Secure Property Developm... Share Discussion Threads

[orinocor] 09/6/2016 09:19

"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."

[orinocor] 09/6/2016 09:19

A very illiquid share like this can have a totally wrong share price.

[orinocor] 09/6/2016 09:17

There was an open offer in 2015 that raised 8 million euros at 25p

[orinocor] 09/6/2016 07:46

A reminder.

The NAV is 59 million euros
The m/cap is £12.5 million, 16 million euros.
LTV is only 53%

[orinocor] 09/6/2016 07:41

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."

[orinocor] 09/6/2016 07:40

A $16M sale of ukranian warehouse announced.

SPDI is only capped at £12.5M!




9 June 2016

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

Sale of Ukrainian Warehouse



Secure Property Development and Investment PLC (AIM: SPDI), the South Eastern European focused property and investment company, is pleased to announce that it has signed heads of terms with Temania Enterprises Ltd for the sale of its Kiev based warehouse, Terminal Brovary, at a Gross Asset Value exceeding US$16 million (before deducting the outstanding EBRD attached loan).

[orinocor] 08/6/2016 16:04

I think this may pop to over 20p with the results announcement. Why?

Most of the properties in politically stable Romania
Results due before the end of june so not long to wait
NAV is more than 3 times the share price.
LTV is only 53%
There is no controlling shareholder.

[russman] 26/5/2016 14:39

Lets wax lyrical about a €660k sale.

[orinocor] 26/5/2016 11:22

The Company is seeking to provide an annual cash dividend to its shareholders in the mid-term


mid term. That's not very encouraging if its supposedly a high yield portfolio

[russman] 20/5/2016 14:45

Better than nothing. BigBlueBox in Romania.

[russman] 18/5/2016 15:23

Dont ask me.

[orinocor] 18/5/2016 11:17

I can't see anything wrong so I bought 10,000 @ 12.5p.
I tried to buy 20,000 but was instructed to go to the dealer. That might tell us the price is dropping due to illiquidity. I don't think a lot of shares are being sold. I could be wrong.

[orinocor] 18/5/2016 09:39

why is the share price collapsing?

[russman] 10/5/2016 17:52

Still no news.

[russman] 05/1/2016 20:18

At the AGM, the Chairman states the share price stands at a significant discount to net assets. He does not state what diluted NTAV per share is.
Shame.

[russman] 29/11/2015 08:38

Supposedly the west facing Ukraine gov. is making reforms which will help business esp. property.
The Russians seem to be busy on another front.
Not sure if they have enough realised profits for a divi.

[russman] 01/10/2015 20:57

Please sack Lambros & his mate.
I liked the Presenter but she was pushing water uphill.

[proactivest] 01/10/2015 10:45

Video interview with CEO Anagnostopoulos



Lambros Anagnostopoulos, chief executive of Secure Property Development & Investment (LON:SPDI), has hinted at the company’s first dividend payment to shareholders may not be far away.

The South-eastern Europe-focused real estate investment firm made underlying earnings (EBITDA) of €1.5mln in the first half of this year and is keen to start rewarding loyal holders of its stock.

Assets under management broke through the €100mln barrier to end the reporting period at €126mln as it made five property acquisitions between January and June.

[russman] 07/9/2015 19:33

Maybe they don't bother with change of shareholding notices.

[russman] 12/8/2015 22:10

SPDI has found a notice for another 5.5m 10p warrants to be exercised.
Spooky. Wonder where they found that.
We don't know if they have actually paid up yet.
The blended price is now 47p.

[russman] 29/7/2015 20:38

Maybe it is due to the Greek Capital Controls.
When they pay up, we may get an updated shareholding.

[russman] 27/7/2015 21:21

Only 50% of the 10p warrant holders exercised.
If you have a warrant to buy @ 10p; the share price is circa 30p.
Why would you let the warrant lapse?

[russman] 15/7/2015 00:43

We deduce that BlueBox is not a related party transaction.

[russman] 13/7/2015 19:16

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