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AISI Aisi

65.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aisi LSE:AISI London Ordinary Share CY0102102213 ORD EUR0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 65.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 65.50 GBX

Aisi Realty (AISI) Latest News

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Aisi Realty (AISI) Discussions and Chat

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Aisi Realty (AISI) Top Chat Posts

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Posted at 10/8/2011 07:40 by marab
Has there been any facts or figures on new cash raised? I don't seem to have seen any. Kenny as you say the price could go anywhere but I think the new directors will gee things up a bit so could be interesting.
Posted at 11/7/2011 07:46 by marab
Brovary warehouse - new tenant lease agreement signed

Aisi Realty Public Limited ("Aisi"), a property investment company focusing on development projects and related investments in Ukraine, is pleased to announce the signing of a new, two year lease agreement with FM Logistics Dniepr, a subsidiary of French global logistics operator FM Logistics Group, for 2,704 sq.m (approximately 6% of the total lettable space) at the Company's Brovary warehouse.

Further, an existing tenant, DSV Group has increased its lease space by 1,000 sq.m (approximately 2% of the total lettable space).

The above agreements bring the total contracted space of the Brovary property to 26% occupancy. Multiple negotiations over the empty sections remain ongoing.
Posted at 04/7/2011 08:31 by p@
Ken-the easy bits as I understand it are :

1)shares -for every 100 shares you will only now have 1 share.

2)The AIM quote will be restored.

3)The loan will be secured on the properties.

4)The conversion of the Bonds is at $1.5/ new share.
Posted at 30/6/2011 14:51 by earltaylor
I just been told that AISI have stopped trading?? and i have just got back all my money i invested which is great as i was at a loss
Posted at 15/3/2011 14:41 by kennyruss
This morning's RNS

Aisi Realty Public Limited

15 March 2011

15 March 2011

Aisi Realty Public Limited ("Aisi" or "the Company")

Result of AGM and Trading update

Aisi Realty Public Limited (AIM: AISI), a property investment company focusing on development projects and related investments in Ukraine, announces that all the resolutions proposed at the Annual General Meeting on 14 March 2011 were duly passed.

The Company also provides the following trading update:

Brovary

The property continues to attract interest, both from international and local companies and the Company is currently in discussions with four potential tenants, albeit with nothing binding entered into, over the remaining empty sections of the property representing in aggregate, approximately 81 per cent. of the total 48,988 sq m floor space.

Other portfolio projects

All other portfolio projects remain on hold, and the Directors are continuously reviewing the net benefits from selling either the Tsimlyansky or Kiyanovsky residential projects.

The Company has however, recently received the development rights from Interterminal Group over approximately 27 hectares of land in Zaporojie area, zoned for retail development. This land was originally mortgaged against advances by Aisi in relation to two separate development projects in Odessa and now therefore, forms part of the Group's investment property portfolio.

Financing

The Board continues to focus on managing its assets and working diligently to recover advances to strengthen the liquidity position of the Company and its subsidiaries (together the "Group").

Market conditions however remain difficult in Ukraine, and the lack of rental income has unsurprisingly resulted in available working capital of the Group becoming increasingly tight. Management are in advanced discussions with the Group's existing debt provider to restructure the current facilities. In addition, management are in discussions with (a) certain existing shareholders of the Company and (b) an independent, third party investor group to provide a working capital facility to meet any short term funding requirements. Further details will be provided in due course once the terms of any such facility have been finalised.

- Ends -
Posted at 01/3/2011 08:38 by marab
The questions I asked are as follows

What is AISI's current cash position?

What is the status of the other 3 major projects - on care and maintenance or actively looking to sell?

What are the average warehouse rental figures for Ukraine as $6 / square meter has been suggested?

What premium to the average rental could be expected for quality class A warehouses like Brovary?

What kind of increase of average rental figures for the Ukraine do you foresee for 2011?

Could the Odessa project be self funded on sales of other projects?

Is funding for Ukranian projects getting easier ?

Would the ECRD be interested in part funding Odessa?

Has the whole ECRD loan of $34m been taken up?

How is the ECRD loan covered and what are the current repayment terms?

Does AISI have plans to take advantage of building projects of other companies which have stalled due to lack of funding?

Do the smaller companies listed as part of the AISI group actually have any worthwhile projects and what are they worth?

What is the average rate Brovary will achieve for the warehouse per sq meter ?

How is the $34m loan covered and what are the current repayment terms?

How far into the build is Odessa and when do they hope to complete it?

Is the $65 million facility to complete Odessa still available?

What happened to the outdoor advertising business and is it generating income?

What is the current list of major Shareholders and directors holdings and when will this information be updated on the website?

Are there any outstanding financial liabilities to UVK, and do UVK have any outstanding rights on the Brovary warehouse?

Do the company have any future developments in mind?


I reckon at least 9 of the above questions could be answered without disclosing any sensitive information.
Posted at 24/2/2011 11:43 by marab
envirovision, I know I am leaving myself open to a - tut tut, and a sad shaking of the head but Who are UVK? and, Advertising Business?

I know AISI have 4 main project sites, one of which - Brovary is completed, Odessa which the company would like to proceed with next and the other 2 could be sold off to provide funding. On the basis of that I thought this worth an investment. AISI have a long list of smaller companies in the group which I presumed were formed to take interests in potential project areas but would welcome any further information on those and my ever widening ignorance of AISI.

Your questions I will add to the list. Last I heard AISI was trying to arrange phased lending of the $65m for Odessa in 2009, and you are right in pointing out how important it would be to clarify if that funding could still be forthcoming. It's interesting that AISI is based in Cyprus, it was a Cypriot bank that was offering the $65m, and Cypriot banks have invested in well over 100 projects in the Ukraine. (Please don't ask for a link to that last bit because I found it at 2 am one morning and have no clue where I saw it).

The $34m funding certainly needs to be clarified as from the last trading update they appear to have only used $16m.

I doubt that we will get a figure for the rentals until everything is rented out but still well worth asking. Any indication would be good.
Posted at 24/2/2011 09:44 by marab
The man from AISI he say yes,

Please e-mail us the list of questions that you may have re Aisi, and as long as info is in public domain, we would be happy to respond. Also, we post all our news on our website at www.aisicapital.com.

With kind regards,
Beso Sikharulidze
President
Aisi Realty Capital, LLC

So let's have your questions please kiddies and I will lump them all together in one email and post any reply here.
Posted at 22/2/2011 14:01 by marab
DSV transport were the first to rent at the Brovary warehouse.


There last accounts give a breakdown of the turnover for each region on page 8 which is quite interesting. Certainly gives lots of room for expansion. The rental agreement was made after this report was produced.


Nice to see AISI has not suffered the drop in share price that so many others have had today. Shouldn't have said that should I ?
Posted at 16/2/2011 11:55 by marab
So a summary from research and comments on the thread,

There are 414m shares and about 75% held by directors and major holders. Many of these share holders are hedge funds. One is Tudor BVI Global Portfolio Limited (6.58%) which recently took a large stake in SNRP. The company was set up to build and rent 4 sites, one of which (Brovary warehouse) has been built and part rented out. Details on the other potential projects are on the website at,
website/ under the heading PROJECTS.

Could be interesting if they sell either the Tsimlyansky or Kiyanovsky residential projects. Two years ago the NAV was $89m, so a bit of upside potential over and above the current bargain price.

Share price was 40p 2 years ago and reached an all time low a week ago but has gone up 60% in 2 days on very small buys.

For background information on the Ukraine go to google and search

DTZ_Property_Times_Ukraine_Q4_2010_eng.pdf

open the pdf and read from page 14, with AISI having the largest logistics warehouse in the area..(and is new) and occupancy is about 20% at the moment - so 10,000sqm a month at $6 a sqm - approx $60,000 a month at 20% occupancy. At full occupancy about $3.6m a year income. The $6 is based on average rates. Prime rates are dearer. I imagine that Brovary could fall into this category as it is new. Average rentals were $11 – $12, 2 years ago. One of the tenants is holding a 3 year lease which should strengthen cash flow.

"Whilst at 30 June 2010, the Group's total assets exceed its total liabilities by US$45,450 521".

Unemployment in the Ukraine is 8%, unlike here where it is er, 7.9% and rising. GDP growth expected to be 5 - 8% compared to here where we apparently expect 1 - 2%.


The company is considering selling their Tsimlyansky and Kiyanovsky residential sites, which could give them enough leverage to move forward with the Odessa project which would triple their rental space. If they sell off one of their two residential sites at DTZ's 2010 valuation then they can pay off most of their debt and have a new well-located warehouse earning $3.6m a year in rent and net assets of 15+ p a share.

A $34.4m loan was provided by the European Bank for Reconstruction and Development toward the £49m cost of building the Brovary project, and there is no obvious reason for another loan not to be granted for the Odessa project as long as the company can demonstrate cash flow.

I think the above is accurate but DYOR. I own a few of these and would welcome any views from long term holders
Aisi Realty share price data is direct from the London Stock Exchange

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