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Member Info for lemmink


Member Since: Sun, 20th Sep 2009

Number of Share Chat Posts (all time): 1,067
Number of Share Chat Posts (last 30 days): 11

Last Posted: 25 Mar '15


Post Distribution over the last 30 days




25 Mar '15


the Company has entered into a contract to sell the largest asset within its property portfolio, Campus Heusenstamm, for an expected net purchase price of €33.4 million, €31 million of which will be received on closing of the transaction, the remainder being held in escrow with the likelihood of being released by Q3 15. This transaction represents a discount of 18% to the latest Savills net valuation (€40.9 million).

*** My Comment ***

Very upsetting ... the discount given knocks circa 2.4p a share off NAV ... surely keeping the asset would have been better than selling at that price??

23 Mar '15


from looking at trades reported
23 Mar '15


Bought 20k @ 33.17p each (I think) ... Holding 145k
20 Mar '15


It's been a while since I did any analysis on this but I still think it's a reasonable chase on 10p+. Because nav is about that ... Basically it needs a substantial disposal to deleverage ... From memory I think equity is about 10-15%of gross asset value
20 Mar '15


Hi...results seem ok


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