Alpha Share Discussion Threads

[senor_sensible] 13/11/2015 09:41

MBO at firesale prices on the cheap here, watch this space. my guess is it will be supported by the bank who will re-finance once the PIs are pushed out.

Nothing to tempt new investors because the BOD control the quality and content of the RNS releases.

As always, PIs are canon fodder to the insiders.

[bishan bedi] 13/11/2015 09:33

Bit late for that now old boy

[senor_sensible] 13/11/2015 09:30

From Half year report:
As at 30 June 2015, the Trust holds cash of £9.9 million.
Market cap is <1mil

They only report this in Audited release and never mention it any other time. If LTV was 100% another company could take these over at this price and pocket 9 mil in cash in GBP not Euros.....

Got to question why they never confirm the cash position, even when you phone them up.

[swizz] 13/11/2015 09:10

8g, - That is part of my thinking and why I have taken a position, this could be re-packed in the fullness of time into a New Co and the listing may be perceived to have some value....GL S

[8gggggggg] 13/11/2015 09:07

Is there any vales in the losses for tax purposes that could be used ?

8g

[senor_sensible] 13/11/2015 08:58

And why do they always shy away from informing the market about the cash position !!!!!!!

[swizz] 13/11/2015 08:49

As it currently stands it is a complete basket case, but at this level it may just attract a shellmeister, as a result of the ltd share equity and the sector, with the recent rules on shell companies may make it attractive to someone?...just a punt with fun money IMHO.....GL S

[senor_sensible] 13/11/2015 08:27

It was always the risk most were aware of, strange how they have not suspended the shares though.

[specuvestor] 13/11/2015 08:00

Looks like this will suffer the same fate as Invista European Real Estate Trust (IERE) where they came out with a similar statement. IERE now in voluntary liquidation with no prospect of any shareholder return.
I did have high hopes for recovery a few years ago but the interest rate swaps have killed off the company. Well done Barclay's.

[hosede] 13/11/2015 07:43

Todays statement
"The board does not expect there to be anything left for shareholders after the properties have ben sold and the bank repaid".
Most of us realised that some time ago. Amazed share price hasn't fallen to zero

[cyberbub] 13/11/2015 07:43

Update this morning... no real change... We all know this is a gamble. There is a good chance of losing your money, but equally it would not take very much at all (A couple of properties sold for slightly more than expected... A favourable exchange rate move... whatever) to end up with a measly £5M in the bank after the sales process is complete... which would be a 5-bagger from 1p...GLA NAI

[pugugly] 13/11/2015 07:43

You were warned !!

SALES PROCESS IS UNLIKELY TO RESULT IN ANY RETURN TO ORDINARY SHAREHOLDERS

· ADJUSTED NAV* 0.0 PENCE PER SHARE AS AT 30 SEPTEMBER 2015 (30 JUNE 2015: 2.4 PENCE PER SHARE)



The uberbear.

[neil9574] 06/11/2015 16:26

Thought we were going to get a blue day.. Oh well look forward to news next week..

[cyberbub] 06/11/2015 15:44

Oh well that didn't last long LOL.. at least we're getting a bit more liquidity?

[cyberbub] 06/11/2015 15:20

Encouraging buying here for a Friday afternoon... last chance to get in before an announcement next week maybe?No advice intended

[senor_sensible] 05/11/2015 09:36

:-))

Debt is in Euros:

Further to the announcement on 8 May 2015 regarding the extension of the Trust's loan facilities with Barclays Bank PLC ("Barclays") to 15 October 2015, the Board of Alpha Pyrenees is pleased to report that a new extension has been agreed and the maturity date of all its borrowings (€257.8m) is now extended to 15 April 2016.

Cash held in £

[pugugly] 04/11/2015 09:55

Can anyone remember if cash held in euro's or sterling as euro now fallen to below 1.40 euro to the pound also debt split between currencies. From memory much of the debt was in sterling.

[cyberbub] 03/11/2015 14:32

I suspect that a few potless T+20ers might need to sell in the next few days... hopefully not too much pressure on the share price .. I will look forward to seeing next NAV news...

[senor_sensible] 22/10/2015 15:45

Expecting NAV to increase this time, think they will give update in Nov

[senor_sensible] 22/10/2015 15:45

3p would be nice, it was trading comfortably at 5p in the past, nothing much has changed since then

[cyberbub] 22/10/2015 15:42

Nice share price action so far... touch wood... personally I think somewhere in the 3p range is fair value after last week's RNS... as always, Mr Market will decide...NAI

[senor_sensible] 20/10/2015 08:38

Order filling IMO, can sell at .9p

[cyberbub] 19/10/2015 11:57

The real spread is about 0.85p - 1.0p.

[cyberbub] 19/10/2015 08:34

Indeed Senor. If the BOD believe there will be 10p+ per share left at the end of the disposals, they or their mates might well try to take the company private at say 5p?ALPH is definitely a gamble, and not one to 'bet the office block' on... bust or multi bagger, that is the question??

[senor_sensible] 19/10/2015 08:14

Cyberhub, agree with comments. This company has approx 10Mil cash in the bank and market cap of 1mil, LTV less than 100%, rent from properties covers interest and service fees so assuming the bank, remains supportive there is light at the end of the tunnel in the 5-10p range. If property increase in value or other finance is arranged then this could rise further, plus the BOD have fingers in other REIT pies so a takeover is not off the table either. IMO all the really negative stuff is behind and if it wasn't for the ill advised hedges these would have 30mil cash in the bank (30 times market cap)