Dawnay, Day Treveria Share Discussion Threads

[andrbea] 04/12/2008 12:42

sustained buying
one of 900k = 450 quid

[crawford] 03/12/2008 09:03

The big issue is getting some leeway with the banks, this is the major issue to be sorted IMHO.

It will be interesting to see what way the NAV has changed since June as well, this impacts on the loans.

[andrbea] 03/12/2008 08:56

yep,

running costs will be less they say:

It is expected that the annual running costs to the Group of the new asset and property
management arrangements (including internal
staff costs) will be less than the existing costs payable to DDG (including DDPI).



and a big cash pile:

The Group has an extensive portfolio that was independently valued at EUR2.2 billion at 30
June 2008 and has significant recurring cash
flow. In addition, Treveria has over EUR75 million of cash at the parent company level.

[crawford] 03/12/2008 08:47

On the face of it, looks like good news this morning.

[andrbea] 02/12/2008 14:54

our 30k buyer is back in town:

cf.

andrbea - 27 Nov'08 - 15:21 - 264 of 269 edit


steady buyer in 30k lots (4 times)

44%

[andrbea] 01/12/2008 09:24

yes

a stakebuilder has to be good news

now (Monday) up 26% on very light trading
short of stock maybe ?

nia dyor

[crawford] 28/11/2008 21:16

WOW: Montpellier now own 17%!!

[crawford] 28/11/2008 09:41

Notification of major interests in shares (Dawnay, Day Treveria)




RNS Number : 1548J
Dawnay, Day Treveria PLC
28 November 2008




TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer Dawnay, Day Treveria
of existing shares to which voting rights are PLC
attached:


2. Reason for notification (yes/no)
X
An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject Weiss Capital LLC
to notification obligation:
Brookdale
4. Full name of shareholder(s) (if International
different from 3): Partners LP,
Brookdale Global
Opportunity Fund1
26-Nov-2008
5. Date of transaction (and date on
which the threshold is crossed or
reached if different):
27-Nov-2008
6. Date on which issuer notified:
5%
7. Threshold(s) that is/are crossed
or reached:
1 Weiss Capital LLC is the Investment Manager of Brookdale Global Opportunity Fund and the
Manager of
Brookdale International Partners LP.

8: Notified Details
A: Voting rights attached to shares

Class/type of shares Situation previous to the triggering Resulting situation
after the triggering transaction
If possible use ISIN code transaction
Number of shares Number of voting Number of shares
Number of voting rights Percentage of voting
rights
rights


Direct Indirect Direct Indirect
GB00B0RFL714 11,950,000 11,950,000 34,385,000
34,385,000 0 5.7% 0



B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument Expiration date Exercise/ conversion No. of voting rights
Percentage of voting
period/date that may be acquired
rights
(if the instrument
exercised/converted)




Total (A+B)

Number of voting rights Percentage of voting rights
34,385,000 5.7%



9. Chain of controlled undertakings through which the voting rights and /or
the financial instruments are effectively held, if applicable:
Brookdale International Partners LP: 3.9%


Brookdale Global Opportunity Fund: 1.8%

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14 Contact name: Georgiy Nikitin

15. Contact telephone number: [phone]




This information is provided by RNS
The company news service from the London Stock Exchange

[crawford] 28/11/2008 09:09

Good start today.

[andrbea] 27/11/2008 15:40

7 times...

[andrbea] 27/11/2008 15:21

steady buyer in 30k lots (4 times)

44%

[crawford] 27/11/2008 15:09

Looks like news tomorrow.

[crawford] 27/11/2008 13:33

MM's are playing it safe...with the spread.

[andrbea] 27/11/2008 12:17

hope so

good rise today (30%)
spread widening too

[crawford] 27/11/2008 09:33

andrbea,
who is buying all this property!

Looking forward to the company updating us, shouldn't be long.

[andrbea] 27/11/2008 09:10

what peer companies are doing:

The third quarter marked the broader European economy's entry into recession, a first for the group of countries that adopted the euro currency. The change in business climate has prompted property companies -- among the hardest-hit -- to abandon ambitious growth projects in favor of plans to maximize cash generation to pay off debt.

In the past week alone, several companies have announced big moves. German property group IVG Immobilien AG dumped plans to create a real-estate investment trust for its office holdings, citing unfavorable market conditions. IVG said it would sell property valued at €350 million, or about $443 million, to pay off debt this year.

Nov 19 2008

[andrbea] 27/11/2008 08:49

in the oral broadcast (interim presentation) they mentioned talks with a potential investor (so that could be the capital injection).

Also a name change in the pipe (Trevaria)

[crawford] 27/11/2008 08:42

I think a capital injection by an outside party would help a lot. I also understand that they were looking at disposals within the silos most affected so we'll see what happens.

[crawford] 27/11/2008 08:41

andrbea,
from what I can see, the company is generating good profits, it's the revaluations thats creating the problems because it's affecting the 5 lending silo's criteria.

The other thing is that space not rented could be as high as 9%, so I would like to see good news on this front.

I wonder if the forced seller is out yet?

[andrbea] 27/11/2008 07:34

some things I plucked from the interims (29.9.08)
looked reasonably stable IMO (year-on-year), till June 2008 at least:

the adjusted profit after tax, which
excludes revaluation movement, surrender premiums and
fair value adjustments on interest rate hedging taken through
the income statement, was ¤17.4 million (2007: ¤20.3 million).

the adjusted operating profit, which excludes any
revaluation movement and surrender premiums, was
¤61.9 million (2007: profit of ¤48.3 million).

[crawford] 26/11/2008 19:14

nickcduk,
plenty of big trades, it's hard to know what they are.

[nickcduk] 26/11/2008 19:07

Some huge trades went through earlier. Tried to pick up a slug around 3.5c but my timing was a little off. Will try again tomorrow. Be interesting to see who was picking up stock today. Wouldn't be surprised if Jim Mellon was the guilty party.

[andrbea] 26/11/2008 16:41

reckon so

a 1 million buy came thru' too

[crawford] 26/11/2008 15:13

andrbea,
I assume it was a buy?

[andrbea] 26/11/2008 14:27

largish trade (10.09h) 2.2 million