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DGC Dobbies Garden

1,265.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Dobbies Garden DGC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,265.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
1,265.00 1,265.00
more quote information »

Dobbies Garden Centres DGC Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 26/6/2007 10:36 by tuffbet
The market cap of DGC is small beer for the players round this table which is what makes me think the price eventually paid for DGC will not reflect so much it's value as a stand alone business.

For Tesco it's a strategically important broadening of their base and having now shown their hand to the opposition ie how they are thinking and what direction they are moving in they have much more than the added value of DGC as a part of their empire to lose if they don't now get it.

As for M&S + Waitrose getting DGC would be more important as a spoiler - they have to do as much as possible to stop Tesco achieving even greater dominance and buying power so that although they won't admit it would be their prime reason for participating if indeed they are. The fact that DGC would also be a pretty good addition to either retailers business model gives a rival bid from them something of a double whammie so I can certainly see why they could be interested.

I said earlier at DGc's market cap level a few pounds more on the share price is neither here nor there in the bigger picture - just have a look at what level executive benefits have now reached,even paying the failures off now cost hundreds of millions and shareholders don't generally bat an eyelid.
Posted at 21/6/2007 14:59 by tuffbet
spongman

re directors shares going out so don't have time to help but if you have not already tried it go to the ADVFN News items for DGC and scroll through that - it's tedious but if you have the time you can usually find what you are looking for there.

All I know right now from ADVFN is that at end of January 2007 Barnes had 6.77% Brewin Dolp had 12.62% F&C 4.38%, Framlington 4.10 and Adam and Co a subsiduary of the Royal Bank of Scotland had 3.05% .

I suspect that for both the Adam and Brewin holdings these will be in respect of nominee accounts so most of the voting control there should lie with the individual share holders or if they have one their investment managers who won't always be Adam or Brewin - not much help but may contribute a little.
Posted at 21/6/2007 13:02 by spongman
Hope this is not old news:-

Today 21/06/07 Seymour Pierce gave HOLD recommendation on DGC.

Regrds
$pong
Posted at 21/6/2007 11:09 by gengulphus
Correct me please if I am wrong. Am I right in saying that DGC is SETS traded rather than SEAQ?

I don't think DGC is SETS traded or SETSmm traded. If it were, I would expect at least some trades to be of type "AT" (one matched by the SETS/SETSmm order book) rather than type "O" (one done through a market maker). I would also expect it to show trades of type "UT" (uncrossing trades from the opening and closing auctions) at the starts or ends of at least some days, and I would expect to have seen it showing an "AU" flag in my portfolio listing when I look at it at the right time of day for those auctions (when streaming) or about 15 minutes later (when not). I have seen such flags on a few others of my AIM shares that do show trades of types "AT" and "UT" (for example, MJW), but not on DGC.

I'm not familiar enough with SEAQ, SEATS, etc, to know exactly which trading system DGC uses, but from the trades, it looks to be one of the ones based on market makers rather than an electronic order book.

Gengulphus
Posted at 21/6/2007 09:43 by tuffbet
Correct me please if I am wrong. Am I right in saying that DGC is SETS traded rather than SEAQ?

If so this mornings fall which seems to be on very light volume may be the MMs taking advantage of a generally nervous market to pick up some stock in order to fulfill buy orders - it seems a reasonable thing to try in the circumstances - if they don't trade they don't make money.
Posted at 20/6/2007 20:37 by wahlenm
My post number 35 in which I suggest that TH might want to dispose of his holding in DGC and sell Wyevale to Tesco. I could never understand why TH bought Blooms when I was sure he would go for Dobbies first. It occurred to me today that he had identified tesco as a possible suitor for Dobbies so went for Blooms first. This is because he guessed Tesco would not interfere as they did not want to disclose that they were interested in entering this market and thus bid up Dobbies. Buying Blooms improved the viability of the enlarged Wyevale and also made it more attractive to Tesco. Any thoughts?
Posted at 20/6/2007 19:00 by spongman
Gents,

Offer document now states only 50 per cent take-up required.

What now? TH keeps buying or does this smoke out a bid? TSCO already get about 1.5Mil compo if DGC pull out and they still seem to be backing TSCO Bid. Where does other 50% lie? is it possible they already have enough pledges?

Still think the final bid could be below here even if it gets upped.

AIMHO. Please DYOR as I know nothing but would welcome your comments on the above.

TIA
Regrds
$pong
Posted at 18/6/2007 08:49 by tuffbet
Walking in peace and quiet does help the brain focus and mulling things over I came to the same conclusion as you wahlenm ie if TH wants to maximize his strategic position it seems logical that he should be negotiating with Tesco to throw in his hand on DGC at say £20 ps or more but only if they also buy Wyevale.

I think he is too shrewd to think he can compete against a Tesco in his market place and therefore he either has to get enough shares to frustrate Tesco's attempt on DGC or negotiate out everything he has in the sector if he can't block their Dobbie's bid.

Either way that doesn't seem a bad position to be in for DGC existing shareholders but I've learned not to be surprized by anything.

Good posts wahlenm and Gengulphus valuable contributions
Posted at 30/5/2007 16:33 by tuffbet
As his wealth would suggest Hunter has his business head well screwed on and I think he is again right on the ball if he is indeed looking to buy DGC as his holding suggests.

While Mr Hunter and Dobbies are now nationally known both have their roots (no pun intended) in Scotland and I think this is significant because I have a feeling that Mr Hunter would love to get his hands on this prized Scottish asset. While he is a hard headed business man an would I am sure never let sentiment rule his business judgement I have a feeling that sometimes, but especially when you are very rich, you are prepared to pay that little bit more or go just that bit further to get something which you can associate with in the early part of your life and the ownership of which could never have been considered as even a remote possibility. If a fight develops for Dobbies, which I think it will, I don't expect Mr Hunter to give up easily so as I see it the price could go much higher .

The second factor which makes me think the current price could be well below the takeout level is that it's generally accepted that whatever your buying you pay as little as possible in order to maximize the profit potential or simply the pleasure of securing ownership at a price which seems a bargain relative to the joy of ownership. The fact that purchases are being made at or around the all time high for DGC's share price suggests that the buyers are fairly desperate or determined to mop up whatever shares they can get now . Why should taht be ? Well perhaps they think there is little chance of getting them much cheaper and if they wait for a better opportunity ie a lower price a third party may just pick up a strategically vital percentage of the shares before they do.

Just my own humble opinion - glad to hear what others think .

On a separate but related note I am just back from a holiday in Scotland and visited one or two garden centres during that visit none of which were owned by Dobbie's. What I came away with on each occasion was renewed confirmation of my long held view that a well run garden centre is a potential gold mine. I watched the buses rolling in and each contained about 30 people average age around 65 all with time to burn and money to spend. Those who were not spending on gardening items were either spending in the cafeterias or buying gifts, cards etc all the items with high mark ups - I can't think of a better business to be in right now it even looks recession proof !

Throw in the asset side of thinks ie valuable land and you have a business model which it seems to me the likes of Warren Buffett would be keen to invest in ie asset rich ,cash generative, relatively simply franchise and one which can be expanded globally with some modification .

May be wrong but I can't see Dobbies going for under £15 in the midst of the current acquisitions boom
Posted at 30/5/2007 15:52 by tuffbet
As his wealth would suggest Hunter has his business head well screwed on and I think he is again right on the ball if he is indeed looking to buy DGC as his holding suggests.

While Mr Hunter and Dobbies are now nationally known both have their roots (no pun intended) in Scotland and I think this is significant because I have a feeling that Mr Hunter would love to get his hands on this prized Scottish asset. While he is a hard headed business man an would I am sure never let sentiment rule his business judgement I have a feeling that sometimes, but especially when you are very rich, you are prepared to pay that little bit more or go just that bit further to get something which you can associate with in the early part of your life and the ownership of which could never have been considered as even a remote possibility. If a fight develops for Dobbies, which I think it will, I don't expect Mr Hunter to give up easily so as I see it the price could go much higher .

The second factor which makes me think the current price could be well below the takeout level is that it's generally accepted that whatever your buying you pay as little as possible in order to maximize the profit potential or simply the pleasure of securing ownership at a price which seems a bargain relative to the joy of ownership. The fact that purchases are being made at or around the all time high for DGC's share price suggests that the buyers are fairly desperate or determined to mop up whatever shares they can get now . Why should taht be ? Well perhaps they think there is little chance of getting them much cheaper and if they wait for a better opportunity ie a lower price a third party may just pick up a strategically vital percentage of the shares before they do.

Just my own humble opinion - glad to hear what others think .

On a separate but related note I am just back from a holiday in Scotland and visited one or two garden centres during that visit none of which were owned by Dobbie's. What I came away with on each occasion was renewed confirmation of my long held view that a well run garden centre is a potential gold mine. I watched the buses rolling in and each contained about 30 people average age around 65 all with time to burn and money to spend. Those who were not spending on gardening items were either spending in the cafeterias or buying gifts, cards etc all the items with high mark ups - I can't think of a better business to be in right now it even looks recession proof !

Throw in the asset side of thinks ie valuable land and you have a business model which it seems to me the likes of Warren Buffett would be keen to invest in ie asset rich ,cash generative, relatively simply franchise and one which can be expanded globally with some modification .

May be wrong but I can't see Dobbies going for under £15 in the midst of the current acquisitions boom

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