||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Real-Time news about Atlas Est. (London Stock Exchange): 0 recent articles
|cnx: i think the 9 month report gives some ground for optimism for those prepared to wait
but the share price decline is major concern|
|davebowler: NAV now £3.62-so share price is at a 20 % discount.
LONDON (Thomson Financial) - Atlas Estates Ltd reported a first-half to
end-June 2007 pretax profit of 27.7 mln eur, compared with a loss of 9.5 mln eur
for the 11 months of trading in 2006.
It said the profitability has been achieved mainly due to a 34.8 mln eur
valuation increase recorded within its investment portfolio.
Net asset value per share increased 13.3 pct to 5.20 eur from 4.59 eur as at
Dec 31 2006, the company said.
The company also declared an interim dividend of 8.32 euro cents per share.|
|chuckie egg: LONDON (Thomson Financial) - Atlas Estates Ltd said it has received an updated valuation for its 100 pct holding in the Volantari land in Romania, which comprises of three plots of land, with a total surface area of 99,116 square metres.
The property investment company said Voluntari land is now valued at 29.7 mln eur, representing around 300 eur per square metre of land, compared to the previous valuation of around 90 eur per square metre.
Amos Pickel, CEO of Atlas Management Company Ltd said, 'This valuation confirms the quality of this land, the rejuvenation of the area in which it is located and the massive growth of the Romanian market.'
Atlas bought 60 pct of the land in June 2006 for 90 eur per square metre, and in July 2007 bought the rest for approximately 216 eur per square metre.
This means an increase of 15.2m (£10.3m) since last valuation on 31/12/06. This equates to an increase of 21.1p in NAV or 14.8p in NAV @ 30% Tax. I assume that Atlas will be tax efficient, so the uplift in NAV will be towards 20p. If Atlas was trading on a similar rating to Dawnay Day Carpathian (DDC), then Atlas share price should be nearer to 370p.|
|ptolemy: Expecting good results on Monday. Share price now at float price a year ago but should be well below asset value. Expect good news on property yields and, therefore, divi..
Atlas Estates share price data is direct from the London Stock Exchange