Daejan Share Discussion Threads

[jlo10] 27/2/2014 12:44

Figures certainly don't look anything like balance sheet on S'pedia

[citymohawk] 27/2/2014 11:47

is it me or is the DJAN balance sheet on advfn looking a tad off? :S

[rustle2] 19/2/2014 13:58

Thanks speedsgh.
Seems IC has some followers...

[speedsgh] 19/2/2014 12:03

Simon Thompson update on IC website today. Upgraded price target to 5800p.

[retsius] 30/1/2014 15:50

X div next Wed.(35p)SP. seems to be recovering.

[citymohawk] 29/1/2014 17:17

Feds making people nervous. Value is value and DJAN is cheap. I wouldn't lose my nerve at 4400 let alone this price.

[retsius] 29/1/2014 17:04

Price showing a little turbulence today,hope it bounces back tomorrow.
R

[citymohawk] 22/1/2014 16:54

It's the Volume Weighted Average Price. It may not necessarily represent buys, but certainly represents points of interest. It's only a mild indicator on market psychology. On a share like DJAN you could calculate a more accurate representation in excel.

Something tells me you're an old timer who isn't ignorant though ;-D

[retsius] 22/1/2014 16:50

CM
Ah I get you,sorry.[what does vwap stand for ? --pardon my ignorance]

R

[citymohawk] 22/1/2014 15:49

We have a one week VWAP of around 4750... so, I'm not talking about the day traders rather those who are happy for the short term.

[retsius] 22/1/2014 15:07

c.M.

with lamentable vol. I doubt there any traders involved.

R.

[citymohawk] 22/1/2014 14:59

I think the traders are going to start dropping out of this now at £50 not realising the potential upside.... :D

[sirhedgealot] 22/1/2014 14:19

I was in much lower in 2011 before the revaluation but sold to purchase assets at a lower price...they keep chugging along here :D. This may be a decent equity hedge to gain exposure to increasing property prices if one is overweight equitys and not owning much physical property etc etc. Here's to NAV 1 - 1 plus 20%.!

[citymohawk] 22/1/2014 11:18

nice to see investors recognising the value here :D

[sirhedgealot] 22/1/2014 10:58

Decided the value was rather too large to be ignored in light of increasing property revaluations. I therefore have opened my wallet today and am long for the long term hold. I believe the U.S property is likely undervalued and book value could seem quite understated in the future. Good luck chaps!

[citymohawk] 06/1/2014 16:51

Even after this rise, DJAN still offers the best value compared to the rest of my list.

[retsius] 20/12/2013 10:20

CM
Many thanks.
R

[citymohawk] 20/12/2013 08:25

Hi retsius

Well it's not really a conventional calculation, but true none the less. I did explain it in a previous post so it may be worth digging back a few posts and you may get a little more context.

Basically, when compared to last year they have achieved most of their earnings in the first six months (ending sept 13) and if you forecast out to march (if I recall correctly I get an EPS of 650 to 775) you will get a forward earnings yield of around 16-17% on todays price and a PE of about 5x

However, this doesn't discount any potential exceptional items or revaluations. DJAN is a rare opportunity for the long term - it's yield has historically fallen through price rise (except for the one exceptional item a couple of years ago).

[retsius] 19/12/2013 17:32

CM
Pardon my ignorance but can you explain your figure of 16% to 17% yield ?
R.

[citymohawk] 19/12/2013 08:52

ahh bisiboy

Sorry, LAS isn't one for me seems to be all over the place and has too much debt. + all of what Skyship has said. I tend not to be fooled by share price, let it sky rocket multiples of 100 if need be. I would never feel I've lost out if value hasn't been achieved on the books.


In the case of DJAN however, it's undervalued in both current and terms of future earnings. 16-17% yield on March forecast ... I can't see anyone get that anywhere.

CM

[skyship] 17/12/2013 13:57

LAS - another family controlled propco - but one to pick up with kid gloves due to really appalling corporate governance.

The son of the CEO runs Bisichi in South Africa; and to help him out LAS has a large stake; though what that has to do with UK property is rather uncertain. The son was granted a monumental company loan to buy a vintage car - corruption endemic down there, so I suppose he assumed no-one would notice! You couldn't make it up!!

[bisiboy] 17/12/2013 09:10

london and asociated properties (las)

[qvg] 16/12/2013 22:14

EJ, I agree. I often use an IC Sell recommendation is a good buying signal. and vice versa.

[citymohawk] 16/12/2013 08:42

bisiboy

Las??