We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dragon-ukrainian Properties & Development Plc | DUPD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.90 | 10.90 |
| Top Posts |
|---|
Posted at 24/7/2017 13:17 by centipede I have been informed by my broker that‘The Mandatory Cash Offer made by Dragon Capital Investments Limited (DCI) for the whole of the issued and to be issued Share Capital of Dragon-Ukrainian Properties and Development plc (DUPD) not already owned by the Dragon Capital Group, has become wholly unconditional on 18 July 2017. In addition, the Offer has been extended for acceptances.’ You can get various documents at: www.dragon-upd.com/i Looks to me as though the offer significantly undervalues the company, and that DCI must not have got the 50% they need. I am personally hanging onto my shares. |
Posted at 12/7/2017 12:01 by sophia1982 The circular does not contain any major detail.However, it is good that the BOD is telling shareholder how undervalued DUPD is. I think they are trying to put pressure on Dragon to raise their offer. Reading through the circular, it would seem that a 30% premium to the undisturbed price would be not great but at least more acceptable. That would imply at least an offer of 18p. |
Posted at 11/7/2017 18:21 by jbfnfn Whats going on?RNS on 29/6 said The Independent Directors will be writing to DUPD shareholders with its formal response to the Offer Document in due course and by no later than 10 July 2017 RNS today 11/7 "Independent Directors" now expect to be writing to shareholders later today with its formal response to the Offer Document. A further announcement will be released when this is published. The price is up today any guesses why? I have few of these, but I bought at 20p+ so I'm underwater. I'm just a penny punter but I wonder if I've missed some information somewhere? |
Posted at 03/7/2017 16:33 by centipede The results for the year ended Dec 2016 indicate a Net Asset Value of 47.7 million USD – roughly equivalent to 37 million £s. (There is no leverage, and a cash balance of 7.8 million USD. The Offer from DCI ‘values the existing issued share capital of DUPD at approximately GBP16.4 Million’ Why would any shareholder take less than half the value of the company, given that there is also no debt and a positive chunk of cash? I suppose the key is how much the company is actually worth. Hopefully the directors will be telling us soon. |
Posted at 03/7/2017 15:31 by centipede Hi sophia1982, all I have is the notification sent by my broker - see below. I assume that my broker received the document and that they simply copied the relevant bit/s.The tone is somewhat threatening (by implication at least) - using terms such as 'mandatory', and saying that the offer only holds until they have got control of 50%. They're also negating the impact of the dividend by saying this will reduce the 'offer'. The offer comes from DCI (NOT from DUPD), and I also see that the independent directors of DUPD say that: "The Independent Directors will be writing to DUPD shareholders with its formal response to the Offer Document in due course and by no later than 10 July 2017. DUPD shareholders are strongly advised to take no action for the time being.Further announcements will be made as and when appropriate." Again, this all seems dishonest to me. Write down the company assets, then buy it cheaply. I wonder if any 'pressure' is being put on the independent directors? "MANDATORY CASH OFFER The Board of Dragon Capital Investments Limited (DCI), a wholly owned subsidiary of Dragon Capital Holdings Limited incorporated in Cyprus, has announced that it has increased its Mandatory Cash Offer for the whole of the issued and to be issued share capital of Dragon-Ukrainian Properties and Development plc (DUPD) not already owned by the Dragon Capital Group. The Offer values the existing issued share capital of DUPD at approximately GBP16.4 Million. The Offer remains subject only to an acceptance condition at a level of DCI needing to acquire or agree to acquire (whether pursuant to the Offer or otherwise) DUPD Shares representing more than 50 per cent of the voting rights then normally exercisable at a general meeting of DUPD. If any dividend or other distribution is authorised, declared, made or paid in respect of DUPD Shares on or after the date of this announcement, the Offer Price shall be reduced by the amount of any such dividend or other distribution. Terms: GBP0.15 per DUPD Share. If you would like to accept the Offer, please notify us by secure message or telephone no later than 5pm on 11 July 2017." |
Posted at 01/6/2017 14:55 by rjmahan Hi Sophia - he already had a pretty significant stake, with buying at 13p he can always sell to the company if they dont offer more than 13p....I did the same thing - in smaller size :-( |
Posted at 05/2/2016 16:46 by rjmahan I have just bought this - trading at very close to cash, some of which is coming back via a dividend very shortly...hxxps://deepvalueinv |
Posted at 29/12/2014 15:59 by hugepants Bought a few for the 3.5p dividend. Record date is 9th january and payment on 22nd januaryCurrently valued at 30% of last stated NAV of 78p |
Posted at 27/1/2014 08:24 by rjmahan Changed my mind on this due to the political situation - getting out at a profit on my additional position, pretty much flat on my added position.hxxp://deepvalueinve Rob |
Posted at 23/1/2014 12:19 by rjmahan Still think there is substantial value at these prices - agree with envirovision NAV realised possibly £1 - more or less a 3 bagger.hxxp://deepvalueinve |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
