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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Eur.Residual | LSE:ERII | London | Ordinary Share | GG00BNZB0D17 | ORD NPV |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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- |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 4.625 | EUR |
Eur.Residual (ERII) Share Charts1 Year Eur.Residual Chart |
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1 Month Eur.Residual Chart |
Intraday Eur.Residual Chart |
Date | Time | Title | Posts |
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28/11/2014 | 09:20 | Don't Forget The Residual | 107 |
07/10/2014 | 19:08 | ERII with Charts & News | - |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Top Posts |
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Posted at 09/10/2014 09:46 by zastas Well OMG.This investment has surpassed even my wildest as well as my most recent expectations. Just returned from Paris and find ERII sort of exploded , in a good way. A reward for all those who kept faith here. |
Posted at 07/10/2014 14:34 by cerrito From the RNS of July 9 2014Quote The Company today announces that approximately 73.7 per cent of the Cell's issued share capital will be redeemed at close of business on 25 July 2014 (the "Redemption Date") by way of a compulsory redemption of Cell Shares. The Redemption will be effected pro rata to holdings of Cell Shares on the register at the close of business on the Redemption Date (which is the record date for the purposes of the Redemption), being 25 July 2014. The aggregate payment made to Cell Shareholders will be €7,850,000 (equivalent to €0.51 per each of the 15,392,148 current outstanding Cell Shares). Fractions of Cell Shares will not be redeemed and so the number of Cell Shares to be redeemed for each Cell Shareholder will be rounded down to the nearest whole number of Cell Shares. The amount to be applied to the partial redemption of the Cell Shares comprises the monies from the realisation of the Cell's assets to be received up to and including the Redemption Date, less the costs and expenses of the Redemption. As at today's date, the Cell has 15,392,148 Cell Shares in issue of which none are held in treasury. All of the Cell Shares redeemed on the Redemption Date will be cancelled. Unquote This suggests that they are now 24.3% of 15,392,148 shares outstanding ie 3.74m shares outstanding They will have a cash balance of E18.2m-lets say the remaining assets is zero value-not sure what it is I assume it is the Italian one which has been a real pain for the 7+ years I have been with Qwil and its successors and let’s say liquidation costs are E0.2m leaving E18m that would suggest nav per share is E4.8. Feel free to correct my figures/thinking Have very few shares left but with the current market gratefully accept any good news. |
Posted at 07/10/2014 13:24 by investor_tp I'm a bit puzzled by the sudden spike in the share price. How many shares are actually outstanding then, perhaps I was looking at an old figure there. |
Posted at 06/9/2014 10:15 by zastas Perhaps an other sale of a residual portion at well above book-value. Could go on as long as there isn't another real 2008-style crash; Draghi's announcements may also help cementing value. Anyhow, it's my last real share investment now. |
Posted at 13/8/2014 09:58 by zastas Hence the drop in price; a devaluation of mine left! |
Posted at 12/8/2014 09:50 by zastas Indeed. But as the tired saying goes, all of us win some and lose some. I never feel bad about selling too early, and you should neither: better to have some profit banked than none at all. Back to ERII. Unexpected further jump again. I am slightly confused why and what is now the NAV of the remaining shares, but will look into it. Discovered not only the capital return but another fat divi as well in my account. |
Posted at 08/8/2014 12:03 by davebowler NAV is about 84p -1.04 Euros31 Jul Factsheet; ERII Cell Position Summary (in million) Number of Positions 4 Residual Income Portfolio Valuation (31 July 2014)8 3.7m ERII Cell Cash Summary (in million ) Cash as at 31 July 20149 0.5m Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above. 8. This figure contains the Residual Income Positions remaining as at 31 July 2014, but at the pro forma dirty fair value per 30 June 2014. 9. Cash balance as at 31 July 2014. |
Posted at 04/7/2014 10:41 by davebowler Liberum 16 Jun;ERII LN | GULF LN | 13 June 2014 European Residual Income Investments (BUY) Magellan disposal GCP Sovereign Infrastructure Fund (NR) Potentially winding up Real Estate Debt European Residual Income Investments (BUY) Magellan disposal Event ERII yesterday announced the sale of Magellan for 7.4m which is in line with the most recent valuation. Following the sale, there are 4 assets remaining in the portfolio with a total value of 2.3m. Cash on the balance sheet as at 12 June 2014 was 9.1m and the board is considering the best way to return proceeds to shareholders. Liberum view Magellan was the largest asset in ERII's portfolio accounting for 68% of NAV at 31 March 2014. We would expect the remaining assets to be sold off relatively quickly with proceeds returned to shareholders in due course. Assuming the remaining investments are realised at NAV, we estimate the NAV total return on ERII since the cell company was established in August 2011 is 69%. ERII trades on an 8.8% discount to NAV which is now comprised of 80% of cash. |
Posted at 14/6/2014 12:25 by insipiens Holts, from the results ERII reported cash flows from investments for the year ended 31 March 2014 of EUR3.1 million, compared to EUR3.7 million in the previous year. The majority of write downs in the quarter ended 31 March 2014 were in the SME Portfolio. Name % of ERII Portfolio Sector -------------- -------------------- -------------------- Magellan 1 67.9% European Mortgage Portfolio -------------- -------------------- -------------------- Smart 2006-1 4.6% SME Portfolio -------------- -------------------- -------------------- Alba 05-1 5.8% UK Mortgage Portfolio -------------- -------------------- -------------------- Alba 06-1 10.9% UK Mortgage Portfolio -------------- -------------------- -------------------- Cash 10.8% -------------- -------------------- -------------------- TOTAL 100.0% -------------- -------------------- -------------------- End The majority of write downs were from the SME Portfolio. This being now just under 25% of the assets (exc cash) Also it looks like mainly £ assets rather than Euros. I wonder if that means it will be denominated in £ after redemption (assuming that is how the cash will be returned). More to come? Maybe.... |
Posted at 06/6/2014 15:37 by davebowler From the May Fact Sheet:ERII Cell Position Summary (in million) Number of Positions 5 Residual Income Portfolio Valuation (31 March 2014)8 9.4m ERII Cell Cash Summary (in million ) Cash as at 31 May 20149 1.6m Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above. 8. This figure contains the Residual Income Positions remaining as at 31 May 2014, but at the pro forma dirty fair value per 31 March 2014. 9. Cash balance as at 31 May 2014. |
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