Daejan Share Discussion Threads

[retsius] 06/1/2017 09:40

Anyone know why the share price has risen?

[retsius] 06/1/2017 09:28

''I cannae' stop her captain !!!!!''

[retsius] 23/12/2016 09:49

TTTE
Lovely jubbly..... just in time for Xmas!...... or have I tempted fate? Lol
Merry Xmas.
R.

[retsius] 20/12/2016 09:33

Lovely graph since June 24th!
Hopefully resuming the upward trend into the New Year.GLA.
R.

[trytotakeiteasy] 13/12/2016 22:25

Lots of end of day trades appearing to account for shares mopped up during the day.. appears to be someone accumulating a position or increasing their stake...

[trytotakeiteasy] 10/12/2016 10:53

retsius - yes looking good.. you haven't jinxed it yet!!! I couldn't figure out if that rally in the last few minutes was real or not???? Will find out Monday I guess....sometimes you get strange moves in the last minute due to unlisted trades or market makers leaving and there only being one left... Well with the NAV up about £5 in the interim period there was some stock price catching up to do.. being in touching distance of £100 NAV is significant.....

If we can get above £100 at the next NAV release in July that will be worth getting the champagne out for!!!

[retsius] 09/12/2016 17:13

7% rise in the week,not too shabby,turnaround of £1.90 in the last hour of trade!
Just what we have come to expect from DJAN!
Still excellent value play .
GLA
R.

[retsius] 07/12/2016 16:54

TTTE
I hope you will forgive me if I give a very quiet cheer to the rise in share price today!!!!
I am now in profit after a very long drought!
R.

[trytotakeiteasy] 05/12/2016 17:17

you are forgiven.. stock closed at £59.55. Amazing to me that anyone would sell at around these levels but there you go..

[retsius] 05/12/2016 13:13

TTTE
Lol story of my life!!
R.

[trytotakeiteasy] 05/12/2016 11:18

retsius - you jinkxed it!!!! Shares now down at £58.... next news update in July 2017... a reasonable chance we will be above £100 in the NAV then (i.e. for the end of March)

[retsius] 02/12/2016 17:06

Storming finish. Hope to push past £60 next week . GLA.
R.

[trytotakeiteasy] 01/12/2016 18:17

Malcolmmm - if it gets to £100 NAV and a decent dividend increase next year then that should trigger interest. However, July is when full year results will be announced and that is a long-way off.

[malcolmmm] 28/11/2016 14:46

You never know, Santa's rally is on its way hopefully and Fat Prophets rate then as a buy

[trytotakeiteasy] 26/11/2016 20:08

interesting that the NAV is up £5 from 31 March to 31 September but the stock is flat...one day this share will be in vogue but it seems like a long way off...

[retsius] 23/11/2016 12:40

Well it is my lucky day. Just topped up and BOOM!
Skyship,I knew there was value here.
R.

[retsius] 23/11/2016 11:59

Someone liked the figures £500000 splashed out 10 min ago.
R.

[retsius] 23/11/2016 11:34

TTTE
Excellent figures today. Have not scoured the accounts yet but as you say NAV at £95!
I wasn't expecting the accounts for another week so it came as a pleasant surprise this morning.
These results are really good especially with the American exposure and strength of the dollar.
What we need now is Simon in the IC to revisit the stock and give it his blessing!
R.

[trytotakeiteasy] 23/11/2016 08:25

NAV at £95.81... much better than I had dared to hope..... can't be long before we are through the £100 mark

[trytotakeiteasy] 21/11/2016 08:31

SKYSHIP - you would tie your capital up in Daejan for the very simple reason that it has been successful at long-term value creation. U&I and BLND have not.

[skyship] 19/11/2016 12:37

So, let's assume for the sake of argument an NAV of £89.

At an share price of £57 this would be trading at a discount of 36% and on a yield of a mere 1.6%!

This compares with, say, Market Blue Chip Belwether stock BLND on a discount of 32% and a yield of 4.9%. Or secondary investment/development play UAI on a discount of 42% and a yield of c7%.

On that basis - why would you leave your capital tied up in the private pension fund of the 80%+ controlling family, who draw salaries of over £1m from their own pension fund, but restrict dividends to outside shareholders of just 1.6%!!

I've been following this appalling company for nigh on 50yrs. In that time the discount has swung from extremes of 55% to 25%. Sure, there are times when you can trade it for the swing in the discount; and also trade it for the cyclical swings in the commercial property sector. But far better to play any other stock in the sector rather than risk being becalmed in the doldrums of Daejan!!!

Get out now, buy a few UAI and look back in 3-4months time - as shall I...

[bisiboy] 19/11/2016 12:07

i estimate a small NAV increase lets say £91.75

[trytotakeiteasy] 17/11/2016 11:39

retsius - yes I think the US assets may provide a 2% boost. Then the UK assets will be less of a drag at about 76% of the portfolio and are partly outside of London. So that might be a negative 3% drag. With the dividend having been paid I think we are maybe looking at a 2% NAV decline in the first half.

[retsius] 17/11/2016 08:38

GPE results today. Assets written down by 4%. If that was applied to DJAN that would translate to NAV of £86.50 per share.
This reduction in assets is about the norm for the property cos. Reporting this week.
Of course DJAN has a large exposure to the US and this should mitigate the Uk revaluation total
R.

[skyship] 12/11/2016 17:22

Room for one more? :)