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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dipford Grp | LSE:DIP | London | Ordinary Share | GB0031318883 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.50 | GBX |
Dipford (DIP) Share Charts1 Year Dipford Chart |
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1 Month Dipford Chart |
Intraday Dipford Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/7/2008 | 15:04 | A leading force in the business transfer agency market | 106 |
| 15/5/2003 | 08:16 | Second Coming: Double Dip Recession | 52 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 16/3/2008 14:30 by aleman Ken - I understand your wish to know earn out costs. My point still stands about the cash in the accounts. Each balance sheet statement usually contains about £500k of customer deposits included in the cash balance.Cash and bank overdrafts at beginning of period 353,106 Cash and bank overdrafts at end of period 456,682 Cash and cash equivalents include client account balances of 548,000 I assume the company has an overdraft of 90k and no cash, hence the very low share price and fundraising. There looks to be a basically very good business here that is struggling with interest and earnouts. Possibly a fundraising and renegotiation of earnouts could produce a substantial advance in the shares although I an still very much in the dark about details. It is damn frustrating waiting to see an email and posted notice, neither of which has turned up yet. It reminds me a bit of JCR who had buyout cost worries that were overcome, although they didn't have the credit crunch affecting their market. |
Posted at 15/3/2008 07:45 by kenatbabken AlemanI was talking about the earn out for this aquisition The acquisition of Bruce & Co. will give Dipford comprehensive coverage throughout Great Britain. Once fully absorbed, the acquisition is expected to be a significant contributor to the Group's future profitability. The consideration for the acquisition, which is primarily debt-funded, will be satisfied as to #250,000 in Dipford shares (a total of 406,504 ordinary shares issued at 61.5 pence per share), #1.5 million in cash plus an amount equal to the net cash balance in the company. In addition, there will be a cash earn out of up to #1.25 million, calculated over the four years following completion, depending on the performance of Bruce & Co. The total consideration payable will be a maximum of #3.6 million. An application has been made for the vendor consideration shares to be admitted to AIM and dealing is expected to commence on 9 January 2006. Bruce & Co. was founded in 1988 and is the leading Scottish licensed trade business broker. The two principals, and all the staff, will remain and drive the future expansion of the business. The existing strength in the hotel, pub and retail markets will be broadened to include other Group specialisations such as day nurseries and care homes, while providing the rest of the Group with detailed knowledge and experience of the hotel and leisure markets. For the financial year ended 30 September 2004 Bruce & Co generated a profit before tax of #611,990 on a turnover of #955,495 and as at 30 September 2004 had net assets of #997,066 of which #654,006 was cash. |
Posted at 12/3/2008 15:06 by topvest EGM on 7 april in Exeter. £350K+ committed in shares and convertible loans. I guess this indicates why the share price fell a few weeks ago, as some already were aware of the fact that they were short of cash. Not surprising, I suppose. |
Posted at 12/3/2008 14:57 by topvest EGM notice received in the post to allow the issuance of more shares at 5p for working capital purposes. One would have thought that this should result in an RNS given it is half the existing share price....makes you laugh! |
Posted at 11/3/2008 10:55 by aleman I see Tangent have shown their hand with what I think is an opportunistic bid at TMN. Shares of many small caps are low at the moment as modest selling by PIs with cashflow problems have pushed prices down while possible new buyers have sat on their hands. I do not believe that many shares reflect the fair value that 90% of holders would see in a normal market, never mind what they would want in a bid situation. I hope the bid at TMN is thrown out. Details are still awaited at AMU but the share price there is still at a ridiculous p/e of about 3.3. It is a very sorry market for small caps at the moment and I don't blame opportunists for having a go but existing holders should not cave in. The few smallcap results to come out so far that I've seen have been pretty good and prices will recover if holders don't panic.ken - I'm sure a small VC fund would back the management here so they would not have to borrow that much. |
Posted at 11/3/2008 09:43 by dickstertwo I see Rupert Cattell the Founding Director who left has now set up a similar operation -www.businesssalescen He has received very modest financial backing from BP Marsh ( bpm) the venture capital provider. I also looked up www.TurnerButler.co. As regards DIP - virtually all the original institutional backers have remained in there - surely they can't be happy with the share price As Aleman suggests its an obvious take over /take out situ. Perhaps the 27% HSBC Swiss based nominee doesn't want to play ball. |
Posted at 10/3/2008 16:27 by cyprussteve Hi Aleman, An interesting thought - I take it what you are suggesting is a management buyout ? Given that the share price has risen some 20% in the last few weeks, with no news, it could be that something is in the wind - and, I would agree that they do look cheap at the current share price - I really have little knowledge of how such a buyout takes place - but, as the MD already holds almost 10% of the shares himself, it would presumably have to be a deal which offered him substantial benefit - he last bought 25,000 shares as per the RNS below dated 27-07-06 at a price of 50p. Regards Steve "LONDON (AFX) - Dipford Group PLC said executive chairman Jonathan Custance Baker has today purchased 25,000 ordinary shares in Dipford at 50 pence per share. Baker now holds 1,102,471 ordinary shares, representing approximately 9.49 pct. newsdesk@afxnews.com slm" |
Posted at 10/3/2008 15:33 by aleman I noted recently an approach for AMU, which I hold, and TMN, which I was thinking of buying as they have come off lows. I suspect management involvement in both approaches. In any event it seems financing is available to fund takeovers of these cash-generative smallcap companies. Of my other holdings , I think DIP has to be the most ripe one for a management bid to take it private, not forgetting the listing cost which seems a poor investment given the current market cap. (I also note there is huge director buying of large companies where financing a bid to go private seems unlikely so they take advantage of low share prices in the only way they can.) |
Posted at 06/3/2008 12:14 by cyprussteve Agreed - I believe the foundations have been built, and that 2008 will be the year that DIP begins to generate significant growth - I feel sure it is undervalued at the current share price Interesting to see the Directors holding amongst the major shareholders - I always like to see that - plus, only about 25% of shares in circulation - ( approx 75% held as below ) - hence potential for high growth if investor confidence grows. Regards Steve HSBC Global Custody Nominee (UK) Limited 27.95% BNY (OCS) Nominees Limited 14.96% Jonathan Custance Baker (CEO) 9.48% Dartington Portfolio Nominees Limited 5.31% Rathbone Nominees Limited 4.71% HSBC Global Custody Nominee (UK) Limited 4.30% Giltspur Nominees Limited 4.22% Chase Nominees Limited 3.15% CFS Nominees Limited 3.11% Miles MacEacharn (director) 1.23% |
Posted at 02/3/2008 20:15 by cyprussteve Hi top, Yes - absolutely true - and clearly this is reflected in the current low price. As always, it is a matter of confidence, or not - as the case may be - but, I believe that at the current share price they offer an excellent opportunity as a recovery share. This is just my own simple view, of course. Regards Steve |
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