||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Plaza Centers Share Discussion Threads
Showing 76 to 100 of 100 messages
|Plenty of nice large trades .
Could be a good future riser continuum.
And the momentum and trend have totally changed.
One hopes the BOD can now realise between 10 & 15p here .
Good luck All
|Could be a change of trend detected .
Keeping a close eye on Elbit .
|PLAZ A NEW GAME NOW|
|What are your current views on PLAZ greedfear ?|
|An updated debt restructuring. We're going to enter exciting times for PLAZ and us shareholders.
What would you do if you were a bondholder and get the feeling bondholders will agree with the restucturing while there's a huge gap between nav and sp?
Exactly! Start buying PLAZ shares.
Truly a greed and fear play ...|
|That's why I've been in for some time. Returns can be amazing once investors decide to return to property.
A lot of funds have been writing off substantial amounts on their property.
Also a lot of those funds have a huge gap between share price and (an allready very depressed) net asset value.
Think about what will happen if the gap starts closing while net asset value will start to increase.
It's a bit OT here (sorry about that) but ECDC for instance has a 80% discount to net asset value. The crown jewel is a 40% interest in a class A Bucharest office ( value of that 16-17 euro cents per share). This office yields something like 8% that's very high compared to other countries while yields have been 6.25% in Bucharest not so long ago. Rents in Bucharest seem to have bottomed. Any renewed interest in real estate and all ingredients are there for the share price to take off.
They've got some other real estate investments in their portfolio written off to practically nothing.
30 eurocents nav (17p of that in Cascade) yet shares can be bought at 5.5 eurocents.
Problem with ECDC is that's quite difficult to read their numbers.
I'm quite convinced real estate funds are where the money is to be made now (have been for some time frankly, quite a number of them have doubled-tripled last year or so.|
|From today's Financial Times.
"Investors pour into European property. Huge capital push into Europe's biggest real estate markets drives up prices."|
|It is, because they invest a lot in distressed securities based on fundamental analysis.
Also specialized in arbitrage, hedging and bonds.
This is right up their alley. Makes me think they might have a position in the bonds being in a position to influence any outcome of creditors voting in the court meeting in april.
Other bondholders might follow their strategy which can be very worthwhile as there's a large gap between share price and net asset value (12->70).
I'm in and willing to watch and learn.|
|Davidson Kempner Capital Management LLC is an event-driven hedge fund manager.
Plaza Centers N.V. ("Plaza" or the "Company"), announces that it has received notification that Davidson Kempner Capital Management LLC, now holds 16,478,999 shares in the Company, representing approximately 5.54% of the entire issued share capital of the Company.
|We're seeing movement!|
|the start of good things to come. heading for 30p|
|look at the buys, with news 50p 20p could come today|
|the creditors now know the bank is backing us up deal is on baby|
|Good for them...and us.|
Elbit Imaging has announced, further to the Company's announcements on November 14, and on November 26, that following the receipt of the requisite approval from its unsecured financial creditors, it has entered into a definitive agreement with Bank Hapoalim B.M. on the basis of the general terms of agreement that were approved by the Company's unsecured financial creditors, as described in the Previous Announcements.
Consequently, Elbit Imaging said that the condition precedent included in the adjusted plan of arrangement described in the Company's press release dated September 18, (and which was submitted to the Tel-Aviv Jaffa District Court in file No. 42576-02-13), pursuant to which an understanding will have been reached between the Company and the Bank, was fulfilled.
The closing of the Definitive Agreement is subject to certain other conditions precedent, including the approval of the Arrangement by the Court, the closing of the Arrangement and such other customary conditions precedent.
Elbit Imaging operates in the following principal fields of business: (i) Commercial and Entertainment Centers - Initiation, construction and sale of shopping and entertainment centers and other mixed-use real property projects, predominantly in the retail sector, located in Central and Eastern Europe and in India, primarily through its subsidiary Plaza Centers N.V. In certain circumstances and depending on market conditions, the Company operate and manage commercial and entertainment centers prior to their sale; (ii) Hotels - Hotel operation and management; (iii) Medical Industries - (a) research and development, production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment and (b) development of stem cell population expansion technologies and stem cell therapy products for transplantation and regenerative medicine; (iv) Residential Projects - Initiation, construction and sale of residential projects and other mixed-use real property projects, predominately residential, located primarily in India; and (v) Fashion Apparel - Distribution and marketing of fashion apparel and accessories in Israel.|
|Still no excitement over here. What's wrong with you people? lol|
|No excitement here yet. Good.|
|Hi no back in England, will pass by next time I'm in Bucharest in a couple of weeks. Well done on PLAZ, so far so good.|
|I consider it good news for the current shareholders. Obviously the largest shareholder Elbit Imaging (holding 60%) voted against. It would make sense them voting in favour for what's best for the current shareholders.
I more or less think the proposals were only made to show creditors (bondholders) that plaza bod tried everything possible to improve the equity position.
A right issue will be proposed on the condition that an agreement with bondholders will be reached.
So yes, it's a good thing. No placing now, a right issue once an agreement is reached and no dilution.
OT: did you have the time to take a look at Cascade Eurotower?
ECDC still trading at 18% of NAV.|
|At EGM yesterday proposal for waiver of pre-emption rights was denied, which makes a share placing less feasible. Good news if the fear was getting diluted, but bad news if the fear was insolvency. Will a rights issue be proposed? No share price movement which seems curious.|
|Okay, that makes sense. The ING Open Pension Fund Poland decreasing their holding.
Probably not allowed to invest any further funds into Plaza if there was to be a right issue.
My guess is they'll be selling half of their holding at current share price (or higher) and they'll use the money to participate in the placing.
If no placing because of no creditors agreement will be reached by Plaza then at least they would have gotten something for part of their holding.
ING OPF had 35 million shares. Currently 27, so 9 to go?|
|Fair enough. I can understand you having doubts about it all and feel there'll be plenty of opportunity in future to pick the shares up at a bargain. BOL.|
|Good luck with your investment. I have looked at these but decided not to invest now. The Baker Tilly cash realization forecasts for the 5 years seem rather back-ended and depend on successful development and exit of a major shopping center project in Romania (Casa Radio). This is challenging in view of current climate in Romania, where many shopping centers have come on to the market in the last 3-5 years, so competition is quite strong, and some are trading very poorly.
Bank financing to fund major property development is still hard to come by, particularly as many local banks are only now going through the painful process of taking write downs on loans made during the boom period. Of course over the medium term things can improve sentiment-wise, and any improvement will be beneficial to the investment case. But I have a feeling there'll be lots of opportunity to pick this share up at a "bargain" over the coming months/years.
There may be short term share price bounce in the event of successful capital reorganization/rescheduling of bond obligations. If I was investing at current prices I think I'd inclined to take profits in the event of any bounce either at the time of announcements, or in advance of them, if the price ticks up as news leaks out.|
|Must be the bottom. If bond holders agree there probably is going to be a right issue that corresponds with 6p for each share issued till now.
The volume doesn't look like people wanting out at this level.
There is/are seller(s) though but not being very agressively.
Probably investors that do not want to invest more into PLAZ but willing to take part in the right issue.
Freeing up money to do so, but it would not make sense for them to sell below 6p or so as that would be the contribution per share PLAZ would ask from their shareholders for every share held if the right issue would take place.
Can't afford to buy anymore PLAZ alas.
Anyway, just my two pennies.|