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Where are all the rampers today ?
New value of 10 possibly , pre dividend payout. gla concerned
Ahead . gla concerned
Treveria, a German retail focused real estate investment company, has agreed to dispose of the Silo D property portfolio over a period of time and has appointed an investment management who will be paid 1.8 per cent on each sale. Under the agreement, the servicer, Situs Asset Management, has granted an extension to the standstill agreement to June 11th 2013, with the intention to provide four-months rolling extensions moving forward. "Treveria Silo D looks forward to working together with the new asset manager and the servicer in the implementation of the business plan," the group said.
Treveria, a German retail focused real estate investment company, has agreed to dispose of the Silo D property portfolio over a period of time and has appointed an investment management who will be paid 1.8 per cent on each sale. Under the agreement, the servicer, Situs Asset Management, has granted an extension to the standstill agreement to June 11th 2013, with the intention to provide four-months rolling extensions moving forward. "Treveria Silo D looks forward to working together with the new asset manager and the servicer in the implementation of the business plan," the group said.
Silo G, (JP Morgan; syndicated loan) - Update Further to the announcement made on 26 October 2012, the Treveria G Lenders have today agreed to waive the requirement for repayment of the outstanding Silo G loan amounts until 30 November 2012. This waiver will allow more time for the in-principle agreed extension of the debt facility to be appropriately implemented.
Treveria Group, a German retail-focused real estate investment company, turned to a loss for the year ended December 31st 2011 after gross rental income on managed properties fell from €124.3m to €95.1m year-on-year. Reported loss before tax came in at €14.7m (2010: profit €143m), while adjusted profit actually rose from €5.0m to €5.8m. The company reported a small decline in its portfolio value from €1.37bn to €1.33bn while net asset value per share fell from 54 cents to 48.8 cents. The company secured 233 new leases secured during 2011 generating annual rent of €15.3m, down from the 299 leases and €14.5m generated the previous year. The firm said its cost-cutting programme was progressing.
Good job TRV ! swww.investegate.co.uk/article.aspx?id=201104120700067183E&fe=1
11.24 to buy!!!!!!!!!!!!!!!!!!!! have i got the right ticker
http://www.investegate.co.uk/article.aspx?id=201010131008003065U&fe=1
http://www.investegate.co.uk/article.aspx?id=201009230700081548T&fe=1 you still around norbert ?
www.investegate.co.uk/article.aspx?id=201002020700084909G&fe=1 Revenues look stable, cash balances stable, German commercial property prices stable. Let's hope that the banks takes this in to account before passing judgement
Why is the Ask less than the bid ?
Cheers mate, right back at you too. Let's hope you're having a good night's sleep and not too jet lagged (although I'm guessing that you were awake by 4am!) We've had another couple of inches of snow here (still snowing) so yet more days of cancelled work!
Great to read your posts mate, they are always: informative, well balanced and constructive.. keep it going please because LSE forum need people like you.. cheers.. mystic. . p,s arrived in chicago ok, tranfered to wisconsin.. but with no bag.. DOH ! it`s en route hopefully..
A lot here hinges on the Germany economy, particularly the retail sector. Have a look at previous trading years, ignoring the the 283m 'loss' which was a downgrading of property values and you'll see that the company has a habit of paying a dividend. Add up the last 4 years dividends and you have your entire share price covered. Taking today's SP and the announcement of a payment and you've already covered 30% of the original investment, so risk factors start declining significantly. Your thoughts would be appreciated.
£ is nearly the same as Euro, isn't it all relative?
4c = 4p virtually, nice dividend but will no doubt drag the SP back down when it's paid. Alternative train of thought is that the payment signals that the tax liability will NOT put them out of business. Which is excellent news. Check out the revenue streams, this is very conservatively priced.
on bid .15 / .16
0.15 .147 / .16
IMHO
Cheers
its not traded in £ Its a Euro stock