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Share Price: 0.366Bid: 0.326Ask: 0.344Change: 0.00 (0.00%)
Spread: 0.018 (5.521%)Open: 0.298High: 0.366Low: 0.298Prev. Close: 0.00
Outstanding
Share Price: 0.336Bid: 0.25Ask: 1.22Change: 0.00 (0.00%)
Spread: 0.97 (388.00%)
Outstanding
Chairman's Statement
As at 30 June 2023 the significant shareholders of Black Sea Property Plc ("the Company") were as follows:
Beneficial shareholder
Holding
Percentage
Neo London Capital Plc
515,126,806
28.41%
Compass Capital JSC
304,354,182
16.78%
Mamferay Holdings Limited
449,957,562
24.81%
Capman AM
92,000,000
5.07%
Interfund Investments Plc
89,500,000
4.94%
The shareholder structure as at 31 December 2022 is the following:
Beneficial shareholder
Holding
Percentage
Neo London Capital Plc
515,126,806
28.41%
Compass Capital JSC
304,354,182
16.78%
Mamferay Holdings Limited
449,957,562
24.81%
Capman AM
92,000,000
5.07%
Interfund Investments Plc
89,500,000
4.94%
Chairman's statement
I am pleased to present the unaudited interim financial statements of the Company for the six months ended 30 June 2023.
The unaudited net asset value as at 30 June 2023 was €28.7 million or 1.58 cents per share (31 December 2022: €28.8 million or 1.59 cents per share).
During the period, the Company generated revenues of €264,835 (June 2022: €152,646) which resulted in a loss before taxation of €74,412 (June 2022: €553,150). The results reflected other income of €678,836 (June 2022: €106,798), property operating expenses of €283,729 (June 2022: €132,856), other operating expenses of €328,293 (June 2022: €458,473) and interest payable and other charges of €406,061 (June 2022: €215,287). Loss per share amounted to €0.01 cents (June 2022: €0.03 cents).
Camping South Beach EOOD ("CSB")
The summer season in 2023 marked a positive development, despite the challenging environment arising from the military conflict in Ukraine. Camping South Beach preserved its prime position as a destination for luxury camping holidays and beach houses. Following the trend from the previous seasons most of the guests were Bulgarian citizens, as well as tourists from the EU.
Camping South Beach achieved occupancy levels of around 58% in July and 51% in August 2023. On yearly basis the occupancy increase is approx. 5 %, compared to 2022.
Despite the slight increase in occupancy, they still remain below the targeted levels, based on the overall economic uncertainty arising from the war in Ukraine.
In 2023, the third active season under the Concession Agreement ("Agreement") for the beach in front of CSB, has provided additional value to the property and has enabled synergy with the campsite. The term of the Concession Agreement is 20 years, and all requirements and obligations specified in the Agreement have been fulfilled.
The long-term strategy of CSB is to develop the whole Gradina area including the newly acquired adjacent real estate and Black Sea Star hotel into an exclusive summer resort meeting the highest standards.
Ivan Vazov 1 Building
D
100% again
Outstanding
Great results & progress .
Although the reassimilation to the main market remains .
Outstanding
Welcome back BSP .
Maybe that long anticipated move to a bigger market will occur.
Outstanding
We wait for the date of new admission to Aim .
It has been quite a long wait , thus far .
Outstanding
Some poor geezer is light of cash to sell @0.001
Outstanding
900% spread is quite large .
Share Price: 0.0055 Bid: 0.001 Ask: 0.01
Outstanding
Great news .
Should still be a NO Brainer at these levels .
One day we AIM for better .
Outstanding
This remains undervalued .
Best of
This remains RIDICULOUSLY cheap .
Best of
Very cheap at today`s price .
Phone home and buy some.
Best of
Good progress continues.
A relisting of ECDC is essential for further progress .
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By the end of the month .
One hopes for a tad more clarity .
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10,000 x £1000 = £10 million .
Which adds nicely to the MCAP .
Best of
BLACK SEA PROPERTY PLC
("Black Sea Property" or the "Company")
Receipt of Reconstruction Permission
Black Sea Property is pleased to announce that, after a lengthy approvals process with the authorities in Sofia, the Company has now received permission to reconstruct one of the Company's principal investments, the historic Ivan Vazov building (previously known as the Unicredit building) in central Sofia.
The Ivan Vazov building consists of a basement, five floors and an attic, with total floor space of 9,107 m2. As part of the Company's development plan, the Company will convert the internal space into luxury, high specification offices, with the attic floor being reconstructed and converted into a mansard roof space.
As the Ivan Vazov building is a historical monument (as determined by the Bulgarian National Institute of Cultural Monuments), the Company's work will also involve renovating the building's important historic elements (including its columns, the profiled cornices, the figures of Atlanteans and the mask of the Goddess on the façade, and the ornamental wrought iron entrance doors) to the highest standards.
The Company is planning to commence reconstruction works at the Ivan Vazov building in early October 2021. The Company is firmly committed to carry out all of the works in line with the applicable regulations.
The Directors of the Company are responsible for the contents of this announcement.
For further information, please visit www.blackseapropertyplc.com or contact the following:
Looks like a fresh start may be ahead .
Maybe.
Best of
Is a a far distant memory .
A reverse into AC?DC is required for profit to be gleaned .
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Huge spread to deter any trading .
One hopes the news ahead is good.
Borelli tune this one up .
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Spread becomes a little erratic today .
From 3p to 0.5p Marvellous.
We await news very very soon.
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Slow to bring forth fresh news .
At least we are back on the market.
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The Company looks forward to updating investors on commercial developments in due course.
Above £22 million would be great.
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Alive & Kicking .
A jump to the Main Market would be nice.
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The wait for the next piece of Intrigue continues .
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Odd choice for the next Investment .
The plot thickens