Share Name Share Symbol Market Type Share ISIN Share Description
Daejan Holdings LSE:DJAN London Ordinary Share GB0002502036 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -120.00p -2.02% 5,830.00p 5,830.00p 5,835.00p 6,065.00p 5,805.00p 6,065.00p 4,957 16:27:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 198.4 993.0 5.9 950.29

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Date Time Title Posts
18/9/201719:22Daejan - 3.5% yield and 50% property discount688
18/3/201507:28safe as houses190
13/6/200822:47SAFE AS HOUSES?!!35

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Daejan Daily Update: Daejan Holdings is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker DJAN. The last closing price for Daejan was 5,950p.
Daejan Holdings has a 4 week average price of 5,795p and a 12 week average price of 5,795p.
The 1 year high share price is 7,005p while the 1 year low share price is currently 5,400p.
There are currently 16,300,000 shares in issue and the average daily traded volume is 8,380 shares. The market capitalisation of Daejan Holdings is £950,290,000.
trytotakeiteasy: retsius - have a good time and ignore the Daejan share price!!!! About £270,000 sold today. Pretty frustrating. The group could of bought back around £3m worth at a 40% discount to their NAV.
retsius: Ttte Having a weeks holiday in the south of France and watching the share price melt! Must be approaching 'value buy' of the year. R.
retsius: Ttte It's a pity the Annual Report omits any reference to the share price. This should be alluded to , if nothing else it helps to identify with shareholders in the Company.They should say the price has been declining for six months but this is at odds with the co. Performance. Great results but the share price has been dire, but for no obvious reason. That is what is so galling. R.
trytotakeiteasy: retsius - yes someone just keeps on dumping shares...and this is an illiquid we are at a 41% discount...shows that "value investing" is a tough area...If real estate prices are flat this year Daejan should still be able to increase the NAV by about 2% due to rental profit. We should also see net rental income return to growth this year. In my view, the share price weakness is driven by the idea that real estate valuation momentum is over and we may see declines in the UK. Sure but Daejan's has over half of its assets in Greater London where the population is forecast to continue to grow. Is it just me or do you also rue the day you came across Daejan!!!!
trytotakeiteasy: Feels like a seller is continually at work here. Any buys are met by an equal number of sells. It could be a long-time, therefore, before we see any share price progress. i.e. until this seller has exited from Daejan. Just shows even if a company produces good results you don't necessarily see a share price follow-up. Looking at the annual report and the Aldgate hotel could finish this year. Temple Street in Birmingham was completed March 2017 and will add to the rent roll this year. However, we are now heading to a 40% discount to NAV although we could see the NAV decline this year.
trytotakeiteasy: Here we go again. On a positive note the share price shouldn't be able to decline by much more than 12% from here as this would take it to around a 50% discount to NAV. This would entice even the most cautious value investors.
trytotakeiteasy: two years ago in July 2015 the share price was at £65 and the last reported asset value per share was £81.84 - a 20.5% discount. Two year's later the share price is £64 and the last reported asset value per share was £101.61 - a 37% discount. Slightly frustrating!!!
trytotakeiteasy: £101.61 NAV - Much better than I had hoped. Puts stock on a 38.5% discount. EPS even up on a year ago at £9.93 (including property gains). It is hard to see the share price not reacting positively in my view. Full year dividend up 5.4%. A slight negative is a decline in net rental and related income due to higher costs. Not quite sure what happened in the second half on that front as I think it was up in the first half.
trytotakeiteasy: retsius - I take it you went to the AGM last year? I was going to go but was a bit too busy. I think there is a case for a buyback if the discount is say above 30% but I doubt they would ever do it. The trouble with Daejan is the illiquidity. The market value is £1bn. But if someone sold just 0.01% of the shares £100k the share price can fall by a few per cent. So we are more at risk to the changing sentiment. Yes UK commercial property is under the cosh. However, Daejan's exposure to UK residential has increased as a proportion of UK assets. It is something like 42% of UK assets. I think residential property in the UK has held up well. However, UK commercial property is the biggest single segment at 43.8% of total assets. So any weakness here would be a drag. One thing about Daejan's commentary is that they are typically always negative. However, they do tend to generate a robust underlying performance. The interim results were very strong considering the backdrop.
trytotakeiteasy: To put Daejan's frustrating share price in context. The current £64 is below the £65.5 peak hit in December 2006. It is also below the level two years ago in July 2015 of £65.58. The peak pre downturn NAV was £55.4 in March 2008 and today the NAV stands at £95.81. so the NAV is up 73% from the pre-downturn peak but the share price is lower than its peak level before the downturn. All very frustrating. Sentiment is clearly very much against Daejan and the whole of the real estate sector.
Daejan share price data is direct from the London Stock Exchange
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