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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Empire Metals Limited | LSE:EEE | London | Ordinary Share | VGG3036T1012 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 9.38% | 7.00 | 6.80 | 7.20 | 7.10 | 6.50 | 6.55 | 9,088,266 | 15:50:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -1.16M | -0.0024 | -29.17 | 34.47M |
Date | Subject | Author | Discuss |
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23/11/2011 13:27 | Induna, That's Nonsense; there is life yet in the old dog. It has survived and it's gonna thrive... If you're not invested in it, why not go away? | daniel | |
09/9/2011 13:37 | Barnsey, you haven't done your research. I've said it before, these guys are technically insolvent. | induna123 | |
12/8/2011 10:38 | Spike time ? | kinghorm23 | |
26/7/2011 14:31 | Look's to be holding gains made yesterday and hopefully today, gives the feel it could fly at any moment, who knows what a little good news might do. | barnsey | |
26/7/2011 08:50 | Because it is selling residential properties in a growing market and is sat on millions of pounds in assets and it is fully funded, it really is not hard to work out, strong buy at these levels, DYOR. | barnsey | |
26/7/2011 08:17 | Why is this one moving up today? Not much stock available, only 15,000 shares at 4p. | zendik | |
26/7/2011 07:42 | A lot's changed since then mate. Weren't these technically insolvent not too long ago? They couldn't pay their polish builders. | induna123 | |
26/7/2011 07:37 | Engel East Europe BUY 21/08/2006 A healthy set of figures from Central and Eastern European property developer Engel East Europe proves its capabilities and a whopping 1.2bn (£817m) sales pipeline provides an indication of its voracious ambition. The company is focused on residential properties and was established in 2000 as a subsidiary of Israeli property developer Engel Group, whose founder Joseph Engel is chairman and major shareholder of this venture. The company focuses on the Czech Republic, Hungary, Poland, Bulgaria, Serbia and Romania. Since floating on AIM last December with 10,000 units the group has secured nine new sites and, says finance director Nir Netzer, has 'at least 1,000' residential units in each of its territories, apart from pricey Serbia. Of recent deals signed Netzer is excited about one in particular, saying it's 'a lot better than the rest of the market is getting'. Heitman one of the biggest real estate fund manager in the US, if not the world, with $14bn (£7.7 bn) assets under management is pouring 22.4m into a second joint venture with Engel. House broker KBC Peel Hunt says such joint ventures, which provide up-front cash, helps Engel expand 'on a hugely cash efficient basis'. Management claim sales prices in much of Central and Eastern European have increased recently and are confident that their 'scope of activity will increase substantially in the near future'. Interim results to June showed net assets increasing 25% to 54.5m and net cash of 36m. Profit before tax of 12.1 was up from 1.8m on revenues up 147% to 23.2m. The company will pay a 0.021 interim dividend too. Previous earnings forecasts put the shares on a forward p/e of 11.1, but KBC has upgraded its pre-tax profit forecasts 21% to 19m for the full year. When earnings numbers are clarified the shares are likely to be on a p/e under 10. Buy. Sector: Construction & Materials Companies: Engel East Europe Market cap: £107.53mPE Forecast: 11.1 Share price: 122.5p Engel profits in the East BUY 06/11/2006 Sitting astride a 1.2 billion pipeline of Central and Eastern European property, Israeli-run Engel East Europe is one of the major residential property developers in the region. Finance director Nir Netzer reckons Engel may even be the biggest: 'we are involved in developing around 15,000 residential units and I'm not aware of many with even 10,000.' This helps to explain why it is winning some of the choicest slices of land. For example, Engel won the municipality of Belgrade's bidding round to develop the massive Marina Dorcol project. This will see a prime spot in the city's crowded Old Quarter on the banks of the Danube developed into a mixed-use development of 600 residential units, a shopping mall, restaurants, cafés, offices and a marina. Sales of 160 million are estimated, with remarkable margins of around 60 per cent. 'This is the jewel in the crown of Serbia, so why did the municipality come to Engel? Because we can deliver! From the municipality's point of view it is risky as they don't know the market and their currency is not the most stable. They needed a developer with a track record.' Led by executive chairman and 66 per cent shareholder Jacob Engel, who has 30 years' experience in the industry from building his Israeli business into one of the country's major players, EEE is capitalised at not much more than £100 million and operates in the Czech Republic, Poland, Hungary, Bulgaria, eastern Germany, Romania, Serbia and even, strangely, Canada. Most of these European economies are growing at rates of around five per cent and developers are benefiting from urbanisation and the desire of their more prosperous citizens to move into better housing. In some regions, inflation is driving up house prices too. The company has secured ten new projects since arriving on AIM, to add to its existing projects, with combined sales on these amounting to around 500 million (£336 million). Cash levels stood at 36.1 million at the end of June, although non-bank loans of 12 million have to be repaid. 'We're using our cash slowly and wisely,' says Netzer, 'trying to buy land in return for a percentage of sales so we're not paying too much [up front].' The Belgrade Marina project also demonstrated one of Engel's techniques for leveraging its own cash and minimising its risk, especially for tying up bigger deals. It sold a 30 per cent stake in the project for 11.9 million to a 'prestigious' emerging markets fund, which Engel estimates will produce pre-tax profits of 9 million. For other large projects Engel has been working with joint venture partner Heitman, a large US investment fund, which has poured in large amounts of money usually in exchange for 50 per cent of sales. Says Netzer: 'We like them as we're not as exposed we're booking profits from the first day.' Heitman is currently collecting cash for its third fund so more joint ventures could materialise in the future. Revenues for the first half were up 147 per cent to 23.2 million as the group completed the first phase of projects in Budapest and Warsaw and received the equity investment from the second Heitman joint venture. Profits before tax arrived at 12.1 million, above forecasts because profits were made on apartment sales that were not anticipated until the second half. The group even paid an interim dividend of 0.21c. Future payments may be withdrawn if a 'special opportunity' arises where the company chooses to put a much larger chunk of its own cash into a project, meaning 'shareholders will get a much greater share price,' says Netzer. Upgraded estimates for the full year from house broker KBC Peel Hunt, 46 per cent ahead of forecasts at the time of flotation last December, point to pre-tax profits of 19 million. Netzer boasts that current projects in development, even if not added to, would still easily justify investment in the company and Mike Foster at KBC agrees. Engel is going to buy more choice parcels of land, moving wherever the margins are best and according to KBC, expanding 'on a hugely cash-efficient basis'. The shares are languishing not much above the float price, which is too low considering the growth delivered and promised. Buy. Companies: Engel East Europe | readytotrade | |
25/7/2011 13:51 | Monday, July 25th, 2011 DescriptionGalleryVi APARTMENTS Emilii Plater 10 Warszawa, Śródmieści Engel East Europe-Poland Total price: contact developer Price per sqm.: contact developer Area: 44.30 - 124.70 sqm. Number of rooms: 1 - 4 Floors: 1..6 Completion date: completed Offer type: flat Net flat height: 2.75 m Investment all offers count: 74 Overground tier count: 9 Underground tier count: 2 Additional area type: balcony, other area: to 23.00 sqm. Storage area type: resident's utility room Garage: underground parking place optional payable extra Update: 2011-07-18 Contact the offerer name and last name phone e-mail address Entering phone number will quicken the contact message additional information: mortgage offer fit out offer oferta ubezpieczenia send me a copy of the message SENDSENDSEND Your personal data will be transfered according to site regulations Fit out redNet Dom Sp. z o.o. from 161 /sqm. FIND OUT! Oblicz swoją zdolność kredytową Print Take it to Google Earth Share it: unfold Current investment offer list class offer no. area rooms floor price per sqm. total price projection show details apartment 1.4.2 44.30 sqm. 2 3 contact developer contact developer apartment 1.6.3 48.10 sqm. 1 5 contact developer contact developer apartment 1.5.4 48.50 sqm. 1 4 contact developer contact developer apartment 2.7.2 48.90 sqm. 1 6 contact developer contact developer apartment 1.5.5 85.10 sqm. 3 4 contact developer contact developer apartment 1.6.2 86.90 sqm. 3 5 contact developer contact developer apartment 3.4.4 112.80 sqm. 3 3 contact developer contact developer apartment 1.6.1 114.40 sqm. 4 5 contact developer contact developer apartment 2.5.3 115.40 sqm. 2 4 contact developer contact developer apartment 2.4.3 117.00 sqm. 2 3 contact developer contact developer apartment 2.6.3 117.00 sqm. 3 5 contact developer contact developer apartment 3.2.1 123.60 sqm. 3 1 contact developer contact developer apartment 3.5.1 124.70 sqm. 3 4 contact developer contact developer apartment 3.6.1 124.70 sqm. 3 5 contact developer contact developer Finishing description Additional equipment: safeness installations ventilation sprinkler system smoke detector fire detector access control electric mains electrical installation without lighting entry phone structural cabling internet installation electricity services water points closed by valves plumbing from polyethylene sewage plumbing from PVC central heating with panel radiators hot and cold water meter electricity meter cold water supply hot water supply sewage plumbing sediment tank flooring smooth cement floor stairs wooden stair rails floor tiles stone floor walls plaster on walls wet plaster wall paint carpentry wooden window frames wooden entry door internal window sills conglomerate external window sills with galvanized sheeting galvanized steel coated ceilings suspended ceiling Engel East Europe-Poland investor 00-024 Warszawa, Al. Jerozolimskie 44 call the offerer www.emiliiplater10.p Engel East Europe-Poland real estate offers Kontaktując się ze sprzedającym, powołaj się na serwis tabelaofert.pl. W ten sposób przyczyniasz się do rozwoju portalu. Prosimy o to i dziękujemy. | readytotrade | |
25/7/2011 13:37 | i certainly would buystock and quickly | readytotrade | |
25/7/2011 12:05 | readytotrade is buystock | jonnyfro | |
25/7/2011 12:01 | he doesnt he told lies on PTCM bb.. isnt that right ready2pump? | moreforus | |
25/7/2011 11:53 | How do you know? | topinfo | |
25/7/2011 11:37 | Property sale news on the way £10.5m | readytotrade | |
24/7/2011 19:44 | "The good news about Poland is that house prices have been rising (by 8 per cent in 2010)" | roomb | |
22/7/2011 08:00 | This share is not without risk, but there is massive upside potential. That's why I'm a holder. | roomb | |
21/7/2011 21:53 | Strong growth predicted for Polish residential market | barnsey | |
21/7/2011 21:40 | Research for serious shareholders which gives a true reflection of sales in half year 2011. The market would seem to be still active with regular sales so far but dyor. | barnsey | |
21/7/2011 15:07 | Below is what they are actually doing not what some stranger on a b/board says they are doing after viewing his crystal ball. And believe me when they turn this round which they will because there are a lot of big players involved here and they will not let this fail you will be surprised at the share price reaction, for these reasons i am a buyer dyor. CHIEF EXECUTIVE OFFICER'S STATEMENT Gad Raveh Chief Executive Officer Despite the challenging environment, by focusing on key countries and carefully managing our resources, we expect to be able to maintain and expand our development activities and sales in 2011, as well as build a medium and long term strategy for the Group. This will be achieved by our intention to introduce new and innovative real estate activities, development of carefully chosen new sites and management of income producing assets. In doing so, we are implementing our expertise and track record experience, in the search and acquisition of depressed assets that have neglected and hidden high values. In the course of the last 12 months we have seen a slow, but steady positive change in the East European real estate market. There is an ever growing demand for small sized apartments which are affordable to a greater proportion of the population. This demand creates a requirement for a different kind of development of smaller apartments well adapted to the market, which can be developed and sold in a shorter time frame and at an affordable purchase price to a wider market. Whilst this change results in a lower overall level of revenue and profits per unit, these results are compensated by the shorter time required from inception to delivery. In these circumstances, we are tailoring our product to suit the current demand and have moved much of our focus in the light of these market trends, resulting in a lower financial resources requirement and a greater ability to increase our production capacity. Having said that, we have and are moving our attention and part of our action plan, including some of our resources, towards the development of a new division of income producing properties. This will prove to be an important angle, that will complement our traditional development activities, and will assist in our cash flow needs | barnsey | |
21/7/2011 13:11 | "but if and when it has disposed of eee assets there's nothing left other than a shell ?" Yes, but that's the risk. But it's not what they've said they're going to do : "GBES has agreed that Engel will be provided with sufficient financial resources to meet its short term working capital requirements, and ERD has initially made a short term loan of 250,000 to Engel. This will provide Engel with sufficient working capital to enable it to continue its programme of divesting itself from its non-core development projects and to focus on completing the development of the projects it believes will provide the best return for shareholders." There's also the possibilty that there will be much more left. EEE also has income, and has drastically reduced costs. See my post 780. What's your interest in this share? You clearly don't intend to buy any. | roomb | |
21/7/2011 12:45 | roomb - 18 Jul'11 - 18:20 - 775 of 781 "ERD not eee" yes, that's right. But ERD own most of the shares in EEE, so they don't want it to go bust. -------------------- of course not, but if and when it has disposed of eee assets there's nothing left other than a shell ? As a eee shareholder you are a debtor of ERD. The money went to ERD, not EEE. You never got anything in the deal. Nothing ! ! All that happened is they managed to continue as a going concern and could also sign off EEE accounts, had they not done so someone else would have taken their assets. | envirovision | |
20/7/2011 07:35 | I very quickly and roughly added up the value of the sold, reserved and pre-reserved flats in the this development and came up with a figure of roughly £5 million. I'm not sure what reserved and pre-reserved mean, but there is clearly potential for a much higher share price Perhaps someone would like to check the figures? By the way, when I was in the Czech Republic in 1996 I remember the exchange rate was about 40 Korunu to the pound-now it's 28. If the reserved/sold flats go for 5m, that's more than double the market cap of the shares. | roomb |
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