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Diamond Life. Share Discussion Threads
Showing 26 to 48 of 50 messages
|A sensational conspiracy theory published in todays Sunday Express !
VANISHED CONMAN 'FAKED DEATH'
Sunday January 4,2009
By Ted Jeory
SENSATIONAL claims are being made that a group of businessmen who went missing in a mysterious plane crash staged their deaths and fled with millions of pounds. The four debt-ridden Britons were officially on board a small Brazilian charter plane that crashed along the country's coastline last May. A rescue operation was called off when wreckage from the twin-engine Cessna washed up after several days. However, the bodies of the four men and two Brazilian pilots have never been found. The passengers had links to companies that were in financial
R32;difficulties and one was less than a week away from settling a costly divorce.
|Missing Britons' plane found in Brazil
By Sarah Radford and agencies
4:45PM BST 06/05/2008
Not looking good for chances of any survivors.|
|Looks like it's all over here. Glad I sold at 10p or so; what a downward spiral since the AIM RTO listing in 2006!|
Diamond Lifestyle Holdings PLC
29 April 2008
Diamond Lifestyle Holdings Plc ("Diamond" or the "Company")
Further to the announcement made by the Group on 24 April 2008 the board
announce that the discussions with the potential provider of finance have now
ceased. The board has therefore requested that trading in the Company's shares
on AIM is temporarily suspended pending clarification of the Company's financial
|Still risky - need financial position clarifying.|
|Online limits rising|
|MM's got wind of update ??|
|already have my good man along time ago and made a decent turn on it as well
was going to short it but couldn't get a decent price|
|This company is IMHO dead in the water, they are exactly the kind of sub-prime lender that no one will want to do business with. They prey on Council House owners right to buy and package mortgages even where the household has zero income, they then re-mortgage over and over gain with loan to value gradually creeping up to 100%.
Dump this stock as fast as you can before they go bang|
|Diamond Lifestyle Holdings PLC
20 September 2007
Diamond Lifestyle Holdings Plc
('Diamond' or the 'Group')
unaudited half yearly report
Diamond Lifestyle Holdings Plc, the financial and advisory intermediary,
specialising in the provision of mortgage broking and related services to the
sub-prime market under the Governments 'Right to Buy' scheme, announces its
unaudited half yearly results for the period ended 30 June 2007.
Turnover for 6 months to 30 June 2007 £3.6 million and £2.9 million on a
pro forma* basis (6 months to 30 June 2006: £3.5 million)
Gross profit margin for 6 months to 30 June 2007: 53.5% and 57.0% on a pro
forma* basis (2006: 60.4%)
Administrative costs for the 6 months to 30 June 2007 were £2.0m and £1.7m
on a pro forma* basis (6 months to 30 June 2006: £1.5 million)
Loss before interest and tax for 6 months to 30 June 2007 £9,291 and
profit of £89,000 on a pro forma* basis (2006: profit £622,111)
* as a result of the Company adopting reverse acquisition accounting the 2007
pro forma figures reflect the activity of Diamond Lifestyle Limited to which the
comparative 2006 figures relate.
At the time of writing, the Board is clearly aware and sensitive to media
coverage in both the banking and sub-prime sectors, but against this challenging
background the Board remains confident in the Groups medium and long term
In my statement to the market 31 July 2007 I noted that the sub prime lenders
had reviewed their financial arrangements with suppliers that had led to a
reduction in lending fees and commissions. It was also noted that the Group had
made significant progress in reducing administrative costs, associated with the
cost of conveyancing, and had ceased to operate in areas where acceptable
financial returns could not be achieved. Furthermore, I stated that the Group
had renegotiated its fees and commission arrangements with lenders so as to
restore them to historic levels. The adverse market events of the past number
of weeks has resulted in further downward pressure being experienced by the
Group on fee and commission rates.
The adverse impact on the UK banking sector in 2007 has been driven by loan
defaults in the United States, causing related funding and balance sheet
pressures in the UK. Inevitably, this has translated into a tightening of
lending criteria, raising of interest rates and reduction in fees and
commissions paid to the Group.
Turnover for the 6 months to 30 June 2007 was £3,554,003 and £2,941,000 on a pro
forma* basis (2006: 3,468,883). In the six months to 30 June 2007 the Group
recorded a loss before interest and tax of £9,291 and a profit of £89,000 on a
pro forma* basis. (2006: profit £622,111).
As at 30 June 2007 the Group had cash resources of £118,361 (2006: £870,075).
During the 6 month period to 30 June 2007 the Group repaid £750,000 of loans to
Clydesdale Bank Plc (2006: £nil).
The Loss per Share for the 6 month period to 30 June 2007 amounted to 0.05 pence
per share (2006: Earnings per Share 0.38 pence per share).
Against this background, the board has implemented the following strategies to
re-establish profitability and enhance cash generation in the current year:
Reducing administration fees in particular in respect to conveyancing
A new supplier of leads providing a high number of remortgage
Ongoing negotiations with lenders to improve commercial terms, whilst
maintaining a broad based panel of lenders.
Given the difficult economic climate for mortgage finance, at this time, the
business remains focused on providing appropriate mortgage finance to its client
base. However, the board remains actively engaged in identifying and pursuing
appropriate acquisition opportunities, to further exploit the Group's strong
position in the sector.
19 September 2007|
|Interim results out this morning [RNS]|
|Yes, looks like everythings gone a bit pear shaped here to me!!|
|looks like it will be loss making for 1st 6 months|
|i can't see the results ,can anyone?
glad i sold|
|oops...glad I got out of these post RTO now!|
|will be interesting to see if results are in-line or better
lots of newly listed companies fall short
although there must have been some fairly hefty costs which will affect 1st set of results
also a stratergy for the future, as the company has the potential to generate decent amounts of cash so potential aquisitions could help the company grow|
|t1ps.com tip other day with tgt price of 12p
don't worry about l2 on such a small stock mm's quote only for 5k!|
|Quiet in here.
Does anyone have level 2?
i don't have access at the mo.
How many MMs? ?v?
Many thx to anyone who can advise.|
|Not as good as my holding in WTH!!!!
|"I bought a few more of these at 5.75p. I think they might edge a bit further up in the short term."
Nice movement this morning..|
Hopefully not too long to wait on BRF. It would be nice to see them do a deal as good as this one.
I bought a few more of these at 5.75p. I think they might edge a bit further up in the short term.
|mine were at the recent placing
as they say paper profits are not hard currency
could be possible bid for kensington set this alight today
sub-prime lending etc
have you heard anything on brf?
it's worth a small punt tv|
|You got the timing better than me NTV - what price did you get? Looks like I sold a week late as I only got a rather pathetic 5p! Oh well, a profit is a profit!|