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thought you were releasing this at midday redarrows! gotta have a serious look now that it's already up 40%...
Next report will be for year ending dec '09. See the investor relations tab on their website. I would also recommend a read of Dragon Ukrainian Properties & Developments website, see how they compare, and then take a look at both the share prices again... GL whatever you decide
I'd imagine the mass undervalue of current real estate shares is due to people's uncertainty as to whether asset values are going to have fallen more since the latest rounds of evaluations/reports. However, alot in the sector like this, and even more so DUPD are marked down far too much (DUPD 75% from NAV). It seems obvious that there is no way that asset values are going to have dropped that much. I believe when the next round of reports come out, if they show that asset values have remained level with the last report, or increased, then the SP will go mental pretty much overnight. I'm very close to buying back in here, momentum seems to be downwards at the moment though. Holding fast DUPD, hopefully back in here shortly
"throughout the rest of the sells" (not buys)
Big seller this morning, unloaded 800,000 shares in the first hour in lots of little bundles. MMs dropped the price a couple of points after the first 100,000 and then it remained solid throughout the rest of the buys, good sign i believe. I was also trying dummy sells throughout his selling and the MMs were more than happy to take more than NMS off me, so I'm not worried. Since then 50,000 buys in the door. Also - just looking at major shareholders, I think the MMs could be rather short...if we get sustained buying on this then we it could rocket: Shares in issue: 117,716,515 Major share holders: 1 GOLDMAN SACHS SECURITIES (NOMINEES) LIMITED 18,162,440 15.43% 2 EUROCLEAR NOMINEES LIMITED 17,512,299 14.88% 3 VIDACOS NOMINEES LIMITED 14,884,400 12.64% 4 HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED 14,668,635 12.46% 5 BNY MELLON NOMINEES LIMITED 14,450,600 12.28% 6 STATE STREET NOMINEES LIMITED 13,492,366 11.46% 7 HANOVER NOMINEES LIMITED 5,000,000 4.25% Securities not in public hands The interest of the Directors and of persons connected with them in the ordinary shares consists of 21,706,100 shares (or 15.25% of enlarged issued share capital). Tomas Fiala, one of the Group's directors, owns 6,831,700 shares (4.9%). Spinnaker Capital Group, the executive of which is Boris Erenburg, another director of the Group, has acquired 14,874,400 shares (10.5%) of the Group during the first and the second share issues. Add that lot up...
Yes, but a few over on advfn board still have concerns that they may struggle to pay the debt. I wasn't saying that they definitely will struggle, at first I couldn't remember what day it had to be paid back so wondered if anyone could inform of whether it had already been cleared.
Final date for repayment is 30th, tomorrow, I believe. Any any news on whether there is going to an issue repaying it? Apparently a parent company guaranteed the debt, but eee has put up property as security? If it is to be cleared with no issue, I could be tempted back at 9p. This is why I prefer DUPD $88m dollars sat in the bank, no debt, NAV discount of 75%
You should check out DUPD, it's a very similar setup but is even more undervalued, and has a lot of cash. Sold out here to buy there. I am getting tempted to buy a few back here though since this drop, if it goes any further I'll have some. I haven't kept up with this share since, when does the loan repayment have to be paid? It must be literally any day if not already happened?? Was it repaid all ok if the day has already passed?
This was the only blue in my portfolio today, everything else down. As for interest, volume up a little, and as said before all but one trade were buys so that's encouraging. If we can start seeing volumes approaching that of eee then we'll be rocking and rolling. Checked plus, no trades went through on there today so the above figures are all-told. re EEE: I know, kept that on the monitor and it's tempting, want to keep some cash ready for when the overhang on IFL clears though, and top up there. Also, very surprised with PMK today, not quite sure how the market managed to view the results in such a bad light!
Nice bit of movement here today guys. Only one trade was a sell, those trading figures above are incorrect
some buys going through as sells there, price moved up a little though. this is so cheap!
massive volume today boys lol only need to look at 3 month graph though to see it's capable of some quick movement
Well despite all the bad press the eastern europe property market has received over the past year I believe things are now on the up. The rest of Europe is showing signs of recovering from the global recession sooner and quicker than the UK, and our property prices have already shown that they have stopped falling, and are perhaps beginning to head north. Latest news streams from DUPD state that the latest asset valuations are very much on the conservative side, and that demand for leased retail/office space remains strong. The reason I'm so confident is their great cash position; it ensures survival, and even if you take the assets out of the equation it still leaves us with circa 45p/share!
Indeed! Hopefully we'll get moving soon, massive upside is here to be had
Good to have you on board mate
Good man Cash is $88m (USD not GPB) But we're splitting hairs, either way makes no difference!
nice tick up
I haven't managed to find any expectation of immininent news just yet. Just been on investor relations website but they don't show upcoming news/reports. The website looks great though, very positive and eloquent reading. In honesty it just seems to me that this is still 'off the radar'. I posted the first ever post this morning! Just need to drum up a little interest and get this on people's radar and it will fly; undoubtably massive upside here. I did post on EEE board, explaining that this was a similar set up, except it was even more undervalued, and had cash, and had no debt, but fell on deaf ears...! Out to lunch, back in about an hour
I was in EEE which is a very similar company, real estate in Eastern Europe. Everyone thinks that is a bargain with SP @ 11p/share and NAV = 26p/share This has a share price of only circa 25% of NAV, AND it was £88m cash in the bank with NO debts. EEE has no cash, and debts Needless to say this morning I ditched EEE and ploughed money into here! Unless I'm missing something this is unfathomably cheap