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
  +40.00p +0.64% 6,290.00p 6,275.00p 6,300.00p 6,335.00p 6,245.00p 6,335.00p 3,893 16:28:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 198.4 993.0 6.3 1,025.27

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
16/8/2017
14:16
Feels like a seller is continually at work here. Any buys are met by an equal number of sells. It could be a long-time, therefore, before we see any share price progress. i.e. until this seller has exited from Daejan. Just shows even if a company produces good results you don't necessarily see a share price follow-up. Looking at the annual report and the Aldgate hotel could finish this year. Temple Street in Birmingham was completed March 2017 and will add to the rent roll this year. However, we are now heading to a 40% discount to NAV although we could see the NAV decline this year.
trytotakeiteasy
09/8/2017
13:32
Here we go again. On a positive note the share price shouldn't be able to decline by much more than 12% from here as this would take it to around a 50% discount to NAV. This would entice even the most cautious value investors.
trytotakeiteasy
07/8/2017
14:45
retsius - I think given that the shares are illiquid and there is already family control they don't want to edge out outside investors by buying shares back. At least that is what I imagine their argument would be. I think you could negate this argument by stating that they would reissue the shares when the discount is lower. However, as a family controlled company I am not surprised they don't care what external investors think.
trytotakeiteasy
07/8/2017
14:22
TTTE Share your frustration and as an investor realise even a modest purchase and retiral of shares would do wonders for the share price Write to the Co. Secretary and suggest it. I did some years back and was told they weren't interested.As an investor that statement just does not make sense.... R.
retsius
07/8/2017
13:43
At a 38% discount at £63 and looks like we are moving to a 40% discount. This has been driven by tiny share sales. Would be great if Daejan bought back the shares. Final results from the group got almost no publicity.
trytotakeiteasy
31/7/2017
23:09
Just had a quick read of the accounts and they appear to read well. The rental thing wasn't really resolved as they said something like some rents were revised down. A fair few positives in there such as the group benefiting from Crossrail, development plans for new homes etc. Interim results less than four months away!!!!! Probably NAV will fall marginally but that is ok given the big discount. Patience is a virtue... but Daejan you are pushing me to the extreme!!!!
trytotakeiteasy
31/7/2017
20:41
TTTE Check out annual accounts now to view for previous concerns about rental issues. R.
retsius
31/7/2017
19:22
I don't think share buy-backs are an option here as the Freshwater family owns most of the company anyway. Succession plans are a concern, but I suspect the sons will takeover when they have to. A stock to put to one side and revisit in 10 years in my view. It will almost certainly do reasonably well.
topvest
31/7/2017
09:45
topvest - understand that. However, it is still frustrating. I think Daejan doesn't help itself with the minimal disclosure. The majority of assets are in Greater London, for example, but where? West End is different to the City. I also think a share buy back if the discount is more than 30% would be good. There is also little serious clarity on succession. Who will run the show after the second generation "moves on." We have three third generation family members as non-executive directors. However, none of them are pursuing property as their main career. On a positive note this is a business that could run itself largely at least for five years. Investment plans will be laid out for a number of years. Interesting that Fuller's is able to buy shares back despite being family controlled. No reason really that Daejan can't in my view.
trytotakeiteasy
28/7/2017
18:53
Yes that's Daejan for you. Can remember when it was £10 or so. Always on a discount but will do well for you long term. This is a nice hold forever stock with a growing dividend. Nice store of value.
topvest
27/7/2017
16:18
two years ago in July 2015 the share price was at £65 and the last reported asset value per share was £81.84 - a 20.5% discount. Two year's later the share price is £64 and the last reported asset value per share was £101.61 - a 37% discount. Slightly frustrating!!!
trytotakeiteasy
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
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:34 V: D:20170821 23:44:29