Recap10 Nov 2009 15:35
As of June 30th, Treveria had 135m Euros in cash, which is more than the entire market cap. The company generates 120m a year in revenue against 85m of loan interest. The company's property portfolio is worth in excess of 3.5Euros per share, 15 times the current SP.
It could be very bad news here, there are also two major investors with 25% and 20$ respectively, in addition to the CEOs 20% holding. That's 65% in the hands of only 3 shareholders. So, are we about to be had over a barrel or is there a buyout on the table? Too late for anyone to get in or out, now it's roulette