Empire Metals Share Discussion Threads

[broad] 10/8/2009 15:44

5th on the percentage leader board.

[broad] 10/8/2009 15:19

There's only 2 sells today 50k @ 2.00p and 25957 @ 2.01p.

[qipincha] 10/8/2009 14:44

yes, agree.
not surprise to see a few sells when price up
they will regret what they did today soon

[qipincha] 10/8/2009 14:35

something wrong with iii website?

[envirovision] 10/8/2009 14:33

There is an overhang here from a few weeks ago, once its cleared it will fly

[currypata kai] 10/8/2009 14:23

yes somebody still has a lot to sell i guess

[broad] 10/8/2009 14:08

Sell buy limits

Sell 25k @ 2.01

Buy 250k @ 2.35

[qipincha] 10/8/2009 13:53

The only down side of the company,imo, is their poor dissemination of company news. The information on their website about the projects are limited. And the company share needs liquidity.

[qipincha] 10/8/2009 13:47

why doubt about eee, I have been involved in the jump of ipi, efd, ... and big jumper in other sectors, like barc. The common thing of these shares are they are hugely under valued! For eee, it may be the last and biggest cake left in the property sector! If you don't believe me, just compare eee and ipi, you will find out why eee is worth of invest. And check the link below, you will understand why I say that!



and compare with


with strong parent support, and good financial position, I have no doubt of eee at all.

[snurkle1] 10/8/2009 13:40

Thanks very much envirovision.
Have taken a small position to see where it takes me.

Good luck all

[envirovision] 10/8/2009 13:29

based on their financial report 2008,

At 31 December 2008, the Company had a total of €57.8 million in interest bearing bank loans of which €43.4 million mature within a year. €11.5 million is secured by the indirect parent company (Engel Resources and
Development Ltd). The remaining €31.9 million consists of non-recourse loans to individual project companies with the financial exposure for the Company, in each case, being limited to the value of the specific security pledged. The Company has given no security in respect of the bank loans provided to its subsidiary companies and jointly controlled entities.The Board believes that most of the projects concerned will generate sufficient cash to meet their obligations. In the case of certain
loans totaling €16.2 million (mostly relating to projects where construction has not yet started), it is unlikely that sufficient cash will
be generated to repay all the amounts that fall due in 2009 and the Company is discussing various options, including extension of loans,
with the banks concerned.


So they need to pay 31.9m euro back this year. The Panorama projects worth (a total of 210 units) around €15.4 million and the company has completed 291 units in Hungary worth at least 20 million. Thus revenue will higher than 2008 and the debt will be largely reduced. The remaining debt of around 16.2m euro is obvously easily managed and if not repayed can easily extended with bank at very low rates.

In conclusion a major turning point for the company. As you can see current market cap makes no sense at all with debt significantly reduced. (we shall see proof of that soon.) Next year, we shall see they may make significant money when property market picks up again.

[snurkle1] 10/8/2009 13:17

Can someone briefly explain what the pro's and cons to this share is please?
Debts, takeover, or any other bits in the mix?
TIA

[qipincha] 10/8/2009 13:02

yes!
today is a good start

[envirovision] 10/8/2009 12:56

can it make todays top riser by % ? Looks like people are waking up to this.

[qipincha] 10/8/2009 12:41

company net asset at least 25p/s

[envirovision] 10/8/2009 12:32

nice, 5p here we come imo

[qipincha] 10/8/2009 12:28

it's 2.5p now!

[qipincha] 10/8/2009 11:27

strong buy today, once mms run out of stock, it will go up ...

[envirovision] 10/8/2009 10:44

market cap 1.3M does not seem warranted by far, unless im being stupid here and missing something

[qipincha] 04/8/2009 22:08

market cap 1.3m !!!!
do u believe it?

[qipincha] 30/7/2009 18:26

just noticed that there are two big sales today, really incredible low price, 0.50p
must be someone need money urgent