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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Treveria | TRV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.0021 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0021 | 0.0021 |
| Top Posts |
|---|
Posted at 26/11/2015 14:19 by praipus Anyone had their distribution yet?RNS Number : 8483D Treveria PLC 29 October 2015 TREVERIA PLC (the "Company") Declaration of Distribution The Board of Treveria PLC (LSE:TRV) announces that the Company has today declared a distribution of 3.512 Eurocents per Ordinary Share. The distribution will be financed from the distributable reserve created by the cancellation in 2007 of the share premium account which had arisen on the placing of shares on AIM at the Company's launch, and from the return of the capital which has become distributable as a result of the re-registration of the Company under the Isle of Man Companies Act 2006. The distribution will be paid on 20 November 2015 to Ordinary Shareholders on the register on 6 November 2015. The shares will be marked "ex" on 5 November 2015. |
Posted at 04/9/2015 22:57 by eimuista Well, a nice return for an about 4 month holding period (bought at 0.025)I had actually calculated that the share would sell for 0.035 right about now with a 0.02 dividend announced and some residual value. Common shareholders obviously getting the short end of the stick here: Keep in mind that there were receivables/cash in the subsidiaries. So, essentially, Malpica's firm got it for 50% of value deducting cash, if I read the company's accounts correctly. It was obvious that the end was near with the chairman resignation and comments about leaving AIM in last financial report. Could have bought at 0.02 or lower, I thought about it but didn't. |
Posted at 01/5/2015 23:12 by cerrito I am a shareholder of IERE with 38 % of its portfolio in Germany and TRV with 100% of its portfolio in Germany. Both are in workout situations, looking to sell their assets to liquidate borrowings and die hopefully a graceful death. Both are making heavy water of their sales.Others are finding the German property market more satisfying. I am a shareholder in RDI with 30 % of its portfolio in Germany. This is what it said a couple of days back in its interims; while IERE is more office than retail, TRV has a lot of retail and RDI seems to see things differently than IERE/TRV. Quote Investment activity remains strong across all key sectors and in particular for investments with the ability to add value. Despite general concerns for the Euro area, Germany maintains a unique and stable economic position. Retail continues to attract the majority of investment capital supported by an optimistic outlook for German retailers and an exceptionally low interest rate environment. unquote Also a TPFZ shareholder and when TPF reported a couple of weeks back they were upbeat about the Berlin residential market. I appreciate limited read across from Berlin residential to Pan German commercial but interesting to see upbeat RDI/TPF and slow sales from IERE/TRV. |
Posted at 29/10/2014 18:56 by horndean eagle Could do with one of these parties who they are in talks with to just put TRV shareholders out of their misery. The portfolio must have been horrendous to start with for it to have fallen the way it has without any recovery as per German real estate market. |
Posted at 30/5/2014 11:15 by cerrito In their interims IERE had the fllowing comment on the German property market; ave just gone rough the TRV website which used to have some portfolio information in a presentation of a few years back but even that has been removed so we are flying blindNo real change from what IERE said on Feb 21-see 225 quote With rising levels of employment, real wage growth, low inflation and low interest rates the underlying economic fundamentals for the German retail and office sectors remains positive. In the retail sector, national and international retailers target Germany as a key market for sales growth but are focused on securing the locations offering optimal sales volumes. This has led to a polarisation in the occupier market with strong demand for prime and well located secondary assets whilst the outlook for lower quality secondary and tertiary assets remains weak. In the office sector occupier activity remained positive in Q1 2014 with total take-up within the major office markets up 15% on Q1 2013 and vacancy rates declining 20bps to 7.8% (Savills). With economic activity picking up some tier two cities are starting to experience stability in demand although poor quality assets remain difficult to re-let once vacant. |
Posted at 20/9/2013 22:40 by cerrito The deal announced on Sept 6 was I thought very good for TRV and thus no surprise that the price has strengthened in the last weeks; too bad it took me time to read it and by the time I had the price had risen.I have no intention at all of selling and if weakens will buy more. |
Posted at 27/7/2013 10:30 by cerrito Just had a look at the year end figuresGood to see continued board room stability after all the comings and goings of a couple of years back Good to see once again we get full financial info on the parent; I note that it had an operating cash flow deficit of E1.9m up from E1.7m the year before; the parent's cash flow in H1 13 seems to have continued in this way-with a E1m decline taking into account the special distribution Not realistic to think of another special distribution till at least they sell the assets in Silos J and the soon to be debt free G and remit back to the parent. Good that they are outsourcing their management functions-especially given the increase in irrecoverable service charges and other property costs as per note 6. For me the resolution on investment policy to go to the agm makes sense. Good to see reduction in directors' emoluments Mr Malpica may get rich from TRV if he is successful, but at this time do not begrudge him that. Once again a very taciturn report and no insight into how their portfolio is reacting to what is going on in the German property market. Level of sales seems rather stately-ie E46m in 2012 and E 19m received in H1 13. Would have been good to get an explanation of why there was such a huge revaluation loss in 2012-of approx 13%. This varied from silo to silo and indeed for D was 15%. As regards silo G once the final asset is sold and the loan repaid one assumes that E41m odd gets upstreamed to the parent In terms of shareholding over the last year QVT have gone up from 10 to 15 and Edmund de Rothschild from 8 to 9%. No major holders have sold down so their percentage holding of the company has gone up from 77.6% t0 83.2%. In terms of the RETT I note that once again they have the same almost incomprehensible note 18 full of double negatives though in the very worst case scenario the max amount payable has gone up from E39m to E45m-due I suppose to late payment charges |
Posted at 14/5/2013 17:31 by cerrito My reading of today's announcement is that there is a hope that TRV parent's receivables from Silo E would be treated pari passu with the secured lenders-which seems to me counter intuitive.My reading of the notes to the Financials is that TRV parent was owed as at June 30 2012 E116m which would be consistent with interest payable by Silo E to group companies of E3.3m in H1 2012 More good news than bad but seems odd. I am reminded that we do not appear to have got Dec 31 12 information yet |
Posted at 14/3/2013 21:21 by flashheart Have you thought about TEIF another German industrial real estate play on a significant discount to NAV with a 4.5% divi as well........just a thought |
Posted at 12/2/2013 22:10 by cerrito Note today's announcement caused a 10% increase on little volume which is good.As stated earlier the banks should be OK; ie at June 30 2012 total external loans were E206m against assets of E262m and in the six months to June 30 operating profit was twice external interest that was due. Not sure the significance of the 1.8% payment TRV will receive from sales...unless the banks are paying for that but not sure why they would. |
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