ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DGT Dowgate

7.125
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Dowgate DGT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 7.125 01:00:00
Open Price Low Price High Price Close Price Previous Close
7.125
more quote information »

Dowgate Capital DGT Dividends History

No dividends issued between 19 Apr 2014 and 19 Apr 2024

Top Dividend Posts

Top Posts
Posted at 10/8/2009 20:29 by whitewestie
I also received all my cash and shares last week from my brokers and by post.

I assume this BB will be closed down on the 18th as Dowgate will no longer be listed.

Also there does not appear to be a BB for Astaire on Advfn, anyone found one elsewhere? not that it matters much as i cannot see them moving much anytime soon, i will tuck them away and forget them unless they happen to shoot up one day then i will get rid.

Concentrating on some oil recovery stocks now and making a lot more money on these in a short time than i ever made on DGT in years.

Good luck to all.

ww
Posted at 04/8/2009 13:52 by donaferentes
Anyone know the correct treatment of this transaction:-

1) What is the effective date? I'm working to 20th July when it was declared unconditional.

2) The cash is obviously a cash disposal. How are the ASTR shares too be treated for CGT purposes? Is this a disposal of DGT shares and a simultaneous acquisition of ASTR at the mid-price value of 5.75p per share? Or what?

Thanks for any advice.
Posted at 20/7/2009 09:11 by davidosh
Gengulphus.....If you hold the shares as a minority you are still a shareholder in DGT and the questions do need to be asked.
Posted at 16/7/2009 15:39 by lr4850
FSA are going to look into my complaint about actions of DGT board; especially regarding pension and renumeration. Can anyone here help in stating what they see as the issues of concern? Perhaps for the FSA to read here in the course of their enquiries.?
Posted at 06/7/2009 23:27 by davidosh
I think the DGT board is the one to ask and they should be able to give a straight answer. The whole issue of salary, pension payments and bonus pay compared to actual profit is one which needs clarification.

lr4850....If you want a company with growth, net cash and a low rating just take a look at MUBL with results coming this Thursday. A nice contract last week with Morrisons and it is a well run rapidly growing business due to the demise of Woolies ! Take a look and the directors have promised a dividend in the near future. On a p/e of four it could double and still be very cheap.
Posted at 28/6/2009 11:36 by lr4850
I am very surprised that more debate has not been generated about ASTAIRE hostile takeover. Gengulplus has produced a very informative and thought provoking post and after reading the offer document I am inclined to accept either one of the Astaire offers; especially if it ousts the DGT board rawlinson et al-

I expect that DGT will try something underhand to scupper this takeover. On initial reading the case is more convincing to go with Astaire and i am even contemplating using this opportunity to average down with the further purchase of DGT shares initially and then more astaire shares with the cash received. Things here could get very interesting, but it seems like most shareholders here have been beaten down by the poor performance and antics of DGT (where is the cash from those warrants and options in firms they act/acted for?????)

What are other shareholders contemplating??/thoughts/feelings??
Posted at 27/6/2009 12:56 by gengulphus
Looksalike Astaire going hostile and pleading to DGT pi's in their offer document. Will rawlinson survive this? What do holders think? Is it worth going with a different bunch of shiezters? ...

If that's your view of them, you presumably just want to get out and it's just a matter of which route out is better - accepting the Basic Offer and then selling the Astaire shares, accepting the Alternative Offer and then selling the Astaire shares it produces, or just selling the Dowgate shares.

Accepting the Basic Offer and selling the Astaire shares is currently worth a bit under 7.5p per share, with 3p of that subject to uncertainty about whether the offer succeeds and the rest subject to that uncertainty and also quite a lot of uncertainty about what the Astaire share price will be by the time you get them.

Accepting the Alternative Offer and selling the Astaire shares is currently worth a smaller amount under 7.5p per share, with 6p of that subject to uncertainty about whether the offer succeeds and the rest subject to that uncertainty and also quite a lot of uncertainty about what the Astaire share price will be by the time you get them (but with only 1/3rd as much of the return subject to that extra uncertainty compared with the Basic Offer).

Just selling the Dowgate shares is worth about 5.75p at present, but has the benefit of certainty about it going through once the sale has been agreed.

Personally, I reckon that accepting the Alternative Offer and selling the Astaire shares is the best of those three routes - but that decision does depend on how highly you rate certainty about getting out.

If you do decide to accept one of the offers, there is also the question of when you accept it. In general, individual shareholders probably want to wait until the offer goes unconditional or at least gets up to more than 50% acceptances, the reason being that when you accept, your shares go into escrow and you're likely to have problems about withdrawing your acceptance, as you might wish to if e.g. a better offer came along. The main exceptions to that general rule are:

* If you want to accept to increase the number of acceptances and so increase the chances of the offer going through. This is not usually at all significant for individual shareholders, as their shareholdings are such small percentages of the shares - but in this case the company is small enough that it might be an important consideration for some of the larger individual shareholders.

* Cases where waiting and watching is too much hassle and you value getting the acceptance out of the way more highly than the risk of missing out on a better offer. E.g. with the first closing date of this offer being July 15th, someone who was going on holiday for the second half of July might well reckon it was better just to accept now.

... DGT in one RNS were saying offer excluded the private broking arm. Is this correct?

No. The offer document describes a standard takeover offer, which if it succeeds fully and ends up with Astaire acquiring the remaining shares by compulsory acquisition will mean that Astaire owns all the shares and so owns the entire company.

I don't remember the RNS you describe and haven't found it in a quick look - which doesn't mean that I'm saying it doesn't exist (I haven't looked for it very hard), just that I can't confirm its existence or comment on exactly what it said. But I'm pretty certain that if it does exist, it must be about a different possible offer or be about a tentative idea that got expanded into an offer for the entire company.

Gengulphus
Posted at 27/6/2009 11:25 by lr4850
Looksalike Astaire going hostile and pleading to DGT pi's in their offer document. Will rawlinson survive this? What do holders think? Is it worth going with a different bunch of shiezters? DGT in one RNS were saying offer excluded the private broking arm. Is this correct?
Posted at 23/6/2009 13:26 by donaferentes
My best hope is that the DGT mgt manage to up the price a notch more, then I can sell out at a small loss - lost faith in DGT mgt (what a shambles giving their ex-so-called-mates so much of the company to walk away with for free!) and not interested in BO/Astaire who seem to me a bunch of wide boys, long on the marketing, short on the shareholder care.
Posted at 16/4/2009 09:10 by gengulphus
Not a good outturn - who want's Blue Oar paper? Dump DGT for cash while you can.....

Not wanting Blue Oar paper isn't a good reason to dump DGT for cash - they've said that if they make an offer, cash will be available and a share alternative might be - so an offer won't leave you stuck with Blue Oar paper if you don't want it.

The risk of the offer not going through is a good reason to dump DGT for cash - though that's got to be balanced against the fact that if the offer does go through, you'll get a bit more cash - at least 6p per share compared with about 5.8-5.9p available from the market right now.

Gengulphus

Your Recent History

Delayed Upgrade Clock