4.0%
Jul-92 £52,727 105.18 103.52 -0.4% -3.3%
Aug-92 £52,312 104.36 103.48 0.0% -3.2%
Sep-92 £51,097 101.93 102.28 -1.2% -4.1%
Oct-92 £50,699 101.14 101.25 -1.0% -5.2%
Nov-92 £49,602 98.95 100.16 -1.1% -6.4%
Dec-92 £49,745 99.24 99.84 -0.3% -6.3%
Jan-93 £50,075 99.90 101.12 1.3% -3.6%
Feb-93 £50,375 100.49 101.35 0.2% -2.8%
Mar-93 £50,187 100.12 100.82 -0.5% -3.4%
Apr-93 £51,677 103.09 102.94 2.1% -0.6%
May-93 £50,901 101.54 100.46 -2.4% -3.4%
Jun-93 £52,786 105.30 103.97 3.5% -0.2%
Jul-93 £52,245 104.22 102.72 -1.2% -0.9%
Aug-93 £51,697 103.13 102.36 -0.4% -1.2%
Sep-93 £51,177 102.09 102.36 0.0% 0.2%
Oct-93 £51,209 102.16 102.18 -0.2% 1.0%
Nov-93 £50,614 100.97 101.98 -0.2% 2.0%
Dec-93 £51,423 102.58 103.17 1.2% 3.4%
Jan-94 £51,621 102.98 104.31 1.1% 3.1%
Feb-94 £51,516 102.77 103.72 -0.6% 2.3%
Mar-94 £52,101 103.94 104.55 0.8% 3.8%
Apr-94 £51,506 102.75 102.46 -2.0% -0.3%
May-94 £51,765 103.27 102.27 -0.2% 1.7%
Jun-94 £51,514 102.76 101.69 -0.6% -2.4%
Jul-94 £52,121 103.98 102.64 0.9% -0.2%
Aug-94 £51,686 103.11 102.44 -0.2% 0.0%
Sep-94 £51,586 102.91 103.03 0.6% 0.8%
Oct-94 £52,850 105.43 105.38 2.3% 3.2%
Nov-94 £52,085 103.90 104.66 -0.7% 2.9%
Dec-94 £52,092 103.92 104.46 -0.2% 1.3%
Jan-95 £50,901 101.54 102.95 -1.4% -1.4%
Feb-95 £50,789 101.32 102.30 -0.6% -1.4%
Mar-95 £51,627 102.99 103.50 1.2% -0.9%
Apr-95 £52,063 103.86 103.48 0.0% 1.1%
May-95 £52,180 104.09 103.21 -0.3% 0.8%
Jun-95 £51,347 102.43 101.54 -1.6% -0.3%
Jul-95 £51,623 102.98 101.80 0.3% -1.0%
Aug-95 £51,238 102.21 101.62 -0.2% -0.9%
Sep-95 £50,933 101.61 101.59 0.0% -1.3%
Oct-95 £50,807 101.36 101.22 -0.4% -3.9%
Nov-95 £50,937 101.61 102.09 0.9% -2.2%
Dec-95 £50,798 101.34 101.85 -0.2% -2.5%
Jan-96 £50,521 100.78 102.34 0.5% -0.7%
Feb-96 £51,256 102.25 103.30 0.9% 0.9%
Mar-96 £51,519 102.78 103.22 -0.1% -0.2%
Apr-96 £52,700 105.13 104.72 1.5% 1.2%
May-96 £52,909 105.55 104.75 0.0% 1.4%
Jun-96 £53,325 106.38 105.49 0.7% 3.9%
Jul-96 £53,589 106.90 105.81 0.3% 3.8%
Aug-96 £54,025 107.77 107.14 1.3% 5.4%
Sep-96 £54,334 108.39 108.23 1.0% 6.7%
Oct-96 £54,825 109.37 109.25 0.9% 7.9%
Nov-96 £55,436 110.59 110.88 1.5% 8.8%
Dec-96 £55,093 109.90 110.52 -0.3% 8.5%
Jan-97 £54,656 109.03 110.87 0.3% 8.2%
Feb-97 £55,621 110.96 112.16 1.2% 8.5%
Mar-97 £56,516 112.74 113.13 0.9% 9.7%
Apr-97 £57,406 114.52 114.10 0.9% 8.9%
May-97 £58,196 116.09 115.25 1.0% 10.0%
Jun-97 £59,189 118.07 116.99 1.5% 11.0%
Jul-97 £60,134 119.96 118.82 1.6% 12.2%
Aug-97 £60,581 120.85 120.08 1.1% 12.1%
Sep-97 £61,334 122.36 122.09 1.7% 12.9%
Oct-97 £61,489 122.66 122.60 0.4% 12.2%
Nov-97 £61,879 123.44 123.68 0.9% 11.6%
Dec-97 £62,037 123.76 124.58 0.7% 12.6%
Jan-98 £61,820 123.32 125.49 0.7% 13.1%
Feb-98 £62,770 125.22 126.63 0.9% 12.9%
Mar-98 £63,493 126.66 126.96 0.3% 12.3%
Apr-98 £64,301 128.27 127.85 0.7% 12.0%
May-98 £65,131 129.93 128.99 0.9% 11.9%
Jun-98 £65,871 131.40 130.03 0.8% 11.3%
Jul-98 £66,654 132.97 131.70 1.3% 10.8%
Aug-98 £66,171 132.00 131.13 -0.4% 9.2%
Sep-98 £65,948 131.56 131.20 0.1% 7.5%
Oct-98 £66,123 131.91 132.00 0.6% 7.5%
Nov-98 £66,150 131.96 132.28 0.2% 6.9%
Dec-98 £66,372 132.41 133.39 0.8% 7.0%
Jan-99 £66,385 132.43 134.74 1.0% 7.4%
Feb-99 £67,021 133.70 135.26 0.4% 6.8%
Mar-99 £68,308 136.27 136.46 0.9% 7.6%
Apr-99 £68,856 137.36 136.95 0.4% 7.1%
May-99 £69,933 139.51 138.52 1.1% 7.4%
Jun-99 £70,789 141.22 139.54 0.7% 7.5%
Jul-99 £71,232 142.10 140.67 0.8% 6.9%
Aug-99 £72,635 144.90 143.93 2.3% 9.8%
Sep-99 £73,232 146.09 145.68 1.2% 11.0%
Oct-99 £73,769 147.16 147.40 1.2% 11.6%
Nov-99 £74,954 149.53 149.99 1.8% 13.3%
Dec-99 £75,219 150.05 151.17 0.8% 13.3%
Jan-00 £75,060 149.74 152.30 0.7% 13.1%
Feb-00 £77,072 153.75 155.72 2.2% 15.0%
Mar-00 £79,393 158.38 158.47 1.8% 16.2%
Apr-00 £80,893 161.37 160.93 1.6% 17.5%
May-00 £81,006 161.60 160.51 -0.3% 15.8%
Jun-00 £81,452 162.49 160.39 -0.1% 15.1%
Jul-00 £81,133 161.85 160.14 -0.2% 13.9%
Aug-00 £80,737 161.06 159.96 -0.1% 11.2%
Sep-00 £80,672 160.93 160.41 0.3% 10.2%
Oct-00 £81,036 161.66 162.04 1.0% 9.9%
Nov-00 £81,770 163.12 163.70 1.0% 9.1%
Dec-00 £82,188 163.96 165.15 0.9% 9.3%
Jan-01 £83,450 166.47 169.32 2.5% 11.2%
Feb-01 £83,314 166.20 168.52 -0.5% 8.1%
Mar-01 £85,077 169.72 169.83 0.8% 7.2%
Apr-01 £86,244 172.05 171.57 1.0% 6.6%
May-01 £87,267 174.09 172.97 0.8% 7.7%
Jun-01 £89,068 177.68 175.23 1.3% 9.3%
Jul-01 £89,962 179.46 177.44 1.3% 10.9%
Aug-01 £90,361 180.26 178.94 0.8% 11.9%
Sep-01 £92,432 184.39 183.68 2.7% 14.6%
Oct-01 £91,653 182.84 183.37 -0.2% 13.1%
Nov-01 £92,262 184.05 184.77 0.8% 12.8%
Dec-01 £93,544 186.61 187.95 1.7% 13.8%
Jan-02 £93,231 185.99 189.23 0.7% 11.7%
Feb-02 £94,965 189.44 192.27 1.6% 14.0%
Mar-02 £96,792 193.09 193.34 0.6% 13.8%
Apr-02 £100,473 200.43 199.91 3.4% 16.5%
May-02 £102,886 205.25 203.98 2.0% 17.9%
Jun-02 £106,693 212.84 209.80 2.9% 19.8%
Jul-02 £108,818 217.08 214.38 2.2% 21.0%
Aug-02 £110,890 221.21 219.43 2.4% 22.7%
Sep-02 £112,919 225.26 224.19 2.2% 22.2%
Oct-02 £113,665 226.75 227.48 1.5% 24.0%
Nov-02 £115,761 230.93 231.90 1.9% 25.5%
Dec-02 £117,206 233.81 235.51 1.6% 25.3%
Jan-03 £117,905 235.2 239.5 1.7% 26.5%
Feb-03 £118,521 236.4 240.1 0.3% 24.8%
Mar-03 £122,180 243.7 244.3 1.7% 26.2%
Apr-03 £122,748 244.9 244.3 0.0% 22.2%
May-03 £124,752 248.9 247.3 1.2% 21.3%
Jun-03 £127,214 253.8 250.1 1.1% 19.2%
Jul-03 £128,251 255.8 252.4 0.9% 17.9%
Aug-03 £129,258 257.9 255.5 1.3% 16.6%
Sep-03 £130,473 260.3 258.9 1.3% 15.5%
Oct-03 £131,947 263.2 264.2 2.1% 16.1%
Nov-03 £133,388 266.1 267.3 1.2% 15.2%
Dec-03 £135,444 270.2 272.3 1.9% 15.6%
Jan-04 £134,806 268.9 274.0 0.6% 14.3%
Feb-04 £138,730 276.8 281.2 2.6% 17.1%
Mar-04 £142,584 284.4 285.3 1.5% 16.7%
Apr-04 £145,918 291.1 290.4 1.8% 18.9%
May-04 £149,020 297.3 295.4 1.7% 19.5%
Jun-04 £151,524 302.3 297.8 0.8% 19.1%
Jul-04 £154,299 307.8 303.4 1.9% 20.3%
Aug-04 £153,743 306.7 303.7 0.1% 18.9%
Sep-04 £153,727 306.7 304.9 0.4% 17.8%
Oct-04 £152,159 303.5 304.7 0.0% 15.3%
Nov-04 £153,439 306.1 307.5 0.9% 15.0%
Dec-04 £152,623 304.5 307.0 -0.2% 12.7%
Jan-05 £151,757 302.7 307.2 0.1% 12.6%
Feb-05 £152,879 305.0 309.0 0.6% 10.2%
Mar-05 £153,876 307.0 308.2 -0.3% 7.9%
Apr-05 £156,128 311.5 309.9 0.6% 7.0%
May-05 £157,272 313.7 311.5 0.5% 5.5%
Jun-05 £157,791 314.8 311.1 -0.1% 4.1%
Jul-05 £158,348 315.9 311.8 0.2% 2.6%
Aug-05 £157,310 313.8 312.2 0.1% 2.3%
Sep-05 £156,517 312.2 311.5 -0.2% 1.8%
Oct-05 £157,107 313.4 314.2 0.9% 3.3%
Nov-05 £157,139 313.5 314.4 0.1% 2.4%
Dec-05 £157,250 313.7 316.4 0.6% 3.0%
Jan-06 £158,478 316.1 320.5 1.3% 4.4%
Feb-06 £158,573 316.3 320.2 -0.1% 3.7%
Mar-06 £162,083 323.3 324.6 1.4% 5.3%
Apr-06 £163,573 326.3 324.3 -0.1% 4.8%
May-06 £164,632 328.4 326.0 0.5% 4.7%
Jun-06 £165,730 330.6 327.0 0.3% 5.0%
Jul-06 £167,733 334.6 330.6 1.1% 5.9%
Aug-06 £167,721 334.6 333.4 0.8% 6.6%
Sep-06 £169,413 338.0 337.4 1.2% 8.2%
Oct-06 £169,623 338.4 339.1 0.5% 8.0%
Nov-06 £172,185 343.5 344.2 1.5% 9.6%
Dec-06 £173,746 346.6 349.6 1.6% 10.5%
Jan-07 £173,225 345.6 350.0 0.1% 9.3%
Feb-07 £174,706 348.5 352.7 0.8% 10.2%
Mar-07 £177,083 353.3 354.6 0.5% 9.3%
Apr-07 £180,314 359.7 357.2 0.7% 10.2%
May-07 £181,584 362.2 359.7 0.7% 10.3%
Jun-07 £184,070 367.2 363.4 1.0% 11.1%
Jul-07 £184,270 367.6 363.6 0.1% 9.9%
Aug-07 £183,898 366.9 366.0 0.7% 9.6%
Sep-07 £184,723 368.5 368.0 0.6% 9.0%
Oct-07 £186,044 371.1 371.9 1.1% 9.7%
Nov-07 £184,099 367.3 367.6 -1.2% 6.9%
Dec-07 £182,080 363.2 366.3 -0.3% 4.8%
Jan-08 £180,473 360.0 364.4 -0.5% 4.2%
Feb-08 £179,358 357.8 362.0 -0.7% 2.7%
Mar-08 £179,110 357.3 358.7 -0.9% 1.1%
Apr-08 £178,555 356.2 353.5 -1.4% -1.0%
May-08 £173,583 346.3 344.0 -2.7% -4.4%
Jun-08 £172,415 343.9 340.4 -1.1% -6.3%
Jul-08 £169,316 337.8 334.4 -1.8% -8.1%
Aug-08 £164,654 328.5 328.0 -1.9% -10.5%
Sep-08 £161,797 322.8 322.4 -1.7% -12.4%
Oct-08 £158,872 316.9 317.4 -1.5% -14.6%
Nov-08 £158,442 316.1 316.1 -0.4% -13.9%
Dec-08 £153,048 305.3 307.8 -2.6% -15.9%
Jan-09 £150,501 300.2 303.8 -1.3% -16.6%
Feb-09 £147,746 294.7 298.3 -1.8% -17.6%






/see:
Posted at 26/3/2009 10:50 by energyi
Buy it now???
=============

Centex Corp. / Friday, Nov. 25, 1994

Closing Price: 20.125 / Open: 20.375, Hi: 20.375, Lo: 20.125
Split Adjust.: $4.484 /
Posted at 01/1/2009 11:57 by lyntwyn
Todays Times has PROP as 'tiddler to watch in 2009'- " although the property market is in bad shape,the group, flat at 12.5p, will be able to buy land more cheaply"
Posted at 07/4/2008 11:44 by 9461dick
From Hardman & Co January newsletter
Property Recycling Group has placed its Stanton, Suffolk distribution site on the market through Savills. The agents appear to be suggesting a possible sale value of in the region of £9m, compared to the £1m book value. This suggests a possible profit, if a sale is achieved, worth 22p a share. We would caution that valuing a site of this nature (93 acres with B8 permission for a major distribution depot) is far from straightforward. Also, putting a property on the market is by no means the same thing as selling it. However, the current share price is only 32p.Investors should be hugely encouraged by this. Also, Property Recycling Group has appointed J M Finn Capital Markets as its NOMAD. The announcement has unfortunately done nothing to stem the weakness in the shares, which we think is probably due to clients of the previous NOMAD selling. The shares have now halved from their mid-2006 peak and are trading significantly so far below their probable real asset value that they really stand out as a value proposition even in the hard hit property sector. Book asset value is 32.4p, but this figure is very historic and almost certainly a considerable understatement. There are several interesting points on individual properties that could benefit from further information. First is the Stanton site, where Ikea had an option to purchase that it allowed to lapse at end-December. There are very few new sites in Britain with the appropriate planning permission that are capable of hosting a major distribution base, but this is one of them. It is an old WW2 airbase, is situated close to the A143 and was purchased in 1997 for just over £0.7m. It is zoned for commercial and industrial use, and covers 93 acres. Ikea had taken out its option many years ago when property prices were considerably lower than they are now, and the fact that the option has expired unexercised should lead to a significant increase in value for this site. This property now has B8 planning approval for a 1.2m sq. ft. distribution centre. The eventual buyer will have to find approximately £2m to fund section 106 off-site highway improvements. Another site of great interest is the 44 acre property at Hensby near Huntingdon. This is zoned commercial and industrial and has a waste management licence for composting, a business that is hugely popular at the moment. The site is let and producing £260,000 p.a., but is only two years off a rent review. It was purchased for £1.8m - or £41,000 an acre. It is worth a great deal more now, even in the current difficult market for property, and the value will leap once more on a favourable rent review
Posted at 28/12/2007 05:06 by energyi
(From a thread on GEI- anyone interested in US property here?):

QUOTE (Rudi @ Dec 28 2007, 01:21 AM)
Although I agree that the builders may be a leading indicator for direction,
I don't agree that they will move together in the way you are suggesting with that chart.
UNQUOTE
- -

(DrBubb):

???
The chart shows the history of how they HAVE moved together in the past.



Look, I do agree that House prices will be more "sticky" to the downside. We are seeing that already, I think. But so long as the builder stocks remain under severe downwards pressure it should make sense to stay away from buying property. And even if there is a bounce which turns into a move breaking the downtrend, I still think you will have another 6-12 months before UK property hits bottom.

I watched how well this bellwether worked in the UK, and then used HK property developer share price movements to help me time my aggressive move into Hong Kong property, just under one year ago. I will remain learn, andwatch for signs of a breakdown in that indicator.

Here's the cycle from another thread:



I think the US builders may bottom in 2008 or 2009, after a sharp fall*
...and the UK builders maybe a year later. I would then be alert for a buying opportunity within 12 months of that bottom.

- - -

*Sharp Fall?
Here's an update of the CTX/Centex chart for the last ten years



It is not impossible that we have seen the lows already.
But the 18 1/3 year cycle would suggest a low next year (2008) or maybe 2009.
Property Recycling share price data is direct from the London Stock Exchange

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