Alpha Share Discussion Threads

[killieboy] 13/11/2015 19:15

With a market cap of £180,000 its a final goodbye.

[knigel] 13/11/2015 17:44

Shame - maybe there is value in keeping the stock market listing and becoming a shell - otherwise what's the point of keeping this company listed?

[alphahunter] 13/11/2015 17:37

That was long in the making.
I bought in when Alcatel consolidated their French R&D centres from 4 to 2, with many of the engineers and R&D staff being reallocated / transferred into ALPH's property. I sold out a few months later at a ~10% loss when I realise how the indexation worked on the baux commerciaux, and what the twelve month rolling period meant for the forthcoming rents.

Senior Sensible, I can't believe you are not somewhat related to one of the parties here. Apologies if I am wrong.

[the stigologist] 13/11/2015 15:06

lol take it from multiple bottom fishing loser Loverat

[loverat] 13/11/2015 14:43

This one has been a good trade from time to time but was not tempted into this recently. As BP says, always looked to be heading the same way as IERE.

Might be a last stand bounce at some point though.

[barnetpeter] 13/11/2015 12:11

Looks like this will suffer the same fate as Invista European Real Estate Trust (IERE) where they came out with a similar statement. IERE now in voluntary liquidation with no prospect of any shareholder return.


I lost on IERE...not invested here. It amazes me how these property companies can lose all ...everything.....and that the directors/management never ever think about resigning.

[senor_sensible] 13/11/2015 12:10

Barx already 25Mil up due to currency hedge, plus the additional punitive rate for extending finance. They are not taking a haircut here. there is another game being played and I think the PIs are being squeezed out of it. 10 mil ££ cash in the bank never makes it on to the trading updates. They will use our cash to buy the company.

[pugugly] 13/11/2015 11:58

S-S. For what it is worth my guess is that Barc are already in a loss position with their loan but have taken a value judgement that the haircut they will take by keeping ALPH in play is better than that they would take from selling the loan to a takeover vulture.

Suggestions as to the haircut required by a vulture range from 15% to 25% but they wanted full access to the books before making a proposal.

Note:_ The above based on rumour not fact and no reliance should be placed on it.

[8gggggggg] 13/11/2015 10:15

How good a covenant is Alcatel ?

[senor_sensible] 13/11/2015 09:41

MBO at firesale prices on the cheap here, watch this space. my guess is it will be supported by the bank who will re-finance once the PIs are pushed out.

Nothing to tempt new investors because the BOD control the quality and content of the RNS releases.

As always, PIs are canon fodder to the insiders.

[bishan bedi] 13/11/2015 09:33

Bit late for that now old boy

[senor_sensible] 13/11/2015 09:30

From Half year report:
As at 30 June 2015, the Trust holds cash of £9.9 million.
Market cap is <1mil

They only report this in Audited release and never mention it any other time. If LTV was 100% another company could take these over at this price and pocket 9 mil in cash in GBP not Euros.....

Got to question why they never confirm the cash position, even when you phone them up.

[swizz] 13/11/2015 09:10

8g, - That is part of my thinking and why I have taken a position, this could be re-packed in the fullness of time into a New Co and the listing may be perceived to have some value....GL S

[8gggggggg] 13/11/2015 09:07

Is there any vales in the losses for tax purposes that could be used ?

8g

[senor_sensible] 13/11/2015 08:58

And why do they always shy away from informing the market about the cash position !!!!!!!

[swizz] 13/11/2015 08:49

As it currently stands it is a complete basket case, but at this level it may just attract a shellmeister, as a result of the ltd share equity and the sector, with the recent rules on shell companies may make it attractive to someone?...just a punt with fun money IMHO.....GL S

[senor_sensible] 13/11/2015 08:27

It was always the risk most were aware of, strange how they have not suspended the shares though.

[specuvestor] 13/11/2015 08:00

Looks like this will suffer the same fate as Invista European Real Estate Trust (IERE) where they came out with a similar statement. IERE now in voluntary liquidation with no prospect of any shareholder return.
I did have high hopes for recovery a few years ago but the interest rate swaps have killed off the company. Well done Barclay's.

[hosede] 13/11/2015 07:43

Todays statement
"The board does not expect there to be anything left for shareholders after the properties have ben sold and the bank repaid".
Most of us realised that some time ago. Amazed share price hasn't fallen to zero

[cyberbub] 13/11/2015 07:43

Update this morning... no real change... We all know this is a gamble. There is a good chance of losing your money, but equally it would not take very much at all (A couple of properties sold for slightly more than expected... A favourable exchange rate move... whatever) to end up with a measly £5M in the bank after the sales process is complete... which would be a 5-bagger from 1p...GLA NAI

[pugugly] 13/11/2015 07:43

You were warned !!

SALES PROCESS IS UNLIKELY TO RESULT IN ANY RETURN TO ORDINARY SHAREHOLDERS

· ADJUSTED NAV* 0.0 PENCE PER SHARE AS AT 30 SEPTEMBER 2015 (30 JUNE 2015: 2.4 PENCE PER SHARE)



The uberbear.

[neil9574] 06/11/2015 16:26

Thought we were going to get a blue day.. Oh well look forward to news next week..

[cyberbub] 06/11/2015 15:44

Oh well that didn't last long LOL.. at least we're getting a bit more liquidity?

[cyberbub] 06/11/2015 15:20

Encouraging buying here for a Friday afternoon... last chance to get in before an announcement next week maybe?No advice intended

[senor_sensible] 05/11/2015 09:36

:-))

Debt is in Euros:

Further to the announcement on 8 May 2015 regarding the extension of the Trust's loan facilities with Barclays Bank PLC ("Barclays") to 15 October 2015, the Board of Alpha Pyrenees is pleased to report that a new extension has been agreed and the maturity date of all its borrowings (€257.8m) is now extended to 15 April 2016.

Cash held in £