Dowgate Capital Share Discussion Threads

[whitewestie] 15/4/2009 09:14

blue again on 2 trades of 65k approx 1 buy 1 sell 35% increase does somebody know something? thats a 76% increase in 2 days.

I e-mailed TR about the late results amongst other comments and he replied that they would be out as soon as possible but no date was mentioned.

on-line buy 100k @ 6.4p sell 50k @ 5.6p

L2 3 v 3

WW

[maxharry] 14/4/2009 19:42

propane

Why do you care so much about this share?

[propane] 14/4/2009 18:52

blackm0nday

"Since last Autumn, the Board has received a number of tentative approaches from
third parties, none of which has resulted in an offer being made for the
Company"


That tells a story in itself, if a 'number of approaches' have been made without an offer .........does that mean that they didnt like what they saw?

God knows what the only one interested is offering for dgt.....not a lot i would
say as there's hardly going to be a bidding war for dgt is there!

lol

[propane] 14/4/2009 18:11

RNS out.........

Looks like you're all gonna be put out of your misery!....someones gonna snap up dgt's clients for 5p or 6p per share imo.............wouldnt be surprised if you get stuffed on the sale price.



14 April 2009

Dowgate Capital plc ("Dowgate" or the "Company")

Share price movement

The Board of Dowgate notes the recent movement in the Company's share price.
Since last Autumn, the Board has received a number of tentative approaches from
third parties, none of which has resulted in an offer being made for the
Company.

The Board received a further approach last week regarding a possible offer for
the Company and has noted the third party's interest and agreed to provide key
information on Dowgate subject to a suitable confidentiality agreement being
signed which has not yet happened.

If any further developments arise in relation to the above a further
announcement will be made.


For further information contact:

Dowgate Capital plc
Tony Rawlinson, Chairman Tel: [phone]
Neil Badger, Director Tel: [phone]

Grant Thornton UK LLP
Nominated Adviser
Philip Secrett Tel: [phone]
Colin Aaronson Tel: [phone]


Rule 2.10 of the City Code on Takeovers and Mergers

Pursuant to Rule 2.10 of the City Code on Takeovers and Mergers, Dowgate would
like to confirm that, as at the close of business on 9 April 2009, the issued
share capital consisted of 41,437,923 ordinary shares of 7.5p each, of which
1,950,833 shares are held in treasury. Accordingly, the number of shares
carrying voting rights is 39,487,090. The ISIN reference number for these
securities is GB00B1VYT114.

[yohoho] 14/4/2009 16:36

News Blackm0nday?

[blackm0nday] 14/4/2009 16:02

and up we go LOL
News is out!

[donaferentes] 14/4/2009 08:33

re post 7023, should those option prices be multiplied by 30 post consolidation?

[yohoho] 13/4/2009 22:59

Propane, I think your last post wasnt directed at me. Anyway, I think we all agree that given the opportunity we would would all remove the current senior management and inject fresh flood, looking for a broader spread of business. As a matter of interest, how much percentage of the business is agreeable to this idea?

[propane] 12/4/2009 19:45

Yohoho,

'who was hailed as a saviour?'

Tony Rawlinson, the current chairman of dgt, he took over from the previous crook, 'Stephen Barclay'........


Also, This is an old article (pre share price consolidation)
I dont know if it is still relevent re: the 73m shares exercisable at prices of between 0.26p and 1.25p up to mid-April 2014......

maybe someone here can confirm one way or the other?

DOWGATE CAPITAL (DGT).
Article from:Investors Chronicle Article date:June 24, 2005

The parting of the ways of Dowgate's (formerly CFA) founders Stephen Barclay (this March) and John Shaw (last July) may have been friendly, but the news of their departures - and the sale of all their 94m shares (15 per cent of the share capital) in December - has not been good news for investors. In April 2004, the share price was 1.5p - it's now less than a third of that and will struggle to rise. This is because there are still options over nearly 73m shares exercisable at prices of between 0.26p and 1.25p up to mid-April 2014, plus warrants exercisable over 15 per cent of the shares in issue and exercisable at 1p until mid-June 2006.

[yohoho] 12/4/2009 18:24

Thanks both for your thoughts. I certainly don't disagree with either comments - after all we are speculating here and that's what makes a market. I'm certainly not as bearish for the outlook of AIM or DGT for that matter. Everything has a price, but to extract what value may be left in this stock will take removal of the current CEO and an urgent strategy change with broadening the business in mind.

[davidosh] 12/4/2009 16:40

My view would be that if Webb were really so good and able to extract value or maximise profits why was he removed from his own fund that he managed ??

If Edmondstone were keen to add value at DGT he should give back the shares that he gained for nothing and it would certainly be stretching a point if he claimed he earned them....He was paid a salary after all. That episode cost DGT about half its market cap !!!

[yohoho] 12/4/2009 14:34

Propane and davidosh, my point is that the time has come to remove those responsible for the parlous state of this business. Yes, AIM has an uncertain future but unless action is taken to change the strategic direction of this firm, (and that starts at the top,) it will limp on and eventually fall over.
My point on Webb and Edmonstone is one of control. By my reckoning they have together 29% - ish and could therefore exercise control should they act in concert. Webb is no fool: he continues to buy in for a reason. Having managed funds all of his career until losing out to activist shareholders, perhaps he is taking a leaf out of their book and planning likewise? It would also provide a useful launchpad for the acquisition of a fund management business.......Just thoughts, as usual DYOR......

[davidosh] 10/4/2009 13:15

propane,

It does rather look like that and if the company could not make decent returns for shareholders three years ago then it certainly will not now.

yohoho,

It would be a bizarre twist of events if Edmonstone were planning to return or unseat the current board with the shareholding he very generously acquired for just a few weeks work, literally.

[propane] 10/4/2009 10:22

Yohoho,

A clearout now isnt going to achieve anything, maybe a few years ago when aim was at its peak but the bubble has burst on aim, if you have no clients you have no business.......simple as that. The management at dgt have creamed off previous profits and ripped off shareholders, they've made their dosh and dont give a toss about anyone else. They will continue to award themselves inflated salaries and bonuses until the horse cant be flogged any more.

[yohoho] 10/4/2009 10:09

Propane, I agree; I expect the results to be dire and anecdotal evidence suggests that things are, if anything, worse there. It is time for a clear out at the top and repositioning of the firm. A Webb/Edmonstone axis in terms of shareholding could acheive this.

[blackm0nday] 09/4/2009 13:40

Propane
its all in the price.