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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eredene Cap. | LSE:ERE | London | Ordinary Share | GB00B064S565 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 4.00 | GBX |
Eredene Capital (ERE) Share Charts1 Year Eredene Capital Chart |
|
1 Month Eredene Capital Chart |
Intraday Eredene Capital Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/6/2015 | 18:00 | Eredene Capital - Indian Real Estate Investment | 53 |
| 13/10/2014 | 09:32 | Eredene Capital investment case | - |
| 29/7/2011 | 10:08 | Eredene Capital - Sea Fever | - |
| 13/6/2009 | 09:46 | Eredene capital | 16 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 21/6/2015 19:25 by epistrophy Yes it does feel like a stitch-up. There's clearly value in the shares, but the heavyweight financiers behind the bid are the only ones who will benefit.Following the purchase of 57,055,568 Ordinary Shares the Concert Parties now own over 50 per cent. of the issued share capital of Eredene. There can therefore be no certainty that the current strategy of seeking to realise the remaining investments in a reasonable time frame will continue. There can be no certainty that Eredene will ever pay a dividend or return capital to Shareholders. Shareholders no longer have certain protections which were available to them before the admission to trading of shares on AIM was cancelled. I wonder if there are any major shareholders left who might kick up a fuss. I know Miton/Nick Greenwood owned 4%. jimbob, do you hold shares, and if so will you be accepting the offer? |
Posted at 19/6/2015 15:38 by jimbob17 I think this is a poor show. Yes it is a mandatory offer but the rhetoric in the announcement is clearly aimed at scaring shareholders to sell at half the NAV.The directors say the price is not fair but that shareholders should accept it anyway ! |
Posted at 10/12/2014 21:39 by epistrophy Yes, today was the final trading day before delisting.Interesting that the manager's employees have been picking up shares this week! |
Posted at 23/11/2013 23:18 by mach100 No probs. I am a terrible tipster and have some bad investing mistakes. What happened with PAL? ubc results are out Monday and if the Audioboo story is good I expect it to jump. Dkl has an excellent thread here by a great bloke called mamus, really informative but cos of the spread it is hard to get out of easily. Still as I say for me it is making all the right noises and anyone who gets in now will be ahead of the herd. You can see how quiet the Dkl thread is. There have been a few trades at .98 recently which is just above mid price but I can't figure out whether it is due to tick up or down.Do let me know what happened with Pal. Yes, resources, harvesting and exploration can cost you a fortune! |
Posted at 23/11/2013 18:52 by mach100 Thanks Varies, I am put off anyway with the weakness of the rupee and admin expenses as I said. The spread is about 8% I think but might be possible to buy within that. I like DKL the crude palm oil company which is due to start production in January and will have newsflow in the next months. Big spread though but still my share for 2014 with ubc media if Audioboo- twitter with sound- takes off. Thanks for your reply Varies, I appreciate your input. |
Posted at 16/7/2013 10:28 by varies £20 million divided by 362m = c.5.5p per share. I wonder whether this will be paid as a dividend or if there will be a repurchase of shares at a premium as before.The fall in the rupee has spoilt our figures and I am not happy to see administrative expenses of £4m incurred in 2012/13. All in all, I find this report rather disappointing. |
Posted at 11/3/2013 07:48 by deepvalueinvestor I had hoped we could wait for an IPO of Ocean Sparkle but Standard Chartered Private Equity paid a higher price for their stake than we have on our NAV so we may get a useful boost if they have a buyer in mind. I guess it could be Standard Chartered Private Equity again! |
Posted at 07/1/2013 20:08 by deepvalueinvestor Not a compelling short term trade like Spl but I feel comfortable as a holder as we should expect back, say 6p, per share within 6 months. An IPO for Ocean Sparkle seems increasingly likely for 2013 or 2014 with Standard Chartered Ventures taking a 20% stake at a higher level than our current valuation. If we get back 17p over two years, we can't complain too much after the disappointment of Ennore. True Nav is probably higher than last reported but with currency risk too, it doesn't look a no brainer to buy at 13p. |
Posted at 06/12/2012 20:34 by deepvalueinvestor With the property sale, cash should now be up to 9p per share versus NAV of 17.2p and a share price of 13p. The remaining investments look more promising and I can see no reason that they would be sold at a discount. The Ocean Sparkle stake would almost cover the share price on its own.Not sure where this is going but it seems logical that there will be a return of capital in early 2013. SPL looks the obvious alternative for those who believe in the opportunities presented by the lack of Indian port capacity. However, I really hope Eredene Capital is not simply wound up, as I feel patience would be rewarded. |
Posted at 15/1/2012 15:42 by varies topvestI do hope you prove wrong in suggesting that the price might fall below 10p. One of my most successful investments over the years has been in Ocean Wilsons. 20 years ago most of their Brazilian business was in tugs but they branched out into running container ports and latterly service vessels for oil drilling and production rigs and seem to be doing well although the share price is 25% off its peak like so many others. The investment side of OCN, always a large part of the business, is run by Hanseatic Asset Management who seem very shrewd and OCN invested $2.5 million in Eredene on the placing at 18p last year; they may hold 5%. Nowadays it is rare for OCN to invest in individual quoted companies rather than managed funds and I take comfort in their having made this investment although it looks premature today. OCN's success with container ports shows that they understand this business well. I believe that ERE is currently unloved more because the price has fallen than for any fundamental reason and there may, for all I know, be a stock overhang. Putting one's money into container ports looks to me a surer way of participating in India's industrialisation than selecting individual manufacturers. Having started buying at about 23p, I have been topping up at 13.5p but I now have too much at stake to buy any more. So fingers crossed ! |
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