Ishr Msci Emu Discussion Threads

[stewjames] 01/4/2002 11:04

As the NAV was £37m (at the interim stage) even if the company really struggles shareholders should get back a multiple of
their share value as it currently trades on over 80% discount to NAV.

Unfortunately, it's not that simple. With their high level of debt and potential inability to service it administration is a possibility. Shareholders would be lucky to get anything back from such a situation. Will keep an eye on it from time to time to see if they can get themselves out of the mess and realise the value on the balance sheet, though. Good luck.

[thecleaner] 29/3/2002 18:06

StewJames, I did see that you invest in some decent companies. I like your style (i.e going for value). I took a peek at some of them the other day.

[thecleaner] 29/3/2002 18:04

I can see your point, this one is not for the faint hearted and I wouldn't put my life savings into it. The company is in process of selling off assets (Hotels) and is currently receiving the book value for these sales. As the NAV was £37m (at the interim stage) even if the company really struggles shareholders should get back a multiple of their share value as it currently trades on over 80% discount to NAV. A £4m charge was made against the P&L account last time around just in case the book value of sales was not reached. I assume that as the book value of sales is in fact being attained this £4m will be added back as profit at some point. You may wish to wait for the results at end of April before investing.

[stewjames] 28/3/2002 17:57

Since no-one else is playing, I'll keep you company...

One question: the balance sheet looks a bit scary. Does it concern you? If not, why not?

[thecleaner] 28/3/2002 17:54

Why don't we take a 25% holding between us (i.e. approx £1m) and appoint our own non-exec director to oversee our interests?

[thecleaner] 28/3/2002 17:52

Note - finial results are due at end of April. We may see some action then.

[chestnuts] 28/3/2002 08:13

HAS every body gone to sleep on this share

[chestnuts] 28/3/2002 00:36

All Quiet today

[thecleaner] 27/3/2002 16:19

Looks like no-one has noticed yet

[thecleaner] 25/3/2002 21:45

Speaks for itself and DYOR.

[chestnuts] 25/3/2002 10:19

This share seams a give away but i am in and hope we do touch 40p by Friday

[thecleaner] 24/3/2002 17:01

I agree that this is a dead cert. I will be piling in on Monday morning if it hasn't gone up to much and my broker doesn't fart about with trade sizes. (I moved from Schwab to imiweb, but imiweb is rubbish!!)

[thecleaner] 24/3/2002 00:27

Also in the Times. Sure this will jump first thing Monday. Pity I didn't buy. Oh well, have to follow Biomax more closely next time

[biomax] 23/3/2002 01:45

Small shareholders of CHE got a free boost to their investments when the hotel group's parent, Choice Hotels International of the US, took the unprecedented step of writing off its 71% stake, the Financial Times reported.

[biomax] 22/3/2002 23:59

anyway back to ceu,
the chart is not bad, broken 30 day sma, hitting 50 sma

[biomax] 22/3/2002 22:04

:-O
why? were you shagging all canaries women as if they were sheeps? Lol.
You ve got to be more gentle, man ! Lol!

[dil] 22/3/2002 21:35

Nah , I was extradited :-)

[biomax] 22/3/2002 21:30

:-)
:-)
:-)
missed the british weather

[dil] 22/3/2002 21:29

S Wales , 10 miles from Cardiff :-)

[biomax] 22/3/2002 21:28

wheres that?