Black Raven Properties Share Discussion Threads

[qs9] 11/6/2007 15:00

Looks a very interesting spike I agree...any views anyone?

[christophelamaison] 31/5/2007 15:21

zzzzzzzzzzzzzzzz

[garbut] 30/4/2007 14:18

After reading the results it appears that these should be
trading a penny higher on assets alone.
I suppose all will depend on just how much thier Portuegese
property has increased in value.

[christophelamaison] 24/4/2007 18:09

Guy Thomas? Where do you get that from? Portugese property is outstripping the rest of Europe? Who cares whether they're selling to Brits or not as well? You can keep your humble opinion i reckon

[guythomas] 22/4/2007 09:31

everyone is dumping portuguese property...too friggin hot for Brits...get out while you can imho

[guythomas] 22/4/2007 09:29

eh Luka...why do you pump dogs?

[iain livingstone] 20/4/2007 12:53

But what about BRP. I've been holding since January and am debating whether to sell for a loss. What are the long term prospects?

[malc26] 20/4/2007 08:43

Yes 74 is not what he seems

[thefruits] 20/4/2007 08:34

74... what with NLX and this I'm starting to get worried about NAD... you've called both shares horrendously wrong.

So bad... could it be deliberate ?

TF

[johnwalton] 20/4/2007 08:09

74
I hope that nobody bought in on you poor investment
advice-this one is a real dog!

So far you have called it wrong and do not understand the recent
rns's.

[74graham] 13/3/2007 13:21

tee heeeeeeeeeeeeeeeeee

[malc26] 13/3/2007 13:16

graham you really are a top tool...

[rocket69] 28/2/2007 23:02

portugese property attraction is better than spain where all the brits have been buying their second homes and it comes without the hassles suffered by owning spanish property so just like you 74 i am waiting for this one to fly high one day

[74graham] 28/2/2007 10:22

the highest in europe imho

[74graham] 28/2/2007 10:21

portugeese property is up 35-40%

[74graham] 28/2/2007 10:19

the plots of land you talk about were purchased over a year ago with planning permission have you any ideas what sits on that land now and the value of potugeese property now and then, as you say £2 million profit and a placing at 6.5p its no brainer imho where the funds are i hope for news soon to prove my point.good luck ww

[waynerwayner] 28/2/2007 10:05

And why, just after making an apparent £2m profit on a deal, they need to issue shares to raise £600k.... very odd behaviour... are you sure the £4m of cash isnt slowing disappearing down a portuguese black hole...

[74graham] 28/2/2007 10:02

as i keep saying ww keep it on your radar at least you are doing that time will tell if im right or not imho end of march will tell a very diff story

[waynerwayner] 28/2/2007 09:58

Ok, I have gone through all the RNS's and conclude the following:

Current Assets

2 x plots at Quinta do patino: £1.5m
1 x Rua, Buenos aires: £500k
2 x 30% share in some properties: £400k

Cash of £4m

Total assets: £6.4m

---------------------------

Liabilities:

1 x loan to Spanish bank of £650k

---------------------------

So total net assets of £5.85m (not including cash burn, so assume £5m)

---------------------------

With close to 100m ISC and an share price of 5.25 mid giving a market cap of £5.25m... almost bang on NAV...

So if its not making profits, which as far as we know it isn't, and its priced at NAV why do you think its worth more, looks correctly priced to me...?

[74graham] 28/2/2007 08:11

it has not dropped you can only get 25,000 at 5.85.it was 5.75 yesterday mms are not giving this away cheap they know the real value buy and hold