Nordic Land Share Discussion Threads

[lopsidedgit1] 13/4/2010 20:04

looks good for further upside

[lopsidedgit1] 13/4/2010 20:04

NAV is 72p

[lopsidedgit1] 13/4/2010 20:03

seems they are giving up and closing the company

[lopsidedgit1] 13/4/2010 20:02

TIDMNLD

RNS Number : 1181K
Nordic Land PLC
13 April 2010

?



13 April 2010


NORDIC LAND PLC

Resignation of Directors

The Board of Nordic Land Plc ("Nordic Land" or the "Company") announces that Ian
Knight and Olle Arnoldsson resigned as directors of Nordic Land on 12 April
2010. Ian Knight continues to act in his role as managing partner of Lathe
Investments (Nordic) LLP, the Company's property manager.


Nordic Land Plc
Ray Horney, Chairman Tel: +44
207 367 8888

(c/o Bankside Consultants)

SP Angel Corporate Finance LLP
Robert Wooldridge/ Tercel Moore Tel: +44 20
7647 9650

Matrix Corporate Capital LLP
Stephen Mischler Tel:
[phone]

Bankside Consultants
Simon Rothschild / Oliver Winters Tel: +44 20
7367 8888


This information is provided by RNS
The company news service from the London Stock Exchange
END

BOAEADLDFFNEEFF

[goz1986] 13/4/2010 10:32

qres just keeps on going up, this week is prooving to be a very profitable one.....

[tomboyb] 13/4/2010 10:07

buys now coming in at full quote. very difficult buying in.

[goz1986] 13/4/2010 09:27

a 14% spread pales into insignificance when you are realising profits of almost 100% in the space of two days....... I bought into rrl with a spread of almost 55% a year ago which paid off very well.....

[imabastard] 13/4/2010 08:47

It was a 'buy'.

[court_out] 13/4/2010 08:46

but it could have been a buy as my trade was marked in the sell column, when it was a buy. 14%+ spread as well today ouch!!!

[tomboyb] 13/4/2010 08:38

very difficult buying any shares in this one. someone sold too soon yesterday for 6k shares.

[sammu] 13/4/2010 08:33

It's a very tight market for shares in this tiddler.

[imabastard] 12/4/2010 21:50

Not available to buy online today at all on Natwest. When I tried to ring through an order, I was told that it was difficult to get stock because, quote 'the market makers are accumulating all the stock for themselves' .... I can't vouch for the accuracy of the interpretation of the Natwest trader, but interesting comment nonetheless.

[goz1986] 12/4/2010 16:11

oh "LopsidedGit1" I have been looking at one of your previous haunts (jsjs). I suspect it is at a very good level to hop skip and jump into......... oh also check out QRES its going to be another CRHL............ (ABTX up 36% today as well as I said on the MOLE thread)

[goz1986] 12/4/2010 16:09

just turned on the old screen, fairly sure this is going to be the cracker I thought it would be pip pip.........

[tomboyb] 12/4/2010 15:51

up 36%. moving up on every buy now.

[tomboyb] 12/4/2010 15:25

1v1 and up almost 30%.

[lopsidedgit1] 12/4/2010 15:04

i think the major shareholders have had a word with the management. Very unhappy with the share price so they want everything sold and the company wound-up with all proceeds to shareholders. Does that sound a likely outcome?

[lopsidedgit1] 12/4/2010 14:50

so that means they are looking at selling all their properties. Am i right here

[lopsidedgit1] 12/4/2010 14:50

Nordic Land's Portfolio


Nordic Land's assets comprise Terminalen 1 in Helsingborg, known as
'Knutpunkten', which is a regionally-important, mixed-use, retail and transport
hub serving the west coast of Sweden and Denmark, a prime-located retail and
office park in Borlänge and a multi-let retail property in an affluent part of
Greater Stockholm.


The portfolio is currently well secured on 106 tenants, of which 73% are
municipalities and national multiples, including market leaders such as Willy:s,
Rusta, Scandlines, Sportex, Espresso House, Expert, McDonald's, the City of
Helsingborg and Banverket (the state-owned railway company).


Retail leases in Sweden are typically fairly short, at between three and five
years, although terms may be longer (up to 10 years), particularly on new
lettings of larger retail boxes. It is commonplace for retailers to have the
right to renew their leases. Rents are annually indexed to the Consumer Price
Index every new year.


The quality and size of the tenant base is important to us in terms of providing
a diversified cashflow as well as opening up multiple prospects for adding value
on lease renewals.


Each of the Group's properties provides a range of profitable asset management
and development opportunities, which we expect to convert into increases in
cashflow and, ultimately, net asset value per share.

[lopsidedgit1] 12/4/2010 14:49

The entire portfolio is in Sweden. This is right yes?

[tomboyb] 12/4/2010 14:47

yes that could indicate the NAV holding its own i.e. 72p per share or even an increase on that. time will tell.

[court_out] 12/4/2010 14:45

i've just bought a few on the PLUS market after the "Potential Disposal" news. As this part reads well;

...which continues to trade at a significant discount to the Company's net asset value per share and in light of signs of recovery in demand for prime real estate assets in Sweden...

[tomboyb] 12/4/2010 14:36

up 19.5% and climbing. 2v2

[tomboyb] 12/4/2010 14:26

up 14% and climbing. may well be a good day to get into the late twenties and early thirties.gl.

[lopsidedgit1] 12/4/2010 14:13

this news should spark some share price action!