Share Name Share Symbol Market Type Share ISIN Share Description
European Real E LSE:ERET London Ordinary Share GG00BF7LFN84 PART PREF SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.62% 161.50p 155.00p 168.00p 161.50p 161.50p 161.50p 6,751 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 1.2 -0.1 -1.0 - 6.60

European Real E Share Discussion Threads

Showing 751 to 775 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
07/8/2017
08:56
So say what it is you're posting for the benefit of your imaginary friends.
zangdook
07/8/2017
08:39
i posted the link for the benefit of those who may have missed the RNS this morning you can climb back down from your high donkey now
spob
07/8/2017
08:16
spob, the news is already listed in the box under the charts. If you're going to repeat a simple news link at least say what it is so people don't waste time. k? The potential reward for the rump shares if the tax case goes our way is quite interesting.
zangdook
07/8/2017
07:54
http://uk.advfn.com/p.php?pid=nmona&article=75392046
spob
31/7/2017
13:18
Broker confirms "The redemption price of 165p that you have stated given by European Real Estate Investment Trust was an estimate and the actual final redemption price was 164.51p per Share" Whatever...
eezymunny
31/7/2017
11:59
They said "The Eighth Redemption will be effected at the estimated unaudited liquidation Net Asset Value per share as at 30 June 2017 of 165 pence per share, which is an unaudited estimate and will vary in part contingent on the sterling euro exchange rate". A bit hazy. I got 1.644507p/share. Hmmm...
eezymunny
31/7/2017
11:50
My best guess is they determined the redemption price but there was some currency sensitivity. That wasn't clear in the RNS however!
eezymunny
31/7/2017
11:42
Thanks. If it's the brokers they're all at it.
zangdook
31/7/2017
11:08
I've had cash from one broker now, with the same outcome as you zangdook. Have queried it but I guess the company has paid out c. 164.5p which seems odd given the RNS!
eezymunny
31/7/2017
11:07
Received 164.51p last week via TDW/III.
flagon
31/7/2017
10:58
I'm puzzled by this "The Eighth Redemption will be effected at the estimated unaudited liquidation Net Asset Value per share as at 30 June 2017 of 165 pence per share, which is an unaudited estimate and will vary in part contingent on the sterling euro exchange rate." Does that mean they paid 165p per redeemed share, but we shouldn't rely on that as the NAV? Or does it mean they did a recalculation (which they haven't disclosed) to determine the exact amount to pay? I would have thought the former, but I (eventually) received a tiny fraction over 164.5p. Is my broker helping himself to a few quid, or is that what everyone got?
zangdook
28/7/2017
17:32
Not had mine with either of 2 brokers... One shows cash pending and correct no of new shares. Other still has old holding. Should resolve itself next week I guess...
eezymunny
28/7/2017
16:56
Yes - received today.
ifthecapfits
28/7/2017
16:42
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.
zangdook
06/7/2017
11:16
Yesterday's RNS suggests they have resolved to pay out all the funds rather than roll over into a new venture. Very relieved as I would rather the trust did not take on new assets under new management, shareholders are expecting a liquidation. I would guess major shareholders would say the same thing to them. K.
kramch
02/7/2017
14:01
In case you missed it. www.investegate.co.uk/european-reit--eret-/rns/strategy-update-and-return-of-capital/201706300900017188J/
eezymunny
29/6/2017
15:31
I don't suppose anyone here went to the AGM?
zangdook
28/6/2017
12:30
Yes. They say "Board continues to review the position with regards to both the proposed repayment of capital and redemption of shares and the proposal received from Quidnet Capital Partners LLP for the Company to change its investment objective and strategy" I'd say all possibilities are still open.
eezymunny
28/6/2017
12:19
Yesterday's announcement read to me as a change of strategy OR return of surplus cash. Any different views out there?
nicholasblake
08/6/2017
11:04
It is ambiguous, but later in press release it is stated that consultation will end and an update be issued in early July, i.e. about the time a return is contemplated. If the Board wanted to distribute the Nice cash they could do that prior to the AGM. However, as I mentioned before, nothing set in stone.
nicholasblake
08/6/2017
09:40
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?
redhill9
07/6/2017
20:47
Http://www.telegraph.co.uk/business/2017/06/06/one-bad-boys-brexit-plots-100m-stock-market-return/
zangdook
07/6/2017
17:24
My read, given no commitment to return capital post Nice but pre consultation period completion, is that the current plan is change of objective OR return of capital. Of course, nothing will be set in stone yet, despite Telegraph article where Quidnet acting as if were a done deal.
nicholasblake
06/6/2017
07:08
It depends how much they're planning to distribute. If they give us back 99%+ of the cash and then use the company as a shell to raise new money, I'm ok with that. If they want to hold on to our cash in order to keep their jobs, then no. Not ok with that. We could really do with more clarity on this.
zangdook
11/4/2017
11:22
NAV at year end, less opex to june at which point la gaude sale will complete, less schroders base management fee to year end along with wind down costs for the ten subsidiaries give a final return of 137p plus any return from the french tax issue. This was listed at £6.75 in 2007, what a dire performance. With regard to the tax issue, this is an extract from the prospectus. Historically, the Group has benefited from an exemption from an annual tax of 3 per cent of the market value of its real estate assets in France or rights over such assets held at 1 January of each year. As a Guernsey company, the Company must qualify for a different exemption to avoid being subject to such tax. The Company has been advised that, based on the understanding of current French tax law and practice of the Company’s advisers, it has been and should be exempt from such tax as a vehicle listed on a recognised European stock exchange. Any subsidiary holding French real estate and companies in the chain of ownership above such subsidiary must comply with certain filing requirements to avoid the French 3 per cent tax. In addition, the applicability of trade tax in Germany to the Company’s German subsidiaries and the properties held by them is subject to review by Germany tax authorities.
flyfisher
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