Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
At CBRE’s annual European Valuation Seminar, the key theme that emerged was that while there are continued broad threats to the European economy, an understanding of the risks and economics will unmask real estate market opportunities even within a volatile market. In a week of accelerated change in Europe’s economic and political landscape, the seminar focused on the opportunities that the region could provide for real estate investors given the dual problems of sovereign debt risk and the European banking crisis and the fact that individual European economies are showing widely divergent fortunes. The opportunities that emerged during the discussion fell into two categories. In markets which are less volatile, with relatively more stable prospects, investors are likely to be drawn to higher quality assets where there is some protection from the economic uncertainty in the more unstable economies. In more volatile markets, which are likely to be seeing some form of restructuring, investors should be seeking to differentiate between those that can “self-heal” and those that cannot. Peter Damesick, EMEA Chief Economist, CBRE, commented: “In 2011, we have seen real estate capital flows shift to Germany, the Nordics and particularly Poland in Central and Eastern Europe, with investors avoiding sovereign debt risk markets and retail property taking a larger share of the market. Looking ahead, low returns from cash and top-rated bonds will continue to make secure property income attractive, with sustained demand for prime assets in core markets. Beyond this, investor perceptions of and reactions to market risk – sovereign debt and growth – will affect appetite for prime assets in non-core markets and for secondary quality assets.” Guest speaker, Professor Simon Martin, head of research and strategy at Tristan Capital Partners, added: “Capital is being very carefully allocated in this challenging environment. However, investors considering venturing beyond core, prime markets can exploit a wide spread for taking on risk. As the uncertainty clears, investors who have been able to differentiate between those troubled markets that have the ability to self-heal, and those which cannot, may benefit from windfall profits.”
Behind the scene http://www.boymelgreen.com/en/about_companies.php?company=engel%20east%20europe Coming soon, branching into income generating properties as informed by rns. With the framework in place and backup of erd and Gbes
Poland not looking to shabby http://online.wsj.com/article/SB10001424052970203503204577036222833711952.html?mod=googlenews_wsj We just need a bit of housekeeping and crack on in these areas
Our new focus area growing nicely http://www.cnb.cz/en/statistics/sdds/
Engel Resources and Development Limited Further to the announcement issued on 13 July 2011, Engel East Europe N.V. ("Engel" or "the Company"), the AIM listed East European property developer, is pleased to announce that the agreement made within the framework of a creditors settlement between GBES Limited (a company incorporated in Cyprus) ("GBES") and Engel Resources and Development Limited ("ERD"), the parent company of Engel General Developers Limited ("EGD"), and EGD, has now been completed. GBES now holds 53% of the issued share capital of ERD. ERD owns 100% of the issued share capital of EGD, which in turn owns 68.4% of the issued share capital Engel. GBES therefore has an aggregate equitable interest of 36.3% of the issued share capital in Engel. In addition to the loans granted in previous years, ERD has provided several additional bridge loans to Engel in 2011 amounting approximately €1.7 million in total for working capital purposes. Enquiries: Engel East Europe N.V. Tel: +31 20 778 4141 Assaf Vardimon Libertas Capital Corporate Finance Limited Tel: +44
not very good reading, tbh tho was this not kind of expected from a company going through a divest phase? positives? most debts secured on the individual project, we can walk away and let the bank have it if it doesnt look profitable. would gbes throw 20mil in if they didnt see a future here or have a plan? cheap shares for those who dare!!!!
Anyone think we could see numbers like these again in 5 years? Interim results to June showed net assets increasing 25% to €54.5m and net cash of €36m. Profit before tax of €12.1 was up from €1.8m on revenues up 147% to €23.2m. The company will pay a €0.021 interim dividend too. You never know!!!
http://www.csillagkert.com/index.php?art=0301&lang=EN http://www.viladomyveleslavin.cz/flats.php http://www.vokovicerezidence.cz/home.php?sekce=ceny http://www.emiliiplater10.pl/apartamenty.html?lng=en hardly struggling to sell properties, tbh thought this would be in double figures by now.
Are a property development company, not an agent. Profit will be derived from development cost plus overheads deducted from sale price. The thing is now they have refocused on lower profit margins with higher volume sales in the areas with expanding economic growth. Can't see any sales on plus tho..... Dropped it on a 1k share sale!
http://www.viladomyveleslavin.cz/cenik-bytu-en.php Not done the calcs myself but apparently sales alone of this one project is above current Market cap.