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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plaza Centers N.v. | PLAZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.00 | 50.00 | 50.00 | 50.00 | 50.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 16/1/2014 09:34 by greedfear That's why I've been in for some time. Returns can be amazing once investors decide to return to property.A lot of funds have been writing off substantial amounts on their property. Also a lot of those funds have a huge gap between share price and (an allready very depressed) net asset value. Think about what will happen if the gap starts closing while net asset value will start to increase. It's a bit OT here (sorry about that) but ECDC for instance has a 80% discount to net asset value. The crown jewel is a 40% interest in a class A Bucharest office ( value of that 16-17 euro cents per share). This office yields something like 8% that's very high compared to other countries while yields have been 6.25% in Bucharest not so long ago. Rents in Bucharest seem to have bottomed. Any renewed interest in real estate and all ingredients are there for the share price to take off. They've got some other real estate investments in their portfolio written off to practically nothing. 30 eurocents nav (17p of that in Cascade) yet shares can be bought at 5.5 eurocents. Problem with ECDC is that's quite difficult to read their numbers. I'm quite convinced real estate funds are where the money is to be made now (have been for some time frankly, quite a number of them have doubled-tripled last year or so. |
Posted at 16/1/2014 09:01 by mudbath From today's Financial Times."Investors pour into European property. Huge capital push into Europe's biggest real estate markets drives up prices." |
Posted at 25/11/2013 15:49 by greedfear Must be the bottom. If bond holders agree there probably is going to be a right issue that corresponds with 6p for each share issued till now.The volume doesn't look like people wanting out at this level. There is/are seller(s) though but not being very agressively. Probably investors that do not want to invest more into PLAZ but willing to take part in the right issue. Freeing up money to do so, but it would not make sense for them to sell below 6p or so as that would be the contribution per share PLAZ would ask from their shareholders for every share held if the right issue would take place. Can't afford to buy anymore PLAZ alas. Anyway, just my two pennies. |
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