Share Name Share Symbol Market Type Share ISIN Share Description
Dromana LSE:DMY London Ordinary Share AU000000DMY2 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.49

Dromana Share Discussion Threads

Showing 1 to 6 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
24/1/2006
18:24
RNS Number:2998X Dromana Estate Limited 23 January 2006 Replacement announcement: This announcement replaces the announcement released at 10:32 on 19 January 2005 with RNS reference 1581X. The reason for the replacement is the correction of the ex-rights, record and closing dates of the right issue. Dromana Estate Limited January 23, 2006 Appointment of Group General Manager Extension of Ex-Rights date and Closing Date of Rights Issue Requisition by shareholders of General Meeting Appointment of Group General Manager The board of directors wishes to announce the appointment of Mr. Bill Gryst as Group General Manager. Mr. Gryst brings a wealth of experience from within the wine industry to the company, having held senior positions with both Hardys and Southcorp. The board envisages a long term relationship with Mr. Gryst following an initial period through to June 2006. This appointment follows a review of the company's operations and the development of a new sales and marketing plan undertaken by Mr Gryst. Mr Gryst has identified a series of initiatives to improve the company's performance, of which a number have already been begun to be implemented. The board considers Mr. Gryst's appointment to be an important step in Dromana's future. Extension of Ex-Rights Date and Closing Date of Rights Issue The company wishes to announce that after discussions with the Takeovers Panel it has been agreed to extend the ex-rights date and closing date of the Company's Rights Issue each by seven days. The revised timetable for the rights issue is as follows: * ex trading date - Jan 26 * record date of the rights issue - Jan 27 * closing date of the rights issue - Feb 24 Requisition of General Meeting of Shareholders The company has received a notice from Mr. John Lawrence Hempton, Mrs. Jennifer Anne Hempton and Phelbe Pty Ltd (whose governing director is Mr. Simon David Maher),(these requisitioning shareholders hold in excess of the required 5% of the ordinary shares of the company), requesting the Company to call a General Meeting to seek shareholder approval for the following resolutions: 1. "The members of Dromana Estate Limited resolve that Richard Green be immediately removed as a director of the Company" 2. "The members of Dromana Estate Limited resolve that David Craig be immediately removed as a director of the Company" 3. "The members of Dromana Estate Limited resolve that Geoff Bell be immediately removed as a director of the Company" If these motions are passed, the requisitioning shareholders would propose the following motions: 1. Simon David Maher be appointed as a director of the Company. 2. Jennifer Anne Hempton be appointed as a director of the Company. The company expects to announce and forward a Notice of Meeting concerning this issue to all shareholders next week.
currypasty
31/1/2005
12:14
RNS Number:9827H Dromana Estate Limited 31 January 2005 Dromana Estate Limited Quarterly report The following announcement was released to the Australian Stock Exchange today Dromana Estate Limited ABN 58 090 000 276 Level 9, 406 Collins Street Melbourne 3000 Telephone: 61 3 9600 3242 Facsimile: 61 3 9600 3245 www.dromanaestate.com.au January 31, 2005 Company Announcements Office, Australian Stock Exchange Limited, Level 4, 20 Bridge Street, Sydney 2000. Please find attached the company's Appendix 4C for the period ended 31 December 2004. The company notes the ending cash position for the quarter and confirms that it has traded materially in line with budget for the first half year. The second quarter contains substantial payments to external grape growers to complete their supply contracts for the 2004 vintage. The unexpected delay in the AIM capital raising from December 22 2004 to January 12 2005, has also contributed to the reported cash balance. The company successfully raised #600,000 (AUD 1,468,788) on January 12, 2005. This capital raising has substantially increased the company's cash balance. The company looks forward to increasing sales through a number of new initiatives over the next half year and believes these sales initiatives and tight cost control measures will ensure an improved cashflow performance. The company confirms that it is in compliance with the Listing Rules, and in particular, Listing Rule 3.1. The company also confirms that it is in compliance with Listing Rule 12.2 and considers that it is in a strong position to continue its recovery. Chris Ritchie Chief Financial Officer Rule 4.7B Appendix 4C Quarterly report for entities admitted on the basis of commitments Introduced 31/3/2000. Amended 30/9/2001 Name of entity DROMANA ESTATE LIMITED ABN Quarter ended ("current quarter") 58 090 000 276 DECEMBER 04 Consolidated statement of cash flows Current quarter Year to date 6 months) Cash flows related to operating activities $A'000 $A'000 1.1 Receipts from customers 1.014 1,595 1.2 Payments for (a) staff costs (215) (395) (b) advertising (154) (163) and marketing (c) research and development - - (d) leased assets (101) (164) (e) other working capital (847) (1,275) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received - - 1.5 Interest and other costs of finance paid (31) (67) 1.6 Income taxes paid - 1.7 Other (provide details if material) - - Net operating cash flows (334) (557) Current quarter Year to date 3 months) $A'000 $A'000 1.8 Net operating cash flows (carried forward) (334) (557) Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (55) (55) (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities (30) (172) 1.12 Loans repaid by other entities 210 210 1.13 Other - Repayment of Debt Net investing cash flows 125 (17) 1.14 Total operating and investing cash flows (209) (574) Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 0 250 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Other (provide details if material) Net financing cash flows 0 250 Net increase (decrease) in cash held (209) (324) 1.21 Cash at beginning of quarter/year to date 245 360 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter 36 36 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter $A'000 1.24 Aggregate amount of payments to the parties included in item 1.2 NIL 1.25 Aggregate amount of loans to the parties included in item 1.11 30 1.26 Explanation necessary for an understanding of the transactions During the period the company lent finds to the National Vintages Joint Venture to enable that entity to repay all trade creditors. The company will recover this loan through the final distribution of joint venture, which ceased trading on 30 June 2004 and has an excess of assets over its liabilities. Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest Financing facilities available Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2). Amount available Amount used $A'000 $A'000 3.1 Loan facilities 1,300 1,300 3.2 Credit standby arrangements - - Reconciliation of cash Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. $A'000 $A'000 4.1 Cash on hand and at bank 183 245 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other (provide details) Total: cash at end of quarter (item 1.22) 183 245
currypasty
13/1/2005
16:22
this is just the start,but lets keep it quiet
kirk2
12/1/2005
11:04
Is there any wine lovers out there who know much about dromana's products
iwantthatone
12/1/2005
09:07
Dromana Estate Limited ("Dromana" or the "Company"), producer and marketer of premium and ultra premium Australian wine, announces that its shares were admitted to trading on AIM today. Dromana is also listed on the Australian Stock Exchange ("ASX"). The Company has raised gross funds of #600,000 by way of a placing of 5,454,545 New Ordinary shares of an average of 11p per share. At the placing price, Dromana will have a market capitalisation of #3.0 million. The number of Ordinary Shares in issue immediately following Admission is 26,870,524 Ordinary Shares. The percentage of Enlarged Share Capital being placed pursuant to the Placing is 20%. Grant Thornton Corporate Finance is Nominated Adviser and HB-corporate Broker to the Company. Business Summary Based in Victoria, Dromana is a producer of premium and ultra premium Australian wine and markets under seven brands. Dromana acquired the assets and business of Dromana Estate Vineyards in April 2000, which was established in 1982. The Company has been acquisitive, purchasing Mornington Vineyards Estate in June 2000, a 49% interest in the Yarra Valley Hills Joint Venture in November 2000 and an 80% interest in David Traeger Wines in November 2002. From the outset, Dromana has been a pioneer in establishing the Mornington Peninsula as one of Australia's premier cool climate wine regions. In the UK, Dromana currently sells its wines through distributors to restaurants and hotels. The Company's main goal in listing on AIM is to raise its profile in the UK and expand its market presence. Dromana is offering shareholders a 20% discount on wine purchased direct from the Company. It also plans to introduce to the UK a Loyalty Programme, currently operating in Australia, for restaurant and bar owners in the form of a four year share option. Business Overview Dromana exports two of its seven brands to the UK restaurant and hotel trade. The wine retails at under #10.00 a bottle. Later this year, the Company plans to introduce a third brand with the launch of the David Traeger Verdelho, a "super premium wine". In September 2003, prestigious UK Wine Magazine "Decanter" awarded the David Traeger Wines 2001 Verdelho a five star rating. Dromana will progressively seek to expand the portfolio of wine available in the UK to all seven of its brands. Shareholders purchasing direct from Dromana will have access to all its seven brands which embraces, white, red and sparkling wine. Purchases can be made via email and fax. The UK is the largest importer of wine by value in the world and six Australian wines are in the top 10. Dromana's key markets include: Ireland, Canada, Russia, Singapore as well as the UK and Australia. It has recently launched its wine in Korea and Japan. Once firmly established in the UK, Dromana intend to target the rest of Europe. Dromana has won many gold, silver and bronze medals, 4 star ratings and other accolades, both in competition with other Australian wines and those produced worldwide. Most recently, the 2002 Dromana Estate Pinot Noir was awarded a gold medal at the 2004 Royal Melbourne Wine Show and the 2003 Mornington Estate Pinot Noir was awarded a blue-gold award at the 2005 Sydney International Wine Competition Current Trading and Prospects Dromana is in a recovery phase having spent two years restructuring the Company. The strong Australian dollar, combined with poorly performing Australian distributors, has impacted on Dromana's profitability. Reasons for the Placing and use of Funds The proceeds will be used to increase working capital, repay debt and to assist in further increasing sales both domestically and internationally, especially in the United Kingdom, one of the Company's largest export markets. Placing Statistics Placing Price #0.11p (per share on average) Number of Existing Ordinary Shares 21,415,979 Number of Placing Shares 5,454,545 Number of Ordinary Shares in issue 26,870,524 immediately following Admission Number of Ordinary Shares under option 7,050,667 immediately following Admission Fully diluted share capital following the Placing 26,870,524 Percentage of Enlarged Share Capital 20% being placed pursuant to the Placing Estimated proceeds of the Placing #480,000 receivable by the Company after expenses Market capitalisation of the Company #2,955,758 at the Placing Price following the placing
currypasty
12/1/2005
09:07
Dromana Estate Limited ("Dromana" or the "Company"), producer and marketer of premium and ultra premium Australian wine, announces that its shares were admitted to trading on AIM today. Dromana is also listed on the Australian Stock Exchange ("ASX"). The Company has raised gross funds of #600,000 by way of a placing of 5,454,545 New Ordinary shares of an average of 11p per share. At the placing price, Dromana will have a market capitalisation of #3.0 million. The number of Ordinary Shares in issue immediately following Admission is 26,870,524 Ordinary Shares. The percentage of Enlarged Share Capital being placed pursuant to the Placing is 20%. Grant Thornton Corporate Finance is Nominated Adviser and HB-corporate Broker to the Company. Business Summary Based in Victoria, Dromana is a producer of premium and ultra premium Australian wine and markets under seven brands. Dromana acquired the assets and business of Dromana Estate Vineyards in April 2000, which was established in 1982. The Company has been acquisitive, purchasing Mornington Vineyards Estate in June 2000, a 49% interest in the Yarra Valley Hills Joint Venture in November 2000 and an 80% interest in David Traeger Wines in November 2002. From the outset, Dromana has been a pioneer in establishing the Mornington Peninsula as one of Australia's premier cool climate wine regions. In the UK, Dromana currently sells its wines through distributors to restaurants and hotels. The Company's main goal in listing on AIM is to raise its profile in the UK and expand its market presence. Dromana is offering shareholders a 20% discount on wine purchased direct from the Company. It also plans to introduce to the UK a Loyalty Programme, currently operating in Australia, for restaurant and bar owners in the form of a four year share option. new to aim today
currypasty
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