Equest Balkan Properties Share Discussion Threads

[envirovision] 17/5/2011 23:05

are you in then Praipus ?

[praipus] 16/5/2011 14:11

Is this the bottom?

"Net Asset Value per share of Euro 0.36, a decrease of 14.3% (2009: Euro 0.42)"

At the moment €0.36 = GBP of 34.14p

[praipus] 16/5/2011 09:14

I'd forgotten Utilico own 23% and I hadnt realised Weiss Asset Management had a holding too.

To track the other Weiss and Utilico holding's see post 3 and 5 on the "Tracking the Arbitrageurs" thread:

[the troll] 04/1/2011 17:42

interesting re; Romanian shopping-centre's, in one fell swoop, they're transferring 51% investment risk, reducing overheads & retaining upside @ 49% ( non, currently, projected though ). Looks OK to me, ie, it doesn't affect NAV & shifts c 30m of debt & ( associated assets ) off the B/S. any counter-views ??

& who's bought the 14.4m shares ( assumed ) sold @ 6.25p today ? if it's OCS ( & related parties ) again, they're getting pretty close to triggering a mandatory offer ?

[davydoo] 28/12/2010 18:47

i keep watching, but not a holder

[bisiboy] 28/12/2010 16:22

YES unfortunatly me!

[underperformer] 20/10/2010 17:16

Is there anyone still out there ?

[the troll] 16/9/2009 19:40

6.5m of them bought by OCS Trading ( never heard of them ) who ( now ) own 9m shares, 6.4 % of co.

@ 17.5p, stock trades @ discount of c 75% to 31.12.08 NAV [ ie 0.92E ps ] is that what's attracted them ?

[sharpshare] 14/9/2009 15:57

Lot's of shares traded today, over 10% of the company.

[lbo] 16/8/2009 13:19

Gloom lingers in Central Europe's economies

[lbo] 10/7/2009 10:16

10 east European nations seek IMF help

[jpmorgan] 26/6/2009 11:06

Results were out yesterday.

Negatives were the problems with SE Europe in terms of economy and currency issues associated. NAV being driven lower by property yield moves out due to currency/tenant issues on retail investment properties.

Positives - confirmation that all debt is non-recource per property. Rental income is rising overall due to new lettings and providing positive cash flow at operating level on 12 month view. With default on vantis if confirmed though unlikely and a further 40% NAV reduction, the company still have a forecast NAV of 40p +.

Looking at the lettings kicking in next year in the account amnendments, am expecting Carousel with big chunk to kick off a takeover in next couple of months. They could wait further for further market shakeout, but risk a quicker stabilisation in easter europe which is more likely on current trends.

Interesting to watch, with ever decreasing small holding!

JPM

[lbo] 27/5/2009 22:06

The State of Real Estate Around the World: No Signs of Stabilization?

[lbo] 09/4/2009 13:34

Today's FT reports that Fitch has warned of further risks to European CMBS loans and indicates that 41% of its publicly rated tranches are at risk of "potential" rating cuts. The agency warns that large CMBS loans maturing in the next two to four years could encounter difficulties refinancing should the markets not have improved sufficiently. Tight credit conditions have contributed towards some covenants being breached and Fitch indicates that this number would have been higher had it not been for primary servicers deciding to forgo testing LTV covenants. Whilst many issuers continue to pay interest on the loans on the back of rental income received from the underlying properties, Fitch points to "mounting problems for occupiers of commercial property" and states that the threat of more tenants defaulting "cannot be ignored". Increasing tenant defaults would place increasing pressure on rental levels in the commercial property market. Elsewhere, Standard & Poor's downgraded ratings on more than 700 US CMBS transactions this week.

[lbo] 25/3/2009 17:54

€20 billion bail-out for Romania

[praipus] 20/1/2009 16:09

LBO fascinating stuff. Amusing that Moody's and S&P rated CDO's so highly now look at the mess we are all in.

Who's paying for the research and whats their agenda?

Do take a look at the IMF's website and at Romania's balance of payments. Relative to popuation they are not too bad compared to the UK or USA. Got EBP via a Utilico UTL holding but watch with interest here just in case there is an up turn, got to happen sometime.

[lbo] 20/1/2009 13:33

Moody's:Romania, One Of The Most Vulnerable Countries To Economic Crisis

[jpmorgan] 14/12/2008 19:53

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

[engineer66] 04/11/2008 12:49

Thanks for your posts LBO. Share price is pretty miserable, but property prices already very low in the Balkans and there's good underlying growth so a fair chance this company could be taken over at a bargain price. I am sure a buyer could cut costs a lot.

[lbo] 22/10/2008 11:33

Hungary may be the slowest antelope in the herd but... - cenbank chief Simor



In an interview addressing the forint's recent plummet versus the euro Simor compared Hungary to an antelope being chased by lions.

It is like "a group of antelopes in the savannah, with one two metres behind the others. When the lions finish him off, they'll be after the rest," Simor said

[lbo] 05/9/2008 15:18

Bulgaria's real estate boom stumbles as demand slumps

[lbo] 31/7/2008 22:57

European property values head south
Created: 30 July 2008 Written by: Claer Barrett


Europe may be about to embark on its month-long summer holiday, but its commercial property market won't be basking in the sunshine for much longer. Thus far into the credit crunch, European property has outperformed UK property, where annual total returns (rents plus asset values) languish at minus 15 per cent, according to research bureau IPD