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PLAZ Plaza Centers N.v.

50.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plaza Centers N.v. LSE:PLAZ London Ordinary Share NL0011882741 ORD EUR1.00 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 50.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
40.00 60.00 50.00 50.00 50.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Lessors Of Real Property,nec EUR 192k EUR -38.95M EUR -5.6813 -0.09 3.43M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 50.00 GBX

Plaza Centers N.v (PLAZ) Latest News

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Date Time Title Posts
11/1/202212:45Plaza Centers, European developer. PE sub 3, 9% yield99

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Posted at 26/4/2024 09:20 by Plaza Centers N.v Daily Update
Plaza Centers N.v. is listed in the Lessors Of Real Property,nec sector of the London Stock Exchange with ticker PLAZ. The last closing price for Plaza Centers N.v was 50p.
Plaza Centers N.v currently has 6,855,603 shares in issue. The market capitalisation of Plaza Centers N.v is £3,427,802.
Plaza Centers N.v has a price to earnings ratio (PE ratio) of -0.09.
This morning PLAZ shares opened at 50p
Posted at 10/7/2015 08:38 by falia
PLAZ A NEW GAME NOW
Posted at 23/12/2014 15:34 by mudbath
What are your current views on PLAZ greedfear ?
Posted at 13/2/2014 09:06 by greedfear
An updated debt restructuring. We're going to enter exciting times for PLAZ and us shareholders.

What would you do if you were a bondholder and get the feeling bondholders will agree with the restucturing while there's a huge gap between nav and sp?
Exactly! Start buying PLAZ shares.

Truly a greed and fear play ...
Posted at 16/1/2014 09:34 by greedfear
That's why I've been in for some time. Returns can be amazing once investors decide to return to property.
A lot of funds have been writing off substantial amounts on their property.
Also a lot of those funds have a huge gap between share price and (an allready very depressed) net asset value.
Think about what will happen if the gap starts closing while net asset value will start to increase.

It's a bit OT here (sorry about that) but ECDC for instance has a 80% discount to net asset value. The crown jewel is a 40% interest in a class A Bucharest office ( value of that 16-17 euro cents per share). This office yields something like 8% that's very high compared to other countries while yields have been 6.25% in Bucharest not so long ago. Rents in Bucharest seem to have bottomed. Any renewed interest in real estate and all ingredients are there for the share price to take off.

They've got some other real estate investments in their portfolio written off to practically nothing.
30 eurocents nav (17p of that in Cascade) yet shares can be bought at 5.5 eurocents.
Problem with ECDC is that's quite difficult to read their numbers.

I'm quite convinced real estate funds are where the money is to be made now (have been for some time frankly, quite a number of them have doubled-tripled last year or so.
Posted at 15/1/2014 22:05 by greedfear
It is, because they invest a lot in distressed securities based on fundamental analysis.
Also specialized in arbitrage, hedging and bonds.

This is right up their alley. Makes me think they might have a position in the bonds being in a position to influence any outcome of creditors voting in the court meeting in april.

Other bondholders might follow their strategy which can be very worthwhile as there's a large gap between share price and net asset value (12->70).

I'm in and willing to watch and learn.
Posted at 15/1/2014 21:08 by mudbath
Davidson Kempner Capital Management LLC is an event-driven hedge fund manager.

Plaza Centers N.V. ("Plaza" or the "Company"), announces that it has received notification that Davidson Kempner Capital Management LLC, now holds 16,478,999 shares in the Company, representing approximately 5.54% of the entire issued share capital of the Company.

Interesting.
Posted at 20/12/2013 09:48 by muzerewa
At EGM yesterday proposal for waiver of pre-emption rights was denied, which makes a share placing less feasible. Good news if the fear was getting diluted, but bad news if the fear was insolvency. Will a rights issue be proposed? No share price movement which seems curious.
Posted at 25/11/2013 20:49 by muzerewa
Good luck with your investment. I have looked at these but decided not to invest now. The Baker Tilly cash realization forecasts for the 5 years seem rather back-ended and depend on successful development and exit of a major shopping center project in Romania (Casa Radio). This is challenging in view of current climate in Romania, where many shopping centers have come on to the market in the last 3-5 years, so competition is quite strong, and some are trading very poorly.
Bank financing to fund major property development is still hard to come by, particularly as many local banks are only now going through the painful process of taking write downs on loans made during the boom period. Of course over the medium term things can improve sentiment-wise, and any improvement will be beneficial to the investment case. But I have a feeling there'll be lots of opportunity to pick this share up at a "bargain" over the coming months/years.
There may be short term share price bounce in the event of successful capital reorganization/rescheduling of bond obligations. If I was investing at current prices I think I'd inclined to take profits in the event of any bounce either at the time of announcements, or in advance of them, if the price ticks up as news leaks out.
Posted at 25/11/2013 15:49 by greedfear
Must be the bottom. If bond holders agree there probably is going to be a right issue that corresponds with 6p for each share issued till now.

The volume doesn't look like people wanting out at this level.
There is/are seller(s) though but not being very agressively.
Probably investors that do not want to invest more into PLAZ but willing to take part in the right issue.
Freeing up money to do so, but it would not make sense for them to sell below 6p or so as that would be the contribution per share PLAZ would ask from their shareholders for every share held if the right issue would take place.

Can't afford to buy anymore PLAZ alas.

Anyway, just my two pennies.
Posted at 19/11/2013 15:50 by greedfear
I'm a buyer here and will continue to do so if share price collapses any further.
Plaza has got top class assets and "only" a liquidity problem.
There are risks, sure, but the discount to NAV is overdone.
Expect 3-5x current share price within a couple of months time.

DYOR and BOL. lol.
Plaza Centers N.v share price data is direct from the London Stock Exchange

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