Atlas Estates Share Discussion Threads

[rbcrbc] 31/1/2008 19:08

Did these guys ever list in Warsaw by 31 Dec as they said they would ?

I cant see any RNS about it?

[rogerbridge] 31/12/2007 11:28

Livermore in again.

[davebowler] 13/12/2007 14:23

LIVERMORE INVESTMENTS GROUP LIMITED ('LIVERMORE




( Their business is 'Provision of marketing services to the online gaming industry, and the operation of online gaming' )




Acquisition of Significant Share position in Atlas Estates Ltd. ('Atlas')


Pursuant to its announcement of 7 December 2007, Livermore today announces the
acquisition of an additional 1.87% of the issued share capital of Atlas Estates
Limited, by means of the purchase of 905,000 issued ordinary shares in Atlas.
Following this purchase, Livermore holds 10.28% of Atlas's issued share capital.


Atlas is an AIM-quoted real estate investment and development company. Atlas's
strategy is to build a high yielding investment portfolio and generate
additional capital gain through development projects, with a focus on
residential development. Its activities are focused in Central and Eastern
Europe, excluding Russia and other former Soviet Union countries. Its current
assets are located in Poland, Hungary, Slovakia and Romania. In the eleven
months to 31 December 2006 Atlas made a loss before taxation of Euro9.1m and at 30
June 2007 Atlas had net assets of Euro253.2mt.

[rogerbridge] 06/12/2007 22:05

Interesting, thanks

[davebowler] 06/12/2007 11:00

Found it.


Ocif Investment & Development Ltd. is a real estate development company. It constructs and manages residential and commercial properties including shopping and business centers and parkings. The company was founded in 1956 and is based in Ramat Gan, Israel.

[davebowler] 06/12/2007 10:56

Who is Ocif?

[rogerbridge] 18/10/2007 18:41

Undervalued!

[davebowler] 24/9/2007 10:38

NAV now £3.62-so share price is at a 20 % discount.


LONDON (Thomson Financial) - Atlas Estates Ltd reported a first-half to
end-June 2007 pretax profit of 27.7 mln eur, compared with a loss of 9.5 mln eur
for the 11 months of trading in 2006.
It said the profitability has been achieved mainly due to a 34.8 mln eur
valuation increase recorded within its investment portfolio.
Net asset value per share increased 13.3 pct to 5.20 eur from 4.59 eur as at
Dec 31 2006, the company said.
The company also declared an interim dividend of 8.32 euro cents per share.

[rogerbridge] 24/9/2007 08:01

Excellent results at first look. Nice increase in dividend.

[rogerbridge] 04/9/2007 18:16

Nice to see your name Hectorp

[hectorp] 04/9/2007 11:05

Extreme rise very recently.. I'll wait a bit..
On watch.

[qs9] 04/9/2007 07:22

ANyone think this will push through £3 soon? WIll then be at around a 20% discount to NAV IMO at that price? What are other similar stocks sitting at in terms of discounts anyone know?

[qs9] 31/8/2007 23:43

If NAV nearer £3.70 and rising, then at £2.80 still not bad value IMO.....hopefully see more on MOnday and next week.

[rogerbridge] 31/8/2007 18:13

Just my luck. Have some funds available on Monday for a top up and us shge goes today. Never mind still happy to see the rise. Good value here.

[qs9] 31/8/2007 09:21

GOod articles above, I am in as this looks like a big opportunity to take advantage of an oversold stock IMO. Happy to wait for next results as well to show reported NAV.....thanks for analysis above.

[rogerbridge] 31/8/2007 07:59

Nice dividends to come too.

[chuckie egg] 30/8/2007 22:58

LONDON (Thomson Financial) - Atlas Estates Ltd said it has received an updated valuation for its 100 pct holding in the Volantari land in Romania, which comprises of three plots of land, with a total surface area of 99,116 square metres.

The property investment company said Voluntari land is now valued at 29.7 mln eur, representing around 300 eur per square metre of land, compared to the previous valuation of around 90 eur per square metre.

Amos Pickel, CEO of Atlas Management Company Ltd said, 'This valuation confirms the quality of this land, the rejuvenation of the area in which it is located and the massive growth of the Romanian market.'

Atlas bought 60 pct of the land in June 2006 for 90 eur per square metre, and in July 2007 bought the rest for approximately 216 eur per square metre.




This means an increase of €15.2m (£10.3m) since last valuation on 31/12/06. This equates to an increase of 21.1p in NAV or 14.8p in NAV @ 30% Tax. I assume that Atlas will be tax efficient, so the uplift in NAV will be towards 20p. If Atlas was trading on a similar rating to Dawnay Day Carpathian (DDC), then Atlas share price should be nearer to 370p.

[sammu] 30/8/2007 22:26

Interesting that the biggest rise in the share for 4 or 5 months happens a few hours BEFORE the announcement of a significant RNS regarding a revaluation.

I happened to top up my holding a little this morning by chance, but I would imagine that some of this afternoon's buyers knew a bit more than the rest of us.

[rogerbridge] 30/8/2007 18:49

Even better value now

[davebowler] 30/8/2007 16:32

Nice rise.

[sammu] 27/8/2007 22:23

The discount to NAV is bigger than the likes of British Land, but prospects (NAV growth) here seem much more interesting.

[isa23] 16/8/2007 15:34

If I'm not mistaken, last NAV was 366p . Assuming no rise at all, it is now trading at a discount of 38.5%!!! and with divi set to rise this year (to 6 ot 7%??) that's a no brainer to me IMHO