15 May 2017
Lambros G. Anagnostopoulos, Chief Executive Officer, said, "The issuance of the new shares at twice the prevailing share price to directors and advisers in lieu of fees closely follows last month's series of director share purchases in the market. Both events demonstrate a conviction that the market is undervaluing our portfolio of prime real estate.
"The numbers speak for themselves: comprised of logistics terminals, offices and a retail Big Box Property in locations such as Athens and Bucharest, as well as residential units in Bucharest and Sofia, SPDI's net asset value was estimated as at 30 June 2016 to be €41 million, more than twice our current market valuation. By agreeing to be paid in shares at a 100% premium to the market price, the directors and advisers have demonstrated their support firstly for our vision to transform SPDI into the leading London listed property company focused on selected South East European countries, and secondly our ability to deliver." |
I make it 2 years ago.Do you think ntav per share will be over 34p at the next results. |
you have so much love within you - it must be fun |
& when was the last time it passed 34p. |
Oh no - its going up : D
free stock charts from uk.advfn.com |
In lieu of fees, advisers have accepted payment at 34p per share.
Compared to the market price, this is very generous.
The non-execs have been waiting since 2015.
Is this 2015 correct. |
Lambros forsees the wide discount narrowing.If ntav falls, he may be correct. |
 Lambros G. Anagnostopoulos, Chief Executive Officer, said, "As with all our core income producing assets, which include logistics terminals in Athens and Bucharest, offices in Bucharest, as well as a retail Big Box property in Craiova, Romania, the Innovations Park is prime real estate with an excellent location in the capital city of a fast-growing and/or strategically important European Union economy.
"At €300,000 per annum, today's lease agreement with Aquila increases the Company's current net rental income by almost 10% and in our view it also demonstrates the quality of our asset base. As at 30 June 2016, the Company's Net Asset Value stood at more than €41 million, which is almost two and half times our current market capitalisation, even after the profitable sale of Terminal Brovary in January earlier this year. As we focus on transforming SPDI into the leading London listed property company focused on selected South East European countries, we expect to see the wide discount between our market capitalisation and our net asset value narrow." |
Lets use a NTAV that is over 9 months old. |
so your strategy is simply to slag it off every time it goes up? |
The same big blue box with the default. |
well price doesn't agree with me right now |
I suppose we will have to wait until the end of June for another dish of diatribe. |
I agree with you. |
I think you made a typo.Defective. |
Hmm - so deflective - Can you bash it a bit more pls - Tks |
The same Directors who could not rake up a few million euros to stave off a default on one of their amazing purchases. |
On the way down true - when they btm & turn - not true
Curious on your explanation of why a group of dirs would buy a default?
And wasnt there similar BB terminal moaning from losing investors on other total dog ITs like CDI, MPO etc before they bounced? CDI up 30% MPO up 70%? |
this had dropped from 4000 to 20p.what a con these types of stocks are. |
Not exactly large purchases.
A default does not help their valuation. |
Dunno - but chart is basing & a large group of directors wouldn't have bought if they didn't think it was sorted somehow.
They would have better knowledge of future projections on valuations & planned liquidations. |
Have they settled those RCPS notes yet. |
Alliance News 16 March, 2017 | 11:30AM | SPDI
LONDON (Alliance News) - Secure Property Development & Investment PLC said Thursday a group of non-executive directors bought shares in the company at an average price of 21.4 pence per share on Wednesday.
Non-Executive Chairman Paul Ensor bought 8,326 shares, taking his total holding to 182,071 shares, still a less than a 1% stake.
Non-Executives Ian Domaille, Franz Hoerhager, and Antonios Kaffas acquired 11,961 shares, 3,950 shares, and 9,111 shares respectively. Fellow Non-Executives Alvaro Portela and Harin Thaker each acquired 8,326 shares.
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Romania is 3rd in the current world property risers |
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