Rose Grp Share Discussion Threads

[andrbea] 14/10/2010 19:14

looks like a big leg-up starting
up 7% today

[andrbea] 08/10/2010 08:22

marked up 6% today

some good stuff in the interims (21.9.10):

- Intention to seek admission of RGI's shares to the Main Market of the London Stock Exchange

- US$90M of new equity capital secured via the issue of new shares to Synergy Classic Limited, significantly strengthening RGI's financial position

- Cash balance at 30 June 2010 of US$24.8m (31 December 2009: $27.5m)


Commenting on the results, Jacob Kriesler, Executive Chairman of R.G.I. International said: "We have made excellent progress on many fronts. Our two biggest projects, Tsvetnoy and Kingston are well on schedule, and the Tsvetnoy department store is due to open its doors to the public this year. We also raised a substantial amount of equity capital during the period, which is testament to our long track record, the way we managed the business ahead of and during the crisis, and the opportunities lying ahead of us"

[andrbea] 06/4/2010 10:04

large trade early on (205k)

still way below the nav per share

[andrbea] 31/3/2010 09:59

Tx Simblu

reading the file quickly:

cash position is sligtly better than the year before (end 2008)

And the nav is slightly down

RGI's NAV and NAV per share have decreased from US$591.8m
and US$4.7 per share respectively at 31 December 2008 to US$551.6m and US$4.4 per share respectively at 31 December 2009 (a decrease of 6.8%).

but then the share price is way lower still....

oversold?

Good buying all this month (from 1.2 up to 1.9$)

nia dyor

[simblu] 29/3/2010 20:45

andrbea, it's linked of their home page - here you go:

[andrbea] 29/3/2010 15:22

the anuual Fin Report is downloadable from the site they say

but, when I go there, there seems to be no clickable link that gives you a report....

[andrbea] 04/3/2010 15:54

notice of results (to be released on March 22)

up 5%

steady buying in last hour

[andrbea] 05/2/2010 16:29

Feb 2

Moscow times on Russian property market:


From June to December 2009, the investment market that had been silent for more than half a year started to take off slowly, because of some rising interest from local investors. But this created a dramatic gap between its foreign and domestic legs: While local investors in offices were considering initial yields of about 11 percent to 13 percent, foreign investors would not even look at Russian properties for yields lower than 15 percent to 16 percent.

The last two months of 2009 finally saw a significant increase in rental rates. This situation was very specific to Russia and can be seen mainly as a technical rebound because of the overreaction in the first part of the year. After dropping from $2000/sq.m. to $600/sq.m. in the first six months of the year, prime office rents increased to $900-1000/sq.m. between October and the present day.

This was probably a technical rebound, and we should now see rents growing at a much slower pace.

However, if on the contrary the market keeps increasing fast and within the next three years rents in Russia increase to the level of early 2008, the real estate market will face a very dangerous situation: Better availability of financing and the rising appetite of local investors, coupled with rents that are increasing faster than in Europe and the U.S., will trigger an increase in prices. This would prevent yields from reaching higher levels (14 percent to 16 percent) that could attract foreign investors. Russian real estate would then become again, like in 2008, an exclusively domestic market disconnected from the rest of the world - high rents, high prices, and nonattractive yields in Russia versus lower rents, lower prices, and more attractive risk reward in Western Europe and the U.S.

The year 2009 taught us how fast and deeply the Russian real estate market, disconnected from the rest of the world, could crash because of a combination of exogenous macroeconomic factors - the next three years will show us whether we have learned something from these lessons.

[andrbea] 03/2/2010 15:55

Feb 3

In Russia, the ruble-denominated benchmark MICEX has added 35 percent since Aug. 1, to reach 1,453 points on Wednesday -- but is still a long way from the all-time high of 1,969.9 points. Russia was the world's second-best performing market, next to Brazil, in 2009, according to Moscow-based Renaissance Capital.

Apart from strong oil prices, Russian stocks have been helped by macroeconomic figures that show the country of 142 million people is weathering the downturn slightly better than thought and its budget deficit is expected to be far less than originally expected. Risks remain if oil prices fall, however.

[andrbea] 03/2/2010 13:53

another Russian punt for 2010 could be prdf

nia dyor

[andrbea] 25/1/2010 12:43

sector interest:

[andrbea] 21/1/2010 10:30

big drop (-23%)

[andrbea] 15/1/2010 10:22

'rus' on a run
russia & property in the lift

will this sentiment flow over to rgi?


nia dyor

[andrbea] 04/1/2010 13:55

nice to see xxic regaining some standing today (up 45%)
a general re-rating due for East European property plays perhaps, eg rus and rgi, besides xxic
... now they are so significantly below their NAV per share?

nia dyor

[andrbea] 21/12/2009 09:46

rgi 11%
back to 2p hopefully

see post 159
66% -Discount to NAV

nia dyor

[tara7] 08/12/2009 11:45

One more property share for you SAF, results out yesterday 58p nett assets per share, 15p to buy.!!

[spiritfinder] 11/10/2009 10:13

Had a very quick look at RGI and its had a good rise off recent developments. However, still operating in a very surpressed market with lending issues contributing to a further 8.5% decline in portfolio valuation. Longe term we know the property market in Russia, as elsewhere will pick up. However, the German market looks to be picking up faster and has a more robust basis on which to grow within shorter timescales. At this point, given RGI's recent rise within a sector that's still showing signs of decline, I'd favour SDIC with a near term focus of the Results due and an expectation of a continuation of the steady upward trend.

GL!

[andrbea] 30/9/2009 13:24

some recent vibes on Moscow property:

European REIT about to Acquire 50 Pct in Russian Mall
Property Xpress (subscription) - ‎Sep 29, 2009‎
In the first half of 2009 it reported a net rental income up 8 pct at EUR 634 mln, but it took a mark-to-market depreciation of an 8.2 pct, giving an IFRS ...

Logistics Operator Rents 6000 sq. m in North Domodedovo
Property Xpress (subscription) - ‎Sep 24, 2009‎
Northern Domodedovo is one of the biggest A class logistics schemes in the Moscow region with a total area of 1.1 million sq. m, of which the first 560000 ...XXXX Bars Chain Debuts in Moscow

Property Xpress (subscription) - ‎Sep 24, 2009‎
He added that the company was eyeing the Moscow market for a long time, but only now has good rent offers. In St. Petersburg the company will open its ...10000 Sq. m Chinese Shoe Store to Open in Moscow
Property Xpress (subscription) - ‎Sep 23, 2009‎
23-09-09, 11:21, (Property Xpress) - Russian-registered OOO Charoit plans to open a 10000 sq. m wholesale shoe store in Moscow, local media reported. ...

[andrbea] 29/9/2009 08:37

34% yesterday

10% today

[andrbea] 29/9/2009 08:37

debt position comfortable.

And: the Company's NAV per share increased from US$4.70 on 31 December 2008 per share to US$4.77 per share at 30 June 2009 (an increase of 1.5%).

Looks ok to me.

[pelleeds1980] 29/9/2009 08:33

Results out