Eur.Conv.Dev Share Discussion Threads

[greedfear] 21/1/2014 13:30

Thank you sir! Makes me feel a little bit less lonely. :)

[hoveite] 21/1/2014 13:18

I'll join in the moaning ....

I hate that the only way to deal in this stock is through market makers. I really can't see the justification for not having an electronic order book for all AIM stocks.

[greedfear] 21/1/2014 12:37

Market makers playing dirty games. They have no shares. One who wants to buy has to pay a premium. Currently 93,283 bought @ 0.0651.

So why do they pretend to be on the offer @ 0.06 ?

Very unfair. Doing no just to the real market situation.

[greedfear] 20/1/2014 17:58

In that case the broker's nominee account name should be revealed.

Factually, the directors know who has bought. Our directors "are" Charlemagne as were the sellers.
No doubt this trade was agreed upon between C. and a third party, I don't believe for one second our directors would have no knowledge of the identy of that third party.

Maybe an RNS tomorrow..?

[hoveite] 20/1/2014 17:37

If someone has bought through a nominee account and not told ECDC who they are the directors of ECDC might not know who the buyer is yet.

[greedfear] 20/1/2014 16:36

Rule 17 AIM rules for companies: "An AIM company must notify without delay: (...) any relevant changes to any significant shareholders (..)

ECDC, what's holding you up? Comply to the rules and let the market know who bought from Charlemagne!

P.S. Someone had to pay 6.24 while the offer was 5.75 just to get 67.961 shares.
It looks like there are not a lot of shares available to buy.
I most certainly will not "give away" my shares like Charlemagne did.

[greedfear] 16/1/2014 14:37

Hm. Sometimes (well not really, it's more like becoming a rule) only sells are shown and the buys are reported late.
I've seen that numerous times and that could be going on here too.
I could be wrong, but somehow I don't think so.

[greedfear] 16/1/2014 14:19

If I were the big fish I know I would try to discourage people buying.

As I'm not: DYOR and then buy! Just kidding.

[greedfear] 16/1/2014 14:15

You've got to laugh about it, suddenly a real big buyer enters the playing field paying 0.0535 (a steal), no serious sells for months and once people know there might be a big buyer out there they decide to sell today at 0.05 (an 80% discount to nav).

Yeah, right... I believe that :) NOT.

[greedfear] 16/1/2014 13:55

No matter what or who, the new shareholder will be able to shake things up and that maybe just what the doctor ordered.

[greedfear] 16/1/2014 13:48

So now we know for sure who has sold.

More interesting is the answer to the question who has bought?

As you may or may not recall there was a (group of) shareholder(s) that voted NO to all resolutions at the latest AGM indeed causing all resolutions not to pass.

I'm speculating a 100% here but I do think it possible those were shareholders from the start (having paid 80p or 95p or so).
They sure as hell could not have been happy puppies and may have been a little bit p#ssed (pardon my French) that despite the disastrous performance of ECDC share price C. still got paid running it.

C. allready felt the increasing pressure from these investors (as proved by the no votes).

Well, in short, I think that what we're looking at is some kind of deal/arrangement that has been made between C and those early day investors that became more and more active.

Just my two pennies and if so I think we're going to see these active investors shaking up ECDC (forcing ECDC to stop supporting Plovdiv, dividing the assets of Sliven (land and cash) between partners (one of them being C), marketing Cascade etc.etc.)

If my story proves to be utter BS, well I've got others ! lol

[greedfear] 15/1/2014 16:50

There are a lot of possibilities here so I'm very interested (curious) which name will be revealed. If I like it I'll add.

[greedfear] 15/1/2014 16:41

Correct. I'm expecting an RNS tomorrow. C. out, but whois in?

[hoveite] 15/1/2014 15:49

If the AIM rule 26 list of significant shareholders on ECDC's website is correct then I think the seller must be Charlemagne Global Opportunities Limited - as they are the only shareholder listed with over 3% having 7,626,320 shares.

It will be interesting to see who bought the shares.

[greedfear] 15/1/2014 13:08

Can't wait to see what will happen next.

I'm thinking some party must be really interested in taking a position. Normally a party taking that kind of position would like to hold at least 10%. So, is continued buying to be expected? Watch and learn.

BOL holders.

[greedfear] 15/1/2014 12:48

A late reported buy at 10-1: 7.8 million @ .0539 euro.
That's like 8.7% of the shares.
Talking about clearing an overhang.

Onwards and upwards! Let's close the gap between share price and nav.

[greedfear] 07/1/2014 18:04

0.303 euro according to the latest interim report, so >80% discount.

[envirovision] 07/1/2014 17:09

What is the nav these days?

[greedfear] 24/12/2013 10:57

Merry Christmas and Happy New Year ECDC shareholders !

I believe next year will be a prosperous year too. Once other investors find out the Bucharest office market shows improvement and realise Cascaded Euro Tower could very well be sold in 2014 (instant double-triple share price).

The Cascade loan is being paid back (approx. 2 million each year) from Cascade Park Plaza's cash flow and as ECDC holds 40% that on itself will add 0.8 million to the value of this equity investment.

[greedfear] 24/12/2013 10:57

Merry Christmas and Happy New Year ECDC shareholders !

I believe next year will be a prosperous year too. Once other investors find out the Bucharest office market shows improvement and realise Cascaded Euro Tower could very well be sold in 2014 (instant double-triple share price).

The Cascade loan is being paid back (approx. 2 million each year) from Cascade Park Plaza's cash flow and as ECDC holds 40% that on itself will add 0.8 million to the value of this equity investment.

[greedfear] 28/11/2013 11:43

Doing business?

Close to Cascade.

That'll give you an opportunity to take a look at it, get a feel if it might be a good investment to be in.
I most certainly would. Step into one of the smallest offices thinking "I own this piece" lol

[muzerewa] 28/11/2013 11:16

sitting in Romania right now, just down the road from Cascade.

[greedfear] 28/11/2013 10:32

I'm not worried about that. :)

How come you've a particular interest in Romania?
I don't by the way, I'm just interested in investing in real estate at deep discounts to NAV's. This seemed like a relatively safe bet and I think it'll do great (once Cascade is sold).

Keep me posted. BOL.

[muzerewa] 28/11/2013 10:24

will look at them closer freedfear! And don't worry, I'm not stalking you, just that I have a particular interest in Romania. Do you, by the way?
Muzerewa