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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| East Balkan | EBP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 |
| Top Posts |
|---|
Posted at 14/12/2008 19:53 by jpmorgan Just did monthly check on EBP. Sale of biggest asset at Mkt price with associated debt, giving fresh equity and removal of cashflow issues should support development projects which should be good news for the share price long term. Carousel as big investors, seem to be playing the long game which should be good for all on a 3 year view. Dont expect lots of movement in share price for while, until things improve in terms of finacial liquidity in the markets, then this one should progress. JPM |
Posted at 13/4/2008 19:39 by jpmorgan Lots of clued up investors spending cash on equity holdings in EBP...enough said DYOR. |
Posted at 26/7/2007 11:03 by lbo And I suppose if any of your relations died in the floods in the UK that would not matter either. No need to be callous. I never said it would affect the value of properties but its a little more important to those affected then property values...Don't you think! All investors should have more then just a monetary interest in the areas that they invest in IMHO. |
Posted at 20/5/2007 17:41 by lbo Latvia fears Asia-style bank crisisBy Ambrose Evans-Pritchard Last Updated: 1:43am BST 18/05/2007 France and Germany clash over inflation as north-south divide widens Investors are nervously watching Latvia for signs that unsustainable credit growth across Eastern Europe could set off an Asian-style banking crisis, with global repercussions. The rating agency Standard & Poor's yesterday stripped the tiny Baltic country of its "A" standing, citing an "increasing risk of a hard landing" and the failure to slow runaway spending. Latvia's soveriegn debt was cut to BBB+, with warnings of further relegation to come. Credit growth reached 78pc last year. Riga property prices have doubled since early 2005, driving prices in the old city above levels in Berlin. The current account deficit was 26pc of GDP in the fourth quarter, the world's highest. "The government does not seem to have a sense of urgency in tackling the mounting imbalances," said the agency. Instead it is building "mega-projects" such as a lavish new concert hall. The central bank belatedly raised interest rates to 6pc yesterday, a move damned as too little too late for an economy with 8.9pc inflation. S&P said Latvia could ultimately face ejection from the European exchange rate system. "This would have a devastating effect on the private sector balance sheet," it said. Carsten Valgreen, chief economist for Danske Bank, says much of Eastern Europe is looking vulnerable, with back-sliding populist leaders and a dangersouly high mortgage debts in euros, Swiss francs, and lately yen. "All the red lights are flashing. The region looks very much like East Asia before the crisis in 1997, and by some measures it's worse," he said. Over 85pc of all household and corporate debt in Latvia is contracted in foreign currencies, a proportion similar to Argentine dollar debt before the collapse of the peso peg in 2001. Hungary, Poland, Croatia, Romania and the other Baltic states have all been snapping up foreign loans, accounting for much of the outstanding $138bn (£79bn) of Swiss franc debt outside Switzerland by the end of 2006. Fitch ratings said credit growth last year reached 68pc in Kazakhstan, 64pc in Azerbaijan, 55pc in Estonia, and 46pc in Romania, all far above their sustainable speed-limits. The region needs $217bn in external financing this year to plug deficits. "Cheap and plentiful capital inflows have fueled the economic boom Eastern Europe. This begs the question how well the region will cope in the event of a marked increase in risk aversion and tighteneing liquidity," it said. |
Posted at 27/4/2007 07:17 by krowelet Can anyone explain how the annual and performance fees are collected, does it in reality reduce the headline yield, or has it already been taken out when the divi is paid?Tipped today in the chronic investor. Many thanks. |
Posted at 19/4/2007 08:43 by lbo Equest BalkanOur view: Buy Share price: 121.5p (+1p) Equest Balkan Property is fast becoming one of the biggest players in the Balkan commercial property arena. Yesterday's full-year results from the AIM-listed company underlined this fact. In the 12 months to 31 December 2006, Equest bought 239m-worth of property in the region. These assets have already been re-valued and are now estimated to be worth 272m, an uplift of 33m, or 14 per cent. This leaves the group well positioned to reach its target of having a 400m portfolio this year. The bulk of its assets (over 80 per cent) are in Bulgaria and Romania. Both countries joined the European Union in January. Their economies have been booming for years, and are tipped to continue to do so. Equest owns shopping centres, hotels and warehouses in both. A skilled investor, the group tends to buy properties for which it has tenants already lined up in advance. In this way it avoids speculation - it does not make purchases and then hope that it can find someone to rent the site, as many of its rivals in the region do. Property in Bulgaria and Romania is not only far cheaper than in western Europe, but is also cheaper than in the Czech Republic, another former Soviet bloc country that is now in the European Union. However, Equest believes there is even better value to be found in the former Yugoslav republics of Serbia, Macedonia and Croatia, which at present stand outside the EU. It is to these countries that the group is now looking, and alongside its annual results yesterday it unveiled the 7m purchase of an office block in Skopje, the Macedonian capital. Economic conditions in the Balkans have probably never been better. The region has embraced the free market as never before, having suffered terribly for decades under Communist state planning. Yes, there are risks for investors. Corruption is a major problem. Also, the local legal systems often take years to settle simple disputes. However, Equest has so far avoided these pitfalls, thanks to the extensive experience of its management team in the region. As well as the prospect of significant capital growth over the long term, Equest shares offer investors a dividend yield of 7.5 per cent based on the stock's 100p float price. |
Posted at 27/3/2007 15:18 by lbo Rising rates shifting focus in commercial property markets THE rising interest rate curve has prompted a major shift in investment focus by property experts with the emphasis shifting from prime office properties in centres such as London to Paris, to the Nordic markets and Luxembourg. A new report on the global property investment market from Bank of Ireland Private Banking estimated that Irish investors spent somewhere in the region of 11bn on property in 2006, with the Irish, UK and European markets as the favoured locations. However with interest rates on the up, it is no longer a simple matter of buying with borrowed money and taking your profit from a higher rental margin. This is particularly the case in the UK, with prime-office yields at 4.5pc and lower, compared with the five-year cost of funds at around 6.4pc. So with interest rates now outstripping rental yields in many countries the experts at BoIPB advise a more selective approach. Negative "The core-office markets that we feel have the strongest rental growth prospects include Paris, the Nordic markets and Luxembourg. They state the London office market also has the potential for strong rental growth, but the negative yield spread makes it a very difficult market. The report says that the Dublin core-office market should continue to see strong rental growth rates and strong occupier demand which has been boosted by limited supply in the city centre and a buoyant economy. Unfortunately they add, the current prices discount much, if not all, of the potential gains. The report also identifies markets to be avoided. "We are increasingly nervous about the UK and Spanish office markets from a pricing perspective. "We see no compelling reason to invest in Italian office markets and are not convinced about the merits of Eastern European office markets in general. Over the long-term, the report states, retail commercial property markets may offer value as European consumer spending is expected to grow quite strongly over the next five years. "In terms of retail markets, we like the French and Nordic retail markets, while Spanish retail still displays considerable momentum. It also describes that Italian retail market as interesting. The UK retail market is treated with caution while the Irish core-retail market is described as being very expensive, despite producing amazing returns last year - up over 25pc. |
Posted at 15/9/2006 12:07 by alansmith23 have been tempted in here, forecast 7.5p dividend and rising eastern european property markets finally convinced me this should be quite a safe haven. Also the spate of foreign property programmes on tv might increase interest in the sector. I also suspect there might be a full Investors Chronicle tip at some point.Not too racy, but am satisfied with steady growth and decent divi payouts at the moment. |
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