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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tamar Euro | LSE:TEIF | London | Ordinary Share | GB00B1CH3174 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 37.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
26/3/2014 18:17 | I picked up stock at 34p this afternoon. Figures are imminent(they were out this time last year). | tiltonboy | |
26/3/2014 17:50 | Hmm if they can get away with it they will I suspect and shareholder revolts are often a thing of extreme rarity. | envirovision | |
26/3/2014 17:38 | Hopefully, we will get news, with the annual results, of a return of some capital. They have run out of excuses to hang on to surplus cash; which is earning almost nothing. The share price is discounting a further big fall in NAV and also no return of cash. There will likely be some further reduction of NAV but one hopes that both of these will not occur! If they hang on to cash post June 2014, we get into the ridiculous situation where the company has to start paying an annual management fee of 1.35% on it. That clearly is not in shareholders interests (it would be solely in the management firm's interests) and would likely lead to a revolt by shareholders. | kenny | |
30/1/2014 10:23 | He seems to have posted it across numerous threads | badtime | |
30/1/2014 07:34 | Dr C, Why are you posting a comment from one of the poorest BB posters, about one of the most knowledgeable? | tiltonboy | |
29/1/2014 23:28 | Loverat 23 Jan'14 - 20:11 - 1341 of 1395 0 0 Dr Contrarian - I have come across Kenny on quite a few threads. Quite a negative poster and I recall he used to lay into some bombed out companies I held shares in. Some of his criticisms were fair points but there was little appreciation whatsover of the fact the share price more than reflected the risks. Anyway - most of the shares did well and recovered eventually and I suspect he was talking them down so he could take a long position. | dr contrarian | |
22/1/2014 15:47 | I wish they would hurry up, before sterling appreciates any further against the Euro! | tiltonboy | |
22/1/2014 15:37 | I would be surprised if that happened in the context of the very recent refinancing; which must have involved a close look at valuations. Maybe they have another sale in the pipeline and are awaiting completion on that - to enable a bigger amount to be paid out. Recent buying of the shares suggests someone knows something e.g. over 200k bought at 38p recently. | kenny | |
22/1/2014 15:11 | I guess we will have to wait until the figures in March. I worry that we will get a re-run of the AXA excuses and see a big mark-down in NAV. | tiltonboy | |
22/1/2014 14:41 | Management are certainly in no rush to announce a return of capital!! Anyone have an insight into what is going on, or rather the apparent lack of activity? | kenny | |
16/12/2013 22:17 | Rate may have moved as result of the front end renegotiation fees charged rather than underlying spread. | flying pig | |
16/12/2013 14:36 | This is not really a refinancing it is an extension to the loan below. Not sure why the rate has moved from 7.25% to 7.66%. I expect they could have refinanced it with cheaper debt, but they would probably have needed to take a longer time period, perhaps 5 years. If they are continuing with the disposal programme it makes more sense just to extend even if it is expensive. They do need to get on with the disposals though as this facility has only gone from 94m to 71m over the first 3 years! That is not consistent with getting it to nil over the next 18 months! "Tamar European Industrial Fund today announces that it has signed a 94 million refinancing with Deutsche Bank of both of its existing Royal Bank of Scotland debt facilities. The new facility relates to 35 assets located in France, Belgium and Holland and is for a term of five years, subject to certain covenant tests at the end of the third year. The leverage, based on the bank's valuation, is 70% and the cost of funds, including the margin and swap rate together with arrangement fees, is 7.25%. The debt has been fully hedged against interest rate movements." | scburbs | |
16/12/2013 13:02 | Talk about over a barrell! And they probably have early redemption penalties. | alanji | |
16/12/2013 10:24 | Ridiculously high, unless they believe they can make significant further asset sales in the next 18 months! | tiltonboy | |
16/12/2013 09:56 | Confirmation of debt refinancing - surely never in doubt, though wouldn't have expected then to have to pay so much - 7.66%! "The Fund has completed an 18 month extension, put in place to run until 20 July 2015, to a EUR71 million loan provided by the Banks, secured against assets in France, Belgium and Holland. The leverage, based on the bank's valuation, is 62% and the cost of funds, including the margin and cost of funds together with arrangement fees, is 7.66%. The debt has been hedged by way of a cap against interest rate movements." | skyship | |
28/11/2013 07:51 | Badtime - you asked on the SL thread whether I'm still in here; well I have to admit I ducked out after they rose to my forecast level in Post No. 444 above. I had wondered whether they might consolidate gains then move on to the 50p level; however not convinced that management really will hold to their promise to return the cash to shareholders. Now only holding APT & LSR in the propco space; though watching DSC closely to buy back in there - actually bought a few at just under 225p yesterday; but need to release more cash from elsewhere... | skyship | |
28/11/2013 04:37 | Also - the debt refinancing talks (for debt due Dec 2013) have been going on with banks since at least August (time of the interim report)- any idea why they are taking so long? I don't want another SDIC on my hands!! | remi2059 | |
27/11/2013 19:31 | Hi all, just came across this company. Looks interesting, with a good discount to NAV and upside from asset sales. But 2 things bother me: 1) Why are Weiss / Brookdale selling? they are not stupid investors, they are specialists in closed end fund arbitrage... 2) In the interims, they quote two adjusted NAV figures: a) adjusted net asset value before deferred tax liabilities of 61.6p b) Adjusted net asset value after deferred tax liabilities and contingent deferred tax of 47.1p Does anyone know why the headline numbers all concentrate on (a) rather than (b)? Is there a good reason to disregard the deferred tax liabilities? Any thoughts? | remi2059 | |
19/11/2013 17:53 | Be nice if they sold some property in France! | badtime | |
19/11/2013 15:28 | Someone wake me up when the paint's dry. | scburbs | |
19/11/2013 13:59 | NAV down 4.2% at 59p - but planning cash return, effective gearing 39.2%, still looking for maximum liquidity. | gingerplant | |
29/10/2013 14:35 | yeah, could be a little painful while they offload the remaining 19m though! ;-) | nil desperandum | |
29/10/2013 13:54 | Weiss selling 5m of their holding is an odd one, but having seen what happened when they sold their MVI stake, I can only hope they sell out here as well. | tiltonboy | |
25/10/2013 23:05 | I think that is a delayed trade - look back a couple of days and you will see that it is part of a total of 5m shares that changed hands. That is about 3.5% so we should get announcements from both the buyer and seller. | kenny | |
25/10/2013 22:49 | someone dumped 300k today | badtime |
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