European Real E Share Discussion Threads

[jellypbean] 10/3/2024 09:19

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 though

Interestingly, 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.

[zangdook] 10/3/2024 01:46

Does it say anything about progress?

[investor_tp] 09/3/2024 15:48

I've received the report in the post fwiw.

[jellypbean] 09/3/2024 15:32

Well, through ii, I've been given the opportunity to vote online to sign off the liquidators annual report, though I can't find out how to access said document.

[zangdook] 04/2/2022 07:05

The annual validation forms seem to have gone back to January; 2022's appeared on Jan 31. 18 pages again and not public.

The Change of Director Form mentioned in my last post is now available to purchase, but I'm not spending £2 to find out what it says. The director(s) of the company must be little more than a nominal role now as all the work is being done by the liquidators - I suppose they need a director to sign things now and then, but I doubt that it's material to us who it happens to be.

Edit: Indeed, it seems if you don't have a director you get slung off the Exchange - here are last year's naughty boys:

[zangdook] 19/12/2021 22:35

A new entry on the Guernsey Registry page, dated 16 December. It just says "Change of Director", and like the previous entry (Annual Validation Form - Additional Information) it's not available to purchase, even if I wanted to.

[zangdook] 24/9/2021 09:29

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...

[zangdook] 12/3/2021 09:27

delisted, in liquidation.

[tim000] 12/3/2021 07:59

I haven’t posted here for many a year, but Sleepy is an old timer, and zangdook too to a lesser extent. Are the company’s shares suspended?

[zangdook] 12/3/2021 02:36

The liquidator is being taken over by BEG.

[zangdook] 07/3/2021 23:57

This explains why no Annual Validation Form has been registered so far this year. The date for filing has been moved from Jan-Feb to June-July:

[sleepy] 02/1/2020 14:58

Thanks Zangdook

[zangdook] 02/1/2020 13:26

Another Change of Liquidator notice.

and scroll down

This is all it says:

Section 396 - Change of Appointed Liquidator

19/12/19 European Real Estate Investment Trust Limited 44115
Liquidator removed: David Sheil

Joint Liquidators added: David Rubin and Henry Lan

Current Liquidators: David Rubin and Henry Lan of David Rubin & Partners (C.I.) Limited of Ground Floor, Elizabeth House, Les Ruettes Braye, St Peter Port, Guernsey, GY1 1EW

Effective: 29/11/2019

As last time, it's the same firm, just a change in the personnel. Here are the new people:

[ifthecapfits] 13/2/2019 14:13

Is there still a value to this?

[zangdook] 21/1/2019 10:35

An Annual Validation Form has been registered at the Guernsey Registry. Again we'd have to pay to see it, and it seems to be a standard thing - they do one every January.

[sleepy] 12/11/2018 17:00

Thanks zangdook

[zangdook] 12/11/2018 12:28

Here's the detail. Not really a change, just reducing from two liquidators to one. It's still David Sheil.

scroll down or search for the company name

04/10/18 European Real Estate Investment Trust Limited 44115

Joint Liquidator removed: Trudi Clark

Current Liquidator: David Sheil of David Rubin & Partners (C.I.) Limited of Ground Floor, Elizabeth House, Les Ruettes Braye, St Peter Port, Guernsey, GY1 1EW

Effective: 30/09/2018

If you look down the page she's been removed from a bunch of them. Perhaps she left the company. So it's probably not really a change specifically to do with ERET.

[zangdook] 04/10/2018 11:56

A new announcement on the Guernsey Registry: "Change of Liquidator".



This is more serious, and I think as a shareholder I'm entitled to know about it. But they expect me to pay? Even £2 sticks in the craw rather.

[zangdook] 28/8/2018 15:31

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.

[zangdook] 10/8/2018 17:05

The liquidator's name is David Sheil, not David Shell - it's misspelt on the Guernsey Registry website.

[sleepy] 29/6/2018 22:44

Thanks Zangdook

[zangdook] 29/6/2018 07:38

Here's the announcement of the appointment of liquidators:



scroll down to Section 392 - Winding Up Resolution (Appointment of Liquidator), or search for the company name.

01/02/18 European Real Estate Investment Trust Limited 44115 Liquidators: Trudi Clark and David Shell of David Rubin and Partners (CI) Limited

edit: David Sheil, not Shell. See my next post below.

The liquidators' website:



Here are company documents and details on the Guernsey Registry:



They want you to pay for the documents, and from their titles I don't think there's anything worth paying for yet.

If anyone else is following and learns anything, please post it here.

[zangdook] 08/6/2018 14:00

There's still value unless and until they lose the tax claim and spend everything they kept back. I haven't heard any news.

[ifthecapfits] 07/6/2018 15:18

Is there still a value to these or is that it?