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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eredene Cap. | ERE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.00 | 4.00 |
| Top Posts |
|---|
Posted at 21/6/2015 19:25 by epistrophy Yes it does feel like a stitch-up. There's clearly value in the shares, but the heavyweight financiers behind the bid are the only ones who will benefit.Following the purchase of 57,055,568 Ordinary Shares the Concert Parties now own over 50 per cent. of the issued share capital of Eredene. There can therefore be no certainty that the current strategy of seeking to realise the remaining investments in a reasonable time frame will continue. There can be no certainty that Eredene will ever pay a dividend or return capital to Shareholders. Shareholders no longer have certain protections which were available to them before the admission to trading of shares on AIM was cancelled. I wonder if there are any major shareholders left who might kick up a fuss. I know Miton/Nick Greenwood owned 4%. jimbob, do you hold shares, and if so will you be accepting the offer? |
Posted at 10/12/2014 21:39 by epistrophy Yes, today was the final trading day before delisting.Interesting that the manager's employees have been picking up shares this week! |
Posted at 16/7/2013 10:28 by varies £20 million divided by 362m = c.5.5p per share. I wonder whether this will be paid as a dividend or if there will be a repurchase of shares at a premium as before.The fall in the rupee has spoilt our figures and I am not happy to see administrative expenses of £4m incurred in 2012/13. All in all, I find this report rather disappointing. |
Posted at 11/3/2013 07:48 by deepvalueinvestor I had hoped we could wait for an IPO of Ocean Sparkle but Standard Chartered Private Equity paid a higher price for their stake than we have on our NAV so we may get a useful boost if they have a buyer in mind. I guess it could be Standard Chartered Private Equity again! |
Posted at 15/1/2012 17:08 by topvest varies - I have shares in Hansa Trust plc and Utilico Emerging Markets - both of which are large holders in Ocean Wilsons. OCN has also been on my watch list for a while, and hoping to buy some of those as well as equity markets hit the next turbulent period. At the end of the day, emerging market stocks sell off rapidly in a mini-crash and then rebound quickly when we come up the other side. I'm waiting for such an opportunity and haven't bought hardly any shares for the last couple of months. Think it's too early on ERE and OCN to make my first investment at the moment. Think both are well placed medium term though, so will look to get aboard when an investment is compelling. |
Posted at 15/1/2012 15:42 by varies topvestI do hope you prove wrong in suggesting that the price might fall below 10p. One of my most successful investments over the years has been in Ocean Wilsons. 20 years ago most of their Brazilian business was in tugs but they branched out into running container ports and latterly service vessels for oil drilling and production rigs and seem to be doing well although the share price is 25% off its peak like so many others. The investment side of OCN, always a large part of the business, is run by Hanseatic Asset Management who seem very shrewd and OCN invested $2.5 million in Eredene on the placing at 18p last year; they may hold 5%. Nowadays it is rare for OCN to invest in individual quoted companies rather than managed funds and I take comfort in their having made this investment although it looks premature today. OCN's success with container ports shows that they understand this business well. I believe that ERE is currently unloved more because the price has fallen than for any fundamental reason and there may, for all I know, be a stock overhang. Putting one's money into container ports looks to me a surer way of participating in India's industrialisation than selecting individual manufacturers. Having started buying at about 23p, I have been topping up at 13.5p but I now have too much at stake to buy any more. So fingers crossed ! |
Posted at 14/3/2007 17:41 by roodboy Hi Trendieive just started researching the various Indian property funds on AIM - i like the look of this one as they have already made 3 interesting investments ERE are one of the smaller funds but this is not necessarily a bad thing as it should be easier for them to be fully invested and not have dead money sitting in the bank also at the current price you can buy at the same price as those who bought into the original placing last year do you hold any of these? |
Posted at 13/3/2007 14:40 by roodboy Eredene Capital Investment in Indian TownshipRNS Number:2547L Eredene Capital PLC 31 October 2006 Eredene Capital PLC Announces third investment in Indian real estate *To invest approximately #2.75m for 35% stake in an integrated residential township in Indore, Madhya Pradesh State Eredene Capital PLC (Symbol: ERE), the AIM quoted Indian real estate investor, is pleased to announce it has made its third investment in Indian real estate. The Company has invested approximately #2.75m (Indian Rupees 233m) for a 35% stake in a Special Purpose Vehicle (SPV) to develop an integrated residential township located in a prime site on the outskirts of the city of Indore in Madhya Pradesh State. The township will be situated on a 100 acre site located off the main Agra-Bombay National Highway and next to the proposed MR-3 arterial road in the area of Bijalpur, some 6 km from the centre of the city of Indore. The site benefits from direct access to the city centre and airport. The site is also on the route between Indore and the 2,600 acre Special Economic Zone (SEZ) at Pithampur, which is one of the hubs for industrial activity in Madhya Pradesh State. The development will be a self-contained fully integrated township and is intended to include residential houses and apartment buildings as well as educational, medical, retail and entertainment facilities for the use of residents. It is anticipated that the project will involve the development and sale of up to 3600 residential units and the development and sale of up to 700 residential land plots. Construction of the project is expected to commence in Q2 2007 with a phased completion and with sales expected to commence in 2008. The project is scheduled for completion in 2011. Eredene's primary joint venture partner in the SPV is Entertainment World Developers Private Limited (EWDPL), an Indian real estate development company headed by Manish Kalani. EWDPL was incorporated in 1999 to develop and construct shopping malls, multiplex cinemas, hotels and large scale residential townships. Manish Kalani has a considerable track record in retail and residential property development in Indore and elsewhere in India. In early October 2006, Eredene announced a large mixed-use development in Indore to be developed in partnership with EWDPL. Saffron Capital Advisors Limited sourced, evaluated and advised on this transaction. Saffron has a highly experienced and talented team specialising in Indian real estate investments in the retail, commercial and residential sectors. Eredene and Saffron entered into an Investment Advisory Agreement in April 2006. Following this investment, Eredene will have invested approximately #13.63m of the #57.1m (then equivalent to approximately US$100m) that it raised in April 2006. Accordingly, Eredene has invested approximately 24% of the fund that it raised in April 2006. Commenting on the Company's latest investment Alastair King, Founder and Chief Executive of Eredene, said: "We are very pleased to announce our third investment. This again demonstrates our ability to deploy Eredene's capital in potentially valuable investments in India's tier 2 and 3 cities where we believe long-term growth and value lies. We have now committed approximately 24% of the funds raised in our April 2006 fund-raising and we intend to continue to invest in projects which represent good opportunities for Eredene." Indore Indore is the largest city in Madhya Pradesh State in central India. It has a population of over 1.2 million (as per 2001 census) and is well known as the commercial capital of the state. The city is located approximately 524km from Mumbai and approximately 674km from New Delhi, and is well connected by rail, road and air to other cities in India. The project lies close to Pithampur, referred to as the "Detroit of India", which is one of the largest automobile manufacturing centres in Asia and is home to leading automotive companies such as Bajaj, Eicher, Hindustan Motors, Kinetic Honda and Bridgestone. Indore has the first green field Special Economic Zone in India and is one of the largest manufacturing locations in Asia for basic and bulk drug formulations. The city has a number of educational institutes including an Indian Institute of Management. - ends - |
Posted at 13/3/2007 14:39 by roodboy Eredene Capital AcquisitionRNS Number:9489J Eredene Capital PLC 04 October 2006 Date: 4 October 2006 On behalf of: Eredene Capital plc ("Eredene" or the "Company") For immediate release Eredene Capital plc * Announces second investment in Indian real estate * To invest #6.65m for 30% stake in large mixed use development in Indore, Madhya Pradesh State Eredene Capital plc (Symbol: ERE), the AIM quoted Indian real estate company, is pleased to announce it has made its second investment in Indian real estate. The Company has invested #6.65m (Indian Rupees 570.5m) for a 30% stake in a Special Purpose Vehicle (SPV) to develop a combined retail, office, hotel and residential complex located in a prime site on the outskirts of the city of Indore, in Madhya Pradesh. The complex will be situated on a 19.52 acre site near the junction of the Indore bypass and the proposed new Major Route 10. It will include a 1,160,000 sq ft shopping mall, 343,750 sq feet of commercial office space, a 150 room 4 star hotel comprising an area of 125,000 sq ft and residential towers comprising of 500 units within a 760,000 sq ft area*. Construction of the project is expected to commence in April 2007 and the last phases of the development are scheduled for completion in early 2011. Eredene's primary joint venture partner in the SPV is Entertainment World Developers Private Limited (EWDPL), an Indian real estate development company headed by Manish Kalani. EWDPL was incorporated in 1999 to develop and construct shopping malls, multiplex cinemas, hotels and large scale residential townships. Manish Kalani has a considerable track record in retail and residential property development in Indore and elsewhere in India. Saffron Capital Advisors Limited, sourced, evaluated and advised on this transaction. Saffron has a highly experienced and talented team specialising in Indian real estate investments in the retail, commercial and residential sectors. Eredene and Saffron entered into an Investment Advisory Agreement in April 2006. Following this investment, Eredene will have invested approximately #10.88m of the #57.1m (then equivalent to approximately US$100,000,000) that it raised in April 2006. Commenting on the Company's latest investment Alastair King, Founder and Chief Executive of Eredene, said: "We are very pleased to announce our second investment. This is a further demonstration of our ability to deliver on our stated strategy of investing in growing Tier II and Tier III cities in India and, with the support of Saffron, to deploy in this market." Indore Indore is the largest city in Madhya Pradesh state in central India. It has a population of over 1.2 million (as per 2001 census) and is well known as the commercial capital of the state. The city is located approximately 524Km from Mumbai and approximately 674Km from Delhi, and is well connected by rail, road, and air to other cities of India. Indore lies close to Pithampur, referred to as "Detroit of India", which is one of the largest automobile centres in Asia and is home to leading automotive companies such as Bajaj, Eicher, Bridgestone and Compton Greaves. Indore has the first green field Special Economic Zone in India and is one of the largest manufacturing locations in Asia for basic and bulk drug formulations. The city has a number of educational institutes including an Indian Institute of Management. * Figures provided regarding complex size are approximations - ends - |
Posted at 13/3/2007 14:38 by roodboy Eredene Capital AcquisitionRNS Number:7292I Eredene Capital PLC 11 September 2006 Eredene Capital plc *First Investment in Indian Real Estate Project *Investing #4.23m for 50% stake in large shopping mall complex development in Nashik, Maharashtra State Eredene Capital plc (Symbol: ERE), the AIM quoted Indian real estate company, today announces that it has invested #4.23m (Indian Rupees 372m) for a 50% stake in an SPV (Special Purpose Vehicle) developing an 800,000 sq ft shopping mall complex at a prime site in Nashik. Eredene's joint venture partner in the SPV is a well established business family with considerable experience in real estate development in Nashik. Saffron Capital Advisors Limited, sourced, evaluated and advised on this transaction. Saffron has a highly experienced and talented team specialising in Indian real estate investments in the retail, commercial and residential sectors. Eredene and Saffron entered into an Investment Advisory Agreement in April 2006. Letters of Intent/Memoranda of Understanding have already been received for approximately 39% of the available space to let. Many of these have been entered into with leading Indian retailers, including with anchor tenants. Nashik is a growing Tier II city and commercial centre in Maharashtra State, India. The project will be the first international standard shopping mall complex in Nashik. Construction of the project is expected to commence later this year and is scheduled to open in 2008. This investment was referred to as a potential project in Eredene's Admission Document dated 10 April 2006. Commenting on the Company's first investment Alastair King, Founder and Chief Executive of Eredene, said: "We are delighted to announce our first investment in an Indian real estate project. The project fits well with Eredene's stated strategy of investing primarily in growing Tier II and Tier III cities in India. Nashik is a city of great potential and we are pleased to be investing in the first shopping mall complex of size in the city. The investment clearly demonstrates Eredene and Saffron's ability to deploy in this dynamic market and marks the first step in building the Eredene portfolio." Nashik has a current population in excess of 1.2 million with a strong population growth record and an expanding middle class. It is located approximately 180 km from Mumbai (Bombay) and approximately 210 km from Pune and has been developing as a satellite city to Mumbai. It enjoys a strategic location on the central main line railway and on the Mumbai-Agra National Highway. This position has attracted a number of international companies, particularly in the engineering, pharmaceutical and automotive sectors. It is also a significant cultural and educational centre. - ends - |
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