Share Name Share Symbol Market Type Share ISIN Share Description
Daejan Holdings LSE:DJAN London Ordinary Share GB0002502036 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -25.00p -0.39% 6,435.00p 6,475.00p 6,495.00p 6,535.00p 6,265.00p 6,530.00p 2,600 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 198.4 993.0 6.5 1,048.91

Daejan Share Discussion Threads

Showing 876 to 900 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
17/7/2017
17:06
A possible theory about the fall in UK rents and increase in UK property costs is related to renovations. Maybe Daejan stopped renting some buildings in order to renovate them. I guess also the cost of building the new hotel impacted UK property costs as I can't see any other P&L line where the related costs would go.
trytotakeiteasy
14/7/2017
09:37
retsius - I did a google search and only two news outlets picked up the results. Digital Look and Stock market wire. Slightly disappointing. Will have to see if Investors Chronicle covers it next week. Oh well only a year to wait until the next full year results I guess!!!
trytotakeiteasy
13/7/2017
20:37
TTTE Absolutely agree,spot on with analysis. We are just moving up after a dismal six months of decline, so let's enjoy the rise however short it may be. Property is not going to drop 35%!(I hope) British bulls 13/07: buy ( but don't bet the house) R.
retsius
13/7/2017
19:32
apollocreed - a lot of the decline actually happened after the Brexit vote. Granted months after March 2017 have been somewhat weak. I read recently that June was positive. I think probably things will be flat in the UK but we may see a slight decline. The rental income and its contribution to assets should offset this. The group is a net investor into property every year. Granted we may seen a slight NAV decline when the group next reports. However, gearing is low (especially in the UK) and the company has a strong long-term track record. I was only expected a full year NAV of maybe £98 and we got £101.61. With regard to the asset estimations the company also seems to sell property above book value. So the valuation estimates must be conservative. They even sold above book in the years of the financial crisis - 2007 to 2010. Looking forward and their new hotel in East of the City will complete in 2018 along with Crossrail. Daejan own some assets in the West End near the Crossrail stations. The investment case stacks up in my view and in any event there are always risks ahead!!!
trytotakeiteasy
13/7/2017
18:42
The RICS House Price Balance report came out at midnight. It was a big disappointment, where the forecast was for +15 and the actual figure was +7. The June reading had been +17. Now Daejan's results are for the year ending 31 March 2017 and so are already out-of-date. If the property market is weakening, as many indicators seem to show, then the future may not be so bright for Daejan as everyone seems to think. Their interim report in 6 months time could easily show a decrease in NAV.
apollocreed1
13/7/2017
18:11
It was tipped by Fleet Street Publications a while back I think? It might be in Investors Chronicle this week. Agree, though, that it does tend to fly under the radar.
trytotakeiteasy
13/7/2017
15:52
Daily Telegraph today business: nothing. TheTimes today business:zilch R.
retsius
13/7/2017
11:54
TTTE Trouble is hardly anyone comments on the stock. ST used to have it in his portfolio but sold out two years ago.IC never any comment. R.
retsius
13/7/2017
11:43
retsius - the important thing is that the results feel and look good... this helps attract interest and recommendations (Investors Chronicle etc)....Looking at this today and if I didn't own it I would want to buy it....
trytotakeiteasy
13/7/2017
11:24
TTTE If I was a chartist this has bounced off support of £62 and is heading nicely north. Interesting to see British Bulls comment tonight. R.
retsius
13/7/2017
01:16
Digging deeper and there was a bit fall in rental and related income from £97m in the UK in 2016 to £91.8m in fiscal 2017. This was made up by a jump in the US from £41m to £48.9m. UK property expenses also increased. So net rental and related income in the UK fell off. It is not clear what this is related to so we will probably have to wait for the final results.
trytotakeiteasy
12/7/2017
23:20
retsius - yes the likes of Carillion is one thing that drew me to Daejan. The bulk of assets are in global cities - London, New York - and the company is family run and controlled with little leverage. While this may be volatile due to the economic cycle it is hard to see it not creating value over the long-term.
trytotakeiteasy
12/7/2017
22:00
TTTE Have you seen Carillion this week? OMG shades of RBS
retsius
12/7/2017
21:58
TTTE Yup, saw that,but remember £29 m exchange gain,£14m gain on sale of property and uplift in property values giving the increase in NAV Ten years ago from the accounts, they only had about £46m in the states. R.
retsius
12/7/2017
20:56
Interesting going through the results (page 8). Only 16.7% of equity assets are in the United States. This is because the US assets are more highly leveraged. I.e. while 25% of the portfolio is in the US the actual equity is less due to more debt against the US assets.
trytotakeiteasy
12/7/2017
16:41
TTTE Not a bad day all in all. Very reassuring figures. Hopefully we can build on it. R.
retsius
12/7/2017
16:26
Amazing that 3,500 shares sold today i.e about £225k. Just seems to have been continual selling for sometime. I can't see how Daejan can be worth less in two year's time so why sell now? In the stock market it is all about the flow of funds in particular areas and sentiment. UK real estate very much under the cosh at the moment.
trytotakeiteasy
12/7/2017
11:57
Better! It has now reached a price of two years ago when the NAV was £85! R.
retsius
12/7/2017
10:16
bisiboy - look at the line in the accounts headed: Profit on disposal of investment property. They have always seemed to sell the few assets they do sell for a profit (i.e. above the value on the book). This has been the case even through the financial crisis. Granted property sales aren't large but it does indicate that the valuation of the overall portfolio is probably conservative.
trytotakeiteasy
12/7/2017
09:11
I am sure you are right but where did you see the sale was above book value
bisiboy
12/7/2017
07:52
Overall rents were slightly up. However, net rents were off due to higher costs. I have no idea what they related to. On the valuation front they have continued to sell assets from the portfolio at above book value. Net rents have sometimes been volatile on a year-on-year basis. This year may reflect costs for building the hotel in East London for example. But I am not sure they would be included in the cost line for net rents.
trytotakeiteasy
12/7/2017
07:33
TTTE Re read your comments on Rental income decline and agree that is a slight concern, would like to know why,but then set that against that the net property revaluation rise of £ £144m!! Nuff said. R. Ps. If the share does not rise today ,then..............
retsius
12/7/2017
07:26
TTTE Crackerjack results with ,as you stated ,NAV over a 'milestone'£100!( check my previous hunch on this) So all we have to hope is the share price reacting favourably!? All the decline we have seen since Feb, totally unwarranted. Business very well run and I am very pleased.Property values can rise and fall but like any business you have to plan for possible future problems. I am happy to say Daejan does this to my complete satisfaction ;all I am hoping now is some re- igniting in the market of the share price R.
retsius
12/7/2017
07:06
£101.61 NAV - Much better than I had hoped. Puts stock on a 38.5% discount. EPS even up on a year ago at £9.93 (including property gains). It is hard to see the share price not reacting positively in my view. Full year dividend up 5.4%. A slight negative is a decline in net rental and related income due to higher costs. Not quite sure what happened in the second half on that front as I think it was up in the first half.
trytotakeiteasy
11/7/2017
17:08
Time to sell some UK REITS was around mid '15 when many sat on fat premiums to NAV.
essentialinvestor
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
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