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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Secure Property Development & Investment Plc | SPDI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.50 | 4.50 | 4.50 | 4.50 | 4.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 18/12/2018 10:12 by callumross Avoid like the plague! I once held these and buying them is the easy bit but trying to sell is almost impossible. Anyone buying is also going to get shares in a company listed on an Amsterdam secondary exchange. How many investors have a broker who will deal in these markets. |
Posted at 09/6/2016 12:36 by orinocor Proactive Investors ---[...] |
Posted at 09/6/2016 08:19 by orinocor "We are focused on positioning ourselves as the go to investment vehicle for investors looking to gain exposure to the region's highly attractive commercial property markets. At the same time, we aim to close the disconnect that has opened up between the net asset value of our Company and our share price." |
Posted at 09/6/2016 06:41 by orinocor SPDI CEO Lambros Anagnostopoulos commented, "This transaction is in line with our strategy to optimise the value of our prime real estate properties across South Eastern Europe, either through the timely commercialization (including potential disposal) of assets, when opportunities to generate value for our shareholders are presented to us, or through maximising the cash generation through active rent roll management. Our aim is not only to expose our shareholders to the European yield compression play and the significant capital appreciation on offer, but also to generate substantial cash from managing our portfolio of income producing assets. On completion of the sale we expect to receive a material cash injection into the Company, which will assist us in this growth plan."We are focused on positioning ourselves as the go to investment vehicle for investors looking to gain exposure to the region's highly attractive commercial property markets. At the same time, we aim to close the disconnect that has opened up between the net asset value of our Company and our share price." |
Posted at 23/6/2015 17:25 by 1littlefish its a bit worryingtheir disregard for the rules maybe its cause Lambros is Greek !! not interested in rules of some distant stock exchange in cold UK ! What sort of co. puts its dirs. wages on its website but NOT in its accounts accounts ?! (and accounts are WRONG for new shares/warrants after the year end as I posted before...in big way ...and large shareholder holdings not reported, as Russman says) And even on the website the wages for the MD and the FD are NOT GIVEN !! since bundled together with managers wages ! Lambros, if you're reading....pull your finger out !...clown... Maybe its a Greek thing...like Varoufakis...to go round in circles or make enemies of investors ! ==== On the plus side, hopefully if Lambros is playing any games ...the investors over last few yrs who put in big chunks of hard cash would surely take action straight away to protect their investment, since they cant sell, no trades at all ! although the cost of legal action in Cyprus is probably expensive from overseas... If I was part of those big investors I wouldnt be very happy at the moment....very opaque. |
Posted at 02/6/2015 06:41 by drradcliffe Hi 1littlefish,I’m not sure about the appropriate discount or uplift to NAV. The market tends to take its own view on that depending upon a whole host of factors as you know, and we are talking about emerging European economies here. So they’ll be a discount I suspect. As you point out there are issues valuing the Ukraine assets. But to keep things simple, I take the view that Baker Tilley Kitou will have looked carefully at property valuations – people may not agree – but never the less audited accounts are the best reference for most investors. I have to admit I’m not sure about founder’s rights but will include that in my own calculations to err on the side of caution. Russman’s NAV, he’s probably removing the assets in Ukraine (26%) and Greece (13%) in his suggestion. I think you’ve researched this share a lot and obviously an experienced investor so actually don’t need an answer to 95% of the questions you pose on this BB. Out of interest, what’s your price target for this stock and over what time frame? Have you got an entry position in mind? I take it you have a Bearish position here. |
Posted at 31/5/2015 20:23 by 1littlefish be interesting to knowAn RNS said they were looking for new investors.....not using the existing ones....whether it turned out that way, who knows...but surely some % ownerships changed ..with some big holders taking up less or none and others taking up more... Id for example like to know what % the MD is linked to....in previous 2011/2013 it said 29%....imho accounts are wrong to say only a tiny amount (unless that big holder sold out...which I am 100% sure they didnt and couldnt) |
Posted at 31/5/2015 19:27 by 1littlefish Russmanhad 10 sec look at ARTL one press article "In my opinion the fees are too high; Alpha Real is one of very few trusts with a 'two and 20' hedge fund level of charges. However, the only controversial thing I can see in the structure is the notice period for the asset manager – it has a contract that runs until December 2022." puts me off...(and so many of these property cos. have structures that are bad for public investors....such as where the manager is also a controlling shareholder....so they can have high charges and difficult for rest of shareholders to get rid of them, due to votes) |
Posted at 31/5/2015 19:17 by 1littlefish one of the many things that I think potential investors & shareholders have a right to know is who invested in the big share issue in March (roughly 1:1 ..ie. big dilution) and whether investors were new (if so ...who are they) or the existing big shareholders ?Clearly if the existing shareholders decided NOT to invest any money at 25p when the share price was 70p for most of 2014 would be worrying....while if the existing big holders all happily coughed up then it would be a +ve sign. Disclosure of any changes in % holdings of directors eg. the MD.... and large holders... another mkt requirement that the co. appears imo not to comply with... doesnt inspire confidence.... |
Posted at 30/5/2015 19:36 by 1littlefish if 38p is right...what is a fair share price wrt that ?...two problems being - that the Ukraine land assets dont produce any income..and gteed imo not to be saleable or developable for X yrs.....need say 1 yr without any bullets before ppl even start poking their heads up again in bld sector imo...and Russia/Ukraine situation cld go on for yrs....and if Russian tanks parked on Crimea border...internation - looks like the running costs and also interest costs eat up shed loads of the income....1.5M op. LOSS last yr in reality once remove the accounting 'gain from buying below mkt price' You been holding since 70-80p in 2013 when you created this thread ? You buying more at mkt price of 31-32p ? Only 1 director made a small buy at lower price...despite all the corporate actions....not a +ve signal imo... |
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