Pan Euro Share Discussion Threads

[joetricky] 14/10/2013 07:10

I think that we will sell RB. I think that Alpcott selling because PAN no longer holds Eastern European assets was the big clue. RB is still a major part of PAN and would still give a big enough interest in Eastern European assets to qualify for Alpcotts investment.

[pantastic] 13/10/2013 09:18

Legal action to recover Rosbunker? The 2012 finals suggested the title deeds had been legally secured.

I really don't mourn the loss of Healey. He never really convinced me he was fully focused on PAN. The new Professor chap, if you read up on him, sounds quite interesting so I am keen to see what he is going to bring to the table. The Eccles chap seems a little long in the tooth but, again, I will wait and see.

Whilst so much change in a short space of time is understandably unsettling, the new shareholder is clearly optimistic.

[mark1000] 13/10/2013 03:41

Are we taking legal action to recover Rosebunker?

We appear to be building up more bade debts adding another million on the AR despite lower turnover no comment about this in the accounts although a 4% reduction in admin costs was worth a mention.

My guess is that the Chaiman and FD not happy with the way SE doing things suspect the II`s with the possible exception of Alpcott backed SE so Alpcott and the two directors left bwtfdIk. It explains no outgoing thanks to those departing bad blood and SE pleased to get rid.

I am surprised no deal has been done yet to extend the Rotterdam lease but this is indicative of the way things are done poor old SE is responsible for everything he likes it that way but is it best for us shareholders?

[cjohn] 12/10/2013 16:27

Oh Christ, purchase the 50% of Rosbunker it doesn't own?! They still can't get into the 50% they do own.

[silverlandfinance] 10/10/2013 11:14

Further to AAA's post of the 4/10(718) , if the sale of Rosbunker was imminent, Alpcot would not have sold since the share price is likely to rise significantly on this occurrence.
Could it be that PAN is negociating the purchase of the 50% of Rosbunker it does not own and Alpcot decided to sell its stake because it did not want to invest further in PAN(via a rights issue)?

[pantastic] 09/10/2013 19:46

Looks like someone picked up another 100k shares today. Bargain.

[pantastic] 09/10/2013 18:55

Still getting my bald head around the size of the statement made by buying 14,920,702 shares, not over a period of time but inside a week.

£3.13 million.

That's about as far away from a punt as you can get. Staggering.

[zangdook] 09/10/2013 14:40

Would it be possible to post links in their original form, and not in a google translate version which is invariably much longer? It's easy enough for anyone who wants to shove a page through google, or any other translation site of their choice, but the links are so long it completely screws up the formatting of the page.

thanks

[pantastic] 09/10/2013 14:07

Being in a similar infrastructure business they will see how silly 21p looks They will see this as a no brainer. Great new, relevant and interesting shareholder.

[pantastic] 09/10/2013 13:15

Well he's keen anyway. Huge appetite for shares at market price and above. This should underpin the current share price nicely and for anyone with any doubt about their investment here, I can see nearly 15 million reasons why they shouldn't worry. It has certainly reaffirmed my investment decision.

SELLERS - Don't let him have any more of your shares for 20p though. Make him dance. Make him sing. Make him tear them from the clenched fists of your lifeless carcass - for 45 to 50p not 20-21p as twenty one english pence is a graverobbing valuation of this company.

[pantastic] 09/10/2013 12:20

Seem to have an interest in indian ocean terminal/infrastructure stuff. Pan Galactic Terminals might be an interest to him.

Another name to add to my "Guess Who" list for group takeover one day. I keep adding some and then crossing others out.

The size of his interest and the fact Alpcot's holding wasn't enough so he gobbled up another 350k for breakfast gets my attention. Those selling at these low rates are just feeding their shares straight into this guy who is sucking them up like a brand new Dyson.

This is just me googling so could be waaaay off. DYOR etc.

[pantastic] 09/10/2013 12:10

Other interest is a company called Progas. They are in terminals. Jigsaw making more sense all of a sudden ... Or I am getting wrong end of the stick...

[pantastic] 09/10/2013 12:03

Me neither. UK based. 36 yr old IT manager who has even rosier spectacles than mine and shedloads of cash to invest. Punt on Rosbunker or long termer? Who knows?
Must have done his homework as he has gone in BIG and Alpcot's holding wasn't enough for him.

[rivaldo] 09/10/2013 11:35

Per the new RNS, Topsfield Finance not only purchased Alpcot's entire stake but bought another 350,000 on top for good measure!

So Hurley, Utilico and Topsfield now have well over 50% of PAN between them from memory.

I can't find much about Shakhidi/Topsfield, or Shakhidi's company Progas, on Google. Anyone know any more about him/them?

[cjohn] 09/10/2013 11:13

Yes, I saw that too, Pantastic, and hoped it meant what you surmise. Those rosy spectacles sound good fun: mine are rather gloomy and miserable.

The company does go to some pains to resassure on cash levels, but not to my knowledge about operational cash flow per se. If they did at the AGM, they should have put this salient fact in the report. It's quite crucial given the company's recent reliance on equity issues to fund working capital.

But my feeling is that with Dan-Balt coming on line with the new contracts, it's looking very promising.


Regards

[oli12] 09/10/2013 10:55

Pan European Terminals (AIM: PAN), was notified on 9 October 2013 by Topsfield Finance Limited ("Topsfield"), an entity which is controlled by Khofiz Shakhidi, that on 1 October 2013 Topsfield purchased of 14,570,702 ordinary shares of 1p each in the Company ("Shares") (representing approximately 13.70% of the Company's issued Shares), and on 1 October and 2 October 2013 purchased a further 350,000 Shares. As a result of these purchases Topsfield has an interest in 14,920,702 Shares, representing approximately 14.03% of the Company's issued Shares.



Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "We are extremely pleased to welcome Topsfield Finance as shareholders of PAN and look forward to a long and productive relationship with them."

[pantastic] 08/10/2013 12:43

CJohn - I agree, that would be reassuring. This matter was questioned at the AGM and a convincing and reassuring response made by Simon but that's no good to the rest of the market who weren't there!

I would however like to draw your attention to the recent interims RNS again



There's a sentence here that, whilst not quite giving the specific reassurance you're after, hints that it might be so...

"The re-alignment of our marketing efforts at Baltic Top in Kaliningrad, has been completed as planned. This has allowed the terminal to be more selective in its choice of clients and, at the same time, reduce overheads and ultimately, its cost of sales."

It is my interpretation that by being more selective, the company is reducing the likelihood of the customer not coughing up in a timely manner. It is, however, just my interpretation and my lovely pink tinted spectacles might not be to your particular taste :)

[cjohn] 08/10/2013 12:19

More good news from Dan-Balt.

I'd now appreciate seeing an update that went something like this: Sincé Dan-Balt has returned to service we are now experiencing overall positive operational cash flow - even without Rosbunker's contribution. Our cash position has also been enhanced by close attention to recovering receivables. Improved credit controls at Baltic Top mean we anticípate less risk of bad debts in the future.

[look alive] 08/10/2013 12:06

The Alpcot shares may have been split up with no-one holding more than 3%.

[pantastic] 08/10/2013 11:58

I imagine the increase in folding beer vouchers received by PAN as a result of the fleet expansion will be significant, hence the RNS.

It does seem odd that the buyer(s) of the Alpcot shares has/have not been declared...

[aaainvestment] 08/10/2013 11:24

My understanding is that the profit is in turover of cargo with a base price paid for availability of the storge, so if Manjasa are the dynamic outfit they seem to be PAN will get more handling fees for emptying/filling the tanks. So increased fleet is probably a much more significant change than it perhaps seems it Dan Balt is its source port.

All looking good, except are we not due a holdings RNS!

[pantastic] 08/10/2013 10:41

Good news indeed. The Monjasa deal just gets better. Great to see newsflow like this. One does wonder if the old management discouraged it unless absolutely necessary and now Simon is allowed to be a bit more frequent with trading updates.

Monjasa has increased its fleet that use Dan Balt so Dan Balt can expect a marked increase in business as a direct result. Lovely jubbly.