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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| East Balkan | EBP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 |
| Top Posts |
|---|
Posted at 20/1/2009 16:09 by praipus LBO fascinating stuff. Amusing that Moody's and S&P rated CDO's so highly now look at the mess we are all in. Who's paying for the research and whats their agenda? Do take a look at the IMF's website and at Romania's balance of payments. Relative to popuation they are not too bad compared to the UK or USA. Got EBP via a Utilico UTL holding but watch with interest here just in case there is an up turn, got to happen sometime. |
Posted at 14/12/2008 19:53 by jpmorgan Just did monthly check on EBP. Sale of biggest asset at Mkt price with associated debt, giving fresh equity and removal of cashflow issues should support development projects which should be good news for the share price long term. Carousel as big investors, seem to be playing the long game which should be good for all on a 3 year view. Dont expect lots of movement in share price for while, until things improve in terms of finacial liquidity in the markets, then this one should progress. JPM |
Posted at 13/4/2008 19:39 by jpmorgan Lots of clued up investors spending cash on equity holdings in EBP...enough said DYOR. |
Posted at 29/8/2007 17:35 by labatie But EBP is involved in commercial, not in housing |
Posted at 26/7/2007 10:56 by slapdash amazing how a stock goes from being tipped in IC and everyone's favourite company with great prospects in an area everyone loves.. property and emerging markets..then suddenly.. it is not property that is overgought and that run has ended.... and they change strategy and eveyone is annoyed at no dividend growth.. shows how sentiment/psycology drives stuff.... where will she bottom?? Well I'm guessing the next interims might provide some kind of boost.... I think below 90p is a little cheap.... given yield.... so I would say we are almsot there unless there is a market set back.. Slapper |
Posted at 30/4/2007 08:45 by labatie Does anyone know if Oriel Secs or anyone else have published anything on EBP since the figures? Nothing on EBP website at present. |
Posted at 19/4/2007 08:43 by lbo Equest BalkanOur view: Buy Share price: 121.5p (+1p) Equest Balkan Property is fast becoming one of the biggest players in the Balkan commercial property arena. Yesterday's full-year results from the AIM-listed company underlined this fact. In the 12 months to 31 December 2006, Equest bought 239m-worth of property in the region. These assets have already been re-valued and are now estimated to be worth 272m, an uplift of 33m, or 14 per cent. This leaves the group well positioned to reach its target of having a 400m portfolio this year. The bulk of its assets (over 80 per cent) are in Bulgaria and Romania. Both countries joined the European Union in January. Their economies have been booming for years, and are tipped to continue to do so. Equest owns shopping centres, hotels and warehouses in both. A skilled investor, the group tends to buy properties for which it has tenants already lined up in advance. In this way it avoids speculation - it does not make purchases and then hope that it can find someone to rent the site, as many of its rivals in the region do. Property in Bulgaria and Romania is not only far cheaper than in western Europe, but is also cheaper than in the Czech Republic, another former Soviet bloc country that is now in the European Union. However, Equest believes there is even better value to be found in the former Yugoslav republics of Serbia, Macedonia and Croatia, which at present stand outside the EU. It is to these countries that the group is now looking, and alongside its annual results yesterday it unveiled the 7m purchase of an office block in Skopje, the Macedonian capital. Economic conditions in the Balkans have probably never been better. The region has embraced the free market as never before, having suffered terribly for decades under Communist state planning. Yes, there are risks for investors. Corruption is a major problem. Also, the local legal systems often take years to settle simple disputes. However, Equest has so far avoided these pitfalls, thanks to the extensive experience of its management team in the region. As well as the prospect of significant capital growth over the long term, Equest shares offer investors a dividend yield of 7.5 per cent based on the stock's 100p float price. |
Posted at 18/4/2007 14:39 by labatie I don't know if you've seen research by Oriel Secs(who I think are the shop) on the Equest website, www.equestbalkan.com |
Posted at 18/4/2007 07:42 by slapdash ur results are supposed to be out today:16 February 2007 EQUEST BALKAN PROPERTIES PLC Year end trading update and announcement of new investment Equest Balkan Properties plc ("EBP" or the "Company"), the specialist property investment company focused on commercial, retail and industrial property in South Eastern Europe today announces an update on its first year's operations. This update is being provided in advance of EBP's preliminary results announcement for the period from incorporation to 31 December 2006, which will be issued on 18 April 2007. |
Posted at 19/2/2007 11:04 by lbo Equest Balkan Properties says pipeline remains strong Equest Balkan Properties said in a press released quoted by news agency Dow Jones last Friday that its pipeline of new opportunities remains strong comprising investment properties and related capital expenditure of around 50 mln euro which will take total investment and related commitments to 400 mln euro within the next few months. The portfolio is performing to expectations and the management remains focused on enhancing the value of the portfolio through active asset management at our income producing properties and active project management at our development schemes. The company said it achieved stabilized occupancy levels at both the City Center Mall in Sofia and the Moldova Mall in Iasi, and both are now attracting strong footfall. EBP has commissioned CB Richard Ellis to provide an updated valuation on the portfolio for the year end accounts. As a result of strong market conditions throughout 2006, it is expected that the report will show a significant improvement in the underlying value of the company's portfolio. The company is currently working on a number of asset level financings in order to refinance the purchase price of certain investment assets and on the development assets to raise debt capital for the development activity that needs to be made. The first of these financings is expected to close in the first quarter of 2007 and is targeted to raise around 15 mln euro. These financings are in addition to the 81 mln euro long term debt financings secured on the City Center Sofia and Moldova Mall announced in August 2006. EBP has also announced the acquisition of a 75% majority stake in Trigon Properties, the sole owner of Man Construct-UN-Impex SRL, a Romanian development company that is developing the Europark multi-storey car park project in central Bucharest Equest Balkan says property portfolio performing in line LONDON (AFX) - Equest Balkan Properties PLC said its property portfolio is performing to expectations. It also said it has acquired a 75 pct stake in Trigon Properties BV paying 2.75 mln eur initially, which is subject to a further investment of about 16 mln eur for an Europark multi-storey car park project development in Central Bucharest. It plans to raise 15 mln eur in the first quarter, saying this is in addition to the 81 mln eur long term debt finance it had secured earlier. The property investment company said it still expects to pay a dividend of about 7.5 pct of invested funds for the year to Dec 31. Chairman Lord Anthony St John of Bletso said the company's pipeline of new opportunities continues to remain strong. Total investments and related commitments will be around 400 mln eur within the next few months, the company said in a statement. It will announce its full year results on April 18. |
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