Empire Metals Share Discussion Threads

[jonnyfro] 25/7/2011 13:05

readytotrade is buystock

[moreforus] 25/7/2011 13:01

he doesnt

he told lies on PTCM bb..

isnt that right ready2pump?

[topinfo] 25/7/2011 12:53

How do you know?

[readytotrade] 25/7/2011 12:37

Property sale news on the way £10.5m

[roomb] 24/7/2011 20:44

"The good news about Poland is that house prices have been rising (by 8 per cent in 2010)"

[roomb] 22/7/2011 09:00

This share is not without risk, but there is massive upside potential.
That's why I'm a holder.

[barnsey] 21/7/2011 22:53

Strong growth predicted for Polish residential market

[barnsey] 21/7/2011 22:40

Research for serious shareholders which gives a true reflection of sales
in half year 2011.
The market would seem to be still active with regular sales so far but dyor.

[barnsey] 21/7/2011 16:07

Below is what they are actually doing not what some stranger on a b/board says
they are doing after viewing his crystal ball.
And believe me when they turn this round which they will because there are a lot of big players involved here and they will not let this fail you will be
surprised at the share price reaction, for these reasons i am a buyer dyor.



CHIEF EXECUTIVE OFFICER'S STATEMENT
Gad Raveh
Chief Executive Officer
Despite the challenging environment, by focusing on
key countries and carefully managing our resources,
we expect to be able to maintain and expand our
development activities and sales in 2011, as well
as build a medium and long term strategy for the
Group. This will be achieved by our intention to
introduce new and innovative real estate activities,
development of carefully chosen new sites and
management of income producing assets. In doing
so, we are implementing our expertise and track
record experience, in the search and acquisition of
depressed assets that have neglected and hidden
high values.
In the course of the last 12 months we have seen
a slow, but steady positive change in the East
European real estate market. There is an ever
growing demand for small sized apartments which
are affordable to a greater proportion of the
population.
This demand creates a requirement for a different
kind of development of smaller apartments well
adapted to the market, which can be developed and
sold in a shorter time frame and at an affordable
purchase price to a wider market.
Whilst this change results in a lower overall level
of revenue and profits per unit, these results are
compensated by the shorter time required from
inception to delivery.
In these circumstances, we are tailoring our product
to suit the current demand and have moved much
of our focus in the light of these market trends,
resulting in a lower financial resources requirement
and a greater ability to increase our production
capacity.
Having said that, we have and are moving our
attention and part of our action plan, including
some of our resources, towards the development
of a new division of income producing properties.
This will prove to be an important angle, that will
complement our traditional development activities,
and will assist in our cash flow needs

[roomb] 21/7/2011 14:11

"but if and when it has disposed of eee assets there's nothing left other than a shell ?"
Yes, but that's the risk.
But it's not what they've said they're going to do :
"GBES has agreed that Engel will be provided with sufficient financial resources to meet its short term working capital requirements, and ERD has initially made a short term loan of €250,000 to Engel. This will provide Engel with sufficient working capital to enable it to continue its programme of divesting itself from its non-core development projects and to focus on completing the development of the projects it believes will provide the best return for shareholders."
There's also the possibilty that there will be much more left.
EEE also has income, and has drastically reduced costs.
See my post 780.
What's your interest in this share? You clearly don't intend to buy any.

[envirovision] 21/7/2011 13:45

roomb - 18 Jul'11 - 18:20 - 775 of 781

"ERD not eee" yes, that's right. But ERD own most of the shares in EEE, so they don't want it to go bust.
--------------------------------------------------------
of course not, but if and when it has disposed of eee assets there's nothing left other than a shell ?

As a eee shareholder you are a debtor of ERD. The money went to ERD, not EEE. You never got anything in the deal. Nothing ! !

All that happened is they managed to continue as a going concern and could also sign off EEE accounts, had they not done so someone else would have taken their assets.

[roomb] 20/7/2011 08:35

I very quickly and roughly added up the value of the sold, reserved and pre-reserved flats in the this development and came up with a figure of roughly £5 million.
I'm not sure what reserved and pre-reserved mean, but there is clearly potential for a much higher share price
Perhaps someone would like to check the figures?
By the way, when I was in the Czech Republic in 1996 I remember the exchange rate was about 40 Korunu to the pound-now it's 28.
If the reserved/sold flats go for 5m, that's more than double the market cap of the shares.

[barnsey] 19/7/2011 22:17

Engel have some big backers which bodes well.Below from final results 2010.

Partnering with large, international, financial
institutions such as the Heitman Fund.


Heitman is an international real property administrator. The company invests in commercial real estate as well as in securities publicly traded on the US and European stock exchanges. With assets estimated at 11.7 billion USD, Heitman enjoys a prominent position in the ranking of the top ten American property administrators. The company's main customers include American and international institutions, American pension funds, subsidy sponsors and funds, as well as individual investors

[barnsey] 19/7/2011 21:43

Looking at some of the developments you start to realise that these are top
quality developers who are very good at what they do who sadly like the rest
have been hit by the general downturn in the construction business.
Hoping for better times 2011 and thereafter.Worth a look for investors.
You get the feeling there is no way they will allow this company to fail and
the more you research and see the strength of the group and it's backers you
start to think this share price will turn out to be a bargain in years ahead.





Locality

The Veleslavín quarter was established perhaps as long ago as in the eleventh century, and today it is one of the few areas of Prague that have preserved their character without suffering the greater effects of urbanisation. Therefore, Veleslavín is a pleasant and popular place to live.

Veleslavín Villas are located on the quiet Pod Dvorem Street in Prague 6. The surrounding area offers a range of surprisingly picturesque and green places. For example, a chateau with a beautiful park is in the immediate vicinity of the project.

The project is connected to the city centre by Evropská Street and metro line A. The new Veleslavín metro station is located only 300 metres from the project; bus and tram stops are only 200 metres away. Prague-Ruzyně Airport is also within easy reach.

Veleslavín and its immediate surroundings offer a full range of possibilities for recreation and sporting activities. For example, the Šárka Valley nature reserve, the Džbán natural bathing pool, the SK Aritma sports complex and Sport Centre Evropská, with a broad range of services, are located nearby. Several restaurants offer various types of cuisine and important civic amenities are a matter of course: schools (e.g. the International School – Nebušice), a shopping centre, polyclinic, the Canadian Medical Centre, a pharmacy, post office, petrol station and more.

[roomb] 19/7/2011 15:39

This share was 2p when it had no funding and didn't have enough money to pay its debt intallments in 2009/10.
IMHO it will go higher.

[readytotrade] 19/7/2011 14:50

to proceed with the sale of property

19.07.2011 12:21 | recommend (2)
The company continues with its sale of non-core construction projects in the region

Article

One of the projects in the Czech Republic Engel. Image: Engel
Those in severe financial difficulties estate company Engel East Europe NV announced that it has secured sufficient funding to enable it to continue its program of selling off assets in Eastern Europe.

The company, which is traded on the alternative segment of the London Stock Exchange AIM, has already received short-term funding of 250 thousand euros.

This became possible after the parent company Engel signed an agreement with Cyprus-based GBES Ltd., Whereby the second acquires 53% of the first against 9.2 million euros. The investor is committed to also provide credit amounting to 10.2 million from the parent.

GBES has also agreed to provide the Engel "sufficient financial resources to cover its short-term needs for working capital," reported by the company.

This will provide sufficient capital for Engel, to help her to continue marketing the sale of its non-core construction projects. So the company plans to concentrate on completing those projects, which believes it will generate the highest return.

More Info
Continuing financial problems for Engel, reduces loss

Before the crisis Engel had several projects in the country, but due to difficult market stopped its activities on the Bulgarian market. The company subsequently decided to focus its activities on more established markets in Central Europe.

Early last year it sold two residential projects in Bulgaria for a total of 25 thousand euros.

[roomb] 18/7/2011 18:20

"ERD not eee" yes, that's right. But ERD own most of the shares in EEE, so they don't want it to go bust.

[envirovision] 18/7/2011 15:51

ERD not eee

[envirovision] 18/7/2011 15:51

ERD not eee

[roomb] 18/7/2011 14:09

"also note there's no mention of any equity stake for all this cash" written by Envirovision post number 771
Yes there is mention of an equity stake for the cash: "The announcement of results referred to the agreement dated 7 July 2010 between GBES Ltd. (a company incorporated in Cyprus) ("GBES"), Engel Resources and Development Limited ("ERD"), the parent company of Engel General Developers Ltd.("EGD"), and EGD, whereby GBES agreed to invest capital of approximately EUR 9.2 million for 53% of the enlarged share capital of ERD (part of which will be given as loan until the receipt of court approval) and to provide an additional credit line of approximately EUR 10.2 million to ERD." RNS 21st April 2011.

So we can see from the above quote that EEE is not going bust and has funding for the future. Property prices in Poland and the Czech Republic are improving and the share price has prospects to improve.

[envirovision] 18/7/2011 10:03

Induana123 quite also note there's no mention of any equity stake for all this cash. As if your supposed to believe all this money has just fallen from the sky !

I wish people with give me millions of pounds of cash for free.

Hmmmm

call me a sceptic but it all looks like a scam to get the accounts signed off.

[readytotrade] 15/7/2011 18:19

So undervalued it beggars belief next property sale it could be 20/30/£££££.
Backers getting behind it.Bottom rung a must have .imho

[roomb] 15/7/2011 17:41

so you haven't been buying eee then Induna?
What's your interest in the share?

[induna123] 15/7/2011 13:16

This sounds like another Langbar. Mystery money coming from Cyprus to prop up an Israeli company who in turn will prop up this lot so they can pay off their Polish builders.