Empire Metals Share Discussion Threads

[qipincha] 20/8/2009 09:35

Hi, you can use the main thread

[sparty1] 20/8/2009 09:18

Some days old now but imo the Worst is over for EEE and it is one of very few property shares still to be picked up for peanuts. Debt reduction , and the concentration on Czech republi and Poland a good move for the time being. The NAV of around 25p is way ahead of the share price of circa 4.5p .
An opportunity. :)

[qipincha] 18/8/2009 12:08

nasty mm will not let price go up unless he grab enough shares.

strong buy, but price fall!!!

Time Price Volume Value Buy/Sell Type
11:29 4.60p 4,200 £193 Buy O
11:17 4.63p 10,488 £486 Buy O
10:49 4.05p 37,038 £1,500 Sell O
10:41 4.63p 16,000 £741 Buy O
10:37 4.65p 25,000 £1,162 Buy O
10:30 4.65p 42,647 £1,983 Buy O
10:25 4.65p 41,918 £1,949 Buy O
10:06 4.70p 20,906 £983 Buy O
09:58 4.70p 12,327 £579 Buy O
09:51 4.70p 21,023 £988 Buy O
09:32 4.70p 10,000 £470 Buy O
09:20 4.50p 36,036 £1,622 Sell O
08:56 4.55p 4,323 £197 Sell O
08:21 4.55p 27,200 £1,238 Sell O

[flyfisher09] 17/8/2009 11:27

EEE half yearly report

[chrisis33] 16/8/2009 23:12

I'm personally happy to hold here - looks very undervalued to me.

[qipincha] 16/8/2009 23:11

also, please give the references or links of the figure you mentioned if they are real.

thanks.

[qipincha] 16/8/2009 23:10

envirovision,

I am confused. If you think this company is rubbish, why you are still here?

I will not spend time on stock I am not interested in.

[envirovision] 16/8/2009 22:44

Last one hit the nail on the head, this project will be sold at losss, remainder loan will be paid by the second loan plus sale proceeds left over, and then the company should go under there after upon that second debt. Theres no good news here, im sorry about that, theres simply no way out.

[envirovision] 16/8/2009 22:41

The drop in BG is around 40-50% dont kidaya self, its dire, some of the black sea areas and ski areas are seeing upwards of 60% or more as forced sellers of projects close out to stave of bankrupcy and those mid project are now bankrupt empty shells. For those who purchased private 06/07 its likely they will have to wait many many years before ever seeing their money back and as for those caught off plan, well their money is down the toilet as those developers have all vacated the face of the earth.

[chrisis33] 16/8/2009 22:33

Encouraging to hear qipinha ... last Monday's spike was ramped - but - on the basis of solid news.

Isn't there an AGM or an EGM tomorrow??

[qipincha] 16/8/2009 22:28

seems the property market in BG is better than in UK
Only 5-10% drop in house price there
and sofia is around 2000 euro per m2

[qipincha] 16/8/2009 22:00

Just found more information about Panorama project:

and this:


from these links, the approx value of the project is 20m, with 50% owned by Heitman, eee should get around 10m

[madmick] 16/8/2009 17:42

Just keep your fingers crossed that the property deal that is imminent goes through.
If it fails they will have to use the second loan, to pay off the first, (due end of sept.)

[lbo] 16/8/2009 13:20

Gloom lingers in Central Europe's economies

[theresearcher] 14/8/2009 14:16

looks very like this will be taken private.imho

[qipincha] 12/8/2009 12:34

mms may listen to what are you saying...and then decide next move

[bobsidian] 12/8/2009 12:26

Induna123

Yes. Probably the case.

I wonder if Techtip has moved on after job done yesterday or if VERY QUICK is an alias. Their similar curt manner suggests that this may be so.

[induna123] 12/8/2009 12:14

Bob, it's pretty obvious Very Quick jumped on the bandwagon when the price shot up. Now he's sitting on a loss and desperate to get more people buying again. This ramp will run out of steam soon and the mm's will walk the stock down to take advantage of the suckers and weak holders.

The only reason why people are buying today is because they think it's cheap compared to yesterday when folks were paying 10p a share. Next week 5p will look expensive when the price is 3p.

[bobsidian] 12/8/2009 12:08

VERY QUICK

Are you incapable of offering a valuable positive assessment of EEE.

Could you not perhaps comment on whether or not the developments that have been completed were funded off-plan and that a majority of those monies may already be on hand and may be available for release forming perhaps part of the secured deposits and escrow accounts held in the balance sheet of EEE. If that were so, would the riskiness of those projects not be mitigated ?

Or perhaps you could comment on those assets that you know to be free from security and are possibly available for sale - a sale that would release vital cash to settle debts that are falling due.

Or perhaps you could comment on whether or not it is the intention of the parent company to conduct its own capital raising exercise or asset disposal programme with the intent of routing substantial funds through to EEE to change the nature of its debt profile.

Anything constructive to offer ?

Or is "IN your dreams mate...Your loss mate" the full extent of your commitment to your "investment" ?

[very quick] 12/8/2009 11:30

Induna123: IN your dreams mate, This will be back to 10-12p at the end of the month.
Your loss mate. Thats the third numpty to be filtered.

[induna123] 12/8/2009 11:20

This looks like a classic pump and dump that's run out of steam.

Bobsidian makes a rather compelling argument that this company is build on debt and loans that can come crashing down like a house of cards.

Or would you rather listen to that foul-mouthed numptie Very Quick who rolls out the desperate "wait until the results at end of the month".

This will come crashing back down to 2p by the end of the month.

[felchandbart] 12/8/2009 10:36

To all you bottom pickers (or whatever the term is) I just want to say thanks for the tip off on another bb about eee. Got in late Tuesday and made a few bob yesterday. Couldn't care whether a share is a pump or a dump. If you buy it low and sell it high five minutes later, then what's wrong with that.

So my question, where's the next quick buck to be made. Any tips anyone?

[bobsidian] 12/8/2009 10:12

VERY QUICK

It is true that construction companies rely on significant funding to execute their business activities. That is all good and well when property is going through a boom phase or at least has a stability that can allow for a degree of certainty when forecasting margins of profitability. But when such certainty diminishes or worse it goes into reverse, all manner of problems tend to surface. Funding that was once perceived as secure by its lenders is no longer viewed in the same way.

Eastern europe has had its boom time. It too was fuelled by the ready availability of credit. Now that that has dried up it can take longer to sell developments and that delay in the release of working capital can put construction companies in severe financial difficulty. You then see instances of construction companies offloading entire developments for less than their cost of construction rather than spend time in selling them piecemeal thus more than sacrificing any profit on the development. Are EEE in just such a position ? Their share price performance over the last few months suggest that the stockmarket perceives just such a risk - this dubious short term bounce notwithstanding.

All imho.

[bobsidian] 12/8/2009 09:43

qipincha

Or it could suggest that the main parent company are at the limit of their liquid resources and are either unable or unwilling to extend further liquidity to EEE. That EEE feel the need to clarify the nature of guarantees in place when they were already outlined in their financial statements smacks of an attempt to remove some form of regionally publicised uncertainty.

As far as EEE - the share issuing entity - not being the parent company, it is unusual. To vary from the norm suggests that the actual parent company views the activities of EEE as ancillary to its main activity and as such may seek ways to insulate itself through subsidiaries from any risk that it perceives. That is perhaps suggested by them routing funds through subsidiaries rather than direct to EEE.

All imho.