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XXI Century Investors - XXIC

Share Name	Share Symbol	Market	Stock Type
Xxi Century	XXIC	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	1.875	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			1.875	1.875

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Top Investor Posts

Top Posts
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." Read Full Thread Reply
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." Read Full Thread Reply
Posted at 10/3/2010 15:28 by durby Investor confidence growing in Ukraine. ---------- Ukraine Stocks Rally for 7th Day to Highest Since June 2008 March 10, 2010, 6:41 AM EST By Daryna Krasnolutska March 10 (Bloomberg) -- Ukrainian shares rallied for a seventh day, pushing the benchmark PFTS Index to its highest level since June 2008, as Viktor Yanukovych moves toward forming a government after winning last month's election. The PFTS index added 3.1 percent, extending its longest winning streak since November. Shares are rising as Yanukovych builds a parliamentary coalition after his party ousted Prime Minister Yulia Tymoshenko last week. Yanukovych offered Serhiy Tigipko, who came third in the January presidential election, the post of deputy prime minister, according to a statement today on the president's Web site. The International Monetary Fund has frozen its $16.4 billion loan program since November, waiting on the government to pass a budget for 2010 and reduce spending. "Now there's a chance for the country to have a president, prime minister and parliament that speak a common language," said Dmytro Tarabakin, managing director of Dragon Capital, the largest investment bank in Kiev. "The government will be able to function, which is what Ukraine has been lacking for a long time." --Editor: Gavin Serkin Read Full Thread Reply
Posted at 24/2/2010 06:58 by durby Lucas Romriell of BG Capital February 24, 2010 To read dispatches from the foreign press about Ukraine, you might come away with the impression that Ukraine is on the verge of splitting in two and descending into chaos before the week is out. While hysteria seems to dominate the airwaves and media reports surrounding Ukraine's latest elections, investors seem to have taken a more sanguine view. During the first two months of 2009, they snapped up nearly UAH1.08bn ($13m) in domestic bonds, almost as much as they held prior to the crisis in August 2008, according to the daily Kommersant. Even an off-the-cuff comment by president-elect Viktor Yanukovych that he may restructure Ukraine's sovereign debt barely put a dent in investor interest, with the five-year credit default swap rate (CDS) widening a modest 965 basis points from 950 following the statement. And while Ukraine's sovereign Eurobonds were under some selling pressure in mid-February, the prices of bonds have yet to pass any sort of a major retreat. What has intrigued investors are yields of nearly 20-24% for domestic treasuries and as high as 10.94% for sovereign Eurobonds. If there is some risk of default, speculators are still willing to take a punt. Even as markets softened for European sovereign Eurobonds as investors fled the Eurozone on the back of growing default risk for Greece and the so-called PIGS (Portugal, Ireland, Greece, Spain), demand for Ukrainian names has remained mostly firm. Some investors are even bidding for distressed names like Nadra and news that the City of Lviv may face restructuring left City of Kiev bonds unchanged. Underpinning this interest are Ukraine's solid fundamentals that make the chance of a default unlikely. Foreign debt payments by the government are a marginal $2bn this year, or a little under 2% of projected 2010 GDP. The current account deficit is also narrowing and should continue to improve as long as steel markets don't deteriorate significantly. The only thing standing between Ukraine and its next tranche of money from the International Monetary Fund (IMF) is for the government to present a united face and return to the negotiating table. Necessity will make this a reality, regardless of what the next government's attitude is to the IMF. In fact, if investor bullishness persists, the government will likely push ahead with plans for a new bond issue by the end of year. Unless the problems surfacing in the Eurozone become catastrophic, Ukraine should be able to find buyers of a new issue by the end of the year, or early 2011. Compressed yields for other sovereign debt markets were the primary driver behind investor demand for Ukrainian names until the Greek problems hit the newswires. With Russia yielding 6-5%, investors were willing to turn to Ukraine for greater income on their investments. Now, the biggest risk to Ukraine demand is probably a Greek default or weakening yields for bonds from Eurozone countries. No gain without pain But let's not forget that investors are making a short-term wager. The risk of Ukrainian default may be not be imminent, but that is not to say that it does not exist, nor is it to say that there is no need for substantial economic reform. Two issues loom large on the horizon for Ukraine over the next six to 12 months: hryvna devaluation and gas market reform. With the strong possibility of parliamentary elections in May, any thought of major reforms is wishful thinking. In the long run, gas payments could sink Ukraine's economic ship. Going back to the table with the IMF will be a walk in the park compared to convincing Ukraine's average citizens of the need to pay market rates for natural gas (they currently pay half). Industrial consumers are likely bear the brunt of the $330 per 1,000 cubic metre price projected for this year, but this can only go on for so long. The next president will struggle to deal with this politically thorny issue, which could, or perhaps more accurately should, include the necessity of dismantling the national gas monopoly Naftogaz. Handing over the country's gas pipelines to Gazprom is also not a solution, as this is a patch that would only postpone the reforms needed to make Ukraine's economy more energy efficient. Investors may also be overlooking the threat a greater hryvna devaluation would pose for the balance sheets of local banks. A hryvna/dollar exchange rate of UAH9 to the dollar would push non-performing loans (NPLs) in the bank sector up to 30%, even by National Bank of Ukraine's estimates (which persistently underestimates the problem). Our in-house estimates show that banks should be able to weather current NPLs on their operating income alone, but a major shift in the exchange rate could jeopardize these assumptions. Demand for Ukraine's bonds will persist in the near term, but building Ukraine into an investment-grade country and lowering the cost of borrowing will require deep reform from the new administration. Lucas Romriell is head of research at BG Capital, Kyiv Read Full Thread Reply
Posted at 23/2/2010 13:06 by envirovision KDD having lots of good news this week, all more proof of drastic turn around in Ukraine. Firstly new terms with Ukrsotsbank. This would have been impossible six months ago. Secondaly FRS Hotel Group International taking management of the hotel complex of skytowers. Six months ago, no western company would have wanted to know about this and wouldn't have touched this with a bargepole. Now we see western investors creeping back. Read Full Thread Reply
Posted at 14/1/2010 11:13 by edgefund2 This RNS alert is brought to you by Digital Look. RNS Number : 5486F XXI Century Investments Public Ltd 14 January 2010 14 January 2010 XXI Century Investments Public Limited ("XXI Century" or the "Company") Admission of New Shares Following the announcements made by the Company on 20 July 2009, in which the Board of Directors of XXI Century (the "Board") reported that it has issued an aggregate of 2,068,698 new ordinary shares of USD0.01 each in the Company ("Ordinary Shares") (together, the "New Ordinary Shares"), represented by new depositary interests ("DIs") issued as a consent fee to the holders of the Company's USD175,000,000 Variable Rate Guaranteed Secured Notes due 2010/2014, the Company is pleased to announce that it has now submitted an application to admit the 2,068,698 New Ordinary Shares to trading on AIM and it is expected that the New Ordinary Shares will be admitted to trading on AIM on 15 January 2010 at 8.00 a.m. Following the admission of the New Ordinary Shares, the total number of Ordinary Shares admitted to trading on AIM will be 40,416,633, with a free float of circa. 46.56 per cent. The delay in the admission of the New Ordinary Shares was caused by the Ordinary Shares of the Company being temporarily suspended, pending publication of the Company's audited annual accounts for the year ended 31 December 2008. The Board is pleased to note the significant price appreciation in the Company's Ordinary Shares since the suspension of the Ordinary Shares was lifted on 31 December 2009. Enquiries: XXI Century Investments +380 44 2000 457 Tatyana Yarmolitskaya, Director of Corporate Finance and Investor Relations Dimitri Vasylev, Director of Marketing and Public Relationsir@21.com.ua Strand Hanson Limited Stuart Faulkner / James Spinney / Liam Buswell +44 (0) 207 409 3494 www.strandhanson.co.uk This information is provided by RNS The company news service from the London Stock Exchange END IOEKKQDNKBKDNDD Read Full Thread Reply
Posted at 31/12/2009 08:31 by tim00 The company's ability to persuade noteholders to convert the debt for such a small amount of equity was a masterstroke, why the note holders accepted is beyond me. I might even think now about a small punt on XXIC surviving. The problem as I see it, though admittedly not having studied the company in great detail, is that most of its projects are very early stage, ie just land that has planning permission. The valuations of these "assets" (?) must be highly questionable. The basic problem I believe is that XXIC overpaid for land during a gigantic property bubble, and once valuations return to sensible levels for one of the poorest countries in Europe, the company may have no value left. It also has much larger current liabilities than assets, meaning a severe liquidity crisis remains, with no white knights on the horizon. There's still a great risk that the incoming equity investor will leave existing shareholders with next to nothing. Read Full Thread Reply
Posted at 30/12/2009 10:50 by jpendle THere may be no money now, but things can change quickly, the elctions may bring new confidence and thaw out relations with Russia, the world in general is on the path to recovery and interestingly the company says in its results that cash outflows have stopped, if true then the situation should now stabilise. It may be a long haul, but as you point out we have a good management team for the job of surviving and eventually taking advantage. I don't think there is any rush to invest, but it is worth having on a watch list. I haven't been to Ukraine or spoken to the directors, it would probably be useful though, but as a PII don't have nearly enough money in this to make that worthwhile. Incidentally one thing where yuo are slightly wrong IMO, there is a huge amount of speculative cash that can be redirected at Ukraine if investors start to feel its the place to be, we don't have to wait for the local population to recover alone - it wasthe outflow of investor cash from eastern Europe that caused such devastation in the first place. restoration of trading prior to the 31st December now only leaves today! Read Full Thread Reply
Posted at 24/12/2009 14:14 by jpendle Well - expected to continue as a going concern, still not out of the woods, but are to restart share trading by 31st Jan. I'm expecting a possible initial dip as investors that have been trapped for months escape, but should recover in the following weeks as the election is sorted out. Hope I'm wrong and it rises straight away, but I will be surprised. NAV etc is a bit meaningless as it is now so highly geared that it will soar or sink on any recovery or deterioration - as long as it alows them to trade its ok. Read Full Thread Reply
Posted at 21/1/2009 08:33 by andrbea XXI Century negotiating sales with bargain-hunting real-estate investors; Kiev assets most attractive - sources By Yulianna Vilkos in London Published: January 20 2009 long article so here's the last half But since December, investors have started to cautiously re-approach property agents in Ukraine about XXI Century assets, said Natalia Stelmakh, head of investment at DTZ in Kiev. Investors are mainly interested in income-generating projects based in Kiev, or land plots with a permission to build, she said. XXI Century has only two finished projects, the Aurora and Kvadrat shopping malls in Kiev, Stelmakh continued. Two residential projects in the Ukrainian capital are close to completion, while other office and hotel schemes are either at the approval stage or were recently started, she added. According to German Panikar, head of capital markets at Jones Lang La Salle in Kiev, XXI Century has over 50 projects in its pipeline in several sectors, but the Aurora shopping mall is the most significant among potential candidates for sale. Aurora's value decreased from around USD 120m last year to just over USD 80m now, both Stelmakh and Panikar agreed. Other XXI Century projects in Kiev up for sale could be worth anything between USD 30m-USD 60m, Stelmakh added. Foreign buyers may be discouraged by the fact that majority of XXI Century's projects are leasehold as opposed to freehold. Banks are sometimes reluctant to provide financing for such projects, noted one of the sources close to the situation. Panikar countered that this should not be an issue for investors, considering these projects have long-term leases of 20-25 years. According to Stelmakh, foreign developers that have entered the Ukrainian market in recent years are actively considering buying assets now that prices have fallen and buyers have the upper hand in negotiations. Auchan, Praktiker, Leroy Merlyn and IKEA might all be interested, she said. Jones Lang La Salle's Panikar said there is interest among wealthy Ukrainian businessmen in properties being sold at a discount. Any sales could be completed within three or four months, according to Panikar, though Vershebenyuk at Colliers International described this time frame as optimistic. The company will need a new equity investor if it is to meet its debt obligations in time, as asset sales are not reliable, agreed two sources close to the situation. "A likely scenario is that the company will find a strategic investor and then negotiate a debt restructuring," one of those source said, adding that a US-based private equity fund is a likely suitor. The company insider said that while talks with potential equity investors are underway, XXI Century's main shareholder is not currently discussing a sale of a controlling stake or the entire business. Ukrainian businessman Lev Partzkhaladze owns 53% of the business. "It is obviously a tough question to be certain about in these circumstances, but it's unlikely he will [sell a controlling stake]," the insider said. Read Full Thread Reply

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