McCrae Posted January 10, 2012 Share Posted January 10, 2012 The apparent desperation to see him fail and the subsequent glee taken by some Hearts supporters is sickening. The man never stood a chance. The only person responsible for Romanov failing is Romanov! A lot of people tried to help him succeed, but ended up walking away from him because of how he acted. He couldn't be trusted to deliver on promises and no one wants to do business with someone they can't trust. I think this is great news, the sooner we move to a post Vlad era, the better it is for Hearts. Link to comment Share on other sites More sharing options...
topcat Posted January 10, 2012 Share Posted January 10, 2012 Yes it was It was pitched for finance at a presentation at Cannes as a 5 star hotel..maybe you should stick to open days Looks like my ignorance has been well and truly shown up I genuinely didn't know they had a Greggs in Cannes Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 10, 2012 Share Posted January 10, 2012 Eccentric businessman loses money on vanity purchase. Link to comment Share on other sites More sharing options...
Harry Palmer Posted January 10, 2012 Share Posted January 10, 2012 wibble wibble wibble waah waah waah. Link to comment Share on other sites More sharing options...
audrey65 Posted January 10, 2012 Share Posted January 10, 2012 What a joke figure and people on here espouse what a clever and astute businessman he is. Not only did he buy at or near the peak apparently he didn't do any proper due diligence on the building and/or what was required to do any work on it. Anyway only goes to prove what I said the other week - ubig obviously need cash and ARE prepared to take a haircut on its initial investment price to get it. Hopefully good news for us in getting rid of the tool. Thats a bit harsh. No one knew it was the peak at the time. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 10, 2012 Share Posted January 10, 2012 PS I'd like to be an eccentric millionaire and make vanity purchases. I'd also like the Kickback massive to be about my vanity purchases. Envy is a terrible thing. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted January 10, 2012 Share Posted January 10, 2012 A promienent poster told me before Xmas it was going to sold to a down market hotel chain.... i.e travelodge etc.. A possibilty. Travelodge have iirc 5 properties in Edinburgh but want 7 in total. I'm sure they'd love that location if the conversion costs are not prohibitive. Link to comment Share on other sites More sharing options...
portobellojambo1 Posted January 10, 2012 Share Posted January 10, 2012 worked for me. I suspect it is more just shedding any UK interest rather than being desperate for cash. I would agree with this. I think it is an indication that their venture into the UK has been deemed a failure, with a capital F, and they are now offloading everything and retreating home to think again. Don't they also have a building in Castle Street/Frederick Street (somewhere in that area) or was that just office space they were renting along there. To me it also gives an idea of the value of the land on which Tynecastle stands. If a prime site with superb potential in the centre of Edinburgh is deemed to now be worth around ?10 million, at a push (I'm sure I read somewhere that a property developer/specialist indicated he (Romanov) had purchased it for around ?20 million and would be doing very well to get close to ?10 million now), it makes some of the suggestions that land in Gorgie might now be worth around ?5 million much more believable Link to comment Share on other sites More sharing options...
Drylaw Hearts Posted January 10, 2012 Share Posted January 10, 2012 A possibilty. Travelodge have iirc 5 properties in Edinburgh but want 7 in total. I'm sure they'd love that location if the conversion costs are not prohibitive. Travelodge have about a dozen hotels in Edinburgh. Link to comment Share on other sites More sharing options...
scott_jambo Posted January 10, 2012 Share Posted January 10, 2012 If UBIG were strapped for cash, surely they would keep the asset and rent the city centre property out for an extortionate (but market value) price. Sounds more likely that this is a strategic effort to pull their UK based interests and invest somewhere more lucrative, rather than a panic "HOLY SHIZZ I NEED MUNEY QUICK11!!" effort. Link to comment Share on other sites More sharing options...
bighusref Posted January 10, 2012 Share Posted January 10, 2012 If this doesn't prove that Vladimir Romanov's favourite sandwich filling is Chicken Tikka, I don't know what ever will. Link to comment Share on other sites More sharing options...
Tynecastle Valhalla Posted January 10, 2012 Share Posted January 10, 2012 Changes to Empty Property Rates Relief will see more such sales. agreed although this building will be listed in which case there is no empty rates liability Link to comment Share on other sites More sharing options...
brownkg Posted January 10, 2012 Share Posted January 10, 2012 agreed although this building will be listed in which case there is no empty rates liability If you are suggesting that the 70's carbuncle that is west register street building is listed then you must be in a minority of 1 Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted January 11, 2012 Share Posted January 11, 2012 Travelodge have about a dozen hotels in Edinburgh. If so it must have been 7 new ones and 5 have been finished. It was information from someone in the hospitality industry. Link to comment Share on other sites More sharing options...
the general Posted January 11, 2012 Share Posted January 11, 2012 If so it must have been 7 new ones and 5 have been finished. It was information from someone in the hospitality industry. lol just admit that you were talking nish lad Link to comment Share on other sites More sharing options...
Tasavallan Posted January 11, 2012 Share Posted January 11, 2012 Sounds more likely that this is a strategic effort to pull their UK based interests and invest somewhere more lucrative, rather than a panic "HOLY SHIZZ I NEED MUNEY QUICK11!!" effort. Sounds like this to me also. Romanov has clearly fallen out of love with Scotland and obviously wants to concentrate elsewhere. UBIG as a company makes most of its money from the bauxite/aluminium market. The price of aluminium has dropped by 30% over the past year so I can see why UBIG might be re-structuring. Link to comment Share on other sites More sharing options...
Jambosr1985 Posted January 11, 2012 Share Posted January 11, 2012 "The St Andrews sq deal is held up as the worst in Edinburgh" Usual rubbish from piemans ally in days gone by, too many beers in Waverley methinks as facts and fiction are confused a lot these days. Link to comment Share on other sites More sharing options...
John Gentleman Posted January 11, 2012 Share Posted January 11, 2012 Sounds like this to me also. Romanov has clearly fallen out of love with Scotland and obviously wants to concentrate elsewhere. UBIG as a company makes most of its money from the bauxite/aluminium market. The price of aluminium has dropped by 30% over the past year so I can see why UBIG might be re-structuring. Aye, it's heading south right enough...... Alumina (Aluminium) Moving Price Charts Look at the 15 year chart. Apart from a peak between '05 and 07 (Vlad's big-spending 'vanity' years, perhaps coincidentally?) it's pretty much downhill all the way. The short-term spike in '11 was due to the tsunami in Japan. Yon' plant in Bosnia is puportedly the jewel in the Romanov empire's crown - the cash cow. With the price going down and costs going uncontrollably up (producing aluminium consumes a HUGE amount of energy) the cash cow will be running out of milk. I reckon this is the real issue at the core of all else. The cash cow's tits are drying up and every entity even remotely related to it is scrambling for liquidity. Anybody in the market for a cheap, pre-loved, Soviet era submarine? Link to comment Share on other sites More sharing options...
Colonel Kurtz Posted January 11, 2012 Share Posted January 11, 2012 "The St Andrews sq deal is held up as the worst in Edinburgh" Usual rubbish from piemans ally in days gone by, too many beers in Waverley methinks as facts and fiction are confused a lot these days. dont go in the Waverley much full of ******..are you one of them Tell me a worse deal then..the timing was wrong,price was excessive ,current loss of about 60% mark to market Remind me what is the current value of Tynecastle compared to the Cala deal,in respect of ratio to debt. Wasnt the piemans ally as much as I recognised and predicted the problems of not having a what if we succeed strategy Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted January 11, 2012 Share Posted January 11, 2012 lol just admit that you were talking nish lad lol no. As it's what I was told albeit I got some info incorrect. Lad! Also told me there are very few in the city of Glasgow as it's property prices are higher (for their needs anyway). Link to comment Share on other sites More sharing options...
Francis Albert Posted January 11, 2012 Share Posted January 11, 2012 dont go in the Waverley much full of ******..are you one of them Tell me a worse deal then..the timing was wrong,price was excessive ,current loss of about 60% mark to market Remind me what is the current value of Tynecastle compared to the Cala deal,in respect of ratio to debt. Wasnt the piemans ally as much as I recognised and predicted the problems of not having a what if we succeed strategy RBS acquisition of ABN AMRO? I can imagine Edinburgh businessmen mocking Vlad over their Macallans while musing about whether it's too soon to invite poor old Fred back to the golf day or shoot. Link to comment Share on other sites More sharing options...
soonbe110 Posted January 11, 2012 Share Posted January 11, 2012 Aye, it's heading south right enough...... Alumina (Aluminium) Moving Price Charts Look at the 15 year chart. Apart from a peak between '05 and 07 (Vlad's big-spending 'vanity' years, perhaps coincidentally?) it's pretty much downhill all the way. The short-term spike in '11 was due to the tsunami in Japan. Yon' plant in Bosnia is puportedly the jewel in the Romanov empire's crown - the cash cow. With the price going down and costs going uncontrollably up (producing aluminium consumes a HUGE amount of energy) the cash cow will be running out of milk. I reckon this is the real issue at the core of all else. The cash cow's tits are drying up and every entity even remotely related to it is scrambling for liquidity. Anybody in the market for a cheap, pre-loved, Soviet era submarine? Think you need to take another look at the charts. Even with the recent drop in price it's still about 30% higher than it was 15 and 10 years ago. The other factor that needs to be taken into account is the volume or quantity of Aluminium that Vlad's businesses have been producing. I suspect with the growth in China etc the volumes have been growing rapidly. Ubig also own a number of the energy producing plants in the Balkan region. Link to comment Share on other sites More sharing options...
topcat Posted January 11, 2012 Share Posted January 11, 2012 dont go in the Waverley much full of ******..are you one of them Tell me a worse deal then..the timing was wrong,price was excessive ,current loss of about 60% mark to market Remind me what is the current value of Tynecastle compared to the Cala deal,in respect of ratio to debt. Wasnt the piemans ally as much as I recognised and predicted the problems of not having a what if we succeed strategy This is beginning to look like a Therapist tribute act Link to comment Share on other sites More sharing options...
topcat Posted January 11, 2012 Share Posted January 11, 2012 Think you need to take another look at the charts. Even with the recent drop in price it's still about 30% higher than it was 15 and 10 years ago. The other factor that needs to be taken into account is the volume or quantity of Aluminium that Vlad's businesses have been producing. I suspect with the growth in China etc the volumes have been growing rapidly. Ubig also own a number of the energy producing plants in the Balkan region. Your looking at the dollar price. Thanks to currency fluctuations the Lithuanian price is almost exactly the same as it was 15 years ago at just under 2.50LIT/Lb Link to comment Share on other sites More sharing options...
Jam Tarts 1874 Posted January 11, 2012 Share Posted January 11, 2012 So many would be property tycoons and experts on here. Link to comment Share on other sites More sharing options...
the general Posted January 11, 2012 Share Posted January 11, 2012 This is beginning to look like a Therapist tribute act who he? Link to comment Share on other sites More sharing options...
Der Kaiser Posted January 11, 2012 Share Posted January 11, 2012 If you knocked down the building at St Andrew Square...............could you fit a fitba pitch there....with 4 stands? Personally I think Vlad will replace it with a 200ft bronze statue facing towards easter road depicting one of these images Link to comment Share on other sites More sharing options...
Jambosr1985 Posted January 11, 2012 Share Posted January 11, 2012 U talk some pooh colonel a bit like your pal pieman. Link to comment Share on other sites More sharing options...
soonbe110 Posted January 11, 2012 Share Posted January 11, 2012 Your looking at the dollar price. Thanks to currency fluctuations the Lithuanian price is almost exactly the same as it was 15 years ago at just under 2.50LIT/Lb Yes and trading will be done in $$$. Unless Vlad's people are stupid enough to immediately transfer business done in Bosnia in US$ immediately into Lith Lita then I would imagine he is doing just fine. The $$$$ will be stashed away until currency rates are favourable for wherever he wants to spend his money. Wouldnt be surprised if he is making money on currency as well. Link to comment Share on other sites More sharing options...
Colonel Kurtz Posted January 11, 2012 Share Posted January 11, 2012 U talk some pooh colonel a bit like your pal pieman. stinging and witty reposte ...for a 5 year old Link to comment Share on other sites More sharing options...
Raoul9 Posted January 11, 2012 Share Posted January 11, 2012 Am I missing something here or does it say on our property website that the building cost the owners ?4m? Link to comment Share on other sites More sharing options...
topcat Posted January 11, 2012 Share Posted January 11, 2012 Yes and trading will be done in $$. Unless Vlad's people are stupid enough to immediately transfer business done in Bosnia in US$ immediately into Lith Lita then I would imagine he is doing just fine. The $$ will be stashed away until currency rates are favourable for wherever he wants to spend his money. Wouldnt be surprised if he is making money on currency as well. Given the way that the Dollar fell against the Lita over the time period in question it wouldn't have been the most "stupid" thing for people running a Lithuanian company to do. If it's "stashed away" in USD then he's losing ,as opposed to making, money on currency as well. Aside from that you make some good points Link to comment Share on other sites More sharing options...
John Gentleman Posted January 12, 2012 Share Posted January 12, 2012 Think you need to take another look at the charts. Even with the recent drop in price it's still about 30% higher than it was 15 and 10 years ago. The other factor that needs to be taken into account is the volume or quantity of Aluminium that Vlad's businesses have been producing. I suspect with the growth in China etc the volumes have been growing rapidly. Ubig also own a number of the energy producing plants in the Balkan region. I think you need to have a look at few of the other commodities charts on that link. Australia produces huge quantitiies of, cheap-to-extract, bauxite. It flogs most of it to China and India. China, in particular, has been grabbing global market share for aluminium at an exponential rate (you only have to look in the aluminium foil section of your supermarket to confirm that). I don't think for a moment that Vlad's plant has exported one ounce of bauxite, alumina or finished aluminium to China. Link to comment Share on other sites More sharing options...
John Gentleman Posted January 12, 2012 Share Posted January 12, 2012 I think you need to have a look at few of the other commodities charts on that link. Australia produces huge quantitiies of, cheap-to-extract, bauxite. It flogs most of it to China and India. China, in particular, has been grabbing global market share for aluminium at an exponential rate (you only have to look in the aluminium foil section of your supermarket to confirm that). I don't think for a moment that Vlad's plant has exported one ounce of bauxite, alumina or finished aluminium to China. ....and furthermore, here's the latest results I can find about Birac (first 6 months of calendar year '11), plus a bit of 'previous': Bloomberg Businessweek Link to comment Share on other sites More sharing options...
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