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AISI Aisi

65.50
0.00 (0.00%)
Last Updated: 00:00:00
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 65.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Aisi Realty Share Discussion Threads

Showing 26 to 50 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
18/2/2011
15:56
No shares traded today. This has to be one of the quietest stocks on AIM.
marab
18/2/2011
13:00
From the accounts to 31st December 2009 I found that the interest payable on the ECRD loan was 6.75% above the 3 month LIBOR rate which at that time was 0.25%, so 7% in total. At that date AISI had drawn down $16m from the $34.4m loan facility. The ECRD loans are repayable in 34 equal payments of $470,588 starting the 18 December 2010. There is no indication of the period between repayments so I have no idea if they are monthly, yearly, or anywhere between the two.

From the June 2010 accounts the four main project sites were valued at

Brovary $24m
Odessa $10.5m
Tsimlyansky $ 3.15m
Kiyanovsky $19.65m

The company is looking at the possibility of selling last 2 totalling nearly $22m.

At that time property prices appeared to have bottomed out and one would hope for an increase in NAV in the next accounts/update.

marab
17/2/2011
16:47
So four trades today and supposedly all sells yet I was being quoted 1.9p to buy all day and yet there was a 300,000 'sell' at 1.9p. Anyone out there willing to confirm that 300k was a buy?
marab
17/2/2011
14:11
As it says above our toilet seat "I aim to please". Nice looking building though isn't it.
marab
17/2/2011
13:53
excellent stuff marab!!
kennyruss
17/2/2011
12:53
And if you are interested in renting ;-)

"Brovary Logistics Centre"
Industrial property to let in Brovary

Address:

"Brovary Logistics Centre"
Moscow/Kharkov Road (М01)
Borispol Ring Road
Brovary
Ukraine
Size:

From 6,000 to 49,180 sq m
Description:

12 m clear internal height
Floor loading – 6 t/sq m
24 m x 24 m column grid
Loading bays with dock levelers
(1/1,000 sq m of warehousing space)
Terms:

Lease term - 10 years minimum (with break up option within 5 years)
Viewing via DTZ agent
Rent is negotiable

marab
17/2/2011
10:36
And in real life the snow is a bit deeper
marab
17/2/2011
10:33
It's hard to visualise a warehouse of 50,000 square meters. Sometimes a picture is worth a thousand words.
marab
17/2/2011
07:44
That is starting to look like a very nice graph. It will be interesting to see how it goes today.
marab
16/2/2011
20:49
Up 40% yesterday, 28% today, that's encouraging. 3rd on the top percentage risers list yesterday but only 8th today! LR still waiting for that post ;-)
marab
16/2/2011
13:57
Anybody got a contact email address for the company? Recommendation of the best person to contact for information?
marab
16/2/2011
11:55
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

marab
16/2/2011
10:44
paxman, that sounds a reasonable plan to me. Having part of Brovary rented should make it easier to rent the rest and hopefully at a decent rate. An empty building would probably give a first client a bit of leverage on the rental rates.
The 3 year lease agreement signed with DMT Group should help with future cash flow.

marab
16/2/2011
10:25
Good point marab re Odessa. My guess is they are waiting for more leases at Brovary, selling at least one of the residential sites, paying off some of the Brovary debt with the proceeds, and then going to the EBRD with a good track record and agreeing more finance for Odessa.

Odessa could bring in another $6 m in rent.

paxman
16/2/2011
09:55
paxman, if they did sell either the Tsimlyansky or the Kiyanovsky sites, or even both that should give them enough leverage to move forward with the Odessa project perhaps. That would triple their rental space.
marab
16/2/2011
09:40
AAAInvestment, welcome and hopefully your confidence will be rewarded. It's a bit like the magnificent 7 on this board. A poster here, a poster there. Soon we might get up to double figures.

paxman, good points. Welcome to one of the quietest threads on ADVFN. The current asset valuations are about 50 - 60% of a couple of years ago and seem to be rising now. Looking to the future it looks like the Ukraine could be a good growth area. Your rental estimate is based on recent average rents I am guessing, and they were nearly twice as high a couple of years ago so room for a bit of a rise hopefully.

marab
16/2/2011
09:11
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.
paxman
16/2/2011
09:00
marab - too right, I paid 3.25p for a small shareholding and still think its a massive bargain.
aaainvestment
16/2/2011
08:54
Kenny, looks like those who bought higher in the past are happy to hold on to their shares.
marab
16/2/2011
08:24
2.4p now to buy. This was 40p in 2008 when they hadn't built anything and now they have a finished building to rent and the share price was 1.5p a couple of days ago.
marab
16/2/2011
08:10
This is one very illiquid share. Seems to go up 0.2p every time someone buys a thousand quids worth.
marab
16/2/2011
07:59
yep seen that, might be a buying opp at some point..
kennyruss
16/2/2011
07:58
Looks like you got out of VAL at the right time Kenny, placing at 0.6p.
marab
16/2/2011
07:45
Downside is that 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%.
marab
16/2/2011
06:36
extremely:)
kennyruss
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