Black Sea Property Plc

AQSE Growth Market

Black Sea Property PLC is a real estate company with a focus on investments in Bulgaria. The Board is seeking to create a diverse portfolio of opportunistic and value-added assets and may look at opportunities and investments in neighbouring countries.

The Board will seek to invest in:

Distressed residential projects, primarily in the largest cities in Bulgaria, which are close to completion and capable of generating sales revenue within 12 months from the initial investment;

Commercial buildings, primarily in Sofia, with opportunities to improve occupancy;

Hotels and holiday homes with opportunities to improve operations and cost structure; and

Distressed companies and assets that need restructuring and further financing, capable of offering a high growth potential.

The targeted size of each individual investment is anticipated to be in the range 5-20 per cent of the overall funds under management. The Company intends to use gearing levels of up to 70 per cent loan to value when acquiring real estate assets.

Symbol Ccy Code Bid Ask Mid Previous Close Volume Last Traded
BSP EUR 0.0115 0.0125 0.012 0.012 1250000 08/07/20

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Key Information

Market Cap:£21759883.236
Inst Type:Ordinaries
Tradable securities in issue:1,813,323,603
Sector:Real Estate Investment & Services

Latest Trades

Date & Time Volume Price
08/07/20  |  16:08:115000000.0115
08/07/20  |  16:07:595000000.011
08/07/20  |  15:36:502500000.01
15/06/20  |  14:09:47200000.011
17/04/20  |  11:25:212500000.0117
17/04/20  |  11:25:112500000.0115
27/03/20  |  12:53:457500000.0116
27/03/20  |  12:51:547500000.0115
26/03/20  |  15:28:45350000.011
04/03/20  |  11:55:331000000.0125

Latest Announcements

Date & Time Title
26/10/20  |  16:40:00Black Sea Property - Resignation of a Director
30/09/20  |  11:17:00Black Sea Property - Half-year Report
30/07/20  |  09:21:00Annual Financial Report
29/06/20  |  16:40:00Black Sea Property - Extension of Reporting Deadline
04/06/20  |  17:53:00Black Sea Property - Business and Covid-19 Update
12/03/20  |  14:43:00Black Sea Property - Change of Registered Office
25/02/20  |  14:18:00Black Sea Property - Completion of Acquisition in ECDC Group
31/01/20  |  17:03:00Black Sea Property - Acquisition
31/01/20  |  12:13:00Black Sea Property - Total Voting Rights
24/01/20  |  07:00:00Black Sea Property - Completion of EUR4.58m Placing and Debt Conversion


Business Address

Black Sea Property Plc, FIM Capital Limited, 55 Athol Street, Douglas, IM1 1AP, Isle of Man.

Phone: +44 (0)1624 681250

Registered Address

FIM Capital Limited, 55 Athol Street, Douglas, IM1 1AP, Isle of Man.


Corporate Adviser

Peterhouse Capital Ltd, 3rd Floor, 80 Cheapside, London, United Kingdom.


Phone: +44 (0)20 7469 0930


Share Registrars Ltd, The Courtyard, 17 West Street, Farnham, Surrey, GU9 7DR, United Kingdom.


Phone: 01252 821390


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