Daejan Share Discussion Threads

[coolen] 02/4/2013 00:15

Still no IMS. They must be coming up to the Stock exchange deadline, sureley ?

[bisiboy] 29/3/2013 12:26

maybe they could start stake building in some of the very distressed lisited vehicles that have good properties but are short of cash.

[topvest] 26/3/2013 20:37

I'm not sure that they think short term like that. They are rich enough and seem to like having a listed company. I don't see that changing with the existing generation.

[coolen] 25/3/2013 21:35

I fully agree Topvest.

I just wonder whether, given their huge asset strength, the parent might get away with launching a 5% Bond at the moment and use the proceeds to mop up the Daejan minorities at, say, a 15% discount.

Either deal would be a plus.

Might both be case of 1+1=3 for the parent ?

[topvest] 25/3/2013 20:26

I doubt it - they appear very happy with things as they are - as am I.

[coolen] 22/3/2013 14:00

Shares rising by the day;
Interim Statement now 4 weeks overdue;
Previously consistent with their IMS time-keeping;
Could they be working on the long-awaited buyout of minorities ?

[dandanactionman] 16/3/2013 10:38

All the following is imho do your own research

Anybody else surprised that we have not yet had an interim management statement?

This share has done well in the last few weeks (month or so).

[rustle2] 20/2/2013 14:02

Interim management statement due any day?

[skyship] 18/2/2013 12:47

4 PINTS!!!!!!! Hope you didn't have far to walk back and there were a few trees on the way...

I've heard good things from everyone about Doombar. My younger daughter was meant to have some for the evening dancing after her wedding last year; and I was looking forward to trying it, but the wholesaler failed to deliver!

I worked for a few years as Marketing Manager for a medium sized brewery, so had plenty of practice at the bar - but could never drink that volume of liquid. 2 pints my absolute maximum.

As for DJAN - froth being blown off a tad today, perhaps wait a little longer if you really want to get back in there.

[damanko] 16/2/2013 22:49

Hello SKY, we do meet in some funny places. Funnily enough, walking today from Winchmore Hill .... to Enfield Town, then over to the River Lee, before heading south to Tottenham Hale - I walked past a massive site cleared for building and subsequent letting. Owned by SEGRO. After 13kms, it was any port in a storm, and put a smile on my face.

Followed by 4 pints of Doombar in Muswell Hill, and a few thoughts:

I bought DJAN at a little over 20 pounds, and a couple of months ago banked the profit, keeping the original capital. Am minded now to do the same again.

blondemon, keep up the good work........

[blondeamon] 16/2/2013 19:15

Someone needs to get a life.

[skyship] 16/2/2013 10:36

Brownie - "A pleasure to find a conservatively run company but could now be the time for them to flex their balance sheet just a liitle more?"

DJAN has been run the same way since the dawn of time. It is run as a private pension fund by the 80% controlling family. Hence the lamentable dividend. The directors pay themselves incredibly well to run their own publicly quoted pension fund....but why should they pay a fair dividend to minority shareholders?

DJAN has no reason to retain its listing, but will continue to do so, just as it did for the past 30, 40, 50 yrs...

The IC piece does of course provide a good opportunity to sell into the temporary strength on the back of a press tip. Usually the right course of action in such an event.

Damanko - hi there. As you know, blondeamon is absolutely right of course, that subscription article should not be posted in its entirety.

[damanko] 14/2/2013 21:54

blondeamon, excellent post, thanks.

And as a holder of several years, I agree with ST's comment and opinion.

Don't worry about spob, I suspect he's grinding another axe, with little to do regarding this particular company/investment, more to do with his life, employer, whatever.

Life, as so many people rightly say - is too short .............

[topvest] 14/2/2013 19:32

I hold Daejan - it is not really a trading share. It's a share to buy, hold and relax...a safe home for your money.

[spob] 14/2/2013 19:07

The Simon Thompson articles from Investors Chronicle are not intended for free distribution, so please do not copy paste them.

These articles are part of a paid for subscription service.

[blondeamon] 14/2/2013 18:58

I mention the source and do it a while after they have been posted, what's wrong about it?

[spob] 14/2/2013 18:21

stop posting paid for subscription articles from the IC

[brownie69] 14/2/2013 11:02

Tipped by Simon Thompson of Investors Chronicle.
Looks like a long term hold to me.
A pleasure to find a conservativly run company but could now be the time for them to flex their balance sheet just a liitle more?

[bisiboy] 01/12/2012 18:03

happy to continue holding

[topvest] 01/12/2012 17:56

These results are very good in my opinion, given the tailwinds. They tend to maintain the interim dividend and edge up the final. Steady as she goes and really good value.

[dandanactionman] 01/12/2012 11:20

The following is all imho and I claim no special insight.

Reading the interims I noted:

1) It is good that gross rental income has gone up and operating expenses have fallen. I was previously concerned over the rise in expenses last year (see post of 28/7)

2) Africa house seems to be in progress. Does anybody know the square footage or possible rental value.

I found the following link which may provide some of this info ( If this article is correct at 15,600 square meters then one anticipates quite a rent boost once this is let.

3) Slightly unhappy that dividend only held (and not increased)

4) I am pleased with the profit on disposal of property. The valuation gain is also pleasing especially given the recent results by BLND and LAND (although these are not directly comparable).

5) Defered tax liabilities appear to have fallen. This may be due to the company accounting for changes in the taxation rate?

6) Companies cash holdings appear to be high, I am unsure if there is any significance in this in terms of their plans?

[topvest] 28/7/2012 19:35

I thought the outstanding receivables were notable as well; maybe this is a US issue, as you don't normally see this with UK companies. Nothing in the accounts to be particularly worried about though. The big factor must be the Africa House redevelopment. Should help the income account and balance sheet when this is completed as it's a rather big one, and can't be generating any income at present.