Sofia Prop Share Discussion Threads

[moneyworries] 10/2/2012 14:38

But I reckon we could probably pay off all the more urgent debt by selling just one of our less valuable properties, if we got a reasonable price for it.

[moneyworries] 10/2/2012 14:28

1.47 million euros trade payables, to be more exact.

[moneyworries] 10/2/2012 14:23

Oh, and I think trade receivables was only about 60,000 euros.

[moneyworries] 10/2/2012 14:22

If I remember rightly, there is c. 1.5 million euros of trade payables in June Half-Yearly report. Cash stood at c. 100,000 euros. There is also 5.5 million euros of inventory in our favour but that is not a liquid asset. Net losses were about 400,000 euros for the six months. I think there was over 100,000 euros of legal expenses for the six months in that net loss.

[fromthesidelines] 10/2/2012 14:14

Moneyworries
What debt have we got???????

[moneyworries] 10/2/2012 14:04

The administrators would hopefully get the best price they could for as few assets as possible to pay off the creditors, and then either return the company to the market, i.e. the shareholders, or sell off the rest of the assets and return the cash to shareholders. Not my knowledge, just what I've been told. Hypothetically speaking, that is, if we did not pay off our debts in time.

[moneyworries] 10/2/2012 13:52

Sorry, got that wrong in post above. It is not the creditors but the administrators who are in charge of selling the assets if a firm goes into administration. A firm of accountants, I'm told. Don't know who chooses this firm.

[moneyworries] 10/2/2012 13:45

Feels like a contest to me: between getting a deal or loan done on time and not being able to meet debt obligations on time. Edit: disregard the rest of this post and see post below: (have deleted anyway as misinformation).

[leaderzzz] 10/2/2012 13:31

Its a horrid spread Moneyworries, but that changes when there is volume or news due :)

Actually quite like the spread like that just incase i have a mad moment and try to press the sell button!

For me I can see past the trading on here and wait for the asset sell... that would make a few extra quid, just about right for a holiday in September!

[moneyworries] 10/2/2012 09:25

Being quoted real prices of 1.15p to sell 20000 and 1.52p to buy 20000. My broker tends not to get the best price available, though.

[still waiting] 10/2/2012 07:36

OCH deal next week if the Europa visit today is true then more here..

[leaderzzz] 10/2/2012 06:53

Worst case scenario IHNC i guess is time you have to wait for the asset sale! - Roll on asset sale! 4 bagger min at 1.5

[ihavenoclue] 10/2/2012 06:42

moneyworries - 9 Feb'12 - 14:36 - 280 of 285


If these go into administration, am I right in thinking shareholders may still get back more than 1.5p per share, but it could take a while? I'm guessing asssets would be sold very cheaply, but still perhaps for a quarter of their true value. Just a complete guess.

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Yup but even a quarter of their true value is an share price 4 times higher than current

[leaderzzz] 09/2/2012 16:20

Hi all, just bought the small amount at 10.29. I believe they won't go lower than 1.5. Unless people want to sell at a loss. Latest wave of buying today it looks like. Back to 2.5 soon enough.

[mister md] 09/2/2012 15:37

think the MMs got rid of the T-traders over recent days

[sonicx] 09/2/2012 15:35

looking good for a bounce from here?

[moneyworries] 09/2/2012 15:11

Good recovery, considering advfn lse sells outnumber buys.

[moneyworries] 09/2/2012 14:36

If these go into administration, am I right in thinking shareholders may still get back more than 1.5p per share, but it could take a while? I'm guessing asssets would be sold very cheaply, but still perhaps for a quarter of their true value. Just a complete guess.

[still waiting] 09/2/2012 13:06

doesn't take many buys to move this.

NAV 24p

[moneyworries] 09/2/2012 12:58

Moved up .05p at c. 12.25 even though last trade on LSE was at 10.29. ? .

[still waiting] 09/2/2012 12:50

moving up now..

[still waiting] 09/2/2012 08:16

another buy and we go blue..

[gregpants] 08/2/2012 17:23

Lol, I'm all about hibernating in the winter! Maybe I'll have to set an alarm for this one ;-)

[still waiting] 08/2/2012 17:04

if you're quick and don't have a lie in..!!