Share Name Share Symbol Market Type Share ISIN Share Description
Secure Property Development & Investment Plc LSE:SPDI London Ordinary Share CY0102102213 ORD EUR0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.50 7.50 6.50 6.50 6.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.69 -1.56 -0.03 8
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.50 GBX

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Date Time Title Posts
15/6/202009:28SPDI Secure384
12/5/201508:45300% increase in EBITDA -
22/4/201509:01Buys another building - European Asset backed Yield Play-

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Secure Property Developm... Daily Update: Secure Property Development & Investment Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SPDI. The last closing price for Secure Property Developm... was 6.50p.
Secure Property Development & Investment Plc has a 4 week average price of 0p and a 12 week average price of 6.50p.
The 1 year high share price is 9.50p while the 1 year low share price is currently 5.75p.
There are currently 127,270,481 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Secure Property Development & Investment Plc is £8,272,581.27.
spectoacc: @Babbler post 352 - it's now May, just sayin'. The sole advantage I can see to this deal (if it gets approvals & actually happens) is that Arcona has made some distributions in the past - not every year, and no guarantees. Otherwise, it's just swapping one illiquid co for another illiquid co. There's little more disingenuous than: "...The Transaction values SPDI's Non-Greek Portfolio at EUR29.25 million (based on a net asset value of EUR13.98 per Arcona share), a 96% premium to the entire market capitalisation of the Company based on the closing share price of its Ordinary Shares on 27 March 2019" ...when the Arcona share price is nearer 7 Euros, ie a 50% discount to the c.14 Euros quoted. In other words, no premium to SPDI's share price whatsoever, no 96%. Also - what's left of SPDI, just the Greek industrial assets? So a tiny, illiquid, shouldn't-be-listed co is about to shrink drastically? I still hold - not much choice :)
russman: The share price stands at a discount. The deal is at net asset value for a minority stake. SPDI have not got the finance in place to complete yet. SPDI buys at 100% & the share price discounts by 50%.
luckymouse: 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."
orinocor: methinks can fix disconnect between net asset value and share price by announcing a special dividend. return half of the $16M, that will fix it
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."
orinocor: A very illiquid share like this can have a totally wrong share price.
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."
orinocor: 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.
orinocor: why is the share price collapsing?
1littlefish: Was the acquisition at 43p just a trick to con investors ? If you are going to buy something with market price of say 10M pnds. And share price is say 1 pnd/ could argue that 10M shares shares should be paid... If fix the price at 20 M pnds ...and pay using 10M shares at claimed price of 2 pnds per share.....the seller still gets only 10M shares.... but some shareholders might think it was a great deal since sellers took shares priced at "2 pnds/share" and not 1. And taxman perhaps tricked since if sell for 15M pnds in few could try to claim a loss of 5M pnds !!
Secure Property Developm... share price data is direct from the London Stock Exchange
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