Centerline Holding Co (fka CLNH)

[paulbk]

Once again, what will it take to get this going?

[paulbk]

Don't know what to make of the trading today. I really thought it would pull through .10 by now. Mr. Big is whittled down to 72K though so I guess that is something.
Still waiting for the real breakout,GLTA

[paulbk]

Hey Ron, CLHN News today. It's good to hear from you. Looking real good here all of a sudden.

http://www.multifamilybiz.com/PR/1038/Centerline_Funds_23M_to_Nine_Multifamily_Propertie...?utm_source=dlvr.it&utm_medium=twitter

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=88906&tid=1144&mid=1144&tof=1&frt=2

[RonnieD]

the system wouldn't allow me to add you and paulbk
as assistant mods, so I just resigned.
I am still a major believer of this going up,
just wanted to clear out so you guys could do the
updates, as I trade frequently and don't visit ihub
very often.

[paulbk]

92 million since 2/28, over 100 million on the year so far. Seems to be picking up steam as it moves toward earnings.
Looking good to break through the 200 day EMA soon,
GLTA

[paulbk]

Another one today for 23 million-
http://www.globest.com/news/12_303/losangeles/multifamily/Southern-California-Borrower-Gets-23M-for-Nine-Properties-319442.html

[Popper]

2 more recent refinances ... One for $3.5 Million, Other for $45 M

[paulbk]

Technical alert: 50 day EMA close to going through 200 day EMA. It could happen this week. The up trend is wobbly due to the lack of volume but the stock has basically been bouncing off the 200 for a couple of weeks. GLTA

[paulbk]

Good for you. I think this will start to move soon. They just announced via their back door PR department that they closed a 21 million dollar deal in Chicago. The fourth quarter, the one they will report March 30, should be their strongest.
All the best...

[Popper]

I just took 47K of them ... That's all I could afford

[paulbk]

The 100 K seller trying to get out at .09 is down to 58K shares. Hopefully someone will step in and do the guy a favor and buy him out.
I can't do it.
With the market moving like it is I'm not surprised to see people trying to ditch this lead balloon. It's just absurd though because at this price it's as good a value as any that is out there in the 8 to 10 cent range.
It is just under-publicized.

[paulbk]

FYI, news of a closing buried on the homepage.

http://www.centerline.com/

[paulbk]

Yes, I feel the same way. Good luck to you.

[el_guapo]

I'm still here. Its like getting water-boarded waiting for some news to come, but I'm up and I'm going to gamble that there will be some news before I can't take it anymore. They must be doing some sort of business, I just hope they let the public in on what they are doing before everybody gets out.

[paulbk]

el guapo, you still in? Watching this paint dry is getting hard to take.

[paulbk]

300K guy is back on AUTO, Been there since 2/8. What's up with that? Why sit there with that size showing?

[paulbk]

That is frustrating. Levey said business was doubling in 2012 and you would assume it would be a constant, continued ramp up. Something always going on. It's not like it's going to be a years worth of doubling in the last month of the year. We should be seeing stuff every week.I know it's there, they just don't get it out into the world.
I also tried to have this conversation with IR recently but they are not very forthcoming. They act like you are asking for inside info every time you ask them a question and they respond in boilerplate. I would not want to be involved in a stock that mindlessly pumps but at the same time this stock lost it's listing due to management. You are now on the OTCBB. You now have to talk more about what you are doing.
Good luck to you.

[el_guapo]

It seems that this stock is loaded up like a compressed spring, we just need some news and the .10's should be no problem. It has been quite some time since we have heard any real news from centerline. For goodness sake, they must be doing some kind of business worth telling us about.

[paulbk]

Hopefully the bump is coming sooner rather than later as I see the 9 day EMA crossed the 200 EMA today at last. Good support in the .09's on L2 but we keep smacking into those two large GTC's at .10. People need to check their stock once in awhile and adjust their orders accordingly.
GLTA

[paulbk]

Thanks for the info. That explains it. I didn't look that closely at the numbers.
Something has to break here soon. GLTA

[el_guapo]

There actually was a change in the AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON and that is the reason for the filing.

in the dec 2010 filing the amount was 30,897,489 while in the latest filing it was 30,896,968. this changed the percentage owned from 8.87 to 8.85

this is a difference of 521 shares, so nothing really happened, but there had to be a filing.

Good luck and get ready for the bump (cross my fingers)

[paulbk]

If only it were so. The filing was a restatement of a previous one. BOA's percentage has been the same for a few years.
There's probably some arcane rule that says they have update their status every so often.

It think it's finally on the move though. The 9 day EMA is about to cross the 200 day and news should be right around the corner,
Good luck to you.

[Thinman13]

You guys know that Bank of America just bought 8.85% of this company?

[paulbk]

Two big sellers on the ask @ .10 totaling 400K. I don't get why they post their full size. Seems counter productive. Oh well. It's the same seller from a few days ago. Hard to tell if it's a stunt or what, GLTA

[paulbk]

Improving technicals, highest close since mid September. This week looks promising.

[paulbk]

320K of the 400 K just went away...

[paulbk]

400K @ .10 for sale on level II. We'll see if it's a stunt or not. It might magically disappear by the time the price rises to that level.
Really need some news here on how things are going. There's a couple hundred people working for this company. Are any of them buying their own company stock or do they not know it exists like most of the rest of the free world?

[paulbk]

OK, be great to see some news this week. Seems like it's about time to start racking up deals for 2012. We are due. GLTA

[paulbk]

It would be nice to see some buying support coming in right about now. The chart has started to head south but it really seems like it's one or two players exiting because the stock failed to deliver on an expected short term run.
We'll see if it stabilizes today, GLTA

[RonnieD]

Website revamped. http://www.centerline.com/

[RonnieD]

I suppose you'd have to go back one-by-one to see
how many deals are only refi's, but the co is
expecting an increase of business in all four
of its segments.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70811147

[paulbk]

This article found on the company website gives some support to the company's claim of more business in 2012. The article is about the large number of 5 year balloon loans made in 2007 at the height of the market that will need to be refinanced in 2012. GLTA


http://www.housingfinance.com/news/aft/120811-aft-Five-Years-After-Markets-Peak-Defensive-Refis-Grow.htm

[paulbk]

It's certainly within the realm of possibility that Farkas could increase his stake in CLNH but it doesn't seem likely at this point. Not to me anyway. Farkas restructured CLNH so he could take the half of Centerline that he wanted- the part that is now C-III - private. I think he has what he wants.
All I'm saying is his forty percent stake ties his fortunes to ours but we are not connected to his via C-III. If C-III does well, we don't benefit directly.
Of course it would be a great thing if Farkas - or any warm body for that matter judging by today's 22k volume day- bought stock in the open market. I would really rather see Levy or other CLNH principals show some leadership and step in and buy at these depressed prices.

[RonnieD]

C-III has a 40% stake in CLNH.
They are intertwined in personnel bios.
They could be seeking a majority.
Farkas owns 100% of C-III.

[paulbk]

Technically the chart is shaping up as the stock is getting close to crossing the 200 day MA having already crossed the 50 day MA earlier in the month. We'll probably need some more info on earnings and the progress of the turnaround to continue above the 200 day MA.

The C-III stuff is nice to see but at the end of the day I don't know how much it means to CLNH as C-III is a private company.

GLTA

[RonnieD]

"The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company," said Mr. Farkas

What's next ? A $1.00 tender offer for
Centerline shares which his entities do not yet
own ? we can hope.....

http://www.marketwatch.com/story/c-iii-capital-partners-completes-acquisition-of-nai-global-2012-01-25

[RonnieD]

they are very busy.

deals in Pittsburgh and Tallahassee
already inked this month.

http://www.centerline.com/about/index.html

[Popper]

Thank you sir!!!
They financed $675 million in multifamily properties in '11 !!!
I added 50K shares today and it took me all day to get it...Had to hit the ask...Good sign

[paulbk]

Thanks for the reply. Seems like if earnings are going to show definitive evidence of a turnaround it's going to be hard to keep that quiet even if the company doesn't say anything. GLTA

[RonnieD]

Yes, the next earnings will be a 10-K annual
report, in March. Which is good, because the 10-K's
are lengthier on details. The 4Q of 2011 did indeed
see their largest deal, DC Point.
http://www.multihousingnews.com/news/todays-deals-centerline-provides-328m-structure-to-finance-portfolio-in-suburban-washington-d-c/1004043692.html

I still can't help but think that the final K-1's mailing
in February could also be a catalyst. When you consider
the ownership, besides Farkas (40%), there's Bank of America
(8.8%), Wells Fargo (8%), Citi (4%), Related (up to 11%)
Capital One (2%), see the pie chart in the Presentations
area on Investor ledger in co website. That's current data
to 09/30/11, and all subsequent filings.
For now it would appear that CLNH seeks to quietly
perform better, and isn't interested in launching a PR
or Investment community blitz just yet.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001043325&owner=exclude&count=40

[paulbk]

The 10K is due in March but does anyone expect we will hear anything about this quarters earnings before then? The PR's on the company website show them handling a lot of deals during the last quarter and I suspect only the bigger ones- like the 328 million one- get a PR. I would expect another positive number for this recent quarter but I'm trying to determine if it would be positive enough to qualify as a "surprise".

I get why this stock is not a dollar but I don't get why it's still .075
cents. It seems like there is a lot going on here.

GLTA

[RonnieD]

Rob Levy Discusses Centerline Capital Group
Posted on January 9, 2012 by admin
Check out this video where Rob Levy, the President, CFO and COO of Centerline Capital Group, discusses Centerline in detail:

http://www.andrewfarkas.net/rob-levy-explains-centerline-capital-group/

[Popper]

Followed you in at .075 for a small starter position ... Good luck!!!

[RonnieD]

The guy whose mismangement ran CharterMac into the ground, Stephen Ross, now owns the Miami Dolphins.
There's a lot of new blood now. One was promoted to replace
Ross, Robert Levy, who is CEO and doing a great job. But
this is Andrew Farkas's company now. Via C-III, Anubis, Island,
he converted to common stock late 2011, just after Centerline
switched from a flow-through entity to a Corporation. This
move should attract more investment, of course. The final
K-1's are going out to shareholders in February.
If you go to the Centerline website, investors, presentations,
you'll see a pie chart in the Sept 30,2011 .pdf file. The public
float is only 16%. Book Value of assets owned by CLNH
I calculate as .445/share as of the last report.
Amazing.
I identified MMAB before it's sharp upward move, which has
sustained, and I'm convinced CLNH will make a similar
move by next month.

[RonnieD]

I think anything under .20 is fine for entry.

[onelove17]

Would anything under .10 be a proper entry point? I see a buy on bar charts but any help would be appreciated. TIA

[RonnieD]

come February when those final K-1's are received
by all the institutional shareholders with notifications that
this will be the last one they will ever have to file
to the IRS,
expect some new volumes to the upside.

look at this pie chart of ownership on Page 8.
The public float available on market is
only 16%.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTE1Mzc0fENoaWxkSUQ9LTF8VHlwZT0z&t=1

[RonnieD]

starting to move. dime is thin.

[AKAPAK]

No K-1 makes it easier to own in IRA / ROTH.

This was always a pain in the **S,
that is IRS :)

[RonnieD]

just a thought - the final (ever) K-1
is going to be mailed out soon. CLNH is
now a C-corporation.

consider these stats:
http://finance.yahoo.com/q/ks?s=CLNH.OB+Key+Statistics

consider the possibility that insiders
intentionally arranged some asset structures
and charges to make the company technically "unprofitable" in 2011
so that they wouldn't have to pay capital
gains tax on individual returns.
Now all of a sudden look at the conversion
into Common over the last quarter of 2011, immediately
following the reclassification.

(see the three schedule 13D/A's
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001043325&owner=exclude&count=40things
"hmm"... now they won't have to report
pass-through capital gains individually in 2012.

Centerline Holding Company Changes Tax Classification
http://www.reuters.com/article/2011/10/14/idUS152181+14-Oct-2011+HUG20111014

when you put this together with the stated outlook
to dramatically increase business in 2012, it's an explosive combination of facts.
"Centerline is projecting a dramatic doubling of business volume in 2012"
http://www.multihousingnews.com/features/profile-centerline-capital-group/1004046670.html

Insider Ownership 65.5%