ALL27 Oct 2009 16:26
Hi guys, just a post to say that I'm out, just sold after the shocking report from EEE and subsequent SP tanking. DUPD could never ever be affected in the same way EEE has been, due to it's cash position. EEE's problem is that they desperately need the cash. This is what why I have been banging on about DUPD on both this board and over on EEE.
However, despite the fact that DUPD have a great cash position so are safe, it is evident that the eastern european real estate market is in a far worse state than I believed. When the likes of the developments I listed below are finished, it won't be disastrous if they cannot shift them, but it isn't exactly going to be ideal.
So I've taken my profits and will invest elsewhere.
Good luck with whatever you guys decide to do, and I really hope by persuading you to invest here I may have reduced your exposure to EEE!!