Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Pyrenees Trust LSE:ALPH London Ordinary Share GB00B0P6FY18 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005p -4.35% 0.11p 0.10p 0.12p 0.115p 0.11p 0.115p 1,474,034 08:34:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 1.0 -7.5 -13.2 - 0.13

Alpha Pyrenees Trust Share Discussion Threads

Showing 2501 to 2525 of 2525 messages
Chat Pages: 101  100  99  98  97  96  95  94  93  92  91  90  Older
DateSubjectAuthorDiscuss
15/9/2017
12:03
I guess some lunatics prefer not to be the only lunatic in the asylum!
sleepy
15/9/2017
10:26
To quote Victor Meldrew "I don't believe it ! "
fenners66
15/9/2017
10:14
Nice to see a few albeit small buys yesterday and today, and not the more recent day trading lemmings, I feel a share price rise coming on, onwards and upwards?
gbenson1
14/9/2017
10:41
Hi tiredoldbroker thank for the heads up on ALPH history, although really was no need on my account for the followup post! I now have a clearer picture of where the co. went wrong, the banks were lending money as long as you could sign your name! What I can't understand is if the co is underwater to circa £57m, why on earth haven't Barclays pulled the plug? The shares are still trading and whilst that's the case, ALPH could still have a future!! The fat lady and all that.
gbenson1
13/9/2017
15:58
T O B - also you have to factor in here the FX swap deal that Barclays did which the directors did not understand and which has cost the company a fortune, then the penalty interest and charges on top. Although Barclays will end up with a write off that is only some of the interest and charges so really no skin off their nose.
fenners66
13/9/2017
11:29
Hence: As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust’s bank borrowings, to the extent that this is possible, has taken place.
mister md
13/9/2017
11:26
If you need an example laid out, here it is (an abstract example, not ALPH's own case): You start with your own capital of £120m. You add debt of £360m. You invest the total of £480m. Then the assets you have bought fall in value by 35%. They are now worth only £312m but you still have debt of £360m, so your own original capital of £120m is now a deficit of £48m. You then sell 90% of your gross assets to reduce the debt mountain. This pays off £281m, but you still have debt of £79m, however the remaining assets are only worth £31m. Even if those remaining assets recover their original value, they'll only be worth £47, so you can't pay off the remaining £79m of debt and have anything left for shareholders. The bank lets you do an "orderly realisation" rather than a fire sale, and spares itself the huge fees a liquidator would charge; but you'll still never get anything back for shareholders, you'll just prevent the bank's bad debt getting worse.
tiredoldbroker
13/9/2017
11:16
gbenson1, ALPH went public in November 2005, issued 125 million shares at £1, with the specific intention of creating a highly-geared investment portfolio, using bank borrowings of maybe 3 times their own cash to build a £480million portfolio, intending to pay out dividends of 7p/share. This looked fine to them in 2005, but when financial storms hit not many years later, the weakness of the plan soon became clear. In March 2008 they were boasting of their strong balance sheet, NAV of over £1/share and whopping big dividends. A year later, NAV was down to 62p, and in Aug 2009, 44p. March 2010: 32p. And so it has gone ever since. NAV dropped from 22p to 12p between 31/12/13 and 30/6/14, and their 13/11/2015 statement clearly said they were conducting an "orderly realisation" and that there would be nothing left for shareholders. I'm sure you understand the problem: if you gear up to invest in an asset class which falls in value quite sharply over the following years, your equity is destroyed, because the gross assets are worth far less, but the debt stays the same. If you then start selling assets to reduce the debt, you can never climb out of the trough: because even if the properties recover in value, you've got only a few of them left, and any increase cannot wipe out the debt, which was related to the original, much bigger portfolio.
tiredoldbroker
12/9/2017
12:49
Something that's been bugging me, is that ALPH borrowed in excess of £45-50,000,000 from Barclays Bank without sufficient collateral, presumably during or near the credit crisis, they must be privy to something?
gbenson1
12/9/2017
12:44
Think we get your point Mister MD, oh no the infamous 1 trade, news? Or another false dawn!!
gbenson1
08/9/2017
15:47
As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust’s bank borrowings, to the extent that this is possible, has taken place.
mister md
08/9/2017
15:47
As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust’s bank borrowings, to the extent that this is possible, has taken place.
mister md
08/9/2017
15:47
As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust’s bank borrowings, to the extent that this is possible, has taken place.
mister md
08/9/2017
14:35
Definitely US interest!!
gbenson1
01/9/2017
22:08
And you , good luck.
fenners66
01/9/2017
15:47
Hi fenners, I'm still invested here but haven't paid anymore than .10, yes there have been quite a few lemmings losing money, however there is still some accumulation going on, there's life in the old dog yet, have a great weekend.
gbenson1
01/9/2017
13:46
You must still be thinking someone wants the shell co. But surely not until after Barc's have walked away. Will they have to liquidate to get every last penny? In which case too late for the shell?
fenners66
01/9/2017
11:19
Oh boy, heart jumped a beat, not the RNS I was hoping for!
gbenson1
30/8/2017
13:55
Hi Fenners, think with the market cap of 200k as so few shares in free flow, the upside is scewed, I could buy the company myself if it wasn't for the Barclays debt.
gbenson1
30/8/2017
13:51
Hi Fenners, think with the market cap of 200k as so few shares in free flow, the upside is scewed, I could buy the company myself if it wasn't for the Barclays debt.
gbenson1
30/8/2017
13:47
Nearly 1.5m buys - but its only £1800 - question is why? WHY?
fenners66
30/8/2017
12:47
Are we in for another lemming assault?
gbenson1
22/8/2017
09:16
3 more trades so far today - another one matches as a sale of yesterday's purchase at a LOSS Really what a great scam this was ! 1, Buy worthless garbage . 2. Hopelessly spin about how its going up - with no back story but lies. 3. Sell when no-one is listening at a serious loss - as a % (but it was only child's pocket money) Was a good laugh thanks....
fenners66
22/8/2017
09:06
Fair enough I had already posted the £67m the other day and I guess I had forgotten the number I thought I could add it without looking it up. Still the message is the same
fenners66
22/8/2017
08:59
You're talking tripe fenners66. The net liabilities are £67m not £57m...which is 57p/share. Do try to keep up...
eezymunny
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