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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| European Real E | ERET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 190.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 190.00 |
| Top Posts |
|---|
Posted at 10/3/2024 09:19 by jellypbean I've only got 112 shares left, still sitting in my ii ISA, so I hope they've not wasted money posting a report to me. I'll keep an eye out for it thoughInterestingly, subsequent to this one going private ii has basically forced me to sell better capital before it delisted. I recall deciding to sell Prospect Japan and Private equity investor for the same reason. Still hoping I'll get a few extra £ back from ERET, eventually. There was some talk of the possibility of a fairly hefty French tax rebate, as I recall. |
Posted at 24/9/2021 10:29 by zangdook This is odd. After a long period when 53 documents were listed for ERET on the Guernsey Registry, today there are 56, yet only one appears to be new. I don't know which are the other two they've snuck in, though I suspect they might be two of the four dated 31 Jan 2018 to do with the winding up.Anyway, the new one, dated 14 June though it's only just appeared, looks as though it may be interesting, as it's called "Annual Validation Form - Additional Information" and is 18 pages long. Previous years' AVFs have been 4 pages. The document isn't yet available to purchase. When it is, I believe the electronic documents are £2. I have mixed feelings about throwing good money after (possibly) bad, but I might be tempted... |
Posted at 28/8/2018 16:31 by zangdook On 13 August a change of address was registered for ERET (third link in post 784, fill in the form, choose 100 records per page, scroll to the bottom).I'm not paying £2 to find out the new address. |
Posted at 28/7/2017 16:42 by zangdook Has anyone had their new shares or money yet? Hargreaves Lansdown for all their failings are usually quite good about this sort of thing, but they still think I have the old number of shares and they won't even admit that there is such a company as ERET if I try to get a price. |
Posted at 02/7/2017 14:01 by eezymunny In case you missed it.www.investegate.co.u |
Posted at 08/6/2017 09:40 by redhill9 I don't agree it's "either/or". I read the statement as saying two things: that there WILL be a return of capital and (separately) that they are considering a change of investment strategy.The relevant quotes are : Consistent with the realisation strategy in place since 2011, the Board intends to make a further cash distribution to Shareholders following the Annual General Meeting of the Company on 29 June 2017. Followed by: The Board is also considering a proposal received from Quidnet Capital Partners LLP ("Quidnet") for the Company to change its investment objective and strategy...... Of course, how much cash is returned as a distribution will certainly be impacted by the decision on whether to go with the Quidnet proposal. However to be consistent with the realisation strategy surely it has to be at least the proceeds of La Gaude sale. I agree with Zangdook's view that returning (almost) all of available cash and then proceeding with ERET as a shell would be fine, although do I recall there are some long outstanding tax issues that also need to be resolved before full cash is available? |
Posted at 05/4/2017 17:06 by eezymunny I make it 7,735,321 shares after last redemption, so market cap at 155p is c. £12m.Last update said they had £9.1m cash after netting off liabs. Exch rates haven't moved much since then and a fair bit was sterling anyway. So add £5m for La Gaude sale gives c. £14.1m A bullish case gives c. £1.8m tax refunds (they believe entitled but who knows?)and low wind up costs and running costs since update of perhaps £1m, so total 14.1+1.8-1 = £14.9m or 192p/share A bearish case with no tax refund and say £2m running and wind-up gives £14.1-2 = £12.1m or 156p/share I bought for the EEZY4 porty today on the "looks hard to lose much and might make a fair bit" basis. uk.advfn.com/cmn/fbb My sums may be all wrong and there are of course possible unknown unknowns that could ultimately make me lose! |
Posted at 05/4/2017 16:46 by redhill9 n1mgn, I haven't got access to my ERET spreadsheet at the moment as away from home but aren't you ignoring the distribution after that NAV was published? I'm posting from memory but I think your base figure of £34m is too high as the distribution will have reduced the assets representing that £2.24 significantly, meaning La Gaude represents a higher proportion than you suggest?My previous thoughts that La Gaude would already have been valued to reflect the poor likelihood of a sale at value seem to have been off the mark with this 38% discount - it suggests the most recent NAV was too optimistic. Having said that, my instinct is that the share price reaction to the news today was overdone as it already reflected a significant discount to NAV for La Gaude, and at least now we have some short term prospect of a cash return. I won't be selling at this share price and may be tempted to buy once I've looked at the figures tomorrow. |
Posted at 04/8/2016 11:23 by janvrot Come on mark.....drop those rates by a massive 25bps. The weaker pound will boost my investment in eret. This weaker pound has done wonders for eret nav, soon La Guade will be more valuauble than luxury houses in London.Take the free lunch and print. |
Posted at 28/7/2016 21:08 by flyfisher The bimbo deal formally concluded a while ago, so I think it reasonable to expect that schroders would have commenced marketing the Spanish assets promptly as their contract with eret only runs to 8th october.With the schroders agent recently being at the French site doing the drone coverage it is also possible that they could be trying to market the French assets. ERET have also seemingly mitigated some of the tax issues with an insurance contract. It has been a good ride over recent months and I can see the Spanish assets going before the year end, hopefully at a good premium. If so, their should be another redemption at the end of the year in the order of 150p. |
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