XXI Century Share Discussion Threads

[andrbea] 31/12/2009 08:16

down 66%

should we buy more?

ugly spread (but always was)

highly volatile in both directions (always was)


nia dyor

[mickthesnitch] 30/12/2009 14:00

buying at this price is a good move if relists and you can buy, just do not expect a multi bagger in a few days. still better return than cash in bank

[jpendle] 30/12/2009 13:57

mick - I have no doubt your assessment is very accurate, but that is why the company's share price is so low, and my money in this is purely speculative. If it all falls apart for XXIC I can move on without any effect of my lifestyle.

Anyone relying upon this for their future is at severe risk, having said that I think everyone is aware of that and my experience is shareholder despondency = opportunity. Many experts may be saying this is a no hoper yet those closest to the action are not running for the hills (banks have not pulled the plug).


If it doesn't relist today then it does not exactly inspire confidence, it was only a few days ago that they said they were going to.

[mickthesnitch] 30/12/2009 13:26

meant len not lek

[envirovision] 30/12/2009 13:12

Cant see how they can get it re listed before new year, nomad needs to do it and they are on holiday

[mickthesnitch] 30/12/2009 11:35

why has lek not put his own cash in to buy loans at a discount and retain full ownership of company?

[mickthesnitch] 30/12/2009 11:34

P,I never said management were great.However losing Tara is a big mistake.Ukraine was always a false market and there is no cash there now.lettings are 75% down ie people are not even renting,they are staying with family or those who do rent, are getting mega bargains.As for buyers,with a 30% deposit needed and retaes of 11% to 18% depending on currency of loan ie Hryvena or USd ,no one can buy save the corrupt politicians. The bubble has burst in ukraine.XXIC however do have a good landbank and get leases from kiev council for next to zilch,just no buyers out there.XXIC will come good but not short term and not until yushenko and the other politicians stop playing games. This is a sipp investment for now ie loongterm only.

[mickthesnitch] 30/12/2009 10:58

i am not wrong

[jpendle] 30/12/2009 10:50

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!

[mickthesnitch] 29/12/2009 09:54

jp,i was in but sold ages ago when bubble burst. it is still on my watch list,have you ever been to ukraine or met directors?I have,so i know what i am talking about. this will come good due to gov cntacts but there is no cash in ukraine at moment so no buyers of end product.

[jpendle] 29/12/2009 09:49

Should restart trading today, tomorrow or Wednesday then!

"The Company expects that trading in the Company's shares will be restored prior to 31 December 2009 immediately following publication of the audited annual accounts for the year ended 31 December 2008 and unaudited accounts for the six months ending 30 June 2009."

[jpendle] 24/12/2009 14:14

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.

[ssrmb] 24/12/2009 14:13

Seems so, any thoughts on the sp?

[envirovision] 24/12/2009 14:12

Trading to resume then

[envirovision] 18/12/2009 14:17

As can be seen below currently things are just about in the balance, things all hinge on the outcome of the forthcoming Key elections. If indeed as anticipated, Ukraine elects a more friendly Russian facing party with the will and power to curb social welfare benefits, then expect Ukraine to suddenly look a lot more attractive place to be (finacially) than the UK imo.

It is reported that Fitch the international rating agency affirmed Ukraine long term foreign and local currency Issuer Default Ratings at 'B' with a negative outlook.

The main positive factors of the rating confirmation were the redemption of Ukraine Eurobonds in August and September 2009 and a low government debt to GDP ratio in Ukraine. Negative outlook was maintained simply due to unsatisfactory government policy, resulting in low probability receipt of the fourth tranche of the IMF loan.

According to Millennium capital analyst "We see the news to be neutral, which should not affect the price of CDS of the domestic issuers. At the same time, we agree on low probability of the IMF loan provision, since the main Fund requirements to cut down the State Budget Deficit are currently far from being fulfilled."

"With asset quality deteriation and pressure on Ukrainian banks' capitalisation they have to create provisions for non-performing loans. However, thanks to support from parent banks for those banks with foreign ownership and capital injections by the Ukrainian government for government-owned and nationalised banks, the capitalisation of the banking system is holding up despite an increase in loan loss provisions," explains Katrin Robeck, Associate Analyst and report co-author.

[ssrmb] 18/12/2009 14:11

Good points well made JP.

[jpendle] 18/12/2009 13:12

The UK commercial property market was a mess, with no prospect of recovery for years according to some - and guess what its recovering fast. In the midst of turmoil its always very difficult to spot the way out, Ukraine will recover and we don't need a full restoration of values, just visibility of the way out of the recession.

mickthesnitch - if you truely believe your post, why are you wasting your time even considering this share.

[mickthesnitch] 18/12/2009 13:03

ukraine property market is a mess. no real recovery there for 3 to 5 years min,go see for yourself.

[gambler99] 18/12/2009 12:28

lets hope they relist soon :)

[gambler99] 18/12/2009 12:27

gonna buy this and hold for 3 years perhaps 400p again.... a 20 bagger.

[ssrmb] 16/12/2009 12:46

Who knows, as I understand it things are pretty twitchy over there. 50% off peak share price would do me ...... !!

[pelleeds1980] 16/12/2009 11:12

Yeah good call, at what price on resumption who knows

[ssrmb] 16/12/2009 11:10

If they can get the accounts published then I would assume return to AIM is a given.

[pelleeds1980] 16/12/2009 11:05

Update:



No mention of return to AIM but looks like lots going on behind the scenes

[andrbea] 08/12/2009 14:10

hello directors

any plans to be restored ?