Share Name Share Symbol Market Type Share ISIN Share Description
European Convergence Prop. Co. LSE:ECPC London Ordinary Share GB00B0B7ZC68 ORD EUR1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 0.00105 € 0.00 € 0.00 € - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -6.7 -10.5 - 0.07

European Convergence Share Discussion Threads

Showing 1 to 9 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
17/5/2008
07:51
Just in case anyone was wondering the Mcap is 100x that shown by ADVFN. They have the number of shares correct but the price is shown in Euros not cents. Sterling quoted shares are posted in pence not Pounds. The Mcap formula doesn't seem to have coped with this difference. My post #7 implied only a little cash was added to the distribution, in practice it was quite a lot, roughly 9 million Euros. This means the remaining NAVps net of debt for Veliko Turnovo and the small cash pile remaining isn't too great. Bby my calc about 24 cents, just a little above the share price I'm even less inclined to buy at current levels. The share price relies heavily on speculation of the ultimate selling price of the VK Mall and that's difficult to predict in the current property climate.
grahamg8
20/2/2008
10:49
I also only hold a few. Not sure if you have read this; http://www.sofiaecho.com/article/central-mall-in-bulgarias-veliko-turnovo-for-sale/id_26366/catid_66 and this http://www.propertywisebulgaria.com/article/ecpc-might-sell-the-mall-in-veliko-tarnovo/id_1226/catid_12 ---> "European Convergence Development Company" worth a punt?
ciscogaz
19/2/2008
08:45
Ciscogaz, the distribution was 94 Euro cents mainly proceeds of property sales plus a little surplus cash. It was an initial payment in the sense that the management have said they will sell off all assets and return all money eventually. Yes I still have some of these. Would top up if the price was right but the wide spread is rather off putting. The unknown is how much Veliko Turnovo can be sold for, and how much cash is still left in the business. My judgement is that the sum is higher than the current share price but not by so much as to overcome the risk that I might be wrong. Holding for now and awaiting news.
grahamg8
18/2/2008
08:36
more buys and reading the last rns I note the 1 euro was an intial payment. Are these worth investigating? Do you hold grahamg8
ciscogaz
16/2/2008
08:57
Wow, a thread at last. After the capital distribution there is only the Veliko Turnovo Mall left which is earmarked for sale. An announcement is overdue which suggests the sale is in trouble. Thus any brave traders are guessing on the price of a shopping centre in Bulgaria.
grahamg8
15/2/2008
09:10
Check out the two big buys yesterday lunchtime 50k each
ciscogaz
15/2/2008
07:15
mine did (Share Centre) http://www.share.com/webp/
andrbea
14/2/2008
13:51
My on line broker does not recognize ECPC
love it
14/2/2008
13:19
some interesting trades today 125k 'L' at 0.23 and a 125k buy as one of these was a 'L' maybe it's not a rollover someone bottom fishing?
andrbea
Chat Pages: 1
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