East Capital Explorer AB - Interim Report 1 January - 30

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
East Capital Explorer AB - Interim Report 1 January - 30 June 2014

Key events during the second quarter ·  In June, a pay-out was received of EUR 17.7m from the ongoing liquidation of East Capital Special Opportunities Fund II, which corresponds to 89 percent of the investment's value and gives an average annual return of -14.1 percent. The remaining part is expected to be paid out during the autumn of 2014 ·  In June, 1,481,049 shares were tendered for redemption under the redemption program, corresponding to an acceptance level of 94 percent. A total of EUR 13.6m (SEK 123m) was thereby transferred to the company's shareholders. All redeemed shares have been cancelled ·  In May, the acquisition of Vilnius Business Harbour and neighboring land plot was completed for a total purchase price of EUR 61.6m, of which East Capital Explorer's equity commitment, paid in cash, was EUR 22.3m. The current yield level of the A class office building is 7 percent ·  In April, a number of changes were made to the fee structure agreement with East Capital Explorer's investment manager East Capital, resulting in a positive earnings effect of EUR 9.0m from reversed performance fee provisions Financial results for the second quarter ·  The Group's net result for the second quarter was EUR 23.7m (-12.1m), including EUR 23.8m (-12.0m) related to changes in value of investments. Earnings per share amounted to EUR 0.77 (-0.39) for the quarter ·  Net asset value (NAV) per share on 30 June 2014 amounted to EUR 9.95 (8.92)[1]. The total NAV, after payment of EUR 13.6m to shareholders under the redemption program, amounted to EUR 298m (280m), an increase of 6.3 percent compared to the corresponding period 2013 and 3.3 percent compared to the previous quarter ·  Cash, cash equivalents and other short term investments on 30 June amounted to EUR 16.4m (7.1m) Financial results for the first half year ·  The Group's net result for the first half year was EUR 2.6m (-6.0m) and earnings per share amounted to EUR 0.08 (-0.19) ·  Net asset (NAV) per share increased by 1.0 percent, from EUR 9.85 to EUR 9.95 during the first half of 2014. Total NAV decreased by 3.7 percent, after payment of EUR 13.6m to shareholders under the redemption program ·  The closing price of the East Capital Explorer share as of 30 June 2014 was SEK 57.75 (EUR 6.31), a decrease of 7.2 percent from year-end 2013 -------------------------------------------------------------------------------- [1] Comparable figures in brackets refer to the corresponding period 2013 [HUG#1850109]

Scroll down for more posts ▼

Top 10 Most Recent News Articles

IDEAYA's IDE101: A New Front in Cancer Battle

Updated Category News Views 9

IDEAYA's Bold Move in Precision Medicine IDEAYA Biosciences, no stranger to the frontlines of cancer treatment, is gunning for a breakthrough with their latest pick, IDE101. They're jumping into the ring with a potential first-in-class inhibitor targeting CDKN2A-deficiency—a notorious player in the solid tumor game. They're not just mixing things up for the sake of it;...

Continue Reading
Championing Change: USTA Mid-Atlantic Gala's Impact

Updated Category News Views 189

A Night to Remember: USTA Mid-Atlantic's Gala Who would've thought tennis could wield such transformative power? This ain't your average sport gala. Last Saturday, a crowd of over 300 gathered at the Ritz-Carlton Tysons Corner for the USTA Mid-Atlantic Foundation's 2026 Tennis Creates Gala. Hosted by the formidable Malika Andrews, this event wasn't just a fancy...

Continue Reading
Investors Gear Up for Lennar Class Action Lawsuit

Updated Category News Views 144

High Stakes and Hard Hits for Lennar Stockholders There’s rarely a dull moment in the world of Wall Street, and Lennar Corporation (NYSE: LEN) is proving that rule right now. As a whiff of scandal wafts through the air, the famed homebuilder and its bigwigs are staring down the barrel of a formidable class action lawsuit. The question is, just how deep do the alleged...

Continue Reading
HONGQI's EHS4 Launch in Europe: Bridging East and West

Updated Category News Views 290

Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...

Continue Reading
KINGRVER Boosts RV Comfort with New Water Heater Lineup

Updated Category News Views 110

An Upgrade for the Open Road In the land of RV living, comfort is king—or in this case, KINGRVER. Dropping affordable upgrades for water heaters into the world of RVs, KINGRVER's CT6 lineup is like a warm hug on a chilly campsite morning. Whether you've pulled up to a wooded retreat or parked under the vast desert sky, having dependable hot water shouldn't be a gamble....

Continue Reading
Beef 'O' Brady's Expands Into Tuscaloosa Market

Updated Category News Views 91

A New Player in Town: Beef 'O' Brady's Lands in Tuscaloosa Listen up, sports fans and pub grub lovers of Tuscaloosa! Beef 'O' Brady's just kicked down the doors and expanded its reach, opening a location smack on McFarland Boulevard. The place threw open its doors on October 26 and is set to make waves in the local scene, driven by the dedicated hands of Mitul Patel and...

Continue Reading
Novo's CagriSema Trials Show Promising Weight Loss

Updated Category News Views 188

Decoding CagriSema's Promise Let me tell you, when those corporate folks from Novo Nordisk announce something big like their investigational drug CagriSema at ObesityWeek® 2026, it’s time to take notice. This isn’t just your average press release about some new weight loss fad. We’re talking about a phase 3 REDEFINE 1 trial that opens up a treasure chest of data...

Continue Reading
Uber Data Breach: Class Action Investigation Begins

Updated Category News Views 215

When Tech Meets Trouble: Uber's Data Breach Picture this: the hum of Uber rides weaving through your city, drivers none the wiser that personal info has been pried from the vaults thanks to their tech partner, Fireworks AI. Uber, folks, is in hot water once again. This isn’t just another tech hiccup; it's a legal whirlwind brewing up courtesy of Edelson Lechtzin LLP, a...

Continue Reading
Employment Law Suit Hits ABC: Alleged Wage Violations

Updated Category News Views 79

ABC Under Fire for Labor Code Violations You know it's a rocky road when a company like American Broadcasting Companies, Inc. lands itself in hot water with accusations riding high on labor law violations. People yapping about lunch breaks? Well, that’s the ball game here. Meal and Rest Break Controversies According to a recent lawsuit filed by Blumenthal Nordrehaug...

Continue Reading
InstaHeat 35K: FOGATTI Offers Upgraded RV Furnace Control

Updated Category News Views 133

Winter RV Trips Just Got Cozier There's nothing quite like hitting the open road in an RV during the winter months. But let's face it, nobody wants to return to a cabin that's as frigid as the great outdoors. Here's where FOGATTI steps up its game with the InstaHeat Ultra 35K RV Furnace. They’ve tinkered with the thermostat to iron out more precise control, just in time...

Continue Reading

Top 5 Most Recently Viewed Articles

Katherine Elmore-Jones Enhances Nuveen's Private Equity Team in Europe

Updated Category News Views 127

Nuveen Private Capital Strengthens Its European Focus In a significant move to enhance its European operations, Nuveen Private Capital has appointed Katherine Elmore-Jones as the new Partner and Head of Private Equity Business Development in Europe. This decision marks a pivotal step for Nuveen as it looks to deepen its relationships with institutional investors...

Continue Reading
McDonald's Türkiye Introduces Exciting FRIENDS Meal Combo

Updated Category News Views 307

McDonald's Türkiye Unveils the FRIENDS Meal In a delightful twist to its menu, McDonald's Türkiye has introduced the highly anticipated FRIENDS Meal, capturing the hearts of loyal fans of the iconic TV show. With a blend of beloved menu items and novelty collectibles, this limited-time offering is set to enhance the fast-food experience for customers, merging nostalgia...

Continue Reading
Maxeon Solar Technologies Reports Financial Insights for 2025

Updated Category News Views 358

Maxeon Solar Technologies' Revenue Decline The financial results for the first half of 2025 revealed a revenue of $39 million for Maxeon Solar Technologies. Strategic Shift Amid Industry Challenges Facing continued pressure from market conditions, Maxeon is undergoing significant business transformation aimed at enhancing fiscal discipline. CEO Commentary on CBP...

Continue Reading
Fangzhou Inc. Earns Prestigious Award for AI Healthcare Innovation

Updated Category News Views 292

Fangzhou Inc. Celebrates Recognition at Industry Development Conference In a remarkable demonstration of its commitment to healthcare innovation, Fangzhou Inc. (HKEX: 06086), a prominent provider of AI-driven internet healthcare solutions, recently earned the "Social Responsibility Golden Bull Award" during a notable industry conference. This accolade, awarded at the...

Continue Reading
Malibu Boats Partners with IWWF for a Brighter Watersports Future

Updated Category News Views 187

Malibu Boats and IWWF Join Forces for a Global Partnership Malibu Boats, Inc. (NASDAQ: MBUU), well-known as a leader in performance sport boats, is thrilled to announce a groundbreaking six-year global partnership with the International Waterski & Wakeboard Federation (IWWF). This collaboration, commencing on January 1, 2026, is set to enhance the experience of...

Continue Reading