Alpha Share Discussion Threads

[chrisgail] 18/7/2015 19:09

The sale is a small step in the right direction, we need a few more to keep the bank happy, that should then result in an extension and slowly but surely value for holders...............we will see.

[senor_sensible] 17/7/2015 13:55

and another disposal at book price :-)

[senor_sensible] 22/6/2015 08:24

hxxp://spanishnewstoday.com/former-polaris-world-resort-commercial-centre-sold-to-chinese-investors_21655-a.html?Banner=60#.VYe38qNwamQ

Can they come an have a look at Alph's portfolio if not already looking.

[senor_sensible] 22/6/2015 08:16

those strong Chinese yen are being used to buy up cheapo EU commercial property, one site I was looking at near Alhama has just been snapped up at over the asking price. Seems to be similar thing going on through out europe

[senor_sensible] 12/6/2015 13:39

Company might try to hide the rising cash in the bank value but there is more than 1 way to skin a cat :-)

[senor_sensible] 05/6/2015 09:18

property is valued at 271.2m, Debt is 271.5m.
Overall yield is approx. 8.3% (22Mil per year)
Average interest rate charge is 5.71% (-15.5Mil)
Investment manager fees approx. 2Mil per year
so potentially still cash generating at 4.5Mil per year

Adjusted NAV will include some statutory losses, the company has not reported the cash in bank position nor the un-adjusted NAV.

the 2014 FY has 12Million cash in the bank, I expect this to be approx. >14-16Million Million now which equates to about 8x market cap.

Company are rightfully very bearish about the numbers, they have to make sure they do not over egg the company whilst there is this much debt. but if re-financed properly this will be 10Bagger in no time. And if all properties are sold off there is potential 5-10Mil to divi between shareholders, again this is 3-5 time current share price

Also worth noting the following:
1. effect of exchange rate, once Greece is sorted out this will strengthen the Euro to £ making the NAV increase just from Exchange rate movements
2. QE in Europe is starting to have an effect, they are seeing growth in france and spain and the number of mortgage approvals in spain in the last quarter is up, along with property prices.

IMO anyone holding should just come back in a years time and see what is happening, no point selling just after the bottom.

Speculative buy still!!

[senor_sensible] 03/6/2015 10:11

Seems to be some interest in this stock again, agree we could do with getting rid of barx but at least it looks like an orderly sell off, and with eu and france economy improving this company just needs time on it's side, which Barx appears willing to give (albeit as some cost). Still a speculative buy from me

[fenners66] 11/5/2015 12:44

Got to say I was shocked to see these up this morning- why would having to agree to continued penal interest and charges , because no one else wants to lend the money - be a good thing for shareholders?
And down it goes when reality sets in.

[mgalle] 09/5/2015 09:09

From the news item listed on the site it appears there is no white knight lender despite QE, but Barclays want an orderly sell off of the property. Alph say they are being charged another 2% by Barclays for this extension (It was a million last time and shorters thought that wiped the shareholders out) until October and everything is now up for sale.

[senor_sensible] 06/5/2015 13:09

New finance deal by Monday required.

[senor_sensible] 24/4/2015 07:47

rns later? or on Monday?

[mgalle] 16/4/2015 18:32

Seems strange to me, why would Nokia buy them and then close them down? Alcatel Lucent will have a contract but they could break it, at a price. Seems a bit early for such a decision to have been made.

At this stage all that matters is if Alph can get an affordable loan/mortgage. If not how is the property going to be disposed?

[sleepy] 16/4/2015 18:01

My understanding is that the Alcatel Lucent property is held for sale and has been actively marketed for disposal

[senor_sensible] 16/4/2015 10:46

Nokia could not afford to lay off the French staff, their employment rights are unbelievable.

Perhaps Nokia will be moving some of their R&D from Ulm in Germany, and Oulu in Finland to France where ALU has been making good progress recently. ALU has good exposure to the US market which is showing good growth for the future.

[red army] 14/4/2015 11:38

JIMCAR

The "fall" has been going on for years.

[jimcar] 14/4/2015 09:58

Is the fall on the Nokia bid for Alcatel Lucent? I would have thought the French would insist on AL's base being maintained.

[sleepy] 01/4/2015 19:39

Well Señor as you thought these were a bargain at 15p you are likely to have a long wait

[senor_sensible] 01/4/2015 09:25

...:-) just took some really good profits on an oversold stock > 1000%. just waiting for this to deliver me the same sort of performance...

[senor_sensible] 30/3/2015 08:40

If the currency hedge was closed in the last month the company would have been 25 Mil better off, barx were the dealer with a bent deck of cards.

[pugugly] 27/3/2015 14:30

€ fallen against £ so now looking very sick (imo) for the share price as all assets are in Euroland.

On the otherhand now a lot cheaper for $ denominated funds to buy - Any bidders at 2 US cents per share ??

[senor_sensible] 17/3/2015 10:32

No the hedge is closed, hence the 25 mil settlement to barx, should have extended that by a year instead......

[sleepy] 17/3/2015 10:07

Are they still hedged against changes in the €/£ rate?