Creo Medical Share Discussion Threads

[hmit] 15/1/2007 12:48

anyone got any idea as to when this will kick off again and any thoughts as to what price range given the rns? tia

[stuart14] 14/12/2006 09:37

CHINA REAL ESTATE OPPORTUNITIES S.A.


PROPOSED ACQUISITION OF BEIJING PROPERTY


China Real Estate Opportunities S.A. ("CREO") announces that it has today
exchanged conditional contracts for the acquisition of a property in Beijing,
China.


The property is a prime mixed-use development located in central Beijing, known
as the Xidan Centrepoint Shopping Centre, Office Complex and Hotel. CREO has
committed to purchase 100% of the property subject to a number of conditions
including the construction of the project being substantially complete and CREO
shareholder approval. The vendor is a wholly-owned subsidiary of China
Metallurgical Construction (Group) Corp, one of China's largest conglomerates
and a company controlled by China's central government.


Xidan Centrepoint is located in a prime location on one of Beijing's busiest
shopping and commercial streets, known as Xidan. The street runs north-south
approximately 1km directly west of the Forbidden City and Tiananmen Square and
approximately 1km directly to the east of the Financial Street district. The
property lies less than 100 metres north of Xidan (underground) Station.


The property covers a site area of 16,073 square metres and will when complete
have a total gross built floor area of approximately 194,949 square metres over
15 floors above ground and 4 floors below ground. Of this area, approximately
102,945 square metres is designated for retail, a 372 room luxury hotel
component comprises another 32,126 square metres, while an office component is a
further 15,858 square metres. 1,000 car parking spaces and ancillary uses are
designated for the remaining 44,020 square metres.


The property is currently under construction and is expected to be completed by
December 2007. CREO has agreed to pay a total price of RMB 3,742,520,000
(approximately #243.1m or Euro361.9m*) payable in stages as title to the property
is acquired and as the property is completed and leased out. An initial deposit
will be paid by the Company from existing cash resources amounting to RMB
187,876,000 (#12.2 million or Euro18.2 million).


Since this acquisition will be a reverse takeover under the AIM rules, pending
shareholder approval and completion of the acquisition, the shares of the
Company were suspended from trading on AIM with effect from 10.00 a.m. on 8th
December at the request of the Company.


A circular will be sent to CREO shareholders in due course detailing the terms
of the proposed acquisition along with an admission document. It is expected
that the shares in CREO will remain suspended until the acquisition has been
approved. CREO will be undertaking a fund raising in the New Year by way of a
placing of new shares to the market and a further announcement regarding this
will be made in due course


CREO is majority owned by the directors of Treasury Holdings ("Treasury"), Real
Estate Opportunities Ltd ("REO") and the directors of REO. It will be proposed
in the forthcoming circular that CREO will be managed by Treasury, Ireland's
largest property developer. Treasury owns 58.5% of REO's ordinary shares.


Treasury controls a large property investment and development portfolio across
Europe as well as very substantial interests in environmental technology,
renewable energy and waste management. Treasury started operations in China in
2002 working with Shanghai Industrial Investment Company, a company owned by the
Shanghai Municipal Government, on the development of the Chongming Eco City just
outside Shanghai. Since then, Treasury has expanded its business considerably
both in Shanghai and Beijing and 3 of the 6 executive main Board Treasury
directors are now resident in China to grow the business.

[777pb] 08/12/2006 14:39

After asking around it seems that the market concensus is that they have asked the the Exchange to suspend their shares as they will have some very large news to come and don't won't their share price manipulated in anyway. Some poeple are hearing one large deal has been struck other's are saying up to 3 deals and a broker change.
All speculation I guess but one things for sure we're probably going to see a new trading range for this stock, the chances are higher hopefully.

[stuart14] 08/12/2006 10:04

This has to be one of the strangest companies on the AIM. Floated at £1, flew to an intra-day high of £14, have yet to release any news at all, and are now suspended.

[vision88] 25/10/2006 16:33

we are on a roll

[777pb] 24/10/2006 16:38

Not yet, they're still to announce their first few deals yet but they're definitely in an interesting place. Still people talking them back up to the dizzy heights of this spring (£13-£15).
Interesting that on any real mark down like yesterday buyers comeback with avengence. Glad to see the mm's have reduce the spread to 100p from 200p, could still be reduced to attract more business though.

[flashheart] 24/10/2006 15:36

Does anyone know if there is an expected or projected dividend with this stock. Thanks in advance.

[gb2005] 29/8/2006 21:04

hmit,

Cited from RYF Horney, REO's chairman, in the April 06 final result :


"China
Along with other Board members, I visited Shanghai in October last year with a
view to your Company investing in a new vehicle to investigate property related
opportunties in Shanghai and elsewhere in China. We were impressed by the scope
of opportunities which exist and by the commitment Treasury Holdings has made
over the past several years to developing high level relationships in China.
Treasury Holdings has since announced the establishment of its own branch
office in Shanghai. On 22 December 2005, we invested £4 million to acquire a
26.1 per cent. stake in an AIM listed cash shell, China Real Estate
Opportunities S.A. (CREO) and Richard Barrett and I have both been appointed to
the Board of CREO. The shares in this company have subsequently traded up to a
multiple of the subscription price, although on a prudent basis the Board of
Real Estate Opportunities is valuing the investment at the subscription price.
We await with interest further developments on this investment."
You know property will not move as same as production capacity, look around you for "crazy" property prices.

I think between 650 and 725p is a relative good level to come in, if nothing else hadf caused further drop ... REO is specialists, and successful in the property investment, their boards would not plunge 4m for 26% stake if they think the china idea is insane (they would ask for 50% or 75% stake because of risk grade)

[hmit] 30/6/2006 23:25

just read in the biz section of the Irish Times today that "treasury holdings got outline planning for 18,000 housing units on Chonming island off shanghai....Treasury is funding its move into the market through its publicly quoted vehicle China Real Estate Opertunities.....target for December 2007 was a market capitalisation of €3 billion...." at the current share price it appears this thing is seriously undervalued.

[zowiecavie] 09/5/2006 09:36

like now ! crazy spread though

[zowiecavie] 04/5/2006 10:38

imho market makers are short and have taken a beating on this one. best time to buy is when they mark it down dyor

[hmit] 03/5/2006 10:24

what gives with this share....no assets, no cash.....zilcho that I can see yet the share price has had a meteoric rise to say the least on no news, no pr's, zero acquisitions nor even the merest hint of one and again today a sharp rise on diddly volume. Any one got any info? TIA

[cezary] 02/5/2006 18:37

Looking to acquire property for investment and/or development in China

[gateway3] 21/4/2006 18:30

was nervious this might be a new wave upppppp

[goldstar] 19/4/2006 12:17

back down we go !!

[zowiecavie] 18/4/2006 11:36

also check out NMLS.L looks interesting DYOR

[zowiecavie] 18/4/2006 11:35

quotes_4_U how many did u go short of ! as i said fortunes favour the brave. looking forward to some news

[roberto999] 13/4/2006 21:35

Also look out for sweet china , when it comes back with a rev-takeover..

[gateway3] 13/4/2006 21:31

forget it no ones knows zilch this is a one off 500 shares and see £25 it already hit £15 this morning its just ahead of itself

[eggbird] 13/4/2006 20:55

next one to fly is CWO.......shina wonder!! results expected next week, if last year is anything to go by!

[sven2006] 13/4/2006 15:33

in the words of a Virgin crew member " were going to crash !"

[billyjo] 13/4/2006 15:31

Right load of cack these chinese companies. Up tons one minute and down tons the next. Such unknown quantities with little or no company news makes them a complete gamble.

SELL!!! -before it starts to hurt!

[ju5tint] 13/4/2006 15:30

It would be financial suicide to buy in at these ridiculous levels!!