Dev.Secs. Share Discussion Threads

[leedsu36] 09/11/2015 18:22

Oh dear me CM,i'm supposed to fall that that old chestnut huh.

Did the two exposed rats converse well today.

Beware the pump and dump experts at work here and elsewhere with multiple alias's.

But don't worry ordinary punters,we will expose them and their machinations,debt can be hidden in all forms guys/gals including name changes.

[ammons] 09/11/2015 06:59

Agreed, done.

[leedsu36] 06/11/2015 17:56

Take note,TWO RAMPING RATS are here.They have also called a helper.These RATS stand EXPOSED,their racket stands EXPOSED.Pumping & Dumping means,innocent investors get fleeced,must be EXPOSED.

I take note of the Ramping rats ramping on multiple forums using multiple ids.
Warning,these rats will be opening shorts,soon.watch the shenanigans on SXX board as an example.

All will be revealed soon.

[lord gnome] 06/11/2015 17:45

Eh? Care to enlarge on that statement and offer a bit more in the way of evidence or proof? Seriously, I am all ears.

[leedsu36] 06/11/2015 17:34

What a total mess here,millions of hidden debt,all will be common knowledge soon enough.

AIMHO.

[skyship] 06/11/2015 09:28

Name change starts today - link here to the new thread. Same Header; but will update:

[citymohawk] 05/11/2015 18:53

Totally not digging the name, but I have this strange feeling Lionel is going to love it.

Although, I still love the company of course.. ;)

[lord gnome] 05/11/2015 18:31

What a horrid looking and rather brutal bit of development that Percy Place scheme is. Couldn't DSC come up with anything more imaginative? How on earth did the Dublin authorities give that planning permission? Probably highly profitable for DSC, but nasty.

[stupidboypike] 05/11/2015 17:31

just in time for the name change SKY, you must be delighted!

[skyship] 05/11/2015 15:49

yupa - thnx for that piece on Percy Place...

[speedsgh] 05/11/2015 15:10

No doubt it will perk up if another special div is announced in the spring, especially after Mr Carney's 'guidance' today!

[skyship] 05/11/2015 14:02

Bought back in with two tranches averaging 237p. Might be too early as the downtrend still dominant; but I reckon on a 6month view there should be 10% upside from here.

[yupawiese2010] 28/10/2015 12:45

Percys Place Dublin.

[yupawiese2010] 25/10/2015 09:31

Sky - Here is the cut & paste article.

Development Securities’ new chief executive Matthew Weiner has unveiled a plan to focus on bigger developments, overhaul its approach to investment management and strike up new joint-venture partnerships.

Union motto

Weiner outlined the strategy alongside unexpectedly weak half-year results on Wednesday in which the company also confirmed its proposed rebranding to U+I, as revealed by Property Week earlier this month.

The name change, which follows its merger with Cathedral Group, was inspired by the ‘Be united and industrious’ motto of the Dock, Wharf, Riverside and General Labourers’ Union, which met in a former pub on the Morden Wharf site in Greenwich that Development Securities and Cathedral Group bought in 2012.

The first element of the new strategy is to focus on a reduced number of larger regeneration projects in London, Manchester and Dublin.

Weiner, who took over as chief executive from Michael Marx earlier this year, told Property Week that this meant focusing on projects with a gross development value of about £100m or more.

“We want to focus on fewer, larger projects in order to make the best use of our skill sets and build a stronger platform,” he said.

The second element is to change its approach to managing the company’s investment portfolio. It has identified five assets worth between £35m and £40m that it will look to sell as part of a drive to recycle capital out of “mature assets”, in order to increase asset management activity on other properties. Instead of selling developments once completed, it will also look to hold on to some elements of schemes where it can curate them over time and add value.

“The goal is to make the investment side of the business a more dynamic core,” said Weiner.

The third element of the strategic review is to introduce a new way of funding projects so it can deliver more than would be possible off the company’s own balance sheet. This will involve partnering with long-term capital partners to create off-balance-sheet, specialist platforms for specific asset classes.

It will start next month by seeking a capital partner for the development of 1,000 private rented sector units, with a gross development value of £300m.

The strategic review was published alongside what analysts described as a disappointing set of interim results. NAV fell by 0.8% to £343.6m following a £3.7m write-down on a retail property on Queen Street in Cardiff.

Although the company said it was on track to meet its previous full-year guidance for £54.7m of development and trading gains, the weak NAV result sent shares tumbling 8% in early trading on Wednesday.

[skyship] 25/10/2015 07:32

yupa - thnx, but propertyweek now subscribers only...

[yupawiese2010] 24/10/2015 23:40

New Strategy.

Looking to focus on fewer but larger projects.

[yupawiese2010] 22/10/2015 14:09

Dublin Investments.

[lord gnome] 22/10/2015 11:46

Barclays Capital reiterates overweight on Development Securities, target raised from 274p to 300p

IC has also reiterated its 'BUY' recommendation. On line yesterday and should also be in this week's printed edition.

[stevenlondon3] 22/10/2015 09:30

It stands at a discount of over 10% to NAV and the management are dangling the carrot of another special dividend. That should be enough to at least underpin the current share price.

[hpcg] 22/10/2015 09:04

I could see nothing in the results to get enthused about. I haven't been in the shares for ages and frankly it would need to be much lower for me to think about buying.

U&I is a terrible name and will be lost in the mass of other companies who already use it.

[skyship] 22/10/2015 07:51

Don't wish to be rude JL & HE; but if we had listened to you many of us will have missed out on the June rise to 290p!

Like most stocks, there is a time to BUY & a time to SELL......even, I grant you, a time to HOLD.

You were both emphatically wrong when you last preached doom and gloom for DSC. As it happens, I'm the same way as you at the moment. Traded out in the 250s the small 5k bought the other day; and now looking for a good re-entry point; but in no hurry...

[spagboll] 21/10/2015 22:50

Perhaps I could invite alternative names to that proposed.....

[spagboll] 21/10/2015 22:46

Agree with alot of the sentiment here, I had the same thoughts when I saw the results. What benefit is there in doing a name change, who cares and why are management wasting their time on it when they should be developing the company. Proven by the fact that these H1 results are disappointing.

[horndean eagle] 21/10/2015 15:37

8% NAV growth in the last 18 months. Given the backdrop they have had. Are you happy with that?