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Why doesn't this feature in the riser/faller pages?
Seems that the SP is valued at 10c per share, plus any dividend due. Still undervalued, IMO, based on earnings. RNS hints that the tax burden may not be as bad as expected when it suggests further future payouts. Still unsure why the company is happier to distribute surplus cash as opposed to re-investing it
http://www.investegate.co.uk/article.aspx?id=201001121247134179F&fe=1
http://www.investegate.co.uk/Article.aspx?id=200912220700225193E
http://www.investegate.co.uk/article.aspx?id=200912211140014651E&fe=1
Good work my friend, lets just hope there no more skeletons in the cupboard.......
Done some digging and the tax rate is typically 3.5% of the estate value, or approximately 63m euros in this instance. Wont drag the company under but will wipe out the planned 10c per share redistribution. So taking the all too important fundamentals in to consideration (hehe) I think we're ok. Revenue exceeds costs, and although there's a book loss of 179m for the year, this is purely a readjustment of asset values, and a recovery in the German property market will see this reversed. Biggest issue the company is challenged with is the 'cash trap' clauses that part of their lenders have over them. Any further fall in property values could trigger these clauses causing some cash to be held and thus temporarily unavailable to the company. * Treveria's portfolio is focused on Munich, Hamberg and Frankfurt which are traditionally strong economic areas, Frankfurt being the country's main financial centre. Negative equity is creeping in to the portfolio, are the lenders prepared to tear the group apart or will they show a bit of patience here? I think that's the key, and as long as the company returns a profit on it's property portfolio and increases cash balances then the lenders should use common sense. http://www.propertyworld.com/Property-News/German-property-market-not-so-bonne-1205
re tax http://www.investegate.co.uk/Article.aspx?id=200911131521555110C
bought in on the back of this lot holding and buying in, i don`t see any signs of them selling out.. i`m in and staying in.. DYOR http://www.investegate.co.uk/Article.aspx?id=200910190932459947A http://www.investegate.co.uk/Article.aspx?id=200910051553452574A http://www.investegate.co.uk/Article.aspx?id=200909301638329992Z
It's a relief to see strong buying at this level.
Certainly closer to my average than I was yesterday morning! Getting hammered on Advfn, all the know-it-alls and saying 'told you so', the laughing on LSE goes on behind the scenes ;o)
i have also doubled my holding .. GL to us all !!
Well that's stopped me in my tracks, eh. Sorry to hear about your mum, and apologies for any hurt caused.
Re your post 15:32 Happy to play along with the Youtube clip, however my Mum's dead.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3118795 So, according to the article, the tax liability wont have any adverse effect on the company, except that the 10c per share payout would be shelved. All hinges on whether the tax liability is higher or lower than 60m Euros of course. And even moreso that the company is holding cash in Euros and not sterling
I've just doubled up at 11c a share (two batches 16,000 and 8,000). TipperDave is a gypsy, I tells yer, this is his band.... http://www.youtube.com/watch?v=mifnMC_Kn1Q ;o) PS, TD, I'm only having a laugh and hopefully you can see the funny side, even if it's only that I'm losing my shirt that's making you laugh. If not then, whatever. minger. your mum works in McDonalds. on minimum wage
in business http://www.investegate.co.uk/article.aspx?id=200911111030013309C&fe=1
http://www.investegate.co.uk/Article.aspx?id=200911111030013334C
Janet'll will have her rolling pin ready for you otherwise...
i will get it booked and confirm.. hope we are still friends by next thursday..
That would be ideal for me, kids will be at their mum's
goes south.. i`m staying well away.. for a month or 2 8-)
down next week, like the idea of a night in the city.. which day is best for you ? i would prefer staying over in "C "on thursday nite
a drink either way..
Steel balls and a bottle of chardonnay mate!! When you next down here? My never-ending refurb job is coming to an end soon and I will hopefully be able to spend a few days travelling in between catching up on golf ;o)