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Real-Time news about Real Estate (London Stock Exchange): 0 recent articles
|wangwu: Can Treasury win the battle against Nama? If yes, reo share price might go up sky-high.|
|stephanie_m: Stephanie_M - 12 Nov'10 - 15:44 - 509 of 1012 edit
Badhshah - 12 Nov'10 - 14:23 - 491 of 507
By the way 20p is peanuts but I really don't like predicting share price. Only said 20p because at that price it is still seriously under value. It should get there in the matter of few days.
20p "in a matter of a few days!". WOW!
Not even the next few years|
Do NAMA have enough power to force REO into selling assets without forcing them into administation? Presumably NAMA will have to incentivise them into co-operation, otherwise why would REO sell any of its assets? Why not just wait and pray for a large bout of inflation?
Don't get me wrong, I am surprised how high the REO share price is, but I suspect they may be able to negotiate some loan write offs to improve things in exchange for making disposals without too much fuss.|
|flyingswan: RMM Chart is looking Good.
The Share price is now above some of the moving averages.
Parabolic SAR is in an up trend.
Volumes of Trades, above average.
RSI and MACD giving BUY Signals. IMHO:|
|flyingswan: I just thought I would remind people that REO can be put in an ISA.
With a property contract worth over 5 Billion Pounds.
I an expecting the share price to reflect this, over the coming weeks.|
|lbo: Badhshah heared it all before! And QUID PRO QUO. If you are so sure the company is not bankrupt then what do you care what others think or say and why would you be so keen they "go away"? As for posting a rightmove link on Battersea prices!!!! (and then removing it!) Only reinforces what many of us suspect about your fundmental knowledge of REO and its assets and liabilities and that you like many others will disappear with the share price rise. Maybe you can also enlighten us to what the costs of developing such a project will be, where this finance will come and at what costs and what security can be offered to new investors or debtors when REO is already underwater to circa £750m and while your at it maybe you can tell us what the demand for such a large development will be during the worst recession, banking and austerity issues the UK has seen for many years?
|lbo: We heard it all before on ANGL! Fact remains that REO is still insolvent no matter what some speculators do the share price in the short term. The speculative market still placed a value Anglo Irish shares right up to the Nationalisation but the reality was they were worthless!
You still haven't given a reasoning for how the company will trade out of a deficit of shareholder funds. As for the shares bouncing, I also predicted they would, as penny punters pushed the price up; it is momentum trading in penny shares.
Of course the share price can, and may move higher, but I look at making long term investments, and I do not see REO having a long term.
There is the next absurd conspiracy theory. I can confirm that I have no intention whatsoever of buying any REO Ordinary shares, and can further confirm that I am not trying to get the share price down.
As for going away, that is the domain of punters that get it wrong and lose money, and then foul mouth the directors and others. Seen it far too many times!!!|
So your assumption on share price is based on a change in sentiment? I can see a short term, but small bounce in the share price on a deal for Battersea, but the simple facts are that the Company has assets of £1.05bn, and debts of £1.663bn. A deal with certain debt holders may convert part of that to equity, but in effect the company is bust, and very bust at that.
I would like to know how you think the deficit on shareholder funds will be righted, which will give the shares any value whatsoever.|
|cliffyburger: On 23 June, when REO's share price was 10.5p, I wrote:
"With a negative NAV, negative earnings, huge gearing and an uncertain future, I wouldn't go near REO's shares with the proverbial bargepole. Only bottom-fishers with strong hearts would be tempted to pick up this particular cigar butt, as the risk of a 100% loss is considerable!"
Today, REO shares closed at 2.1p, down 80% in the 13 days since I warned that this was an insane gamble.
Hence, I'd say that my warning to get out of REO (see post 256) was absolutely spot on.
PS: REO featured in today's Markets Live column at FT Alphaville, see:
NH: big line of stock being hawked round the market
NH: 11.5m shares
NH: told KBC took it on
NH: at a knock down price
NH: fears that the equity is worthless
BE: Ah. Distressed seller and no liquidity.
That's 3.45% of REO sold for next to nothing, which spells bad news for any remaining holders, alas...|
Real Estate Opportunities share price data is direct from the London Stock Exchange