Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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yep still in JPR and CSLT!!
Not bad thanks mate,some up/some down...you know how it is! JPR alas in the second category(i assume you,ve still got them?).
Hello Stranger -not seen you for a long time! Yes I am in this bought in this morning -purely a punt but given the level of buying and having read the interims decided it was a dabble! Hope you are well?
Ah ha',a familiar face!!! There's a small discount to nav(c.80p end of June),so can't believe that's what all the buying is about,the german side going better,sold off some of the uk portfolio at a profit I think,interim nothing exciting goes ex end of this month 1.4p,so that's hardly going to flog 18 million!!! Anyway that's all I know but have bought a few just in case,good luck if you're 'in''!!!
looks like my dislexyia is back -apologies for the typos in the previous post!
Over 18m buys today! Anyone any ideas as to why , and is ot not a bit starnage that the SP has hardly moved?
Received this message from company last night: "Hansteen Holdings plc ('Hansteen') (LSE: HSTN), the investor in UK and continental European real estate has exchanged contracts to acquire a 1.221 million sq ft multi-sector portfolio of 61 freehold and leasehold assets (the 'Portfolio') from various subsidiaries of Kilmartin Holdings Limited (in Receivership), Kilmartin Group Limited (in Receivership) and Annfield Assets Limited (in Administration) for £80.375 million. The Portfolio has the following characteristics: *1.221 million sq ft across 54 freehold and seven leasehold properties *18 properties in England, 42 properties in Scotland and one property in Northern Ireland *24% by value in industrial, 30% in retail, 23% in offices, 8% in leisure and 15% in development land *48.2% by value in England, 49.5% in Scotland and 2.3% in Northern Ireland *Net annual rent receivable of £5.596 million, equating to an initial yield of 7.0% (8.1% excluding land) *Current vacancy of 58.3%, with an ERV of over £8.9 million The Portfolio is highly compatible with Hansteen’s intensive management approach and the Directors’ experience across the UK market. The acquisition of the Portfolio is to be funded from Hansteen’s existing cash resources. It is intended however that the acquisition of three freehold industrial properties from the Portfolio will be completed by the Hansteen UK Industrial Limited Partnership for total consideration of £9.465 million. The acquisition of the majority of the Portfolio will complete on 5 May 2010 and the acquisition of the leasehold properties will complete five business days after obtaining the relevant landlord consents. Ian Watson, Joint Chief Executive of Hansteen commented: 'The Portfolio provides a great opportunity to create significant added value through improving occupancy levels and imposing our intensive management approach.' Morgan Jones, Joint Chief Executive of Hansteen added: 'We have reached an exchange in ten days and during this transaction have established sound working practises with the Administrators, the Receivers and the Bank and have consolidated relationships we hope to build further on in the future.' "
Hansteen Holdings has entered into a conditional agreement to acquire or procure the acquisition of an 861,010 sq m German industrial property portfolio from HBI S.?.l. and HBI Delta Sub S.?.l. for EUR330 million, · The Portfolio: o 34 freehold properties across Germany o Approx 861,010 sq m of leasable area on 205 hectares o Let to occupiers for industrial, workspace and office use o Net annual rent receivable of EUR30.3 million per annum, equating to an initial yield of 9.2 per cent. o Current vacancy of 24.4 per cent., with an ERV of up to EUR7.7 million o Capital value of built space EUR384 per sq m compared to an insurance rebuild cost of EUR798 per sq m o Originally acquired for approximately EUR439 million and at peak, valued at EUR454 million o Highly compatible with Hansteen's existing German portfolio and intensive management approach · Funding o c.EUR260 million five year facility arranged by UniCredit on beneficial terms and with no recourse to the Hansteen Group o c.EUR70 million from Hansteen's existing cash resources · Transaction subject to shareholder approval at a General Meeting expected to be held on 1 April 2010 Ian Watson, Joint Chief Executive of Hansteen commented: "We know this portfolio well; it was acquired during the time we were assembling our German portfolio and the two are highly compatible. Our management approach will provide an opportunity to create significant added value, particularly by improving occupancy levels." Morgan Jones, Joint Chief Executive of Hansteen added: "This portfolio has recently suffered significant capital constraints. We believe that a new asset management strategy could add further value. These opportunities, coupled with a new five year loan on very beneficial terms make this transaction particularly attractive to us."
Worth checking out message board over on iii for current posting
http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3153906&c=1
On Wednesday [last] Hansteen revealed results for the six months to 30 June, which showed a fall in nav but improved income from its european portfolio.The co's Nav fell 16% to 107p......... "The Co said that as a result of its share placing, its current nav is 87p" from E.G mag 30th Oct Can't see why this should trade at premium (albeit slight) to nav when others are trading at discount of 25/30%. E.g. wkp
looks like £1 will finally be achieved
Sell you mine for 90p!! Got in on the back of the open offer. Seems to be a well regarded company with decent assets and healthy balances. Think the open offer was done for the Right reasons (For expansion) and I read that they are planning to move onto the main market.
still say should be 1£
No one else attracted to this share and interested in the placing.
should be at least £ 1