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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dev.Secs. | DSC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 234.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 234.25 | 234.25 |
| Top Posts |
|---|
Posted at 06/11/2015 17:56 by leedsu36 Take note,TWO RAMPING RATS are here.They have also called a helper.These RATS stand EXPOSED,their racket stands EXPOSED.Pumping & Dumping means,innocent investors get fleeced,must be EXPOSED.I take note of the Ramping rats ramping on multiple forums using multiple ids. Warning,these rats will be opening shorts,soon.watch the shenanigans on SXX board as an example. All will be revealed soon. |
Posted at 16/3/2015 10:54 by contrarian joe Don't forget the 8p divi investors will receive,xD 7th march so investors on the registrar 6th march will receive the divi,the chart therefore is misleading. |
Posted at 08/1/2015 10:33 by skyship Jlo - Thanks for that. This is the relevant extract:"But the sector that excites Wright’s interest most at present is what he calls ‘secondary property’. This means property that is away from the prime locations, such as the middle of the high streets of large cities. He commented, ‘While property prices in general rose in the aftermath of the financial crisis, secondary property prices started to fall in 2012. Investors worried about the health of the economy didn’t like secondary property, with the lease lengths tending to be shorter and the property tending to be less prime. 'This caused the rental yields to go to 10 or 12 per cent, and even now quite a few of those companies are trading at discounts to their net assets. One such company, Max Property Group, was recently taken over at a large premium to its share price.’ The companies he favours for investing in this sector include Development Securities and CLS Holdings. Development Securities is listed on the FTSE SmallCap Index, and for the financial year to the end of February 2014 it reported profits of £19.5 million on a turnover of 79.3 million." |
Posted at 21/10/2014 14:49 by citymohawk HE - I'm glad you used the words "Hazard a guess" because - That's exactly what it will be; no matter what numbers we plaster here. That includes your 290p call. I'm shocked that anyone will sit and divide 18p by 2 and use a figure of 9p as a barometer/target (if you're an accountant then... you're forgiven).You seem to have made assumptions of 6% growth? which is of course conservative but why not 2% or 8%? Either use the bench mark or don't. For you to have picked 6% must have been based on some logic or plucked out of the air. You can't then start to use illogical inputs and think that your 290p output has any credibility other than a guess. No one can say the NAV should be "this" because of xyz bench mark says so; then go on to apply a humble sense of conservatism to support a predetermined market bias. Business models, strategies and objectives are all unique to the firm yet they all enter the same index. Poor quality assets can turn over the right numbers for an accountant but the firm can last 5 mins. These scenarios have been plagues across the markets over recent times. Furthermore, no one here knows the terms of equity attributed to their JV's. Coupled with a true value on pipeline of work, no one here really has a clue of what to expect. The market wants growth translated into the Balance Sheet NOW and as it has lost patience so has the price. DSC have been consistent in their NAV. This is why the market doesn't like and unfortunately some investors lost their patience for which I don't blame them. Whilst I too may sell out shortly, that doesn't change the fact that I believe DSC to be an exceptionally undervalued play if you plan to hold for a few years. |
Posted at 15/10/2014 15:58 by hpcg Horndean - I have quite a bit of sympathy with your analysis. There are a few bull points:1. Major shareholders could do their job and sack the under-performers. Low probability. 2. Activist investor comes onboard and does above. 3. Takeover. 4. The NAV gap closes because it has in the past. Once investors get over their misguided assumption that interest rates are going up soon then this becomes more attractive. All your valid points were true when the gap closed earlier this year. In other words I disagree with your "I wouldn't expect the discount to narrow" statement as recent history shows it can do just that. 5. UK property has lost none of its safe have allure with the kicker this time that the UK economy is one of the stronger ones. I did buy some at 210, I'm not buying now, may as well wait for results for one, and the market to shakedown some more two. With current management this is not a long term hold. |
Posted at 15/10/2014 12:28 by citymohawk HorndeanI'm not entirely sure how you are calculating these numbers. DSC are not running a check account with the Halifax for the returns to be calculated on such a literal basis. I think you are comparing apples with pears here. I don't see you quoting as follows, and look forward to your figures if you have them: The last 5 year growth in NTAV: The growth in cash flow over the last 5 years: The growth in investment activity over the last 5 years: Top line growth in the last 5 years: Growth in pretax margins over the past 5 years: In terms of revenue per share they are in 11th place out of 32 stocks in their industry. Yes the ROE may be "only" 5.8% and whilst that is fundamental, the fact remains that they have a near 9% cash flow yield. I mean this politely, but you seem to be mincing yields and rates of return on equity. In their category, they are as efficient as any of their piers. In fact, they sit right in the middle (see below). The problem is that you (and most of you sceptics) are looking at the share price first where I agree, it is exceptionally frustrating. TRV TREVERIA PLC -29737% PLAZ PLAZA CENTERS NV -864% DUPD DRAGON-UKRAINIAN PROPERTIES -70% DCI DOLPHIN CAPITAL INVESTORS -42% RUS RAVEN RUSSIA LTD -2% SAPO SOUTH AFRICAN PROPERTY OPPOR 0% LXB LXB RETAIL PROPERTIES 0% UTG UNITE GROUP PLC 0% DJAN DAEJAN HOLDINGS PLC 0% UCP UNITECH CORPORATE PARKS 0% KWE KENNEDY WILSON EUROPE REA 0% QED QUINTAIN ESTATES & DEV PLC 3% BLV BELVOIR LETTINGS PLC 5% WSP WYNNSTAY PROPERTIES PLC 6% CAL CAPITAL & REGIONAL PLC 6% FOXT FOXTONS GROUP PLC 8% DSC DEVELOPMENT SECURITIES PLC 8% CWD COUNTRYWIDE PLC 8% WINK M WINKWORTH PLC 9% MTVW MOUNTVIEW ESTATES PLC 9% LAS LONDON & ASSOC PROP PLC 10% CCPR CAPITAL & COUNTIES PROPERTIE 11% SMP ST MODWEN PROPERTIES PLC 11% PNS PANTHER SECURITIES PLC 11% CLI CLS HOLDINGS PLC 11% LSL LSL PROPERTY SERVICES PLC 12% GRI GRAINGER PLC 12% HLCL HELICAL BAR PLC 22% AGP ASIAN GROWTH PROPERTIES LTD 28% SBD SONGBIRD ESTATES PLC 51% SMTG SUMMIT GERMANY LTD 1470% SRE SIRIUS REAL ESTATE LTD 2435% |
Posted at 15/10/2014 12:14 by tiltonboy leedsu,SKYSHIP is a succesful and well respected investor, so grow up. If others come to a different conclusion, well that's what makes a market. Succesful investors get the occasional one wrong, and if we do we just put our hands up and admit it. |
Posted at 15/10/2014 07:47 by leedsu36 Tough is not the word,there is going to be some serious explanations needed here.pi's are always last to act,hanging in there hoping for a turnaround in share price when large investors have already moved on and cut their losses,in other words the coffee should have been smelt 6 months ago. |
Posted at 13/10/2014 16:14 by scburbs More good news as the Shepherd's Bush market CPO process completed on Friday."Shepherd’s Bush Market in line for multi-million pound makeover after ministers approved a major regeneration project on the historic site." Here is what DSC said in the IMS. "During the period, we have secured institutional funding to bring forward the development of two mixed-use regeneration projects. In March, we secured £44.1 million of funding from Pramerica Real Estate Investors for the first phase of development at Shepherd's Bush Market, a significant mixed-use regeneration scheme in West London. We are now on site undertaking the renovation of the market which will significantly improve its physical quality, infrastructure and retail offer. The redevelopment will also include up to 212 residential units and we anticipate starting on site with the first phase of residential development in Q1 2015, pending the final conclusion of the CPO process in respect of a number of retail units that occupy part of the site." |
Posted at 24/4/2014 06:06 by roscoepeeco Exactly HE,I would indeed invest in AIM stock but only on the condition that all my criteria are met. If my filters spit out an AIM stock, then in almost all cases there is something to doubt when it comes to the boards intentions to deliver shareholder value. That is not to say there are no good companies. I am not in a position to ever question someone's morals (unless of course they are clearly pumping/dumping stock to mugs!)which is happening here, So,I have found in many instances that AIM investors wear the same hat as a gamblers. They all want something for nothing. A bit like fat people and diet pills/vibration plates. There is never any diligence and quite often someone else has hit the bulls-eye where the "investor" acclaims the credit. However, I'm pleased to see that you recognise the events known as "lucky". So,I was negative about CRST I started posting on that thread at £%.45 a share warning everyone about the likes of the (then) current board. Was I not right from day 1 of posting? In fact, I also posted that the only saviour will be someone looking for a nice tax-break. The problem with AIM "investors" is that they can't see the difference between negativity and the truth. This is primarily a result of their predisposition to 1) consider themselves to be better investors than they actually are and 2) being overoptimistic on the board they invest in. This cognitive dissonance is the reason that you will always be a long-run loser on the AIM markets. I generally invest on fundamental facts deciphered through (mostly meticulous) diligence. However, I would never invest without understanding the behaviour of the global participants. Those two research principles are powerful and coupled with my assumptions being valid about the prospective/actual board a lot of money can be made. As I said many times re: CRST; there were smart people who were bidding at 4/100 and I can almost assure you that i was one of them. Note that the only reason I have entertained a long response to you is that you seem intelligent enough to understand what i'm saying. Where did you get debt free from though?? Which company you talking about? Re: History, don't get too excited, it's just a list of companies where you would need to dig a little deeper to see how much value has been delivered to share holders. I forget the ticker (give me a few hrs) but there was one beautiful one which I call "work in progress". In short,this will soon collapse. |
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