||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
|stevenlondon3: It stands at a discount of over 10% to NAV and the management are dangling the carrot of another special dividend. That should be enough to at least underpin the current share price.|
|yupawiese2010: .Article regarding share price discount to NAV
|jimbo3352: I was interested to read in a Sunday Times business article yesterday that amongst a group of bulls predicting that the commercial property cycle had another 5 to 15 years to run, Michael Marx expressed the only bear view with some rather vague global concerns. Perhaps this explains why his departure does not seem to have affected DSC share price?|
|horndean eagle: Thought I would pop back and comment on results. Dire once again. All this guff about record profits etc and yet the reality of it is NAV has gone up 8.4% over the year. IPD over the year ungeared has risen 15%+. DSC with gearing woefully underperformed. This is despite them having assets from the depths of the recession coming to fruition. Just goes to prove how terrible management have been. See Marx has gone now. Hopefully big changes afoot. Saving grace for share price has been rapid growth in IPD coupled with very positive sentiment across the sector.|
|contrarian joe: Dev Sec buys JV partner's stake in Brighton project
18 March 2015 | 08:14am
StockMarketWire.com - Development Securities has bought its 50:50 joint venture partner McLaren Property's stake in the £100m 'Circus Street' regeneration project in Brighton for a total consideration of £4.0m.
Resolution to grant planning consent was secured in September to transform a derelict fruit and vegetable market in a prime location in Brighton into a comprehensive mixed-use regeneration project.
Circus Street will incorporate 142 residential units, 450 student beds, 38,000 sq. ft. of office space as well as a new dance studio for South East Dance and a new library and academic buildings for the University of Brighton.
The project is being delivered as a public private partnership alongside the freeholders of the land, Brighton and Hove Council and the University of Brighton.
At 8:14am: [LON:DSC] Development Securities PLC share price was +1.38p at 232.88p
Story provided by StockMarketWire.com
- See more at: http://www.stockmarketwire.com/article/4997667/Dev-Sec-buys-JV-partners-stake-in-Brighton-project.html#sthash.Qj8SbTJn.dpuf|
|contrarian joe: :
Dev Sec to pay special dividend
24 February 2015 | 08:07am
StockMarketWire.com - Development Securities says it is on track to hit management expectations for the full year and that a special dividend of £10.0m (8.0p per share) will be paid in addition to the final year dividend.
The company also announced that Michael Marx is to stand down as chief executive at the annual general meeting on 14 July.
He will be succeeded by Matthew Weiner who has served as a main board director for 10 years. Richard Upton, formerly chief executive of Cathedral and a main board director of Development Securities, will be appointed as deputy CEO with Marcus Shepherd continuing as finance director.
Masrx will remain on the board as a non-executive director until 29 February 2016.
The group said: "Our performance has been strong in the period, with significant gains generated from our diverse activities in regeneration, development and trading and we are on track to deliver management's expectations for the full year.
"Alongside the disposals previously announced at 399 Edgware Road, North West London and the Telegraph Works, Greenwich, which together have released £35.0 million of cash and could in the near-term realise up to £20.0 million of profit, today we also announce progress at Cross Quarter, Abbey Wood, our mixed-use regeneration project next to the Crossrail terminus in South East London. We have now disposed of the first phase of the residential element of this scheme at capital values significantly ahead of our appraisal values, with construction of these unitsdue to complete in August this year."
At 8:07am: [LON:DSC] Development Securities PLC share price was +5.5p at 243p
Story provided by StockMarketWire.com
Latest share price and company details:
Development Securities (DSC)
- See more at: http://www.stockmarketwire.com/article/4982478/Dev-Sec-to-pay-special-dividend.html#sthash.0y4i4XuZ.dpuf|
|speedsgh: Think I am what can be described as a happy holder this morning :o)
With an average significantly below the current share price, the full yr dividend along with the special will represent a very handsome return on cost. Nice to be rewarded with some decent income while watching the NAV steadily climb.
Expect to stick with DSC for some time yet. They're in a bit of a sweet spot in the cycle in their industry at the mo.|
|fozzie: I agree Sky another good deal for Dsc. You would seem to have been in and out here over the last year, having recently got in again what are you looking for in terms of a share price target?|
|skyship: It is an interesting exercise to look at the share price of DSC compared with the two REIT peers – BLND & LAND.
Going from the turn of the century, you will note that at the bottom of the 2008/9 crash, share price movements were pretty much par-passu.
What then caused the divergence was the stock overhang from the 2010/11 rights issues, as discussed in the Header to this thread.
After the tap finished it can be seen that actually DSC has outperformed the other two; though needs to go some to once again close the gap.
A clear exercise of the fact that Market timing is everything in this game; and frankly does rather shed a different light to the the bearish comments made by others.
free stock charts from uk.advfn.com
free stock charts from uk.advfn.com|
When challenged on your comment "firesale now well underway" you replied "your beloved share price has tumbled from £2.80 to £1.70"
Did I miss an intervening post of yours that has somehow disappeared into the ether? I can't see the connection between the two statements, it's a complete non-sequitur.
And what's all this about the "graph does not lie"? As if a fall in the share price tells anything about the value of the company. All the share price tells us is whether a company is cheaper, dearer or correctly priced compared with our own estimate of its value. So as a graph contains no reference to a company's value, a falling graph can only tell us that a company is cheaper than previously. No-one is disputing that so where's this lie?|
Dev.Secs. share price data is direct from the London Stock Exchange