Rutley (See LSE:DPE) Share Discussion Threads

[damac] 12/6/2009 15:44

Good point, never thought of that.

[qwazi] 12/6/2009 15:20

It can't be Black Sea - the maximum they are allowed to pay is the level of their offer, i.e. 6p.

[damac] 12/6/2009 15:04

qwazi - 12 Jun'09 - 14:41 - 83 of 83


With 18m shares traded so far today above the Black Sea offer price, I think we can safely assume that they won't be getting it at 6p!


Was just about to post the same, just under 6M of the shares bought were under 7p, the rest above. Either its a clear sign that the 6p bid will not be enough (maybe directors buying), or it may be Black Sea hoovering up.

[qwazi] 12/6/2009 14:41

With 18m shares traded so far today above the Black Sea offer price, I think we can safely assume that they won't be getting it at 6p!

[pejaten] 12/6/2009 09:44

Well 6p a share is less than I was hoping, but I guess ok compared with my purchase price. Yet, I wonder if there will be a higher bid as It does not seem like the offer is recommended

[jab118] 05/6/2009 14:05

looks to me somebody is do their hardest to walk these down :@)

[lbo] 27/5/2009 22:10

"Whilst property funds have been active users of leverage at relatively high loan to value ratios in recent years, hedge funds that use leverage often use very much higher levels of gearing," Nick Burnell, managing partner of real estate investor Rutley Capital Partners

[dusseldorf] 22/5/2009 17:41

The banks are in the hands of the government. The government is in our hands. We are the kingmakers.

[rambutan2] 16/5/2009 22:37

the nav is pretty irrelevant. having broken its ltvs, as with most prop cos, it's in the hands of its bankers - they are the kingmakers.

[jab118] 15/5/2009 13:56

dusseldorf .. I agree .. but this is the stockmarket..

[dusseldorf] 15/5/2009 11:59

80% discount to NAV and under offer talks - can only go one way surely?

[jab118] 15/5/2009 10:05

LBO.. promising IMS. market seemed to have liked it, due the tick up.

Can I please ask you the little bit in the statement regaurding "reviewing dividend"

If they haven't payed any divi since 2006, what divi needs reviewing?

Could they be thinking of paying a futuer divi..?

[lbo] 15/5/2009 08:55

The Group's portfolio comprises 56 properties across continental Europe with a
value of EUR585 million as at 31 December 2008. The December 2008 valuations
showed a fall in the value of the Group's property portfolio in Euro terms of
approximately 12% over the previous 12 months. However, the Sterling value of
the property portfolio as at 31 December 2008 increased by 15% to GBP569 million

The portfolio has approximately 1,000 lease agreements which gives
the Company a level of security as the income is well diversified and not
susceptible to a single tenant default. The top twenty tenants, representing
50% of the rental income, remain strong and consist of large global
corporations, German food retailers and public sector occupiers

[lbo] 15/5/2009 08:51

Based upon the NAV as at 31 December 2008 and after taking into account the
Tender Offer and the Buy Back, the NAV is as follows: NAV per Redeemable Preference Share: GBP0.512

As at 13 May 2009, the share price was 9.38p per share. This represents a
81.68% discount to both the NAV (51.20p) and adjusted NAV (51.20p) after taking into account the Tender Offer and Buy Back.

[jab118] 14/5/2009 16:56

calling all saints..

Need more than a great line to get this going north, perhaps a angels prayer, or even better, an up date on the bid, would be not asking too much.

Still patience is a virtue, and I do know there is alot of them here, don't we LBO?

[saints11] 12/5/2009 22:55

thats a great line

[jab118] 12/5/2009 09:17

I'm no chartist, but is that 3 month chart showing a peanut???

[jab118] 05/5/2009 16:38

No news on the Black Sea, bid malakey?

[qwazi] 29/4/2009 15:00

nickduk, just coming back to the interest rate swap point - note this para in today's results, which would seem to suggest that the swaps are at the SPV level rather than the company level:


In circumstances where a loan is called there will be a break of the fixed interest swap pertaining to the loan and any costs associated with the break of the swap will, again, be recoverable only from enforcement of the asset and pledge on shares of the SPV.

[jab118] 28/4/2009 12:58

48 hours then Pejaten...

[pejaten] 28/4/2009 11:52

Fully listed companies have to publish within 120 days of period end.. I guess that means they will give at least an update by April 30

[jab118] 28/4/2009 11:22

dam it,

when one was hoping a drop of a penny or two, to buy some more, someone buys £2400 worth..

dam dam dam.

you don't win them all!!!

[jab118] 28/4/2009 11:00

qwazi.. thanks for that.


some news shortly then.

goody goody

LBO... Nice little write up in the Investment Chronical, good interesting read.

However I must disagree with the artical some what, we have a long old rest bite ahead of us yet imo.

lots of bad news coming out on "Bloomberg tv"

[qwazi] 28/4/2009 10:21

Impossible to tell, but I'd guess that no firm offer will be made at least until the audited results are out. Last year this was 17 April, so they're probably not too far away.

[jab118] 28/4/2009 09:54

Does anybody have any veiw, to how long it will be, on news regaurding bid talks?

Or is it just, sit in be patient and wait with hope?