Member Info for grouchomarx

Am expecting "mega" news within weeks (outlicensing topical pain relief) already. This year will be one with a lof of news and I feel like a great year for FUM holders. It looks like there is a seller in the market so it's a good time to buy/add.

least expected.

Now why doesn't that surprise me ? I'm not in it for the trade, I'm in it for the real better times when the sp starts closing the gap with net asset value (and net asset value starts increasing). Investors like stones and they will start loving them even more in future. No doubt.

You're welcome Marky. Can't say it's going to be flat for a couple of months. A lot can happen. Someone might try to take PLAZ out of Elbit's hands. Property can be sold meanwhile, making an instant pay off of bondholders possible. I understand what you're saying. BOL.

only something like 160,000 shares have been traded. We are to believe the sp should be 25% down because of it. It looks like this is being walked down very professionally. Someone wants the shares and they want them on the cheap. All imo offcourse.

Maybe one day we'll get clarity. Anyway, some larges trades went through on 6-1 and 7-1 those we're reported late, but I believe they were the cause of the sp going north. 6-1: 1.0 million @10.5, 1.5 million @10.89 7-1: 1.5 million @12.17, 1.5 million @12.33 Maybe we'll get to see the RNS shortly. Well done on your 75%, congrats!

opinion. It's a buy for me. Like said I expect the bondholders to say yes to the new proposal, which will give the sp a short term boost to 20-40p imo. Once that's behind us a gradual closing of the gap between price and net assue value will occur. Prospects for the asset value to rise seem to improve by the day. Investors like to invest in stones (better than bonds and probably better than shares that have done well last year).

People looking for investing in property without liquidity problems should take a look at ECDC (NAV 30 eurocents, price 5 eurocents).

Bondholders will be voting on the 17-4-2014 court meeting in Amsterdam.

No offense, but you should get your facts right. The net assets are not 1.29. According to the latest reprots net equity is 258 million euros, that's more like 0.7 GBP per share.

Factually a lot of shares did change hands (millions of the trough the direct access market). And the shares did rise for a reason (being the agreements that their largest shareholder Elbit reached and probably a correction to the overdone market response to PLaza's liquidity problems (+ ING Pension Fund holding 15% probably forced to sell because of rules).

You're confused. You can say that again. The debt to bondholders is something like 202 million euros. It's not an asset problem PLAZ is having it's a liquidity issue. They can't pay back the bondholders in time. So that's why bondholders have been asked to agree with a delay in repayments of 3 years (getting higher interest rates and stock options in return).

I think they will. Bonds are quoting between 95-100% (were 70-80%) a couple of months ago. This while the asset values have been revised downwards. Bondholders seem to think they're better off with new arrangements than the old ones (as proved by rising bond prices (?))

Somewhere between 20-40p. I would like to give you a higher number, but that's what I'm expecting.

You're probably mixing things up. The court and bank approved arrangements you're talking about have got nothing to do with PLAZ. It does concern their major shareholder (62% or so) Elbit Imaging. Which I believe is good for PLAZ too. Because Elbit's financials are improved (because a lot of debt (bonds) will be converted into equity) and Elbit's shareholders would hate to see PLAZ shares becoming worthless. Also there is the matter of bank Hapoalim, whom Elbit came to an agreement with. Bank Hapoalim did get (amongst other securities) 29% of PLAZ shares as a collateral for their loan to Elbit. Surely the bank would hate to see PLAZ shares becoming worthless too. PLAZ still has to come to an agreement with their bond holders. I'm optimistic about that.

Down on no volume. "They" (?) are just trying to walk it down, trying to make people sell. I just hold, waiting for better times (maybe even an offer is in the making?)

In theatres 22-3-2013. Worldwide sales rights. Interesting comment in screendaily: "The film has tested very well with UK audiences. “If we can get the marketing right it will have the core audience of Asians in the UK, but it has a real chance to break out,”

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Nominal value is 1p now. And what we'll get will be 0.2p. So yes, it's a laughable warning.

learned. It will be worth losing the 12% that's left now to prevent this deal going trough.