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XXIC Xxi Century

1.875
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xxi Century LSE:XXIC London Ordinary Share CY0009731015 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.875 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.875 GBX

XXI Century (XXIC) Latest News

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XXI Century (XXIC) Discussions and Chat

XXI Century Forums and Chat

Date Time Title Posts
12/4/201312:10XXI Century Investments801
23/12/200812:08trading statement/19/12/200820

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XXI Century (XXIC) Most Recent Trades

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XXI Century (XXIC) Top Chat Posts

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Posted at 12/4/2013 12:10 by jojo_jo
Just wondering how the Cypress crisis affects loans from their banks to outsiders, as here?

Logically I'd guess that a domestic 'run' of sorts on Cypriot banks by residents has reduced liquidity/reserves/deposits considerably.
Accordingly I suspect there is little chance of getting the requested loan extension until 2014. I'm just surprised it didn't tank after the last RNS!

Hopefully (for them - I'm not a holder) they have/are negotiating re-financing with another bank.

The caveat being that the Cypriot bank opts to extend the loan rather than call it in and risk losing on it following a fire sale of XXI's collateral, and possibly waiting a year or longer for such a fire sale to conclude. They may just extend it and punish them interest-wise. That may suit them as may the possible benefits attached to leaving cash overseas, away from a desperate Cypriot government's grasp.

Today's share price fall implies the former, ie. the bank won't be extending the loan another year, although they may give them 3 months to re-finance, at some punitive interest rate.

IMPO/DYOR/NAI
Jo

PS. Just observing - not invested.
Posted at 25/4/2012 08:52 by currypata kai
what do people think about todays announcement re agreement with Auchan ?

Must say I'm getting quite impatient with this share.
Posted at 30/1/2012 11:00 by cufes2
Errr . . . we've discussed this before I was correcting your market cap and shares in issue figures as they were wrong . . . unfortunately you also had the wrong NAV figure as well, which I didn't realise until later when the half year report came out . . . so you had the wrong market cap, the wrong number of shares in issue AND the wrong NAV . . .

moreforus - 13 Jul'11 - 10:50 - 707 of 716


51 mill usd 30 mill gbp vs 2 mill market cap?

_______________________________________________

For the record moreforus has repeatedly posted the incorrect NAV per share for XXIC for months and he's still doing it . . . he started at 84p moved down to 74p on Friday and he's now moved down to 50p . . . the published NAV was US$299m (excluding minorities) at the end of June 2011 and the current number of shares as per ADVFN is 431.81m . . .

moreforus - 13 Jul'11 - 11:04 - 708 of 716


7p price vs 84p net asset value...

moreforus - 27 Jan'12 - 16:16 - 51422 of 51747


XXIC boom boom boom

4.75p vs nav of...74p!

moreforus - 30 Jan'12 - 08:20 - 51618 of 51749


XXIC!!!!!!!!!!!!!

nav 50p
Posted at 29/1/2012 00:11 by pav 1
more4us...i must have read the following statement you made wrong, my sincerest apologies..whats the number of my nearest specsavers somebody....


moreforus - 27 Jan'12 - 16:16 - 51422 of 51484


XXIC boom boom boom

4.75p vs nav of...74p!
Posted at 28/1/2012 21:04 by moreforus
PAV - probably suffering from acute Ochitis - 74p is OCHs nav

I clearly said XXIC trading at 10% of nav as recently as Friday

Given I was the only buyer on Friday that gives people if they can be bothered the whole weekend to do some research to discover XXIC is trading at a 90% discount to nav and not a 94% discount to nav.
Posted at 28/1/2012 20:44 by pav 1
more4...if nav is closer to 50p, why then as recently as friday were u saying 74p nav.....
cufes2...xxic is just punt, i dont personally care if it goes to 1p, its money i can afford to lose, i bought in ages ago at about 6/7/8p level, if it gets to 10p area ill defo sell...lol..i dont think most people trust these eastern european investment/property cos but after och i can see people sniffing round this.
Posted at 28/1/2012 16:51 by cufes2
Looks like moreforus is still posting the incorrect NAV per share . . .

moreforus - 27 Jan'12 - 16:16 - 51422 of 51484


XXIC boom boom boom

4.75p vs nav of...74p!

PAV 1 - 27 Jan'12 - 16:37 - 51464 of 51484


xxic....nav 74p...lol.......numpty..p.s i hold here
Posted at 28/1/2012 15:36 by cufes2
Oh dear, we've been over this before . . . I assume you are referring to the posts where I spotted you and your partner in crime TOPINFO were using the wrong number of shares and market cap re XXIC . . . what I didn't check was that you were using the wrong NAV figure too . . . people should NEVER believe a word you two post without checking everything . . .

CuFeS2 - 17 Oct'11 - 07:34 - 737 of 745 edit


LMAO . . . you two were using the historic NAV figure and the wrong number of shares in issue and thus market cap as ADVFN is wrong . . . obviously I should have checked the NAV myself rather than rely on you and TOPINFO to post the correct info . . .

moreforus - 13 Jul'11 - 10:50 - 707 of 716


51 mill usd 30 mill gbp vs 2 mill market cap?

Currypata Kai - 17 Oct'11 - 09:37 - 738 of 745


CuFeS2

Just to clear this all up please could you tell us what you think the nav is ?

CuFeS2 - 17 Oct'11 - 09:37 - 739 of 745 edit


I don't think it's 84p as was suggested by moreforus . . .

moreforus - 13 Jul'11 - 11:04 - 708 of 716


7p price vs 84p net asset value...

__________________________________________________

envirovision

The NAV is reported as $299m and the number of shares in issue is currently 446.58m according to TDW and so NAV per share is actually 42p using current conversion rates . . . so why is the share price 5p . . . I'm no property expert but is it to do with ownership of investment properties . . .



"The above investment properties comprise of investment properties held under finance leases with the municipality authorities and owned investment properties"

So according to the accounts the value of investment properties under finance lease is currently $341m and the actual owned investment properties is $52m . . .

Also is there a risk being attached to company ownership . . .

"As part of the Group's restructuring, share capital increases were effected on 25 January 2011 and 6 May 2011 (refer to Note 25). Following these share capital increases and as at the date of signing of these financial statements, the Company is controlled by Ovaro Holdings Limited, which owns 62.16% of the Company's shares. As a result of the restructuring, the shareholding of Mr. Lev Partskhaladze was diluted to 4.72%.The remaining 33.12% of the shares is widely held by the Eurobondholders and Warrantholders, who converted debt into equity, specifically 26.48%, and other investors."
Posted at 17/10/2011 09:37 by cufes2
I don't think it's 84p as was suggested by moreforus . . .

moreforus - 13 Jul'11 - 11:04 - 708 of 716


7p price vs 84p net asset value...

__________________________________________________

envirovision

The NAV is reported as $299m and the number of shares in issue is currently 446.58m according to TDW and so NAV per share is actually 42p using current conversion rates . . . so why is the share price 5p . . . I'm no property expert but is it to do with ownership of investment properties . . .



"The above investment properties comprise of investment properties held under finance leases with the municipality authorities and owned investment properties"

So according to the accounts the value of investment properties under finance lease is currently $341m and the actual owned investment properties is $52m . . .

Also is there a risk being attached to company ownership . . .

"As part of the Group's restructuring, share capital increases were effected on 25 January 2011 and 6 May 2011 (refer to Note 25). Following these share capital increases and as at the date of signing of these financial statements, the Company is controlled by Ovaro Holdings Limited, which owns 62.16% of the Company's shares. As a result of the restructuring, the shareholding of Mr. Lev Partskhaladze was diluted to 4.72%.The remaining 33.12% of the shares is widely held by the Eurobondholders and Warrantholders, who converted debt into equity, specifically 26.48%, and other investors."
Posted at 28/9/2011 20:14 by cufes2
envirovision

I'm surprised someone was claiming XXIC was worth 45p . . .

The NAV in the final results issued in July was stated quite clearly as $51m . . .



"The Group's real estate portfolio was appraised by CB Richard Ellis. As at 31 December 2010 the value of the Group's share of properties in its portfolio stood at USD 393 million compared to USD 424 million at the previous year end. Net Asset Value, excluding minorities, was USD 51 million compared to USD 116 million as at 31 December 2009. The substantial decrease in NAV over the last few years reflects several factors: (a) the collapse of the property market in the Ukraine; (b) the heavy carrying cost of the USD 175 million Guaranteed Secured Notes, which at restructuring reached USD 222 million; and (c) disposals which the Group was obliged to make in order to remain viable."

The latest results only serve to obfuscate what is going on at XXIC IMHO . . . 80 pages FFS . . . but with regard to the property portfolio they say . . .

"There has not been any change to the Company's property portfolio since 31 December 2010. At that time, the portfolio was appraised by CB Richard Ellis at USD 393 million and the Board and management have decided that this valuation level is appropriate at mid-year 2011."

I'm no real estate expert so I'm happy to be proved wrong but the current share price would appear to tell its own story . . . all the financial shenanigans looks like smoke and mirrors IMHO . . . but if anyone wants to invest in a Ukrainian real estate business with a registered office in Cyprus then good luck to them . . .
XXI Century share price data is direct from the London Stock Exchange

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