ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

TEIF Tamar Euro

37.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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

Tamar European Share Discussion Threads

Showing 476 to 500 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
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
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older

Your Recent History

Delayed Upgrade Clock