Member Info for bbr391

Mr. Gibbons, a South African chartered accountant, previously held various financial positions at Lazard Limited, Pearson plc and Mindscape International Limited before joining Penguin Books Limited as head of financial control. In 2001 he joined Metal Bulletin plc as head of finance until 2007 when he took up a position as a consultant with Marwyn Investment Management LLP.

Buyers are back . Come on my dividend share . gla concerned @ Team Trev

Come on Team Oxus .

Despite the market bobulating . gla concerned

Perhaps another day of zzzzzzzzzzzzzzzzzzzz. Will now be on the menu . gla concerned

Looking strong for more upward momentum ,tomorrow . gla concerned

No opinion is not worthless young man . Being magnanimous is fine .But , not obligatory . Did you have a look at TRV ? It`s worthy of a few of your coppers on monday. Good to see you back young medlar .....

Check out TRV . Dividend of 3.2 euro cents on wednesday. Good value despite 40% rise last week. Besides that , check out WTH and PEG .I would value your opinion ,as I am tempted by both and they are intertwined. Work D`oh . Welcome home

Than a day at heathrow airport . Come on team trev ,let`s `ave some more. gla concerned

Looks like someone noticed the dividend payout too . gla concerned

Until payday ,zzzzzzzzzzzzzzzzzzz. gla concerned

Zzzzzzzzzzzzzzzzzzzzzzzz. gla concerned

Plummet alert ? Why has the sp not moved ? Today of all days. gla concerned

My take on this is that if they wanted to seize the properties and have a fire sale, the covenant breaches would have allowed the banks to do this a few years ago. Hence there is no reason why this should suddenly happen in July 2011 when debt is due to mature ? If you were the bank, your loan is performing, and your interest rate is probably higher than you could re-lend it to someone else in the current environment, the value of your security is rising ( as evidenced by recent sales) wouldn't you roll over the debt into a new longer term facility ? I would expect that Treveria will have to sell a few more properties in order to bring LTV down to 75% but that should be about it. The equity in these properties is worth an extra €0.35 per share i.e. >250% upside to the current price. I agree that there is still risk but the current price is backed by assets and I think the upside is well worth it. I would expect any kind of good news about new bank facilities in the next few months to project this share upwards pretty swiftly.

Highlights · Profit before tax of €12.7 million (30 June 2011: €11.8 million) and adjusted profit after tax* of €7.3 million (30 June 2011: €1.1 million · Funds from operations €7.3 million (30 June 2011: €1.1 million) · Basic and adjusted earnings per share of 2.03c and 1.20c**, respectively (30 June 2011: 1.91c and 0.18c, respectively) · Adjusted net asset value per share 49.8c*** (31 December 2011: 48.9c) · The total cash balance held by Treveria plc and its subsidiaries was €56.5 million (31 December 2011: €65.9 million) · Gross rental income for the period of €47.8 million (30 June 2011: € 48.4 million) · Total value of property portfolio of €1.29 billion (FY 2011: €1.33 billion) · Administrative Expenses €3.9 million (30 June 2011: €5.5 million) gla concerned

Where are all the rampers today ?

New value of 10 possibly , pre dividend payout. gla concerned

Ahead . gla concerned

Usually it`s wise to de-risk before drilling. gl

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