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RTY Rutley (See LSE:DPE)

5.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rutley (See LSE:DPE) LSE:RTY London Ordinary Share GB00B124YN79 ORD NPV (See LSE:DPE)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.50 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 5.50 GBX

Rutley (See LSE:DPE) (RTY) Latest News

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Rutley (See LSE:DPE) (RTY) Discussions and Chat

Rutley (See LSE:DPE) Forums and Chat

Date Time Title Posts
29/7/201021:28Rutley European Property111
20/9/200321:14THE WUFFET GALLERY13

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Rutley (See LSE:DPE) (RTY) Most Recent Trades

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Rutley (See LSE:DPE) (RTY) Top Chat Posts

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Posted at 10/9/2009 20:31 by lbo
Bucharest buyer
By Emiko Terazono

Published: September 10 2009


Dinu Patriciu , one of Romania's richest men, continues to lead the consolidation of the Aim-listed property market with a £40m offer for German investment group Deutsche Land.

The entrepreneur's Black Sea Global has offered 12p a share in cash. It marks the former architect's third takeover bid for an externally managed listed property fund, having already bought Fabian Romania and a majority stake in Rutley European Property.

It is not expected to be the last takeover attempt by Mr Patriciu - who made much of his fortune through the sale of a majority stake in an oil business in 2007 - as he is planning to build a pan-European property business taking advantage of poorly capitalised property funds.
Posted at 18/8/2009 14:23 by jab118
What's all this upgrading over the last few days the price rising with no trades, would the market have an order to fill and no investors are letting go..:@)
Posted at 13/6/2009 12:13 by jab118
Can anyone, shed an opinion regaurding the below paragraph and also the share deals Friday, could it be related to the below.


Shareholders should note that the Company has received other approaches which
may or may not lead to other offers being made for the entire issued share
capital of the Company as well. There is no certainty that another offer will
however be made.

tia.
Posted at 12/6/2009 15:04 by damac
qwazi - 12 Jun'09 - 14:41 - 83 of 83


With 18m shares traded so far today above the Black Sea offer price, I think we can safely assume that they won't be getting it at 6p!


Was just about to post the same, just under 6M of the shares bought were under 7p, the rest above. Either its a clear sign that the 6p bid will not be enough (maybe directors buying), or it may be Black Sea hoovering up.
Posted at 12/6/2009 14:41 by qwazi
With 18m shares traded so far today above the Black Sea offer price, I think we can safely assume that they won't be getting it at 6p!
Posted at 12/6/2009 09:44 by pejaten
Well 6p a share is less than I was hoping, but I guess ok compared with my purchase price. Yet, I wonder if there will be a higher bid as It does not seem like the offer is recommended
Posted at 15/5/2009 08:51 by lbo
Based upon the NAV as at 31 December 2008 and after taking into account the
Tender Offer and the Buy Back, the NAV is as follows: NAV per Redeemable Preference Share: GBP0.512

As at 13 May 2009, the share price was 9.38p per share. This represents a
81.68% discount to both the NAV (51.20p) and adjusted NAV (51.20p) after taking into account the Tender Offer and Buy Back.
Posted at 22/4/2009 20:31 by lbo
Carpathian has been approached by New Europe Property Investments with details of a possible cash offer of €0.2 a share for the property investment firm.
Posted at 21/4/2009 11:13 by nickcduk
Price is way OTT. I would sell in a hurry personally at these levels. The premium that RTY is trading at relative to the likes of DLD and TRV makes it very expensive. If you want a takeover play then DLD is much better value.
Posted at 18/4/2009 16:19 by lbo
Fabian Romania, the AIM-listed Romanian property investor, is to be taken over in an E50.8m (£48m) deal.

The company this morning revealed it had agreed a takeover from Romanian architect-turned-entrepreneur Dinu Patriciu, who last month built up a 25.2% holding in Fabian.

Patriciu's Black Sea Global Properties Group is paying E1 a share in cash for Fabian, which is a huge 40% discount to its 30 September net asset value of E1.66 a share, although a 93% premium to Fabian's closing share price last night of E0.52. However, Fabian said that because of the lack of investment transactions in Romania, there could be 'no certainty that the yields which were used in determining the NAV accurately reflected the open market'.

'Our cash offer provides certainty to Fabian Romania shareholders during a period of significant economic turmoil and as the price of real estate assets in Romania continues to fall,' said Patriciu.

'Our investment in Fabian Romania allows us to fulfill my long held ambition to create a platform on which we can build a property company that will acquire and develop assets in Romania.'

If its offer is successful, Black Sea Global will retain Fabian's external manager, Fabian Capital, which is run by Mark Holdsworth, and, subject to regulatory approval, its AIM and Bermuda Stock Exchange listings.

Black Sea Global is wholly owned by Patriciu's RPH, which has more than $1bn (£664m) of properties, which it either owns or manages, in Europe.

Together with his brother, Patriciu developed the first sites in Romania for large retail chains, including Billa and Minimax. Patriciu is currently developing, together with Immorent, a 1.6m sq ft office and residential project in the north of Bucharest, known as Smart City.

Patriciu, a qualified architect, is also the CEO of Netherlands-based Rompetrol Group, which he founded and developed into the second largest oil company in Romania. He sold a 75% stake in Rompetrol last year at an enterprise value of $3.6bn (£2.39bn).
Rutley (See LSE:DPE) share price data is direct from the London Stock Exchange

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