||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Real-Time news about Develica (London Stock Exchange): 0 recent articles
|shawzie: I remember Puma Brandenburg being taken out by Shore at a considerable discount
and after Puma share price had collapsed. Managers could very well take out DDE with further falls in share price.|
|pre: here's the rns including words from chairman:
RNS Number : 6538E
Develica Deutschland Ltd
23 December 2009
FOR IMMEDIATE RELEASE
23 December 2009
DEVELICA DEUTSCHLAND LIMITED:
("Develica" or "the Company")
Develica, the AIM-listed German property investment company, today announces
that on 22 December 2009, Grant Tromans, a non-executive Director of the
Company, acquired 2,250,500 ordinary shares in the Company of EUR0.01 each
("Ordinary Shares") at EUR0.03 per Ordinary Share for a total consideration of
EUR67,515. As a result of this latest purchase Mr Tromans now owns a total of
10,000,000 Ordinary Shares, equivalent to 4% of the Company's issued share
The Company also announces that Develica Deutschland Management Limited, the
Company's Manager and a business controlled by Grant Tromans, acquired 1,200,000
Ordinary Shares at EUR0.03 each for a total consideration of EUR36,000 on 22
December 2009. This brings the number of shares owned by the Manager to
32,175,000, equivalent to 12.87% of the Company's issued share capital.
Derek Butler, the Chairman of the Board said these purchases demonstrate the
support of the Directors and Manager to Develica and their belief that the
current share price underestimates both the current value of the Company and its
potential for future growth on a recovery in the German economy.
Baron Phillips, Baron Phillips Associates. Tel: 020 7920 3161
Philip Secrett, Grant Thornton Corporate Finance Tel: 020 7728 2578
This information is provided by RNS
The company news service from the London Stock Exchange
|shawzie: Is this share price now low enough for a buy-out?
If the company can weather the storm until 2012, when property prices should be recovering value,it could be a terrific investment.|
Thanks. I only had a few DDE and the loss was small. I certainly won't be tempted to buy them back however low they go. Management competence is always a key issue for me and they have failed on that score.
Like you I intended selling IERE around 90p and then didn't. Instead I sold a couple of days ago at what will probably prove to be the bottom. Some of their debt is too short term which is probably the reason for the further share price fall? But having known that for ages I don't know why I waited for the shares to fall so far before selling? I see the price is up 1.5p today.
I agree that in time some of these are going to soar. I like DCI - but wish they paid a dividend. The shares look far far too cheap - but might stay that way a while longer.
I also hold Delek - and there are some very useful posts on ADVFN explaining the likely reason for the further share price falls recently.
I am worried about DTR as the share price keeps drifting down. I'll hold until the strategic review update and results. I'm hoping that they will be able to maintain the dividend. From what you have posted, and checking out previous news/results it seems likely that they will be able to. If so even if the strategic review proves to be a non event the high dividend should surely provide some support for the share price.|
|kenmitch: Very disappointing and I've sold for a modest loss today luckily only buying recently after positive posts here, which added to checking out the facts then available made this look an interesting punt. Wrong.
I'm now getting worried about DTR and whether the share price is telling us that insiders know that the strategic review will be a damp squib and results an unpleasant surprise just like those from Develica today.Hope they too don't cancel the dividend. Delays are rarely followed by good news.
On the plus side results from Dolphin Capital yesterday were excellent. Just a shame that they are spending surplus cash on buybacks instead of dividends. Despite those impressive results and INCREASE in NAV, their shares fell 2p yesterday. A crazy reaction to results that in normal times would have seen the shares rise. No posts on the ADVFN DCI bb yesterday and it could well be that the results have passed almost unnoticed. Well well worth a look imo for any wanting to recover losses made on Develica. Go to their website and have a look at the buy notes from Panmure Gordon for starters. The lack of any dividend while waiting for the shares to reflect current value is the main drawback imo.I also think they are wasting money buying back their shares but this is a changed and minority view. Most will see that as a plus and at least it shows they have surplus cash.
After the disappointment with Develica and the worries re DTR, apart from DCI, I'm likely to give up on the AIM quoted Companies in favour of the likes of Investment Trusts like KEIF (Kenmore European) which looks very cheap at just 35p. Instead of cancelling the dividend as Develica has,KEIF actually increased theirs to 3.06p to give a 6p annual 17% dividend yield while waiting for the share price to perk up again.
e.g Hirco, another AIM share - shares have been falling for ages and look far too cheap. But again I'm no longer prepared to take the risk that the falling share price is telling us something, so am keeping well away.|
|nickcduk: I wonder why they didn't point out DDE share price return over the current period.
Against its peer group however, DDE's price has been
remarkably robust, comfortably outperforming this sub-group in both capital
terms and by total return over the period. Indeed, in capital terms, DDE
outperformed the sector average by 13% and the Fundamental Data index of German
property funds (includes residential funds) by 12.7%. The total return margin
was similar, 11.9% and 11.5% respectively. Since 30 September, in difficult
financial market conditions the shares, despite dropping below 81 Euro cents,
have continued to perform well against the immediate peer group|
|nickcduk: Shares continue to get trashed. Tried to contact the company and its PR people about when results are out. I don't think shareholder relations are one of their strong points. Ive been chasing them since last week and just get fobbed off. Have a mind to report them to the regulators so they are forced to issue a statement regarding the share price fall but have held back for now. Its obvious a large seller is selling indiscriminately. A few large trades have crossed at 18c which helps with the overhang but difficult to tell how much more there is left.
Hybrasil - Have you been in the market mopping up stock?|
|shawzie: Drip, drip, drip. Share price just keeps on getting lower and lower.
Does this mean that bad news is about to break or the Company will be taken private or is it a fantastic investment opportunity?
I wonder how Develica UK and Develica Asia is performing?|
|nickcduk: Taken the plunge and picked up an initial stake at 23.25c. Large seller in the background obviously doing some damage to the share price. Hopefully results will put a stop to it. A few disposals as mooted in their last announcement should help reduce gearing worries. A chunky dividend will do no harm either. Should recoupe the 23c with a few years of dividends alone. Ready to add more if spikes lower again.|
Develica share price data is direct from the London Stock Exchange