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Engel East Europe N.V. (EEE)

Sector:

Real Estate

Index:

FTSE AIM All-Share

Market Cap

£19.75m

Change Today

Price Unchanged0.000p ()

Share Price

22.50p

Engel East Europe to focus on high-end

Date: Tuesday 11 Mar 2008

LONDON (ShareCast) - Property group East Engel Europe is to focus on high-end projects in Central and Eastern Europe after land write-downs in Germany and Canada meant a loss in 2007.

Revenues for the year were €17m (2006: €25m) reflecting a lack of income from its joint venture partners, which also impacted profitability. The loss before tax for 2007 of €4m (2006: €15.4m profit) was after total one-off provisions of €3.9m for the land disposals.

As part of the move to high-end projects, Engel said it will consider mixed-use projects as well as residential developments.and expects the number of completions to grow significantly in 2008
although it is too early to predict the timing of sales.

After deducting the proportion of projects owned by joint venture partners, the estimated value of the portfolio is €457m. There is no dividend.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EEE Market Data

Currency UK Pounds
Share Price 22.50p  
Closing Price Change 0.000p
52 Week High 79.50
52 Week Low 22.50
Volume 0
Shares Issued 87.78m
Market Cap £19.75m
RiskGrade 314

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
20.07% above the market average20.07% above the market average20.07% above the market average20.07% above the market average20.07% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
58.39% below the market average58.39% below the market average58.39% below the market average58.39% below the market average58.39% below the market average
38.18% below the sector average38.18% below the sector average38.18% below the sector average38.18% below the sector average38.18% below the sector average
Income Not Available
Growth
85.18% above the market average85.18% above the market average85.18% above the market average85.18% above the market average85.18% above the market average
90.84% above the sector average90.84% above the sector average90.84% above the sector average90.84% above the sector average90.84% above the sector average
Price Chg 6m
19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
47.56% below the market average47.56% below the market average47.56% below the market average47.56% below the market average47.56% below the market average
34.72% below the sector average34.72% below the sector average34.72% below the sector average34.72% below the sector average34.72% below the sector average

EEE Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 06-Jun-07
Paid n/a 03-Jul-07
Amount 0.000¢ 5.30¢

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

EEE Key Personnel

Chair Sam Salman
CFO Samuel Hibel

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4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).