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IERE Invista Euro.

0.30
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invista Euro. LSE:IERE London Ordinary Share LU0273211432 ORD EUR0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.30 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 0.30 GBX

Invista Euro. (IERE) Latest News

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Invista Euro. (IERE) Discussions and Chat

Invista Euro. Forums and Chat

Date Time Title Posts
01/1/201618:06A GAMBLE- 5 +TIMES YOUR MONEY BY MAY 2014955
01/6/201414:56Invista European Real Estate Trust2,390

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Invista Euro. (IERE) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Invista Euro. (IERE) Top Chat Posts

Top Posts
Posted at 08/9/2015 11:39 by colin12345678
City Investors Unit ‏@city_unit 1m1 minute ago

#IERE 12pm RNS boom time
0 retweets 0 favorites
City Investors Unit ‏@city_unit 32m32 minutes ago

#IERE step down triggered - NAV just went to £39m - sensational
0 retweets 0 favorites
City Investors Unit ‏@city_unit 48m48 minutes ago

#IERE RNS logged get ready
0 retweets 0 favorites
City Investors Unit ‏@city_unit 2h2 hours ago

#IERE are we ready? +25% another 1475% to go
0 retweets 0 favorites

City Investors Unit ‏@city_unit 2h2 hours ago

#IERE refinance deal takes this from £0 NAV to £39m NAV - who wouldn't want to be in this
0 retweets 0 favorites
City Investors Unit ‏@city_unit 2h2 hours ago

#IERE about to blow
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City Investors Unit ‏@city_unit 3h3 hours ago

#IERE those with DMA can see the buying in Bloomberg again this morning..,cleaning up!
0 retweets 0 favorites
City Investors Unit ‏@city_unit 3h3 hours ago

#IERE we await the RNS - not long now - 1500% today if released before 1pm
Posted at 08/9/2015 11:33 by colin12345678
fenseal999 i get now you are waiting to get in lol


fenseal3 - 08 Sep 2015 - 09:28:33 - 4308 of 4309
I thought i would have missed the boat, no funds till end of September, thought the purchase by PVW and Zak Mir's tip for SML to go to 0.8p would have moved the share price but nothing yet which is good for me, did notice some big buys on ISDX yesterday and some on AIM today, still no rise yet, can peeps hold off buying untill October, thanks 8-)
Posted at 07/9/2015 19:40 by bismilallah1
Now all this explains why the big spread in the share price also how this was not moving with all the buys where there is a seller there is a buyer
Posted at 04/9/2015 16:52 by cerrito
I sold my IERE this week but still hold IERP
I was interested to read in the FT I think yesterday about the strong demand at least in England for distribution/wharehouse assets given the increase in internet shopping and they must have similar trend in France where my understanding most of IERE's 56% of logistic assets are...though knowing IERE they are probably miles away from a motorway.
Posted at 04/9/2015 14:46 by deltalo
Can anyone here see what is going on or is it just me. Why do you think the buy price is placed so wide to the bid. Also witch is a giverway and that is there has been 80% more buyes than sells this last week and still the share price drops. The mms are preparing the market for the news. And it looks positive..
Posted at 02/9/2015 11:07 by fenseal3
These are not buys as such, they are short positions closing and buying the shares back...so the peeps buying are not interested in the share price rising, they are buying to give the loaned shares back...thats why the spread is 0,35p bid and 0,61p offer....you will be able to buy but try selling in volume once you are in, i would be very careful here.
Posted at 24/6/2015 13:25 by quinan
Well things look like improving.


The weight of capital
chasing European real estate assets is showing no signs
of abating, with the 2015 INREV investor intentions
survey revealing investors intend to further increase
their portfolio weightings to the sector from 10.8% to
11.3%. This is likely to be accentuated as the flow of
cheap capital into real estate continues with the ECB's
QE program providing even more liquidity to real estate
lending.

I find it hard to see why the price here has fallen well below the NAV which currently stands at £64mln
Even if they discounted further to sell assets, you are still looking at the share price being multiples from current position.
Yesterday’s RNS was IMHO was a positive move they are now repaying the debt.

Lets say IERE sell a majority of its stock and repay the debt, but hold onto the more lucrative assets which bring in good revenue. They could shrink down to the NAV and still pull in a very decent income.

Any thoughts of long termers would be welcome
Posted at 29/5/2015 17:25 by loobrush
Results out showing a very large drop in net assets to 6p-however this could be the bottom of the barrel as prices in euroland are are the move up with all the quantitive easing going on.
Share price still under 1p.

However in results they state that they "have recieved serious expressions of interest in a sale of the entire portfolio or some form of refinancing.The proposals being considered vary in structure and include a refinancing of a portion of the Mezzanine Loan with a new mezzanine facility, as well as the potential sale of subsidiaries which own the Group's underlying real estate portfolio. The Board of Directors is at present considering these alternative scenarios, the details of which are still subject to negotiation."

Well if they can sell the lot at current asset value or arrange cheaper finance the gamble will pay off. So still a gamble at today,s price

I expect to we will hear results of all this within the next month or so.
Will share price be 6p or nil.
Posted at 31/1/2015 19:57 by cerrito
To me some good but more bad in the annual report.
Gets off to a sobering start when it says sales in Europe are “Painfully slow and challenging to achieve.” I note that the Cash Flow Statement tells us that E18m was received in cash from disposals though footnote 12 says E33m which confuses me especially as there appear to be no receivables resulting from deferred payment from disposals.
I note E83m of cash has to be produced to get down to the Step Down event and the sale of Heusenstamm –the only asset designated as for sale will produce a little more than half this. As the report hints there will be a need for new money to get to the Step Down event.
Good to note that in the July/September there was a very slight increase in valuations, although without wishing to be a party pooper note that this marginal gain has been washed away by FX movements; voids generally good news and for me a reasonable success in lease extensions.
Had a close look at the P & L and the most striking thing for me is the continued reduction in the Net Rental and Related Income Line which was in the half year to September 2014 E10.6m compared to E12.1m and E18.2m for the half years ending September 2013 and September 2012 respectively.
A reminder of the corrosive effect of voids is that of the Property Operating Expenses in the full year, Voids at E1.9m was proportionally much more than the occupied ones of E3.3m
Footnote 29 says that in France and Germany the rental income were identical despite the fact that 54% of the assets in France whereas 38% of the portfolio in Germany. Despite that, losses from Germany were E15.1m and in France E2.8m-not sure why except that German assets more highly leveraged.
Footnote 30 tells us there was just one asset for sale at 9.14- Heusenstamm- in Germany but not quite clear to me why this is earmarked for sale. I note at 15% of assets this is by far the largest asset in the portfolio.
In terms of FX hedging before the only one they did ws to hedge back into £ the interest payments of the prefs but as there is no need to do this there is no FX hedging at the moment
Also good to be reminded that the current facilities-unlike the Bank of Scotland ones-have no exit fee.
While I appreciate that the NAV per share-E15.1c-is at a healthy premium to the share price of the ordinaries we need to remember that this does not give us all that much comfort given the ongoing decrease in the NAV-at 9.2012 it was E38c. Given that the NAV of the ordinaries are positive, the maths is that the prefs have a book value of 100% plus accrued dividend. That having been said for there to be full value of the prefs my reading is that there will be a need for new money-junior of course to BREDS. The Going Concern Statement makes sobering reading and if Eastdil can turn water into wine they will charge for it.
As a holder of IERE, my reading is that the current share price is too high but the price for me is so low not worth selling; as holder of IERP the current price seems about right.. I find it difficult to see a situation whereby we get our accrued dividends paid.
Posted at 19/2/2014 19:34 by loobrush
I've started a new thread on this stock to highlight what could be a quick 5 or even 10 times your money-or-you could loose the lot.

IERE's share price has drifted down from 30 p to todays 2p but with some luck could be back up to 10 p plus by end 2014
Brief history-IERE is a property trust with all its property in Europe most of which is let out on various rental terms. Whilst the property is valued at Euro 325 million it has borrowings of Euro 230 million. The borrowings were with BOS, they recently sold this debt plus others, in a bundle, a discounted value to a specialist financial group called Cerebus. The worry has been that Cerebus may just liquidate the company and fire sale the assets. However IERE has at least to the end of April to arrange alternative finance and pay of Cerebus.
To make the getting of alternative finance easier they need to reduce their property portfolio by selling some of the vacant or underperforming assets.
If they can do this there is a very strong chance the company will survive and prosper.
At the moment the NET ASSETS value of the company per share, after all debts are paid, IS appx 19 p.

Current SHARE PRICE is 2p

They yesterday announced the sale of one of their assets and the more they can sell the more likely they will survive.

Whist it is possible the share price could RISE TO 19 p or 10 times the current share price, lets be conservative and say 5 times to be on the safe side.
I would point out that shares currently have a vey big spread,
HOWEVER IF YOU WANT A QUICK GAMBLE ON GETTING 5 TO 10 TIMES YOUR MONEY BACK VERY QUICKLY-THIS IS THE SHARE.
DO YOU DARE !
A couple of further property sale RNS's and you will be too late!

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Invista Euro. share price data is direct from the London Stock Exchange

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