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Kennedy-Wilson Holdings, Inc. Message Board

thorntttt 8 posts  |  Last Activity: Mar 24, 2014 11:17 AM Member since: Nov 16, 2006
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  • Reply to

    let's get this board active again

    by williamjohnsonfamily Mar 16, 2014 4:22 PM
    thorntttt thorntttt Mar 24, 2014 11:17 AM Flag

    Fabulous company which appears to be created great value for its holders. The company makes money in three ways; investing for its own account, getting paid from other investors to manage the properties it acquires, and finally a percentage of the profit when those properties are sold. They seem to consistently move ahead of the crowd into distressed areas. Their latest two fund raising activities have been over scribed-the Europe Fund and the latest bit of bonds. Prominent investor funds provide funds to them.
    I view this as one of those companies which you buy and simply forget about. While the market will move the stock price up and/or down, the management appears to be continually increasing the value of the company.

  • Reply to

    europe fund

    by thorntttt Mar 3, 2014 8:56 PM
    thorntttt thorntttt Mar 7, 2014 10:39 AM Flag

    don't think they transferred the old deals but I could be wrong. What I mean by money in hand is that now that have the $1.7 billion in cash in the new company while before they had to go out and arrange the financing for each deal with various deep pocket investors. And this allows in the future for them to sell stock in KWE to raise capital for new deals without diluting KW.

  • Reply to

    europe fund

    by thorntttt Mar 3, 2014 8:56 PM
    thorntttt thorntttt Mar 5, 2014 9:18 AM Flag

    kw will own approx 12 1/2 % of each deal because of their percentage ownership. That is not all that different from many of the deals they are in.....and nothing stops them from making deals outside the new venture.....and now they HAVE the money in hand....no more running each deal through its money partners...much more efficient....I think this will allow them to make some very big deals.

  • Reply to

    Occam's Razor

    by willy_may_hudson Mar 3, 2014 8:18 AM
    thorntttt thorntttt Mar 3, 2014 9:00 PM Flag

    If they do decide to take it private, other companies will have a chance to raise any price suggested. And how many companies have Prem and Wilbur taken private after taking large public positions? Exactly.....

  • thorntttt by thorntttt Mar 3, 2014 8:56 PM Flag

    Tried to raise $1.3 and ended up with $1.7....great demand and an expression of faith from the big pools of money. This allows for a much simpler structure for KW and lots of management fees, etc. Figure the 50% leverage and they are at $3.4 Billion of property....that is one big increase in their portfolio.

  • Reply to

    Oil Refining is a small profit business

    by barebuttbob2014 Feb 12, 2014 11:59 AM
    thorntttt thorntttt Feb 12, 2014 5:56 PM Flag

    What I never get about many people who post on Yahoo is that they seem to think that ONLY they know stuff. This stock, which I own with a loss, is going down and has been going down for some time...even on up days....a reporting period is coming. So obviously Mr Market expects not so good results....and yet posters here keep saying that this will be a blow out quarter. Hope they are right but whatever posters here KNOW, Wall Street knows better and sooner. Only advantage we have is that Wall Street is very short term oriented and they have prejudices.

  • thorntttt thorntttt Feb 8, 2014 4:35 PM Flag

    love Berkowitz but he has been very, very wrong on this company. Yes they have used $66 per share in buybacks but at much higher prices. What that has resulted in is a greater share of the cash losses which never seem to end. Assets are there but the losses from the ongoing retail disaster are eating up the value here. Probably worth lots more than current price but no where near what is was originally thought to be worth. And with JCP heading VERY south again there will be lots and lots of available space in the malls. Yes Eddie is trying to use existing space via sublease so that he can concentrate the remaining space in lots of stores on the profitable parts of retail but this is taking SOOOOOOOOOOOOOOOOO long that is continues to eat into the final value. And who can figure out exactly who owns what between the hedge fund and Eddie....stock is being sold and bought but appears that the total number owned between eddie and his fund is actually going down. Glad someone can figure this puppy out because if it beyond me.

  • Reply to

    No One Comes Here Anymore

    by porkypiggins Dec 30, 2013 8:24 PM
    thorntttt thorntttt Jan 28, 2014 4:12 PM Flag

    I am also still here for the water value. But the buzz is about the oil drilling. Any info would be appreciated.

KW
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