XXI Century Share Discussion Threads

[andrbea] 22/9/2009 11:42

let's hope it's not too long
other E. european shares doing well of late
dupd, eee, ...

'bout time xxic played catch-up, and it's illiquid to boot
so roll on relisting.....

[pelleeds1980] 15/9/2009 16:24

i did wonder what would happen to this never saw the RNS thanks for bumping the thread up!!

[envirovision] 15/9/2009 16:23

so they have an adviser wont be long before trading starts again

[ssrmb] 24/8/2009 12:22

I have heard nothing back from the company, hope you get on better than me Jpendle. I am confident that this will come good in the end but just so frustrating not to hear anything for weeks on end !

[jpendle] 24/8/2009 10:13

I emailed the company last week to suggest they release an RNS on progress, as the never put a time-scale on the revised suspension. They should make a commitment, as it is they have no deadline to keep and so no urgency bto get things sorted.

[ssrmb] 31/7/2009 10:14

Would have thought we would have had another update by now, e-mailed the company asking when we were likely to get the results issued and re-listing but have heard nothing back.

[gdasinv2] 07/7/2009 10:44

The note holder will be issue the share price eqv some of their bonds or Convertible bonds. Also further capital will be provided to take the mkt advantage. This means some upside when they open

[ssrmb] 06/7/2009 15:10

G2, where do you get 150p from, seems very optimistic to me?

[gdasinv2] 06/7/2009 13:22

Todays RNS suggests that the Vote is passed, Good news, hoping once the autdit is finished mkt will open at least 150p

[jpendle] 02/7/2009 07:35

tim00 - utter rubbish, NAV it unverifiable, an educated guess, due to the lack of trade, but as soon as things pick up the value will also rise substantially.

NAV is not negative by a long way, if it were the bondholders would not settle for a mere 15% of the company, they usually demand over 90%.

The company seems to be near to sorting out its problems - so 'shareholders are finished' no they are very much in the game. Directors own over 50% of the company, that gives me great confidence that they will fight tooth and nail on our behalf, losing their own money will certainly focus their minds.

The suspension is unavoidable under the circumstances, if they published the results now the auditor would have to present a damning report (as they have missed required submission date) that is not a true reflection of the situation.

[pelleeds1980] 01/7/2009 16:13

Another one on my ever expanding list of suspended shares please dont shaft us XXIC!

[tim00] 01/7/2009 16:12

I think you'll find that the company's NAV is now substantially negative. I would imagine shareholders are finished.

[gdasinv2] 01/7/2009 08:41

After the Extraordinary event the Note will be converted to share. When the NAV is still around 500p , share price will be opened after suspension at least 150p. A tips from evaluator.

[jpendle] 24/6/2009 15:49

Its ok - but they need a £100m+ sale

[leaderzzz] 24/6/2009 13:08

RNS Number : 4366U
XXI Century Investments Public Ltd
24 June 2009

?
24 June 2009


XXI Century Investments Public Limited
('XXI Century' or the 'Company')


Exit from Kharkiv partnership


XXI Century Investments Public Limited (LSE: XXIC) announces that it has exited
its Kharkiv real estate development partnership in Kharkiv. XXI Century sold its
share in Kharkiv joint venture company Starmac Limited to its partner Rodnex
Investments Limited and its share in Econom Plus LLC to a local developer Melon
Real Estate LLC, for a total consideration of USD5.0 million (the "Exit"). The
consideration is payable in instalments and secured by a pledge of shares and
mortgages on immovable property situated in Kharkiv. Further details of the Exit
are set out below.


XXI Century's current strategy seeks to conserve cash, minimise expenses and
focus on core projects in retail and high-end residential developments. The
disposal of its interest in the Kharkiv joint venture companies will reduce the
Company's operating expenses by eliminating the payments on Kharkiv land leases
and the maintenance of the office in Kharkiv. Profits generated to date by these
companies have been minimal and insignificant.


As part of the terms of the Exit, the Company has sold its 99.99% share in
Econom+ operating office centre which was held through Econom Plus LLC, for
USD3.2 million, payable in two equal installments by 21 June 2010 and by 20
December 2010. The 99.99% share of Econom Plus LLC is pledged to XXI Century to
secure these payments.


As part of the Exit, XXI Century has disposed of its interest in Starmac
Limited, through which it previously held an indirect interest in the following
projects, all of which were at the pre-development stage:

48.8% in Kharkiv-Solta mixed-use project;
65.0% in Kharkiv-Korka retail project;
65.0% in Kharkiv-Pesochin logistics project; and
58.5% in Kharkiv-Peski residential project.


The aggregate consideration for the disposal of the Company's interest in
Starmac Limited is USD1.8 million, which shall be payable in two installments as
follows: USD1.3 million is to be paid by 21 December 2009; and the remaining
USD0.5 million by 20 June 2011. The payments are secured by a mortgage in favour
of XXI Century over an operating industrial property in Kharkiv.


The Company intends to use the proceeds from the Exit to continue to finance
land lease payments on its real estate assets, seek to maintain its operational
liquidity and repay a portion of its financial obligations.



- Ends -


Not sure how this pans out guys, i read it as consolidation and a good move

[gdasinv2] 23/6/2009 08:56

NAV at £5 with current RNS they should be valued at min 150p, so next 3 months this is heading north. Patience is the Key with small PUNT ( 2000)

[leaderzzz] 19/6/2009 16:49

its a small punt for me... do like the upside here..
ridiculous spread as mentioned... etrade gave me a nice purchase price though..

so when do we get to £10....

gl everyone have a nice weekend..

[pelleeds1980] 19/6/2009 16:40

was in here at 7p sold out stupidly now back in but if this starts to move ill add, just bit cautious around the financing etc. at the min

[ssrmb] 19/6/2009 16:36

If it gets back there I will be buying a Lambo !!
Seriously though if they do survive in some form or another, which I am hopeful they will, then I think current prices will seem extremely cheap.

[pelleeds1980] 19/6/2009 16:33

Well if it gets back there we can buy them all a bottle of champagne!

[ssrmb] 19/6/2009 16:32

I am in for 40k @ av of 30p, you gotta feel for the people who were holding them at £16 ++.

[pelleeds1980] 19/6/2009 15:44

Biggest faller on AIM last year this read that along with Sportswinbet it fell something like 98%!

[ssrmb] 19/6/2009 15:43

Lets hope so gdasinv2; current share price seems crazy when you consider the NAV - the crazy spread doesn't exactly encourage buying though !

[leaderzzz] 19/6/2009 13:43

well i have just put an order through for a couple of k..and hello to you all..

lee

[gdasinv2] 19/6/2009 12:35

Recent buys and RNS suggest some big boom ...NAV valued now 662p. I cant wait..