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Terra Capital

16:55 on 21/11/2017

Current Price $0.99 | Bid $0.95 | Ask $1.00 | Change 0.00%

Company Overview

Terra Capital plc (formerly Speymill Macau Property Company plc) successfully completed the sale of the Company's real estate portfolio effective 31st January 2012. Following the liquidation of the property portfolio, the Board engaged in discussions with some Shareholders and it became apparent that a majority of Shareholders by value would like to maintain their investment in the Company and would support the continuation of the life of the Company following the adoption of a new investment objective and investing policy. The intention was that this restructuring of the Company would be undertaken alongside the appointment of an external investment manager, Terra Partners Asset Management Limited, a company owned by Howard Golden, Fillip Montfort and Yarden Mariuma. As part of the restructuring, the Company held an EGM on 24th May 2012 where it proposed to the shareholders to restructure the Company and, among other things, adopt a new Investing Policy. As part of the restructuring, the Company made a tender offer to shareholders to purchase ordinary shares in the Company at about 97.5% of NAV in order to give shareholders the opportunity to exit the Company at a very slight discount to NAV prior to the adoption of the new Investing Policy. As a result of the tender offer 36,896,674 shares were tendered meaning that some 66% of Investors elected to retain their holdings in the Company and in effect invest in the newly restructured Company. The Company's investment objective is to achieve capital appreciation while attempting to reduce risk primarily by applying a disciplined and diversified value investing philosophy.

Stock Details

EPIC TCA
ISIN IM00B1GJR404
Shares in Issue 68,299,236
Market cap $ 0.56m
Sector Real Estate Investment & Services
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover $4.80 million
Operating Profit $0.00 million
Dividend Yield 395.12
Dividend Per Share 3.24
Dividend Cover 0.00
P/E Ratio -0.49
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Price Summary

Mid Price ? $0.98
Bid Price ? $0.95
Ask Price ? $1.00
Volume ? 0
Change Today $0.00
% Change Today 0.00%
Open $0.00
Previous Close $0.98
Intraday High $0.00
Intraday Low $0.00
52 Week High $0.88
52 Week Low $0.79

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