Share Name Share Symbol Market Type Share ISIN Share Description
European Real E LSE:ERET London Ordinary Share GG00BF4GC916 PART PREF SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 190.00p 180.00p 200.00p 190.00p 190.00p 190.00p 0 06:39:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 1.2 -0.1 -1.0 - 7.77

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
10/9/2017
16:54
There will have had to be an estimate made on what's reasonable. But an imponderable factor is how much the French tax authorities mess company around: delays tends to involve more liquidator cost. At the margin a choice between returning the max now and trying to retain enough to cover more delays.
nicholasblake
10/9/2017
15:43
"Funds have also been retained to pay for the liquidation and to pursue the claim against the French tax authorities." I assume they've retained enough to pursue it. It would be rather silly otherwise.
zangdook
10/9/2017
12:54
The actual NAV at 30 June was 173p. The 165p estimate is, as you suggest, after liquidation costs in second half. From here one can expect £700k or so by end December. The tax claim may never make it to court: the liquidator will only progress while there is enough in the kitty to pay its fees. But good upside if the court ever gets to opine.
nicholasblake
01/9/2017
15:36
Does anyone have a view on the future? I've been thinking on the lines that we'll end up getting very nearly 165p per share, plus any eventual proceeds of the tax case. Now there are only ~440k shares left that could be quite juicy. However I'm a little concerned that I may be being over-optimistic about further distributions. The crux lies in this sentence: Any liquidation and running costs associated with the structure are estimated and included in the estimated, unaudited liquidation NAV Does this mean estimated costs have been deducted before arriving at the NAV? In this case "included" would mean "taken into account". Or does it mean they have not been deducted; in other words they are, as it says, included in the total? Sorry if I'm being dim, but quite a lot hinges on the exact interpretation of this sentence.
finkwot
31/8/2017
18:01
It was actually 165p this time. I hope the next distribution takes place before the rump shares are expelled from ISAs.
zangdook
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
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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