Daejan Share Discussion Threads

[bottomfisher] 07/5/2020 10:02

Many thanks for suggestions. Have held TR Property for many years. An excellent investment. Indeed might be better to transfer all my shares into well managed ITs and give up trying to select shares myself. But life would be rather boring. I liked attending Daejan's AGMs. They were such a contrast with much slicker AGMs but I found them rather reassuring. Remember once asking the board why they had not ventured into Continental Europe. They said they had once invested in the Netherlands (I think) and had made a good profit. But they decided that this was more by luck than anything else and they did not feel they really understood the Dutch market, so they decided not to pursue the strategy. I like companies that think like that.

[mw8156] 06/5/2020 20:18

how about mountview, cardiff, j smart, wynnstay property, highcroft? some of these very small and illiquid so how about tr property as an alternative?

[bottomfisher] 06/5/2020 19:07

Sad to see Daejan leaving the stock market stage. Does anyone have any suggestions of conservative run property companies where one can reinvest the Daejan proceeds. Would Leeds-based Town Centre Securities, for example, fit the bill as a suitable replacement? It has a strong long-term family shareholder.

[topvest] 28/4/2020 21:52

Well done to those that held on. The Freshwater family did the right thing and went through with it. The discount is no doubt much tighter in a post-COVID-19 world. It's a sad time when good companies like this go private, but shareholders have done very well over the last 20 years (and many years before that). No real need for any grumbling in my view. Good luck to the Freshwater family and thank you.

P.S Daejan is no doubt the best performing real estate company over the last few month as well, judging by the carnage elsewhere!

[konradpuss] 28/4/2020 19:06

I sold in the market soon after the company tabled the bid.

I still think they mugged the small shareholder, however if you invest in a company that has just a 20% free float with a large controlling shareholder be prepared to be rogered!

[russman] 28/4/2020 18:45

Considering the circumstances I will accept the offer.

[apollocreed1] 28/4/2020 17:56

It looks to me like there is no turning back for the Freshwater family now and they've come good. They had every good reason to withdraw their offer but they are still proceeding. All the critics are eating their hats.

To get this price for my shares in this bad market is the best news I could have hoped for. The money will then be available to buy into another property company at a good discount to NAV - looking at AIRE, AEWU and Stenprop at the moment.

[topvest] 19/3/2020 11:00

I have sold mine for about £75. I personally think that the offer may be withdrawn and I had a little bit of headroom on my CGT position. Unprecedented times.

[patsyluck] 17/3/2020 19:14

given the low volume traded...seems like weak hands being forced to sell

[spoole5] 17/3/2020 18:58

Obviously some doubt about the deal now

[apollocreed1] 12/3/2020 19:53

@spoole5 - As it happens, I bumped into Mr. B. Freshwater on the morning of Friday 21 February. We had a short conversation and he seemed keen to demonstrate his integrity and appreciation to his the minority shareholders via taking the company private. I believe that the loss of face and reputation would outweigh the business case that there is for withdrawing from this transaction. Although if there was a reason why they could not get the cash to proceed, such as if they are relying on a bank's loan, then I think they would have good reason to not go ahead.

[konradpuss] 12/3/2020 19:50

Spool, Because the price is cheap and they get rid of the likes of you and I!

[spoole5] 12/3/2020 18:34

Why would the freshwaters effectively buy themselves out at this price now?

[skyship] 26/2/2020 09:14

The dividend is so insignificant I'd forgotten it entirely!

[bench2] 25/2/2020 22:52

You have not missed the dividend 6 march is the pay date , they went ex the interim dividend on 13 Feb .

[konradpuss] 25/2/2020 11:28

Russman, I sold yesterday in the market.

I was worried they might walk away if they did not get the required acceptance.

O.K. I potentially have missed the dividend, however I will live with that.

[russman] 24/2/2020 10:59

There are conditions attached to the offer.

[quepassa] 24/2/2020 08:13

Best ignore Rogered-No-Go-Zones.



Everything she writes is absolute dross and worthless trash.

[tkamp] 24/2/2020 06:13

Don't forget that Daejan is also paying out a 35 cents dividend on March 6, which if you read the filings it says will still be paid out.

[topvest] 23/2/2020 21:15

I'm 26% cash.