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Echo Polska Properties (EPP)


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#1 Bullhunter

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Posted 19 June 2020 - 12:47 AM

Get your money out of here if you cannot get yourself out!   EPP pays in Euros.

 

https://www.business...ank-has-for-sa/


Edited by Bullhunter, 19 June 2020 - 12:48 AM.

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#2 Bullhunter

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Posted 09 June 2020 - 09:22 AM

Up another 15% this morning.


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#3 Bullhunter

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Posted 08 June 2020 - 06:59 PM

Shot the lights out today. Up 46% since last post, 28th May.


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#4 Bullhunter

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Posted 28 May 2020 - 03:26 PM

Unlike S.A., Poland's economy was in a good state prior to their lock down and was not as adversely effected by Cov-19 as other European countries. According to the European Commission, Poland will cope with the fallout of the coronavirus crisis better than any other economy in the European Union.

 

Malls opened on the 27th April, kindergartens reopened from May 6. Hair dressers and restaurants opened on 18 May, though strict hygiene rules are in force.

 

EPP's NAV=1.32€. The dividend  it's with holding amounts to an annualised 37% (in Rand terms). In a 0.25% environment (Europe), that's a once in a life time opportunity to buy a Rand hedge, dirt cheap..

 

Unemployment is not expected to be adversely effected as a result of the epidemic.

 

Relaxing face mask rules, reopening theatres, gyms from Monday.

 


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#5 Rex

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Posted 07 September 2018 - 10:12 PM

Good reason for investing in Echo-Polska:

https://www.business...-economy-2018-9

GDP growth > 6% versus SA's negative.


Would you say Monday is still a good time to buy in?
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#6 Bullhunter

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Posted 07 September 2018 - 06:33 PM

Good reason for investing in Echo-Polska:

 

https://www.business...-economy-2018-9

 

GDP growth > 6% versus SA's negative.


Edited by Bullhunter, 07 September 2018 - 06:34 PM.

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#7 Bullhunter

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Posted 22 January 2018 - 06:07 PM

Earlier this month a director was  buying between R17.41 and R18.25

 

Fair value R22.75

The director happens to be the chairman. Read about the man here:

http://www.westchest...tate-Visionary/


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#8 Bullhunter

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Posted 22 January 2018 - 05:40 PM

At the current price of R15.45 and Rand/Euro exchange of R14.80, it's a Rand hedge yielding 10% !!! 

Earlier this month a director was  buying between R17.41 and R18.25

 

Fair value R22.75


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#9 Bullhunter

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Posted 22 January 2018 - 05:17 PM

EPP continues to be well positioned to operate and benefit from favourable market conditions. The board is confident that the company will meet its 2017 full year dividend guidance of EUR10.8 cents per share.

 

EPP's dividend for the 12 month period to 31 December 2018 is forecast to increase by between 7.5% and 8.5%. That's in Euros!

At the current price of R15.45 and Rand/Euro exchange of R14.80, it's a Rand hedge yielding 10% !!! 


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#10 SoleTrader

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Posted 26 December 2017 - 06:31 PM

In at 1350, out at 1710. As you say, this market is on edge.
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#11 Bullhunter

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Posted 22 December 2017 - 06:54 PM

A market on edge.

 

News of non-executive director involved in a small, questionable deal with a Polish senator sent the share tumbling 20% in  a day. Like EOH, it was a great buying opportunity. I got some at R14.50, now recovered to R17.00 


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#12 Shi

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Posted 22 December 2017 - 09:10 AM

http://www.sharenet....08c6e6bdb658e6e


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“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll

#13 Bullhunter

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Posted 14 December 2017 - 05:34 PM

EPP continues to be well positioned to operate and benefit from favourable market conditions. The board is confident that the company will meet its 2017 full year dividend guidance of EUR10.8 cents per share.

 

EPP's dividend for the 12 month period to 31 December 2018 is forecast to increase by between 7.5% and 8.5%. That's in Euros!


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