Taliesin Pty Share Discussion Threads

[jeff h] 15/8/2013 10:29

The IC often comes up with stocks off the beaten track which you can make your mind up over whether to invest in or not, I'm pleased I did here.

Seems to be several positives in the fundraising move which I calculate pays interest to the ZDP holders at 7.6% pa:-

The Company proposes to raise up to £15 million through the Initial Placing of ZDP Shares at 100p per ZDP Share, the net proceeds of which would be used to repay €6 million of short-term loans on which interest at the rate of 14 per cent. per annum is payable.

Pursuant to an amendment agreement dated 13 August 2013, the Company and the Investment Adviser have agreed to amend certain terms of the Investment Advisory Agreement which will reduce the advisory fee from 2 per cent. to 1.75 per cent. of the Adjusted Net Asset Value per annum

Furthermore, the Company and Taliesin Deutschland have entered into an amendment agreement dated 13 August 2013 to reduce the fees payable under the Property Acquisition and Management Agreement to zero. Previously the Property Acquisition and Management Agreement included an asset management fee equal to 2.5 per cent. of the aggregate contractual rentals due each month from the properties and investments held by the Group, together with an acquisition fee equal to 0.5 per cent. of the purchase price of any property acquired by any company in the Group.

[jonwig] 09/11/2012 07:36

I'd expect this to open higher following an IC tip this morning: "buy".

[wexboy] 05/11/2012 14:42

For an in-depth comparative review of Taliesin & other German residential property companies: