Secure Property Developm... Share Discussion Threads

[russman] 13/7/2015 18:16

The % of shares not in public hands =70.
When the 10p warrants are exercised >80.

[phil1969] 07/7/2015 14:18

Very illiquid. No mm stock, each small buy of just £1,000 results in it ticking up!!

[apfindley] 07/7/2015 14:17

IRG next for liftoff with farmout news coming soon. £1.1mill market cap

[morkandmindy] 07/7/2015 13:58

rising rapidly, now 22% up??????

[russman] 06/7/2015 14:38

Profit will get hammered on f/x translation & impairments. As long as the "tenants" keep paying, there is a small future.

[russman] 29/6/2015 19:46

Used to be big in the Ukraine & Greece. Smaller now.

[russman] 25/6/2015 08:43

11/6/15 Operations Update > Completion of acq. in Romania & Bulgaria.

[1littlefish] 24/6/2015 22:40

Where did dig up that data from ?!

I havent seen it.

[russman] 24/6/2015 18:04

& the EGM result was...............
The 18m 10p warrants vest 45 days from 11th June.

[1littlefish] 24/6/2015 15:36

Btw
Acquisitions from MDs company for 34-36 M shares Aand 17M warrants at 43p...

Way over paid imho

[1littlefish] 24/6/2015 15:31

30th Sept 2014

"NOI 8M"

Lots acquisitions since and annualised NOI in june declared as still 8M !

So one assumes that rent reductions in Ukraine and elsewhere have been very big !......all a bit strange imo...

Noting the massive share issues one assumes that sept rns NOI was false...perhaps to get away the subsequent rescue share issues...

[1littlefish] 24/6/2015 15:12

Lambros...out !

[1littlefish] 24/6/2015 15:11

NOI of 8
Well co. Said it was 8 last autumn....and diluted by x 3 I think since then !

Not for me at the mo. Spdi is a coin spin !...who knows what is the truth..

[1littlefish] 24/6/2015 15:07

Btw
yesterdays rns about director pay info was imo because I complained to the regulators that accounts broke reporting reqts.

MD & FD Pay still not revealed.
Need to complain again to regulators.

Lambros.....stop farting around pls and comply with the rules !!

I wonder if the preference share accepters may notice and back out..partly since accounts are not true...no mention of 34M warrants for recent transaction !!

[russman] 23/6/2015 19:02

I started this board circa Sept 2013. Price circa 60p.
Back of an envelope : NOI 8 Admin -3 Int -1 = Profit 4
4 / 100 = 4c earnings.
Might get killed on the foreign exchange & impairments.
Holding company is losing cash.
Best guess @ NTAV = 43p.

[1littlefish] 23/6/2015 17:27

Russman
how long have you been in this ?
average price ?

(me, fairly recently...but average is a little above todays price since got some around 30p)

[1littlefish] 23/6/2015 17:25

its a bit worrying

their 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.

[russman] 22/6/2015 10:01

Why have there been no changes to shareholdings notices for 2 years.
SPDI is registered in Cyprus and subject to AIM Rules.
My argument is that after issuing all these shares (in the last 2 years) the indirect holdings appear to have changed significantly.
In 2 years, Lambros has gone from a beneficial holding of 0.1% to voting control.

[russman] 20/6/2015 08:49

The consolidation ratio was 100:1 in 2011.

[russman] 17/6/2015 18:58

SPDI have updated the major shareholdings on their websites. I am not clear why the share deals have not warranted RNS for >1% changes. I note that Lambros has an interest in the two largest shareholders: Ionian & NarrowPeak.

[russman] 12/6/2015 07:56

I tried to calculate the expected beneficial interests of Directors (& "Bistros") with regard to significant shareholders and related parties. I did not get very far.

[russman] 11/6/2015 18:33

Significant Shareholdings change requires notification(s).
Whether total beneficial (indirect) shareholdings including warrants, prefs & options are deemed to be a conflict of interest is debatable.

[1littlefish] 11/6/2015 14:13

I wonder what the views of Peter Munk and Ned Goodman are ?

[1littlefish] 11/6/2015 14:12

So...the RNS on 21st May was not true...the number of warrants was false...and the conversion price.

Maybe yet another RNS next week with a different number of warrants ?!

----

The annual report is also false since the info for post year end transactions make no mention of the large number of warrants.

[1littlefish] 11/6/2015 07:43

Lambros..MD ..

Incompetent fool imho wrt reporting reqts. and transparency.

New RNS & for third time new basic information is revealed...ie. that he bought assets from himself !!
Without asking for shareholder approval....and intentionally hiding the fact from the mkt and shareholders.

If big holders are not happy they could call for an EGM to cancel the deal or remove the MD....be interesting to see if they do..or if they accept MD buying from himself.