Centerline Holding Co (fka CLNH)

[Renee]

CLNH: Acquired. Shareholders receive $39.89 per share. Deletion time: 8:21:41

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/15/2013&mkt_ctg=NON-OTCBB

[pennyvestor]

Centerline Holding Company Shareholders Approve Acquisition by Hunt

Press Release: Centerline Holding Company (CharterMac) – 57 minutes ago

New York, NY - June 12, 2013 - Centerline Holding Company (CLNH) ("Centerline" or the "Company") today announced that the shareholders of Centerline approved the acquisition of Centerline by Hunt Capital Partners, LLC, the affordable housing division and an affiliate of Hunt Companies, Inc. ("Hunt") pursuant to the previously announced merger agreement between the Company and an affiliate of Hunt.

Shareholders holding a majority of the Company`s outstanding common shares delivered written consents to approve and adopt by the merger agreement and the merger. With this action, the shareholder approval condition to the closing of the merger has been satisfied.

The closing of the merger remains subject to a number of other conditions, such as obtaining regulatory and licensor approvals and third-party consents, including from the Company`s various lenders, as well as other customary closing conditions. The merger is currently expected to close in the third quarter of 2013.

[pennyvestor]

Hunt to Acquire Outstanding Common Shares of Centerline for $39.89 Per Share

New York, NY - June 12, 2013 - Centerline Holding Company (CLNH) ("Centerline" or the "Company") and Hunt Capital Partners, LLC, the affordable housing division and an affiliate of Hunt Companies, Inc. ("Hunt"), today announced the entry into a definitive agreement and plan of merger (the "Merger Agreement") between the Company and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share. In April 2013, an affiliate of Hunt acquired 978,274 of the Common Shares of the Company, representing approximately 41% of the Common Shares outstanding.

http://finance.yahoo.com/news/centerline-holding-company-hunt-announce-130505261.html

[pennyvestor]

This is worth $78.39 a share. See below:

Taken from page 11 of the CHC-Fins3-31-13
$186,776,000 Total Equity divided by 2,382,742 shares outstanding = $78.39 a share.

Taken from page 12 of the CHC-Fins3-31-13
Comprehensive income = 11,242,000 divided by 2,382,742 shares outstanding = $4.72 a share.

Wow I'd say we are way undervalued here. This is why Hunt wants this.

3-31-13 financials posted on the CLNH website. Link below:

http://www.centerline.com/wp-content/uploads/CHC-Fins3-31-13-Posting.pdf

[Renee]

CLNH: 1-5,000 Reverse Split immediately followed by a 35-1 Forward Split; 1-5,000 Reverse Split, pursuant to which all holders of fewer than 5,000 shares pre-split will be cashed out by the Issuer at $0.07 per share on a pre-split basis. Followed by a 35-1 Forward Split, with any resulting fractional shares also being purchased at $0.07 per share on a pre-split basis.

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/13/2013&mkt_ctg=NON-OTCBB

[stockquest]

could someone explain to me the reverse split process
like i am a tad confused here.
for instance If i buy 10k shares after the reverse split i have 5k shares remaining...then it does a 35 to 1 f/s?? is this how i am to understand this ?
thank you for any info

[Penny Roger$]

Maybe will continue next week as well.

[Major_Bankz]

up big today.

[Penny Roger$]

ibox chart looks good imo..

[Penny Roger$]

~ $CLNH ~ Parabolic SAR Buy Signals ~ Criteria alert for last trading session!

$CLNH has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
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To find other similar posts of "CLNH" utilize the links that follow.
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[RonnieD]

All you have to do is get over 5000 shs then
you may hold onto the stock if you wish.
Farkas and BoA together are over 50% ownership.
They are going dark. It makes sense from a cost
standpoint and it makes sense for their own
personal reasons. With Rothschild as the advisor,
there is the possibility that a Rothschild affiliated
company may ultimately own all this stock. There is another
possibility that BoA will own it.
I don't think Farkas will be selling at .07.
The only caveat is that the market will be thin,
the info almost non-existent, and the timeline
for ultimate takeover unknown to the shareholder.
It is still a virtual certainty to occur, however,
because CLNH isn't big enough to make it worth it
to list alone, they belong as a part of something
larger, whatever it is. CLNH is not listed to issue
stock and raise funds like most stocks at its price.
Another caveat is that Farkas could buy the shares
for some negotiated basic value to take it private
within his private corporations, in that case
there would be a negligible return for shareholders.
These are the two roads, either Farkas holds out
for a massive return on his stock, or he buys this
out for something less accretive.

[Witmas]

Took a deeper look at the files, definitely some good information that I missed. Seven cents still feels like robbery but at least I know how they got the number.

Anyway, thanks for the information. I'll still be making a profit so I can't complain too much. I hoped there would be some truth to yahoo's rumors about them having no intention to go through with it. I won't take that risk tho.

Just out of curiosity, do you think this would be a solid long term investment for someone with >5000 shares? It looks like business is good (+ working with all these big banks) and their management is competent. Plus, the housing market has nowhere to go but up.

..I don't mean to bother you lol. You can ignore this if you feel like it.

[AKAPAK]

YES, .07 has been justified, read the recent filings. They also have 1 line that explains why the .59 book value does not represent the "true" value of the shares (less).

With >5000 shares, you can get .10 or better right now; if you wait for them to do it (~March 16), you will definitely get (only) .07 per share.

There is a statement that says they can back away from the R/S but I personally would not count on it. It seems that a rather large (80%) holder wants it done.

You got some time to wait and see if someone really wants more, but the market price sure beats the "offer".

Best for you tosSpend some time and read what its says instead of relying on my opinions only.

[Witmas]

Thanks for the reply.

I'm fairly new to everything, and this company's situation is pretty unique from what I've seen so far.

Mainly, I'd like to know if it's really legal for them to pay shareholders .07 per share when the current share price (and book value) is well above that.

Also, why is the price continuing to increase if the shares are "valued at .07"?

Is the r/s and privatization guaranteed or could this all be a ruse?

And for the important part: I have less than 5000 shares and it's really not in my budget to increase to 5000. Should I sell now?

Thanks in advance!

[AKAPAK]

Welcome to I-hub. What interests you in CLNH?

Some summary, imho:

Read the recent sec form concerning R/S @ 1:5000, then delisting w/forward split of 35:1; shares are "valued @.07

This will essentially become a private company, with a very position owned by a private investor (and his subsidiaries.

Wonder how someone feels with paying $14.25 share, split adjusted when it is at .10 right now?

Someone is feeling OK, since volume of trading is high right now, with large blocks at the close (up to .12).

How can that be? What returns are expected? Divis going to be paid?

[Witmas]

I'm surprised there isn't any attention here. Anybody want to share thoughts?

[dayneyus]

RonnieD' The link is no longer good This new link works:
http://vimeo.com/35281629

[Popper]

Took the loss at .065 to pursue a much more promising opportunity.
Good luck to all!!!

[ELefevre48]

CENTERLINE HOLDING COMPANY REPORTS FIRST QUARTER 2012 FINANCIAL RESULTS

http://finance.yahoo.com/news/centerline-holding-company-reports-first-213503028.html

[paulbk]

Don't know if you heard earnings are delayed for a few days. GLTA

[paulbk]

It has taken off in a hurry in the past.It would be really nice to see. I know we are due. Just always a problem getting people to look at it, GLTA

[el_guapo]

$40MM in new financing and earnings coming out later. That is great news! If this thing works like a spring the potential energy has been building up for a long time. I hope it works that way

[paulbk]

Hey el, news today before the earnings:
http://www.reuters.com/article/2012/05/15/idUS159010+15-May-2012+HUG20120515

[paulbk]

Getting the market to see what CLNH is has been the problem. My experience has been that secrets don't last too long so I'm hopeful our day is coming,GLTA

[el_guapo]

Hey Paul,

Everything looks great for a nice bounce here. The charts look great, last years annual report was very promising, there has been hundreds of millions of dollars in loans this year alone, the Q1 is coming out in a couple of days and is expected to show growth. The only thing we need is for the market to see what we see and we will be off to the races with this.

Good luck to ya

[paulbk]

El guapo, I think the time is near. We are due. This could be like February last year or March the year before.

http://stockcharts.com/h-sc/ui?s=CLNH&p=W&b=5&g=0&id=p09259062796

[paulbk]

Watching for a breakout here. I think it's finally ready as indicators are turning up.

http://stockcharts.com/h-sc/ui?s=CLNH&p=D&b=5&g=0&id=p00055245865

[Penny Roger$]

It would be helpful if the Q is very strong. Let me know what you think when it hits. Cheers

[paulbk]

Q 1 Earnings Tuesday the 15th. I'm hoping they have an impact going forward but with this down market it's hard to tell,Best Regards

[paulbk]

Yes, that's what I'm seeing. Earnings are days away and I'm hoping that will start to drive the price here. Thanks for the PM info, GLTA

[Penny Roger$]

$CLNH chart could e turning here.



np, happy hour on Fridays will let you PM all kinds of people. Cheers!

[paulbk]

DD update: CLNH .073 company that lends millions to other companies to buy real estate.


Former NYSE traded stock that once paid dividends brought to the verge of BK in the financial meltdown. Restructure in 2010 converted debt to shares that institutions like B of A, Citi Bank and Wells Fargo currently hold.

OS = 349 million shares : 84% held by institutions (294 million), 16% in public float (55 Million).

Went positive on EPS one year after the restructure in last 3 of 4 quarters in 2011. Ended year with earnings of +.19 share.

Q1 earnings due on 5/15 and are expected to be positive as well giving the company 4 quarters of consecutive positive earnings and putting it on track to again post positive EPS for fiscal 2012.

10 K lists assets in the neighborhood of 5 billion and the company still trades for .073/share.
Cash per share on hand for financing activities is 95 million. It recently replenished it's warehouse financing facility for 75 million at a favorable rate.
The company posts revenues of around 54 million per quarter. In addition to it's mortgage and refinancing activities the company also manages real estate. It controls or owns over 4 million square feet of rental space in NYC alone.
It has hired 50 people in the last 8 months showing growth despite the slow real estate recovery.
Recent PR's indicate that Q2 is poised to outdo Q1.
http://finance.yahoo.com/q?s=CLNH
177 million in transactional volume so far for 2012.

The story here is really incredible when you compare the dollar amount of the assets and revenues this company controls to it's paltry share price. Right now the company trades for less than half of 2011 posted earnings.