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Dunedin Ent.IT. Share Discussion Threads
Showing 251 to 274 of 275 messages
|Another listed private equity fund has been increasing its holding:
|I've a few esoteric holdings but quite keen on some other propcos - got a load of KWE, a few SREI & TRY, & like PILR, RGL & AEWU, though don't hold all of them right now.
Sucker for yield & discount - not much capital growth in most of the REITs but some really strong income streams I reckon.|
|Specto - "...have those already" - Yes, we all seem to be suffering portfolio compression due to the paucity of value to be found elsewhere. I'm still only in PE trusts, propcos (now just LSR & UAI) & distressed debt (NBDG - my largest holding). Every day I cast around for something different...|
|@Sky - agree there's better elsewhere, but trouble is, I seem to have those already! Spread puts me off selling, tho I know it shouldn't, and also living in hope that they can finally turn it around and actually have some success.
Although the GRY may be nothing to write home about, the NAV discount does give a fair bit of margin for error.|
|Specto - agree, everything has a price, however because of the extended and reaffirmed timescale, I would suggest that you could do a lot better elsewhere.
If they manage to pay out the current NAV of 473p by 30th Jun'22, the GRY weighs in at a lightweight 7.8%pa at the bid price of 310p.|
|What went wrong? For years it was a successful and popular - with retail investors - trust.|
|Only technical, didn't really trade there.
Still - DNE remains probably the worst p/e trust on the market IMO - only in it myself because "everything has a price" !|
|Yet another drop back, minus 3.1%, on the day.|
|Third Quarter Results
|Barwon Equity Partners - Private Equity & Property investors - now has a 7.26% holding in DNE.
|"..just picked the wrong sectors." You are very generous Topvest. Personally I vote with eeza on this one. I view Dunedin management as incompetent and on the take. It seems as though the whole Dunedin structure is managed for the good of its managers, not its stockholders.
Glad to be out...|
|Think they have just picked the wrong sectors. Reminds me a bit of Candover, but hope its going to turn out a lot better than that one.|
|The management are, probably, the most inept in the sector. Would you give them a job? I would say that they are unemployable. Look at their record. Over any period you can mention they have vastly underperformed their peer group.
The CEO, at each results presentation, has always expressed surprise (disappointment) with the results. Almost a cut & paste each time.
"Well, unfortunately, another disappointing performance from DNE". As if it's the Co's fault, and nothing at all to do with the totally useless, unfit for purpose management. Whilst they charge 2.9% for abject failure.
They know full well they are pariahs in the sector, and unemployable, so they are going to stretch this out to infinity - if not beyond. IMO.
However, don't want to de-ramp as I sold the residue of my holding almost immediately I read " disappointing, no returns in the short term", at a small loss. I was expecting a better performance & a tender with the half year, given their earlier optimistic murmurings about interesting short term opportunities for realisations. Now off the watchlist, and BB deleted.
Good luck to all who stay the course.|
|You think they'll be that quick?|
|It's 475p of assets, allegedly in wind-down, for 320p, but can't disagree re disappointing performance - and can't tell whether NAV is going to start turning up sometime, or is in continual decline.
Not sure what "short term" is either - 3 months? 6 months? A year? We know there's returns coming, but clearly in the equally vague medium term.
Was never comfortable with "at least 7 years" for orderly wind-down - seems that's one of the few things the board will keep their word about!|
|Agreed, disappointing. Decided to cut my small loss and move on...|
|Normal service from DNE again - disappointing performance, you'da guessed it.
"The current forecast timing for realisations and new investments suggests it is unlikely that there will be further distributions of capital to shareholders in the short term."|
|Just received email from DNE.
We expect to issue the RNS this afternoon for the DNE Half Year Results to 30 June 2016.
|"...Active ownership and with a strong focus on value creation and transparency."
Wonder if they'll do anything about the bleeding-us-dry fees...|
|Doesn't seem to be doing it any harm at the moment.
These people are now involved:
12% - HTTP://www.lind-invest.dk
4.84% - HTTPS://barwon.net.au|
|Not just below 3%, but out completely. So that overhang gone. Imho.|
|Legal & Gen doing the selling, now below 3%.|
|17% given away by someone.|