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DIL2 Damille Inv Ii

50.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Damille Inv Ii LSE:DIL2 London Ordinary Share GG00BFMHSG58 ORD SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 50.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 50.50 GBX

Damille Inv Ii (DIL2) Latest News

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Damille Inv Ii (DIL2) Discussions and Chat

Damille Inv Ii Forums and Chat

Date Time Title Posts
23/3/201810:15Damille Investments II Limited119

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Damille Inv Ii (DIL2) Top Chat Posts

Top Posts
Posted at 23/3/2018 10:15 by stemis
Surely at the current price of 50p these are hugely overvalued. At 30 November the NAV was 97p of which 56.5% was EVO and LSR shares. These have now been distributed in specie, leaving 43.5% of 97p or 42p?
Posted at 09/5/2017 18:15 by deepvalue2015
DIL2's fund articles said the max holding should be 20% of nav!
looks like they sat on a big profit for a year since the windup mandate?
Nav probably 85p now unless they got out as SSA tanked?
I wonder what kind of muppet sits on a big profit for a year when they need cash??
Arent these the guys that got the LSR board seat? How scary is that?
Posted at 10/2/2017 17:13 by praipus
Here comes the sun:)
Posted at 29/1/2016 09:08 by praipus
S - No problem. Not sure how we missed this, RNS from November:
Posted at 29/7/2014 20:02 by marben100
With £34m in the bank, currently, the impact of these buybacks on cash availability is pretty negligible.

Fees are linked to NAV (not NAV/share) & buying shares back reduces the NAV, so don't see how these buybacks benefit the advisor, though admittedly the 1.45% fee is somewhat steep given the pretty derisory returns obtained recently.

Nevertheless, I like the strategy, which is why I'm invested here. Like any strategy, it won't work all the time and I'd rather that the managers waited for opportune market conditions than that they were impatient & made ill-advised investments, losing shareholders money.

Note that there is a continuation resolution towards the end of 2015, so if DIl2 continues to underperform, I expect the vote will go against and the fund will be wound up.

Cheers,

Mark
Posted at 29/7/2014 08:53 by praipus
Trying to understand the rationale behind the share buy backs my concerns are:

1. Reduced cash buying power
2. Reduced ability to compund returns
3. Superficially inflated NAV*

*I've read elswhere that companies arent allways run for the shareholders but for the manager. Perhaps thats the issue here and its just taking me a while to realise. Their income and fees are safe and not materially linked to share price or NAV performance.
Posted at 25/7/2014 18:46 by hvs
lol !!!!!!!

Prosser ?

Richard Prosser
Chairman
INVESTMENT REPORT
During the Period, the Company's NAV per Share was essentially flat. Since launch on 3 November 2011 until the 31 May 2014, the Company's net asset value per Share increased by 12.18%.


lol !!!!!!
Posted at 25/7/2014 17:35 by marben100
Why shouldn't they do buybacks? This company is all about buying assets cheap and realising value. Whilst there's little good in the market (as indicated in the recent interims), why not buy shares at an ~15% discount to the underlying asset value? All adds to the NAV/share which share holders get a sniff of at the annual 15% tender. I am very happy, myself, to buy shares at a big discount like this, and then take some profit when the tender comes around.

What I don't want is the fund manager putting shareholders' money in bets that don't offer a good margin of safety. Patience, waiting for the right investments to come along, is part of the secret of successful investment.

Ironically, this company offers an arbitrage opportunity in its own right via that tender!

Cheers,

Mark
Posted at 27/2/2014 15:31 by horndean eagle
Hardly anyone bothered tendering. They were tendering for roughly 10m shares.

Further to the announcement made by the Company on 28 January 2014 setting out the terms of the Redemption Offer, and the announcement made by the Company on 7 February 2014 announcing the Redemption Price of 103.64p per Ordinary Share, the Board of the Company announces that 5,451,757 Ordinary Shares have been submitted by Shareholders for redemption.
Posted at 13/7/2012 11:15 by praipus
3LEG up 25% since post above! No move in DIL2 share price .. lol
Damille Inv Ii share price data is direct from the London Stock Exchange

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