sharetrader
Page 1 of 2 12 LastLast
Results 1 to 20 of 23
  1. #1
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default St John Balanced Property Fund (SJBPF)

    St John Balanced Property Fund Limited AGM Presentation

    http://www.unlisted.co.nz/uPublic/un...cement_id=1762

  2. #2
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    Trading Halt
    At the request of St John Balanced Property Fund its securities have been placed in trading halt.

    http://www.unlisted.co.nz/uPublic/un...cement_id=1765

  3. #3
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Board Considers Capital Distribution and Halts Share Trading

    http://www.unlisted.co.nz/uPublic/un...cement_id=1766

  4. #4
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Limited Appoints New Director

    http://www.unlisted.co.nz/uPublic/un...cement_id=1768

  5. #5
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Board Announces Share Buy Back Offer - Trading Halt lifted

    http://www.unlisted.co.nz/uPublic/un...cement_id=1777

  6. #6
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Limited Appoints Alternate Director

    St John Balanced Property Fund Limited (St John) has announced today that Sandra Ann Lee has been appointed as an alternate director for Mr Kevin Podmore, to the St John board.

    http://www.unlisted.co.nz/uPublic/un...cement_id=1786

  7. #7
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Board Announces Approval of Share Buy Back Offer

    St John Balanced Property Fund Limited (St John, the “Company”) has announced that at the meeting of Shareholders held in Auckland on 15 November, the special resolution to approve the Company’s offer to acquire up to six shares in the Company for every ten shares held, on a pro rata basis, was passed by 99.84 per cent of the voting shares.

    The offer follows the recent sale of St John’s Bunnings property in Manukau, Auckland which resulted in St John having cash reserves of approximately $17 million.

    St John Chairman Kevin Podmore says, “This offer represented an opportunity for St John Shareholders to realise some of the shares they were issued by the Company in July last year when their mortgage bonds were converted to shares. The buy back price of $1.75 per share is the same price as the conversion ratio used at that time.”

    8,590,020 shares were repurchased under the offer and have been immediately cancelled. Consequently the Company now has 7,182,781 shares on issue.

    Following the repurchase majority shareholder Irongate Property Limited’s holding has reduced from 59.49 per cent to 52.25 per cent.

    http://www.unlisted.co.nz/uPublic/un...cement_id=1794

  8. #8
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Board Announces Changes to Property Portfolio
    St John Balanced Property Fund Limited (St John, the “Company”) announced today that its wholly owned subsidiary, St John Whangarei Limited, has sold Walton Plaza, Whangarei for $12.55 million and purchased 450 Queen Street, a multi, level office building located in the upper Queen Street area of Auckland, for $14.5 million.

    The sale of Walton Plaza was at a 4.2 percent discount to its book value and involved St John providing $550,000 of short term funding assistance.

    St John Whangarei Limited Director Chris Minty says “450 Queen Street represents an attractive added value opportunity for the Company. The Vendor, St Laurence Properties Limited, had recently negotiated a new 12 year to the existing major tenant, Whitirea Community Polytechnic, subject to certain leasing costs.

    These leasing costs are budgeted to total $3.1 million and include the provision of new air-conditioning and a facelift to the building. The market value of the property on completion of the works and commencement of the new lease has been assessed by valuers, Jones Lang LaSalle at $20 million.

    St John has raised $5 million of bank debt to assist funding the acquisition and associated leasing costs.

    “The repositioning of the portfolio has improved the quality of earnings for the Company and its shareholders. The Weighted Average Lease Duration will increase to 8.9 years and pre-tax earnings per share is forecast to increase to 15 cents per share. The unaudited net asset backing of St John shares is forecast to increase to $2.00 following commencement of the new lease.” Mr Minty said.

    Mr Minty also advised that there had recently been a change in property manager, as a result of Cambridge Asset Management Limited acquiring from St Laurence Funds Management Limited, St John’s management contract late in 2010. All information, including St John’s published Annual Reports can now be found at www.cambridgemanagement.co.nz.

    ENDS



    For further information, please contact:

    Kevin Podmore
    Director
    St John Balanced Property Fund Limited

    Phone 04-903-4826 DDI
    Mobile 021 273 2723


    BACKGROUND
    St John Balanced Property Fund Limited was established in 1999. Active property investment company, Irongate Property Limited is majority shareholder with 52.25 percent ownership. More information on St John can be found in the website of the Manager of the Company, Cambridge Asset Management Limited at http://cambridgemanagement.co.nz/Our...y+Fund+Limited



    http://www.unlisted.co.nz/uPublic/un...cement_id=1819

  9. #9
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Limited announces half year distribution
    Please see attached.

    http://www.unlisted.co.nz/uPublic/un...cement_id=1847

  10. #10
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Announces Director Resignation

    St John Balanced Property Fund Limited (St John) has announced today that Mr Peter McGuinness has resigned from the St John Board.

    St John Chairman Kevin Podmore says: “I would like to take this opportunity to thank Mr McGuinness for his contribution to the board.”


    ENDS

    For further information, please contact:

    Kevin Podmore
    Director
    St John Balanced Property Fund Limited
    Phone:
    04 903 4826 DDI
    021 2732 723 Mobile


    BACKGROUND

    St John Balanced Property Fund Limited, a commercial property syndicate company, was established in 1999. St John is managed by Cambridge Asset Management Limited – www.cambridgemanagement.co.nz.

    http://www.unlisted.co.nz/uPublic/un...cement_id=1851

  11. #11
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Annual General Meeting Director's Address - 20 September 2012

    http://www.unlisted.co.nz/uPublic/un...cement_id=2100

  12. #12
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    ST John Balanced Property Fund Limited Share Buyback

    http://www.unlisted.co.nz/uPublic/un...cement_id=2122

  13. #13
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    Disclosure Document for the proposal to make non pro-rata offer to acquire shares

    http://www.unlisted.co.nz/uPublic/un...cement_id=2129

  14. #14
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Board announces approval of share buy back offer.

    http://www.unlisted.co.nz/uPublic/un...cement_id=2162

  15. #15
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    St John Balanced Property Fund Notice of Share Buy Back

    https://www.unlisted.co.nz/Members/u...cement_id=2186

  16. #16
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

  17. #17
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    Annual report and chairman's AGM address posted:

    http://www.unlisted.co.nz/uPublic/un...cement_id=2253

  18. #18
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

  19. #19
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

    Default

    Takeover documents have been posted:

    http://www.unlisted.co.nz/uPublic/un...cement_id=2280
    Last edited by Armillary Private Capital; 07-10-2013 at 11:34 AM.

  20. #20
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    789

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •