Hello Readers!
We hate interrupting a relaxing Sunday afternoon but PGEI and its technicals just jumped out and slapped us in the face screaming that there’s a great chance it could see its pps rise to its early 2015 form.
PGEI looks like it’s primed and ready to see some positive activity for Monday the 20th of July. The momentum alone could send this thing back to its realistic value.
Stick with us and we’ll tell you why.
PGEI or ProGreen Properties Inc, together with its subsidiaries, are engaged in acquiring, refurbishing, upgrading, owning, managing, leasing, and selling residential real estate rental properties.
But that alone is not what makes PGEI appealing.
PGEI has that same familiar technical set up that we’ve seen before so many times when we've alerted you a winner.
We’ve stressed it so many times and have seen this so many times. Timing is everything in this business and this time might be the right time for PGEI.
After looking at its chart and reviewing the action, myself and some other analysts have come to the unanimous conclusion that we could see a surge like the one on the chart from April 17th when it hit .0241 cents. Its price right now of only .0054 appears to us like a SUPER BARGAIN!
Here’s a little about PGEI: ProGreen Properties, Inc., is primarily engaged in the acquisition, refurbishment, sale/rental of residential real estate in areas within Oakland County, Michigan.
ProGreen refurbishes and transforms ordinary homes into comfortable, more energy efficient and healthier living spaces, creating high yielding income producing properties.
The company was formerly known as Diversified Product Inspections, Inc. and changed its name to ProGreen Properties, Inc. in September 2009 to reflect the change in its business operations from the conduct of investigations and laboratory analyses to the purchase of income producing real estate assets. The company was founded in 1982 and is based in Birmingham, Michigan.
Not long ago PGEI had released some intriguing news that has recently caught the attention of some investors across the country. PGEI announced in February 2011 that the company had signed a letter of intent with the Swedish company SolTech Energy Sweden AB ("Soltech") relating to its proprietary and intelligent solar energy system.
PGEI is very pleased to announce that SolTech now is in the final stages of completing the development of a product that will be suitable and compatible with US roof construction. The product has been developed together with SolTech's Asian partner and fulfills two functions in one, being both a roof cladding and integrated solar solution, producing electricity. This makes it, perhaps the first esthetically appealing solution for implementation of solar energy.
ProGreen initially intends to try this product out on some suitable properties, with the intent, once properly tested, to implement this solar solution on all viable properties. ProGreen also intends to deepen its collaboration with SolTech in more areas of energy efficiency for heating and cooling of homes. Sweden has a long history of constantly developing new ways to improve energy efficiency in general and Soltech can today be considered, as one of the leading innovators in the solar industry in the Country.
"We are very happy to have reached this point in our collaboration with SolTech and expect to further integrate SolTech's technology in our home building here in the US over the coming years. Our goal has always been to be able to produce sustainable energy efficient homes with advanced integrated solar technology, and we now feel we can see the finishing line", says Jan Telander, President & CEO.
You can read that whole report and much more here:
http://finance.yahoo.com/news/progreen-moves-closer-swedish-solar-202100441.html
This could be a very generous bounce play when you think about the interest buzzing this baby. Add in the setup and we could be in for a zany ride into a hidden treasure trove.
Get started and assist yourself immediately by doing your own due diligence in addition to reading this report.
BUSINESS SUMMARY
(PGEI - ProGreen Properties, Inc.)
ProGreen Properties, Inc.is a publicly traded company (OTCB-PGEI) that acquires and develops real estate properties then converts them into high yield investments.
The executives at ProGreen believe that Michigan’s investment opportunities are among the best in the US property market and they offer a simple way to invest in real-estate where all of the hard work is done for you. Time excludes a vast number of potential buyers from owning their own rental properties.
More and more people, especially among the younger generation, have grown apprehensive about buying, so they offer a simple solution. The ability for smaller initial investments allows ProGreen to offer a chance for all investors to own shares and join in the real estate market.
Whomever wants to invest in real estate, but does not have enough time or capital to refurbish, then manage and maintain the property, ProGreen has created an exceptional long term investment opportunity for investors with or without market knowledge. They at ProGreen use a unique business strategy in order to capitalize from changes in the market. As a result of high demand and limited competition in the rental market, ProGreen rental properties are yielding significant returns.
ProGreen’s Business Model
ProGreen’s business model is to purchase properties and turn them into beautiful, energy-efficient and healthier homes. They either sell them on the open market, or lease them to suitable tenants who are willing to pay a little bit more in order to live in a ProGreen property, and then subsequently sell the unit to property investors.
Their professionally managed condos and houses are of exceptional standards, with only minimal competition in the market place. They have already seen an exceptional tenant loyalty, with most tenants continually renewing leases.
How ProGreen does it
They start with the goal to make homes energy efficient and beautiful. One of the best ways to improve energy-efficiency is with proper insulation. They then replace outdated windows, doors, furnaces and water heaters with more modern energy efficient models. They have a strong desire to improve air quality through better ventilation and filtration in heating and air conditioning systems, therefore making the residents healthier and more comfortable.
Their next aim is to maximize floor space by removing walls and creating more openness, with more natural light.
They believe this is creating a “stand-out” profile of ProGreen as a rental company. It is making their properties unique in the marketplace, which will result in increased demand with sustained appreciation in value over time.
As of now, they are primarily focusing on areas within Oakland County (fourth richest county in the US), with safe residential communities and sought after school districts.
ProGreen and European Investors
ProGreen has created the opportunity to offer for sale to European investors, fully managed income producing residential real estate, producing returns that far exceed what is the norm in Europe, and still keep healthy margins as well as maintaining the property.
In April 2012, ProGreen entered into an agreement with American Residential Gap ApS (Denmark), to acquire fully managed and leased investment properties from ProGreen. The first sale was closed on April 30, 2012 and they have continued to purchase properties from ProGreen, with the last sale closing on March 1, 2013.
They are also seeing interest from other European investors for their investment properties. On March 10, ProGreen signed a Memorandum of Understanding (MOU) with the management for Futura Fastigheter AB (Futura) (Sweden), who came to visit with them as part of their due diligence. The definitive agreement was expected to be signed during the month of May. The MOU outlines a future cooperation between the parties, where ProGreen is to provide income producing properties, previously refurbished and leased out by ProGreen, for sale to Futura. Futura will also, under the MOU, provide financing to ProGreen in order for ProGreen to be able to accelerate further acquisitions. Futura will, under the MOU, provide the total cost of acquisition as well as the cost of refurbishment to ProGreen, giving great opportunity for an accelerated expansion of ProGreen. The first tranche of funding, which will be up to $3.000,000 was expected to close before the summer.
All properties are marketed exclusively by ProGreen Realty LLC, and managed by ProGreen Property Management LLC, both wholly owned subsidiaries to ProGreen.
ProGreen’s management is expected to grow over the coming months. Please click on “The Team” to learn more about ProGreen’s management.
MARKET OUTLOOK
PwC Sweden a market leader within auditing, accounting, tax and advisory services in Sweden and the Swedish member firm of the PwC global network released a report on Sweden’s Property Barometer for 2015.
The report shows that as many as 63 percent of respondents expect rental income in their own company to increase over the year, but compared with previous surveys the trend is falling. In late 2013, 76 per cent of property companies said rental income would increase and last year the figure was 70 per cent. The survey shows that a growing number expect rental income to remain unchanged.
On the issue of funding options, the survey shows that a majority (54 percent) expect improved access to equity financing. Compare this with 2014, when 44 percent expected an increase. As many as 59 per cent also believe that access to loan capital will increase in the next 12 months. Concerning access to alternative sources of financing, such as bonds, a third of respondents say access will remain unchanged.
The desire to invest is growing. The industry expects office and residential properties to offer the most attractive investment opportunities over the next 12 months. Industrial and warehouse premises are considered to be of least interest.
Looking at all categories, around a quarter of the property companies say their willingness to invest will be more or less unchanged.
In terms of net sales, retail properties come out on top. Another interesting aspect is how property companies view investments in existing portfolios. Nearly six out of ten companies (58 per cent) expect investments in existing property portfolios to increase while 30 per cent say they will remain unchanged and 5 percent predict a decrease.
Read More:
http://www.pwc.se/sv_SE/se/fastigheter/assets/the-property-barometer-2015.pdf
There you have it folks, get started on your own research now. Never risk more than you could afford to lose as these OTS markets can sometimes be very volatile.
