Pembersone's get-out clause

Article Abstract:

Pemberstone was previously part of Capital Industries and acquires real estate companies in the BES scheme and then liquidates them. Rental income provides earnings, as does the sale of vacant real estate. The company can benefit from past tax losses of BES companies and can avoid tax on profits from the sale of property if this is done at a loss. The company represents a risk for investors but could also offer an opportunity. Pemberstone's profit is forecast at some 1.8 million pounds sterling for 1996 by Greig Middleton.

Pemberstone

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Ripe for a property bid

Article Abstract:

Merivale Moore has a 29% stake held by Warner Estate, which has increased this from 27%. The company has undergone a recovery in the three years to 1999 and has focused on small office sites in London, England. The company can borrow at 6%, and the real estate market is undergoing a boom similar to that of the late 1980s, though it is hoped that stability will be greater than it was then. Warner could bid for Merivale, which plans to raise cash through issuing convertible stocks.

Merivale Moore PLC

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Newport Holdings

Article Abstract:

Newport Holdings has high gearing and small real estate companies tend not to be fashionable among investors. The company does, however, have a rapidly growing portfolio.

Newport Holdings

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