AND...?

[THRESHOLD]

Does anybody follow this stock? It has moved up nicely over the last year; it also has all of the right credentials in terms of sector (/s), shareholders, directors, rand hedge nature etc.

[partridge]

Held it sold it. If you want to buy a chicken then go to Woolies.

[THRESHOLD]

That's not much help. It's up 40% and still looks cheap. It is all in pounds, registered "over there" I wouldn't sell with the rand doing what it's doing.

[partridge]

Sold it some time ago. Rubbish rats and mice stuff properties. Bought CCO - guess what happened?

[klapka]

It has been on my watchlist for ever but it is very much off the radar here. Volumes negligible most of the time. I don't like that.Their properties do look a bit shoddy mostly North of England and Scotland but they do say up there "There's money in muck."

[THRESHOLD]

Sure - and I have INT(U) and NTC for UK property - but TDH has huge potential - since it is very actively managed and offers massive leverage due it its size (it is a 50p stock with a capitalisation of 77m pounds.) It should move 12 to 15% below book on its next results. Mr. Wiese just never stops buying shares. What also interests me is their specialised lending business. I assume they will dump the rest of their retail assets to generate cash to fund this business. The beauty of property development is that clever operators with access to a bit of capital can way outperform bigger operators. Anyway - one has to have a bit of variety.

[partridge]

You are right about the properties AND THE VOLUMES - major drawback - ( btw the correct expression is:"Where there's Muck there's brass" -best said with a NORThERN ACCENT. )