Atlas Estates Share Discussion Threads

[isa23] 16/8/2007 13:19

topped up today. These bargain ptices won't last for long. Happy to buy more if it drops any further

[davebowler] 16/8/2007 12:56

Dirt cheap now!

[oregano] 01/8/2007 15:08

strange they aren't buying shares in when it is at such a big discount to NAV, and they have bought before above this level.

[ptolemy] 27/6/2007 13:35

Last line of latest RNS re FD says "listing on Warsaw exchange".

Looks like it will go ahead soon...........

[rogerbridge] 11/6/2007 19:46

Far too low a price. Bought in for the long term.

[ptolemy] 31/5/2007 16:17

Poland economy grew 6.3% in Q1! Roll on the Warsaw listing.....

[ptolemy] 11/5/2007 14:22

Talking to myself again...but good to see ML increasing holding >9%. I continue to think this is one of the better European commerical property plays.

[davebowler] 06/4/2007 23:07

The adjusted NAV of the Group has risen sharply over the period to 31 December
2006. NAV immediately following the IPO and payment of the costs of listing was
€4.73 per share (£3.22 per share*). When including the uplift in the value of
the development portfolio, which cannot be credited to the balance sheet at this
time, adjusted NAV per share has increased to €5.42 (£3.66 per share*) or 14.6%.

[ptolemy] 04/4/2007 08:19

Good set of figures. Trading below NAV, margins improving and moving towards a 5% divi. Compares very well with other Eastern Europe Property Cos. Warsaw float will also help. A clear buy imo.

[ptolemy] 23/3/2007 16:11

Expecting good results on Monday. Share price now at float price a year ago but should be well below asset value. Expect good news on property yields and, therefore, divi..

Let's see.

[davebowler] 13/3/2007 10:27

Similar to our Atlas fund;



12 March 07


DAWNAY, DAY CARPATHIAN PLC

Twenty nine percent adjusted NAV uplift for Dawnay, Day Carpathian.


Dawnay, Day Carpathian PLC ("DDC" or the "Company") is pleased to announce that
DTZ Debenham Tie Leung Limited has completed its revaluation of the Company's
property portfolio.

The portfolio has been valued as at 31 December 2006 at #368.7 million, giving a
net uplift of #36.8 million compared to the 31 December 2005 valuation or the
purchase price if acquired thereafter.

The unaudited net asset value per share adjusted to exclude goodwill and any
deferred tax liabilities arising on the property valuations, has risen to
126.7p from 98.2p, an increase of 29%.

Non adjusted, unaudited net asset value per share has risen to 114.2 p from 97.4
p at 31 December 2005, an increase of 17.2%.

As noted in the trading update on 1 February 2007, the pipeline of potential
future transactions remains strong and now significantly exceeds the remaining
liquidity within the Company. In addition, as was also noted in the trading
update, a substantial number of forward commitment development opportunities
exist which the Company is seeking to pursue. Overall, the Directors'
objective is to ensure that the Company is able to maintain the existing
positive momentum.

Rupert Cottrell, Chairman of Dawnay, Day Carpathian said: "As we expected DTZ's
report has reflected the attractive transactions undertaken since flotation.
This valuation uplift is a positive recognition of the Company's acquisition
strategy and asset management capabilities. The immediate and longer term
pipelines remain strong and we look forward to providing further updates."

The financial results in this statement are unaudited, the audited preliminary
results for the 12 months ended 31 December 2006 will be announced in April
2007. A results date will be announced shortly.

[sammu] 26/2/2007 21:25

Hey Ram

Your safely stored notes are a useful resource, thanks.

Something I find quite incongruous is the valuation anomoly for the assets bounght by atlas from the three companies, that you highlight:

"ie paid equiv of euro84.6m for this seed portfolio which indy valued at euro223m - see 9 may rns"

Surely they wouldn't do this!?

From the May 9th rns:
"
3. On IPO the Company acquired a seed portfolio comprising a stake in assets
independently valued by Cushman & Wakefield Healey & Baker with a total
market value of Eur223m (£150m).

4. The Hilton and Platinum Complex was included in this valuation at Eur112
million (£75m).

5. In its seed portfolio Atlas held 33.33% of the investment in the Hilton and
Platinum Complex and 50% of the company that manages their development."


So as I read it it seems they only bought a %age stake in the seed portfolio, whether they were all 33% is unclear.

Anyway I picked some up a couple of months ago, as they seemed cheap.

Sam

[davebowler] 13/12/2006 13:57

Price now at Feb's NAV. Must be a good buy with all the intervening activity.

[isa23] 21/7/2006 15:43

RNS Number:5727G
Atlas Estates Ltd
21 July 2006


21 July 2006


Close period share repurchase programme

Atlas Estates Limited (the "Company") announces that it has commenced an
irrevocable, non-discretionary programme to purchase shares on its own behalf,
for cancellation, during its close period. The programme commences at the start
of business on 24 July 2006 and runs up to and including 21 September 2006.

Any acquisitions will be effected within certain pre-set parameters, and in
accordance with the Company's general authority to repurchase shares which
requires that the minimum price paid to be limited to no more than 105 per cent
of the average middle market closing price of the Company's shares for the 5
dealing days preceding the date of purchase. The Company confirms that it
currently has no unpublished price sensitive information.

Further enquiries: