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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Ger | LSE:SGL | London | Ordinary Share | GB00B126Y552 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.215 | 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 | 0.215 | EUR |
Summit Germany (SGL) Share Charts1 Year Summit Germany Chart |
|
1 Month Summit Germany Chart |
Intraday Summit Germany Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/2/2014 | 08:58 | GERMANY PROPERTY INVESTMENT SUMMIT | 74 |
| 05/10/2012 | 16:46 | Sarantel | 7 |
| 23/6/2005 | 19:18 | Scandinavian Gold: Nickel, etc. in Finland | 6 |
| 25/12/2003 | 11:19 | if its good enough for the chairman,its good enough for me | 9 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 30/3/2012 15:06 by arichardwilson Anybody still following this company. Today asked them for price at which they would buy shares: 10 cents.Then asked latest NAV: 50 cents. What do you do? |
Posted at 21/4/2009 06:05 by jpmorgan There are two options from understanding:(1) Hold on as private shareholder unless the offer becomes mandatory (above 90%) with limited marketability of the shares, and lack of corporate governance/visabilit (2) Sell up in the market or take the cash offer. If I trusted the management, and also had deep enough pockets and did not to need the cash at all I would choose option 1. Because do not trust the management to look after interests, I will probably take the cash and reinvest the capital elsewhere. If SGL provided the option to remain listed or clear trading facility of share going forward, while still giving Zohar Levy control via tender offer for shareholders who wished to exit, that would have been a fairer treatment of shareholders. |
Posted at 17/4/2009 09:55 by jpmorgan As previously posted, very dissapointed with the non-executive director of SGL.With solid NAV of 60p+ and cash in the bank, and income clearly exceeding costs by a major factor for several years before refinancing required. Finance markets stable to improving. Zohar Levy is getting a bargain. Will make a note of Mr Lambs involvement and not be involved in investing in any company he is associated with again. |
Posted at 09/4/2009 08:49 by irenekent The offer seems to be aprox. 10yrs worth of dividends. These could and should rise. Levy is calling the bottom of the market and is trying to make this offer sound generous. The directors only hold 522,500 shares between them which is insignificant out of 275,000,000 shares in issue. The real question is whether the holders of 68,750,000 representing 25% of the current shares in issue will wish to hang on to them rather than taking Levy's derisory offer. The number of shares in private hands is probably quite small and I'm sure this would have been checked, so the liklihood is that the company will be dropped from AIM. Levy still has to realise his investment at some time in the future and I reckon that after a suitable pause it will be refloated, into a rising market of course. Trouble is he can buy us all up if he owns more than 75% at the current offer price. Lets see if the market price rises in the coming days which could cause a frisson of action amongst the activist hedge funds if there are any left! |
Posted at 07/4/2009 08:22 by irenekent Looks like a stitch up. Offer at only half of last Octobers value. Long term holders shafted again. Wonder if an activist fund will get involved to put up price offered. |
Posted at 16/4/2008 01:52 by cnx the trend in share price appears to be downwards and if so it is possible the stakebuilding will continue. i cannot predict at what share price a takeout,if any, will occur. if we believe a takeout is on then it may be sound to follow the price down and hope there is a profit at takeout time.i will consider averaging down if circumstances permit.as i mentioned i plan to hold long term. |
Posted at 15/4/2008 21:55 by muffster So if you buy now at current price are you saying that a takeover could be below current price?Doesn't sound right to me cnx. |
Posted at 14/4/2008 19:11 by lochgarman cnx....im not with you?? Does it not depend on what price you got in yourself....e.g. below the price the large stakeholder pays/paid? |
Posted at 10/4/2008 21:46 by jpmorgan Lochgarman,As you say it is quite rational for zohar levy to take advantage of situation. Clever move to purchase just before the dividend is paid, as yield on purchase price alone means getting assets for less than 50% of NAV of assets alone on this purchase! As Benj Graham says, "in the short term the stock market is a voting machine, and in the long term it is a weighing machine". JPM. |
Posted at 08/4/2008 21:40 by jpmorgan Why is this share so depressed? Am I missing something? Looks positive from analysis....->Germany stable economy.... ->Significant cash holdings in company. ->60m rent roll, and interest bill fixed for next 5 years at 40m. Margin of safety ->Solid yield of 5.5p = 8% Yield on Euro0.69p purchase price. ->Owner/Manager- buying assets for 55% of NAV price - not stupid - spend Euro22m in April to double shareholding. ->Rent roll can increase with refurbs and lettings over next year from existing stock ->Sector is out of fashion, but fashions come round again, and property tends to be a classic... |
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