KDD Group NV Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.8980846
By dicko80 ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8980846&action=detail Tue, 22 Nov 2011 15:02:00 GMT dicko80 tag:iii.co.uk,2003:tst.8912524 http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8912524&action=detail Fri, 04 Nov 2011 07:56:00 GMT dicko80 tag:iii.co.uk,2003:tst.8912351
If he makes an offer to minority s/hs (at what price?), the Co would be de-listed, which makes no sense as its shares would be illiquid, less valuable etc.

I think there are 2 scenarios going forward -

1- he builds the Co up, by supporting it now that things are tough and makes a bundle within 2-3 years, when the projects are completed and sold OR (the bad scenario)
2- if/when the projects run out of cash (assuming the Co cannot borrow more), he goes for a dilutory (for us) Placing or Rights Issue and increases his stake.

I think this is the more unlikely scenario, given the track record of the guy and the fact that KDDG is not his only "baby", plus he 'd probably want to build his reputation in the City, not ruin it.
Odds 70:30 for 1st Scenario. By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8912351&action=detail Fri, 04 Nov 2011 06:10:00 GMT longtermBLVR tag:iii.co.uk,2003:tst.8911560 Majority stake in KDD Group sold to Verevskiy
KDD Group announced that the company’s majority owner Alexander Levin has sold a
combined stake of 68.2% to Groumon Development, a company controlled by Andriy
Verevskiy, the founding shareholder and chairman of Kernel Group. Verevskiy will pay
$16 mln (around GBP10 mln) for the stake, implying a price of $0.14 per share, or
approximately 30% below the market price.
KDD Group will soon announce changes in the supervisory board to reflect the
representation of the new owner, though the current management will remain in place.
At the same time, Verevskiy has stated that he will not be involved in daytoday
management of KDD Group and believes in its longterm potential. The announcement
did not contain information on whether the new owner intends to make a buyback offer
to KDD Group minority shareholders after acquiring a majority stake in the company.
Troika’s view: We see the transaction as a positive development for KDD Group.
Although it is subject to approval by the AntiMonopoly Committee, we do not believe
it will face any obstacles at this stage. We believe that the advent of the new owner
should give a boost to the pace of construction at KDD Group’s key projects Sky Towers
and PecherSky. For both of these projects the company has outstanding credit lines, but
construction of the largescale SkyTower project has been rather slow in recent months
and we do not rule that talks to sell the company were one of the key reasons for this. By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8911560&action=detail Thu, 03 Nov 2011 18:56:00 GMT longtermBLVR tag:iii.co.uk,2003:tst.8904994
To sell out at 9p means that these guys were desperate for cash.

What does this mean for the Co? That it will not run out of cash. Future will tell about any possible dilution when/if cash needs to be raised.

What about us? No dilution for now, but maybe soon?
If SP rises by then, due to reduced risk of bankruptcy, maybe possible dilution will not hurt so much.

We will see what Brokers say about this transaction - I will post any research I find, when issued. By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8904994&action=detail Wed, 02 Nov 2011 09:36:00 GMT longtermBLVR tag:iii.co.uk,2003:tst.8904751 http://www.propertyxpress.com/news/Ukrainian_Businessman_Acquires_68_Pct_Stake_in_KDD_Group-020276
November 02, 2011, 8:32, (Property Xpress) - KDD Group, a holding company operating in the Ukrainian real estate market, has attracted a strategic investor ...


This article contains 157 words.

The rest of this article is for Property Xpress users, subscribed to the SEE and Ukraine market only.

Please sign in using the login form in the upper right corner of the homepage or start your subscription for the SEE and Ukraine news market here. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8904751&action=detail Wed, 02 Nov 2011 08:49:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8885946
still wtching By dicko80 ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=8885946&action=detail Thu, 27 Oct 2011 14:45:00 GMT dicko80 tag:iii.co.uk,2003:tst.7878343
Date: 28 February 2011

Category: Development

AIM-listed developer KDD Group has signed an agreement with engineering company Kyiv Zhytlo-Invest, the general contractor of its flagship Sky Towers office and hotel project in Kiev, for the development of the scheme involving construction costs of roughly $455 mln (EUR 331 mln).

In total, the project will require an investment of just over $512 mln (EUR 371), $110 mln of which have already been paid.

Sky Towers is a premium business centre located on a 0.74 hectare freehold site at the edge of the Central Business Distrcit.

The project is designed to have two towers, ranging from 34 to 47 storeys, with a gross area of 225,000 m2.

The construction will be completed in four phases, with Phase I involving a 250-room hotel due for completion in May 2012, in time for the Euro 2012 football championships.

The last phase is planned to be completed in mid-2013.

Separately, KDD announced that it has signed a loan agreement with the Ukrainian Export-Import Bank for a new $58 mln credit facility for its PecherSky residential project.

Construction of PecherSky was suspended in late 2008 on the back of the credit crunch.

http://www.propertyeu.info/index-newsletter/kdd-to-invest-512m-in-sky-tower-development/ By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7878343&action=detail Mon, 28 Feb 2011 08:38:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7805808
KDD Group has provided progress updates on it SkyTowers mixeduse complex and
PecherSky residential complex. The group’s subsidiary that manages PecherSky signed
credit agreement on February 9 with stateowned Ukreximbank, which will provide a
credit line of up to UAH467.6 mln ($58.4 mln) maturing in December 2012. The loan
will be used to complete PecherSky, which was frozen on the eve of the financial crisis
after Ukrsotsbank recalled its financing. The company further stated that it has already
restarted construction at the site and expects to commission the project by August 2012.
In addition to this, KDD Group issued an update on its largest flagship project,
SkyTowers. The group, together with general contractor Zhytlo Invest, decided to
change the construction company for the project from OsnovaSolsif to Turkey’s
Ant Yapi. The total costs for the project are now expected to reach $454.8 mln (net of
VAT), and it will be carried out in four phases, the first being part of the hotel tower
with 250 rooms, planned for completion by the 2012 UEFA European Football
Championship (Euro 2012).
Troika’s view: The reported development regarding PecherSky is positive for
KDD Group, in our view, as the provided credit line should be enough to fully complete
the project without the need to engage in discounted presales. At the same time, if an
acute need to finance other projects arises, the developer can start generating cash
flow from presales as early as mid2011. The reported progress on SkyTowers is
positive for sentiment, and during the recent site visit we saw visibly active construction
works after the building company was changed. Despite the reported progress with
SkyTowers, the considerable increase in the project’s total costs raises concerns. But
breaking the project into phases is a positive step, as the existing credit line from
Ukreximbank should be enough to complete the first stage and put it into use for the
Euro 2012. We will account for the increased cost and phasing of the SkyTowers
project, but for now maintain our BUY recommendation on the stock given the visible
progress being made in key projects. By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7805808&action=detail Tue, 15 Feb 2011 15:01:00 GMT longtermBLVR tag:iii.co.uk,2003:tst.7803980 http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7803980&action=detail Tue, 15 Feb 2011 11:37:00 GMT The Haymaker tag:iii.co.uk,2003:tst.7781555
TIDMKDDG

RNS Number : 0869B

KDD Group NV

11 February 2011

11 February 2011

KDD Group N.V.

("KDD Group" or the "Group")

Update on Sky Towers project

KDD Group (AIM: KDDG), the holding company of one of Ukraine's leading real estate investment and development groups, today announces an update regarding the Group's flagship Sky Towers office and hotel project ("Sky Towers" or the "Project").

KDD Group's subsidiary and the holding company for the Project, Agency of Office Construction Ltd., has signed an additional agreement with Sky Tower's general contractor, the engineering company Kyiv Zhytlo-Invest, which reflects new construction costs as follows:

- construction costs will equal US$ 454.8 million (including VAT);

- total costs of the Project (including VAT, purchase of land, design, construction, fitting, administrative and marketing expense) will be US$ 512.2 million; and

- to date, approximately US$ 110 million has already been paid.

The construction will be completed in four phases, with the first phase to be completed in May 2012, in time for the EURO-2012 (250 rooms of the hotel section of the Project) and with the last phase to be completed in mid-2013.

In addition, the engineering company Kyiv Zhytlo-Invest, together with KDD Group, has decided to replace the key construction contractor engaged with respect to the Project and, accordingly, has signed a letter of intent with a Turkish construction company, ANT YAPI, for completion of the majority of the outstanding construction works on the Project. ANT YAPI has already replaced the previous key contractor, the Ukrainian-French joint venture Osnova-Solsif, on the construction site.

According to results of ENR (Engineering News Record) Magazine's 2009 research, ANT YAPI was ranked 70th amongst the top 225 international contractors. Established in 1991, ANT YAPI is active and has wide experience in all segments of construction, including hotels, residential, office, retail and entertainment and social infrastructure, with focus on the Turkish, Russian and Ukrainian markets. In Russia alone, ANT YAPI has completed 30 projects and currently has 15 projects ongoing, which include the Tower of Moscow (73 floors), the Tower of St. Petersburg (62 floors) and the Federation Towers (62 floors).

For further information, please visit: http://www.kddgroup.com.ua/ or contact:

KDD Group Tel: +38 050 516 6091
Petro Radchuk
Strand Hanson Limited Tel: +44 207 409 3494
Stuart Faulkner / James Spinney www.strandhanson.co.uk

Notes to editors:

KDD Group is the holding company of one of Ukraine's leading real estate investment and development groups. The Company holds a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects. The Company currently has nine projects, of which three are in the construction phase and six are at various stages of design and development. These projects, which have a total planned gross area of approximately 2.7 million square metres, are located in the capital region of Kyiv with the exception of one residential project in L'viv.

This information is provided by RNS

The company news service from the London Stock Exchange

END
MSCTBMLTMBABMRB

(END) Dow Jones Newswires

11-02-11 1000GMT
By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7781555&action=detail Fri, 11 Feb 2011 10:01:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7629603
1.20 is the rate now (GBP/EUR), not 1.14, but;

By March, we should have the revised (upwards?) NAV for 31 Dec 2010, which we'd expect to show a decent rise, both due to the progress in building and the stabilisation of Kiev property prices. By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7629603&action=detail Tue, 18 Jan 2011 10:26:00 GMT longtermBLVR tag:iii.co.uk,2003:tst.7626141 http://www.igmarkets.co.uk/content/files/ukratings_17jan_igmpm.pdf29th

62p target
........................................

My post 17th Oct..


sept 2010



The Company's net asset value, as at 30 June 2010, increased by approximately EUR 40.4 million to EUR 256.9 million, compared to the value as at 31 December 2009. This increase contributed towards the Group's net profits of EUR 3.9 million, for the six months ended 30 June 2010, together with the positive impact of EUR 36.4 million from the translation from UAH to EUR as a presentation currency.



256.9m / fx rate 1.14 = £225.35m



NAV = £225.35 / 162.687763m shares =



138.51p



current sp 25p



Fair value IMO 69p (50% discount to NAV)


......................................

Not bad

Dicko

By dicko80 ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7626141&action=detail Mon, 17 Jan 2011 19:11:00 GMT dicko80 tag:iii.co.uk,2003:tst.7569854
http://translate.google.co.uk/translate?hl=en&sl=ru&u=http://www.skyscrapercity.com/showthread.php%3Ft%3D279366%26page%3D18&ei=jyPYTKyGPIyTjAfKjMyxCQ&sa=X&oi=translate&ct=result&resnum=9&ved=0CEwQ7gEwCA&prev=/search%3Fq%3D%25D0%2597%25D0%2590%25D0%2593%25D0%25A1%2B%25D0%259A%25D0%25B8%25D0%25B5%25D0%25B2%2Bkdd%2Bgroup%26hl%3Den By NOJUS ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7569854&action=detail Sat, 08 Jan 2011 19:51:00 GMT NOJUS tag:iii.co.uk,2003:tst.7468146
Just shows the potential and what is to follow once the Ukrainian real estate market turns and the liquidity taps open...No rush, wait one more year and see what happens...DYOR By longtermBLVR ]]> http://www.iii.co.uk/investment/detail?code=cotn:KDDG.L&display=discussion&id=7468146&action=detail Fri, 17 Dec 2010 20:18:00 GMT longtermBLVR