XXI Century Share Discussion Threads

[jojo_jo] 12/4/2013 12:10

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.

[currypata kai] 28/2/2013 13:32

a bit of buying today...hasnt been any for some time I believe

[currypata kai] 09/10/2012 15:21

bit of nibbling today from a low base

[induna123] 27/9/2012 15:46

Probably euro worries. Looks like a financial meltdown is on the way.

[currypata kai] 24/9/2012 18:43

cant understand why this is so low ?

[currypata kai] 25/4/2012 08:52

what do people think about todays announcement re agreement with Auchan ?

Must say I'm getting quite impatient with this share.

[currypata kai] 10/2/2012 13:53

interesting that 700k trade that seems to be from yesterday...

[induna123] 09/2/2012 14:08

Anybody understand what today's trades are? Rollover?

[moreforus] 30/1/2012 12:02

what and not 5p as clueless thinks

[induna123] 30/1/2012 12:00

Let's just say NAV is around 40p/share and be done with it. Keep it simple.

[cufes2] 30/1/2012 11:45

As I said . . . you were using the wrong market cap, the wrong number of shares in issue AND the wrong NAV . . . even though you now have all the relevant financial information you have still quoted the wrong NAV on Friday and today and chosen not to correct it . . .

[moreforus] 30/1/2012 11:06

I told you clueless

See You Next Tuesday

buddy

[cufes2] 30/1/2012 11:00

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

[moreforus] 30/1/2012 10:49

induna he's a lieing scumbag - he told everyone last year the stock was trading at nav

what a tool

[induna123] 30/1/2012 10:46

I've had a look at the figures and these seem to be the most accurate,

CuFeS2 - 28 Jan'12 - 15:36 - 764 of 784

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 .


Ovaro currently holds 268,395,302 ordinary shares (approximately 60.1 per cent of the issued share capital) in XXI Century.

100/60.1 x 268,395,302 = 446,581,201.

[induna123] 30/1/2012 09:10

SPFL has a NAV of 24p. Beat that! And that could be double if they get the 19m euros penalty payment, see new thread.

[moreforus] 30/1/2012 08:17

looks like a few couldnt wait for their OCH winnings to buy here

[pav 1] 29/1/2012 00:11

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!

[moreforus] 28/1/2012 21:04

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.

[cufes2] 28/1/2012 20:49

Oh dear . . . 84p, 74p, 50p . . . make your mind up moreforus . . . actually using the US$299m published NAV and using ADVFNs number of shares figure of 431.8m shares in issue at today's exchange rate the NAV per share is actually 44p . . . but surely you would know that since you've been buying . . .

[pav 1] 28/1/2012 20:44

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.