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DMD Diamond Life.

0.30
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diamond Life. LSE:DMD London Ordinary Share GB0004493028 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.00 01:00:00
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 0.30 GBX

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Date Time Title Posts
04/1/200914:18diamond lifestyles31

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Diamond Life. (DMD) Top Chat Posts

Top Posts
Posted at 26/9/2007 18:34 by ntv
already have my good man along time ago and made a decent turn on it as well
was going to short it but couldn't get a decent price
Posted at 20/9/2007 10:10 by alastaircamroncooper
Diamond Lifestyle Holdings PLC
20 September 2007

Diamond Lifestyle Holdings Plc

('Diamond' or the 'Group')


unaudited half yearly report



Diamond Lifestyle Holdings Plc, the financial and advisory intermediary,
specialising in the provision of mortgage broking and related services to the
sub-prime market under the Governments 'Right to Buy' scheme, announces its
unaudited half yearly results for the period ended 30 June 2007.



Financial highlights



• Turnover for 6 months to 30 June 2007 £3.6 million and £2.9 million on a
pro forma* basis (6 months to 30 June 2006: £3.5 million)
• Gross profit margin for 6 months to 30 June 2007: 53.5% and 57.0% on a pro
forma* basis (2006: 60.4%)
• Administrative costs for the 6 months to 30 June 2007 were £2.0m and £1.7m
on a pro forma* basis (6 months to 30 June 2006: £1.5 million)
• Loss before interest and tax for 6 months to 30 June 2007 £9,291 and
profit of £89,000 on a pro forma* basis (2006: profit £622,111)



* as a result of the Company adopting reverse acquisition accounting the 2007
pro forma figures reflect the activity of Diamond Lifestyle Limited to which the
comparative 2006 figures relate.



Chairman's Statement

At the time of writing, the Board is clearly aware and sensitive to media
coverage in both the banking and sub-prime sectors, but against this challenging
background the Board remains confident in the Groups medium and long term
prospects.

In my statement to the market 31 July 2007 I noted that the sub prime lenders
had reviewed their financial arrangements with suppliers that had led to a
reduction in lending fees and commissions. It was also noted that the Group had
made significant progress in reducing administrative costs, associated with the
cost of conveyancing, and had ceased to operate in areas where acceptable
financial returns could not be achieved. Furthermore, I stated that the Group
had renegotiated its fees and commission arrangements with lenders so as to
restore them to historic levels. The adverse market events of the past number
of weeks has resulted in further downward pressure being experienced by the
Group on fee and commission rates.

The adverse impact on the UK banking sector in 2007 has been driven by loan
defaults in the United States, causing related funding and balance sheet
pressures in the UK. Inevitably, this has translated into a tightening of
lending criteria, raising of interest rates and reduction in fees and
commissions paid to the Group.

Financial review

Turnover for the 6 months to 30 June 2007 was £3,554,003 and £2,941,000 on a pro
forma* basis (2006: 3,468,883). In the six months to 30 June 2007 the Group
recorded a loss before interest and tax of £9,291 and a profit of £89,000 on a
pro forma* basis. (2006: profit £622,111).

As at 30 June 2007 the Group had cash resources of £118,361 (2006: £870,075).
During the 6 month period to 30 June 2007 the Group repaid £750,000 of loans to
Clydesdale Bank Plc (2006: £nil).

The Loss per Share for the 6 month period to 30 June 2007 amounted to 0.05 pence
per share (2006: Earnings per Share 0.38 pence per share).

Future Strategy

Against this background, the board has implemented the following strategies to
re-establish profitability and enhance cash generation in the current year:

• Reducing administration fees in particular in respect to conveyancing
costs;
• A new supplier of leads providing a high number of remortgage
opportunities; and
• Ongoing negotiations with lenders to improve commercial terms, whilst
maintaining a broad based panel of lenders.

Given the difficult economic climate for mortgage finance, at this time, the
business remains focused on providing appropriate mortgage finance to its client
base. However, the board remains actively engaged in identifying and pursuing
appropriate acquisition opportunities, to further exploit the Group's strong
position in the sector.





Paul Hughes

19 September 2007
Posted at 20/3/2007 17:55 by ntv
t1ps.com tip other day with tgt price of 12p
don't worry about l2 on such a small stock mm's quote only for 5k!
Posted at 19/2/2007 22:05 by topvest
You got the timing better than me NTV - what price did you get? Looks like I sold a week late as I only got a rather pathetic 5p! Oh well, a profit is a profit!
Posted at 18/2/2007 15:47 by topvest
Nothing specific. It's just that following the reverse takeover costs have increased (as per the AIM prospectus) and so a period of consolidation may be due. Admin. costs will increase as will interest costs with the debt element of the financing. The company looks strong though. Share price has moved up since I sold, so I may have sold too early!
Posted at 08/2/2007 11:08 by ntv
price 5,25p
Posted at 23/2/2001 09:13 by lord c.
Lord C.Aquila

Thanks for that - Oldtimer is an old mate!

Drummond up again today, same question why are 74% holders Chargeurs still buying more shares? it can only mean one thing.....every share bought now means less to pay when they buy the rest later.
I have never found liquidity a problem.

Best wishes

Lord C
Posted at 22/2/2001 14:50 by lord c.
Chargeurs make another announcement - back in the market buying again and heading for 75% holding.
Am I the only one reading this to mean Drummond are heading for the AIM exit door?
One thing's for sure, any offer will be at more than the current depressed market price (and they can pay for it out of the petty cash).

Lord C.
Posted at 21/2/2001 15:00 by lord c.
Chargeur the massive French textile company who own 74% of Drummond were in the market buying last week (they have the company by the proverbials so why would they want to do that?) -This follows large recent non exec director purchase.
The price is not far from an all time low.More purchases today and up again.
Logic tells me that this company won't stay quoted for long......
Diamond Life. share price data is direct from the London Stock Exchange

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