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NAT Nanette

8.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nanette LSE:NAT London Ordinary Share NL0000685246 ORD EUR0.02 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 8.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.00 GBX

Nanette Real Estate N.V (NAT) Latest News

Real-Time news about Nanette (London Stock Exchange): 0 recent articles

Nanette Real Estate N.V (NAT) Discussions and Chat

Nanette Real Estate N.V Forums and Chat

Date Time Title Posts
31/5/200819:44Natural Disaster Thread81
25/4/200708:51Nanette - An interesting real estate investment10

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Nanette Real Estate N.V (NAT) Most Recent Trades

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Nanette Real Estate N.V (NAT) Top Chat Posts

Top Posts
Posted at 24/4/2007 07:11 by theophilus
The company is certainly active and provided they have bought well their real estate holdings promise well for the future.

Of course property prices in Eastern Europe like anywhere else can fluctuate up and down.

RNS Number:3760V
Nanette Real Estate Group N.V.
24 April 2007

Nanette Real Estate Group
"Nanette" or "The Group"

Acquisition of California s.r.l.


Nanette is pleased to announce that it has signed a preliminary agreement to
acquire the entire issued share capital of California s.r.l, a Romanian
registered real estate company for Euro1,278,000 payable in cash. California s.r.l. is the owner of a 1,400 sqm. residentially zoned plot in Savinesti, close to the centre of Bucharest, Romania.

The Group has in addition signed a cooperation agreement with the owner of the
adjacent plot, for a further area of 7,400 sqm. Nanette will not acquire the
land, but manage the project and receive 51% of the profits.

The Group estimates that it will build approximately 400 apartments, at a total
built area of 31,000 sqm. The total estimated cost including those of
acquisition, is Euro23m. Estimated total sale price is Euro30m.

Nanette expects that Lehman Brothers Real Estate Partners, which is
participating with the Group in numerous other projects, will exercise its right to join the project. The Group will therefore eventually hold 50% of the
project.

This is the Group's second project in Bucharest, and the fourth in Romania.

Both agreements are scheduled to be completed in June 2007.

Shaul Lotan, chairman of Nanette commented,

"We are delighted to have further increased our landbank in such a potentially
valuable location.

We truly believe that Romania in general and Bucharest in particular could see
the next great explosion in property prices as the demand for high quality
residential real estate grows in line with the Romanian economy and migration
from agricultural regions to the main cities ."

Cheers

Th.

PS This may explain why the price was so firm yesterday and rose just before the close.
Posted at 23/4/2007 20:06 by theophilus
Not easy to understand the price movements and trades on this one.

At the close they were up 7 at 128..[126/130]

But the trades were 164,000 sells and 12,500 buys.

There was the initial buy of 12,500 with the resulting price rise of 4.5

Then just after 10.00 there were two sell of 82,000 which did not appear to affect the price.

These may just have been buys recorded late.

Then no further trades were recorded but the price moved up again by 2.5 just before the close. Maybe there was another buy which has not yet been recorded.

Cheers

Th.
Posted at 16/4/2007 10:23 by theophilus
Nanette Real Estate says chairman lifts stake in co to 20 pct


LONDON (Thomson Financial) - Nanette Real Estate Group NV said a company in which its chairman Shaul Lotan holds a majority interest acquired 1.5 mln shares in the real estate firm at 1.05 stg each on April 11.

Meshulam Levinstein Contracting & Engineering Ltd bought the shares, which
comprise 0.87 pct of issued capital, from Leo Artec Ltd. Levinstein also bought
a further 115,000 shares at the same price that day, taking its stake in the
real estate firm to 20 pct of issued capital.

Leo Artec Ltd, which is controlled by Nanette board member Ferenc Karlnow,
holds just over 10 pct after these transactions.

So far the shares have moved up 4 on the day.

Cheers

Th.
Posted at 12/4/2007 16:19 by theophilus
Nanette Real Estate Group N.V.
02 April 2007

Contract in Romania



Nanette, the residential real estate developer focussed on the Central and
Eastern European region is pleased to announce its first projects in Romania.


The Company, via two 100% owned subsidiaries, has signed Heads of Agreement for
the purchase of 2 plots, with a total area of 23,000 sqm. in Timishuara,
Romania. Timishuara is a growing city with a population of approx 350 000 within the city and an estimated further 350 000 in the surrounding region, adjacent to the Hungarian border. Timishuara currently has 15 active universities which act as a major driver in the population and economic growth and diversification of the region. With considerable state backed investment in infrastructure and new legislation calling for new residential accommodation, the city fits with Nanette's strategy of targeting regional migration centres within developing economies.


The first project, named Zigaine (18,000 sqm.), is currently zoned for
residential development. Nanette estimates it can build approx. 550 apartments
at a total building area of 46,000 sqm. The total estimated costs are Euro39m, with the estimated sale price of Euro51m.

The second project, named Siat (5,000 sqm.), is zoned for residential and
commercial uses. The Company estimates it can build approx. 125 apartments at a
total building area of 11,000 sqm, plus 500 sqm. of commercial development. The
total estimated costs are Euro9m, with an estimated sale price of Euro12m.



The Company intends to eventually own 50% of both projects, as it believes that
Lehman Brothers Real Estate Partners, which is involved in several joint
projects with the Company, will exercise its option to acquire a 50% share in
these projects.

"This is a very important development for the Group, as it marks our full entry
into a new territory. Timishuara is a rapidly developing city and region that
we believe has a major current and projected demand for new, high quality
residential real estate.

This is only the start of our investment in Romania, a region that we believe to have immense investment potential. We are constantly evaluating potential
projects and we hope to be in the position to further update the market in due
course."

Cheers

Th.
Posted at 12/4/2007 16:15 by theophilus
The long term chart (as above) shows a useful increase in the share price in the past 10 months.

Cheers

Th.
Posted at 12/4/2007 16:13 by theophilus
This company is involved in real estate development in the countries of Eastern Europe.

The nature of the comany could be regarded as having above average risk but the price has firmed slightly since the profit announcement at the end of March for year ended 31 Dec 2006.

The main points were as shown

----------------------------------------------------------------------------------

Financial Highlights

- Revenues increased to Euro31.86m (2005: Euro5.12m)

- PBT increased to Euro9.4m (2005: loss Euro1.6m)

- Earnings per share: up to 6c (2005 loss: 1c)

- Flotation on AIM, raising Euro14.5m (#10m) in 2006

- Further Euro10m 8% debenture on Tel Aviv Stock Exchange

- The business was cash positive at the year end, excluding the debentures

- Recommended dividend of 1.75c per share

---------------------------------------------------------------------------------------

Cheers

Th.
Nanette Real Estate N.V share price data is direct from the London Stock Exchange

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