XXI Century Share Discussion Threads

[double6] 26/1/2011 08:58

Any worth now ??

[envirovision] 26/1/2011 08:24

Well its been recapitalised so hopefully be a survivour now, regarding the shareprice i doubt the new shareholders are particulary interested in selling their shares so liquidity should push it back up in time.

[leaderzzz] 26/1/2011 07:51

so where will XXIC go from here?

[andrbea] 26/1/2011 07:42

restored but -83% pre-market

[envirovision] 17/12/2010 17:03

Its important to note the injection though. US$20.0 million before expenses, thats a lot, more than I expected. That should enable the company to unlock some value in 2011 and certainly to gtee the long term survival of it.

Meanwhile Ukraine is thawing at a rate on knotts now, take a look at KDDG today. They have been granted a large bank loan for a major construction to reach completion. This is possibly the first such construction loan of such size any Ukraine bank has made since at least early 2008.

This is a major event really!

[andrbea] 17/12/2010 16:24

true

similar thing happened at acu, but it's still alive

[barnetpeter] 17/12/2010 09:31

Yes but current shareholders now have just 10% of the company. Still, better something than nothing.

[andrbea] 17/12/2010 07:10

now tangible palns to relist....

....... and the resultant lifting of the Company's Suspension from trading on AIM on 26 January 2011.

[envirovision] 08/12/2010 19:04

XXIC lives to fight another day.

Noteholders agree to payment deferal, whilst recapitalisation seems like its drawing to a conclusion..which will I assume will also coincide with bank loan restructuring.

Subject:
Date: Wed 8th Dec 2010 18:24:46
Region:
Market sector:
Company: XXI Century Investments Public Ltd


DJ XXI Century Investments Sells Interests In Units


LONDON (Dow Jones)--XXI Century Investments Public Limited (XXIC.LN) said Wednesday the group entered into sale and purchase agreements and ancillary documentation, or the SPAs, with Dorvell Investments Limited to sell the Group's interest in Elite Service LLC and Piaty Element LLC to Dorvell.

MAIN FACTS:

-Group also entered into an agreement for the assignment to Dorvell of a $1.78 million loan granted by the company to one of the subsidiaries.

-Aggregate cash consideration for the disposal and the loan is $1.5 million, of which $900,000 is payable immediately following registration of the transfer of ownership of the shares in the subsidiaries to Dorvell.

-Payment of the balance becomes due upon the registration of the transfer of the loan with the National Bank of Ukraine.

-Consideration is being satisfied by cash held on the balance sheet of Dorvell, which has received debt finance to fund the purchase price of the disposal, from Renaissance Capital Group.

-Company entered into these arrangements with Dorvell in order to secure interim financing to support ongoing working capital requirements, pending the completion of a potential larger recapitalization transaction with Renaissance.

-Negotiations between the Board and Renaissance regarding the Financing remain ongoing and are subject to a short-term exclusivity recapitalization.

-Company and Dorvell have executed a put and call option deed, or the P&C, which enables the company to re-acquire the subsidiaries and the loan on or prior to April 30, 2011, in certain circumstances.

-Shares of XXI Century Investments on Wednesday closed at 27 pence.

[andrbea] 23/9/2010 18:53

when do we get some info?

[envirovision] 18/5/2010 15:17

Rating agencies have taken positive action following the Ukraine elections: S&P raised Ukraine's foreign currency sovereign credit rating from CCC+ to B- while Fitch revised the outlook to Stable from Negative. Fitch gives Ukraine a B- while Moody's rates it B2.

[envirovision] 12/5/2010 10:27

Not sure what the format will be because this time last year when i started following, the problem for them was breaking loan covenants and trying to arrange agreements with creditors, so now thats sorted lets see.

[engelo] 12/5/2010 10:23

enviro: from previous experience can we expect any trading info at the AGM? Would you expect a half year report at some point?

[envirovision] 05/5/2010 12:27

ok got the ukro sorted, lol they dont like giving them away anymore, grabbed 6k worth and they wolloped the offer up to 34

[envirovision] 05/5/2010 11:24

Have put a limit order in for UKRO today, now getting ready this week to add to XXIC, seems a good week to get my Ukraine holdings sorted.

[gambler99] 03/5/2010 18:34

give it 5-10 years these could be 1500p again. :)

[envirovision] 29/4/2010 10:15

This is interest on debt, insead of paying the interest they simply adding it to the debt and can do this till 2014 by which time it is hoped they will be able refinance all debt on better terms.

[engelo] 29/4/2010 10:10

EnvirO; thanks for link. Yes the rouble etc look stable compared to our own backyard.

Well we asked for a trading update: and we got one :{/

Can you read anything in the tea leaves? Apparently not going bust, I suppose.

[envirovision] 27/4/2010 14:30

UKRO strange action today.

Take a look at this video:



they signed it sheilded under two umbrellas, despite the mass punch up, egg and smoke bomb pelting, amazing stuff.


it basicaly means the might of Russia will be helping to power Ukraine out of this economic mess, and looking at the state of the west I think thats a good thing dont you.

[engelo] 27/4/2010 09:56

UKRO in the ADVFN leaders to-day!

[engelo] 23/4/2010 09:51

envirovision: great play of yours getting out of DUPD and into AURR! Got a few more AURR myself just in time. Hoping the Midas touch will rub off on XXIC in due course...

[envirovision] 21/4/2010 16:28

addrbea if your into Russia Aurorra Russia advisor April report out:

[andrbea] 21/4/2010 14:38

some other Russian plays:

rgi, prdf

[envirovision] 21/4/2010 14:29

Just shows what can happen with a more Russian friendly goverment this is great news for ukraine.

[durby] 21/4/2010 14:24

Russia to Invest $40 Billion in Ukraine, Agrees 30% Gas Fee Cut

April 21 (Bloomberg) -- Russia will invest $40 billion in Ukraine through 2020 after the two countries struck a gas price deal, enabling the Kiev-based government to resume its international bailout and cement ties with its eastern neighbor.

Russian President Dmitry Medvedev and his Ukraine counterpart Viktor Yanukovych signed an agreement today in Kharkiv, eastern Ukraine, to cut gas import prices by 30 percent. In return, Ukraine agreed to let Russia extend its Black Sea Fleet lease by 25 years and raise the amount of gas it imports.

Ukraine Prime Minister Mykola Azarov yesterday said the talks had been "extremely difficult" and that Ukraine was relying on Russia's "good will" to get lower gas prices needed to reduce the budget deficit. Cheaper gas will allow the Kiev- based government to end subsidies to households and utilities, a condition the International Monetary Fund has said must be fulfilled before it resumes its bailout.

The two countries also agreed to allow Russia to keep its Black Sea Fleet at the Ukrainian port of Sevastopol until 2042, with a possible five-year extension. The fleet is currently subject to a lease that expires in 2017.

Ukraine has agreed with the IMF to end its $16.4 billion program, of which $10.6 billion has been paid out. Instead, a new loan worth as much as $12 billion running over 2 1/2 years has been agreed, Iryna Rudko, a spokeswoman for Deputy Premier Serhiy Tigipko, said yesterday.

Russia raised the price it charges for 1,000 cubic meters of natural gas to $360 in the first quarter of 2009, compared with $179.50 in 2008. The price was cut to $305 in the first quarter of this year. The 2010 budget, which has yet to be approved, assumes a gas price of $334, Tigipko said on April 15.

Ukraine's economy contracted 15.1 percent last year, the deepest decline since 1994, as the financial crisis cut demand for its exports, weakened the currency and dried up investments.

Since then, a return of demand from western Europe has buoyed exports and industry and helped spur growth. Economic output expanded an annual 5 percent in the first quarter and 6.8 percent in March from a year earlier, Tigipko said today