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
  +0.00p +0.00% 5,800.00p 5,790.00p 5,840.00p - - - 226 08:33:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 198.4 993.0 5.8 945.40

Daejan Share Discussion Threads

Showing 1001 to 1024 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
16/1/2018
07:56
took a a small long position at 5875 happy to hold at the moment and see where it goes probably add if it moves down a pound or two
ntv
15/1/2018
22:13
Dipped toes in today. This stock will never sparkle but at least we have £100 of assets working for us at a cost of only £60.
coolen
15/1/2018
21:28
TTTE are u about? Another lousy day with Daejan,dropping 80p. When will it end? R.
retsius
18/12/2017
14:13
retsius - yes I think I sold at the bottom... it is fine I am ok with that....I have gotten into some better stocks and realized what I did wrong here...I am already in profit on my new holdings..the crux is to go for stocks with a strong return on capital... Daejan does compound value over time but the return on capital is fairly poor....I'm relaxed about it..... and hope Daejan does well... we shall see
trytotakeiteasy
18/12/2017
11:45
Ttte I am sorry,but I think you sold at the bottom. Always a gut wrenching disappointment. Believe me I have been there. Expect to see re-rating into the New Year! R.
retsius
15/12/2017
17:28
Looks like 'double bottom' call was premature. Think that may be it in now. Large uc trade for Over £300000 at the close,which is the opposite of what has been happening for months. Dyor,have a good WE. R.
retsius
12/12/2017
10:32
retsius - Grainger gearing is ok.... have a look at interest cover... Grainger has seen strong rental growth in the last two years where as Daejan has been very poor..... Share price performance... looks like I have sold at the bottom.... oh well I am into hopefully better stocks...
trytotakeiteasy
09/12/2017
14:44
TTTE Had a look at GRI in this week's IC. Recommends a ' buy' so your are not far from the money. However,what immediately puts me off is the 'net debt at 103%'of the market value. Also Discount to NAV is only 7%. Compare that to Daejan:rock solid fundamentals,low debt,geographical spread and 40% +discount to NAV. No contest... which brings me to the share performance.......... R.
retsius
08/12/2017
21:27
Still got our seller at the end of the day,but the share price held up well. R.
retsius
07/12/2017
19:31
Ttte Oh no! Don`t tell me I`m going to have to speak to myself now!!! R.
retsius
07/12/2017
12:01
maybe....I have given up and exited.....better value generation opportunities elsewhere....
trytotakeiteasy
05/12/2017
14:32
Ttte Better action today. Is this the evidence of the `true ` double bottom? We shall see...... R.
retsius
30/11/2017
22:33
seller still here!!!!! Grainger's five year track record on rental income growth isn't too bad actually......up 6% annual rate over the last four years. See page 83 hxxp://www.daejanholdings.com/perch/resources/reports/168679daejanholdingsra2017.pdf The group increase Net rental income after costs by 10% a year over the four years. Maybe we are just due a pause given the lumpy nature of property?? Probably recovery momentum though...rental income since 2000 hasn't seen as robust growth...
trytotakeiteasy
29/11/2017
19:33
You have to ask the obvious question after a while. How are UK valuations increasing while UK rents decline? There could be a good explanation but the disclosure here is relatively low. Other property groups give like-for-like rental growth and the estimated rental value. I accept that this is a lumpy business but the fall in UK rental income in the last fiscal year was concerning. There was little explanation. There is also little detail on the proportion of rental agreements in fixed term deals. I.e. what the potential uplift would be if rents were at market rates. I am sure that UK rents will turnaround but the weakness is frustrating.
trytotakeiteasy
29/11/2017
17:39
TTTE Yes see that, very frustrating! Still the company is in good shape and share price should be stable here or move north. R.
retsius
29/11/2017
16:49
Unlisted end of day trade for 305 shares. Our seller is still out there. At this rate it seems like it could take at least another six months.
trytotakeiteasy
29/11/2017
08:54
Okish results... will take some unpicking... NAV up 1.6% to £103.28. At the current share price of £60 that translates into a 42% discount to NAV.... The increase I think would of been stronger except for an FX headwind... rental performance remains subdued with only a small increase. The group ramped up investment in new properties. Cashflow was strong and debt declined. Probably we can expect a similar result in the second half to take the NAV to say £105. Overall, a somewhat steady as she goes result. Daejan isn't going to shoot the lights out. But may generate slow NAV progress. I would like to see strong rental growth but this hasn't yet come through. Hopefully a few projects will complete before the end of this year. The results do undermine the argument of some on this board that Daejan's NAV would fall in this period due to UK real estate headwinds. Just looking and more share sales today....not sure the interim results will do much for us in share price terms....... What I personally don't understand is the disconnect between the rising NAV and largely unchanged rental income......can the company continue to be worth more while rental income sees little progress? The lack so rental income progress may reflect long-term rental contracts at fixed rates. We simply don't know. My overall thoughts - an ok but somewhat mediocre performance. Not sure it will change sentiment towards the company. The 42% discount may tempt some. I would like more detail on the outlook for rental growth. They haven't seen much progress here for a year and a half. But the new hotel should open at the end of this financial year. So for those who like a slow performer the shares continue to look ok. Where will we be in 5 years. Probably at least an NAV of say about £120....putting us on a 50% discount.....the NAV in 5 years 3% NAV growth a year....I think what investors want is rental growth as this generates profit growth to reinvest in the business and to pay higher dividends.....not sure why Daejan has seen so little progress on rental growth recently...
trytotakeiteasy
29/11/2017
08:50
TTTE Results show rental income up a nudge but property valuation growth slows. Market seemed to give it a pos. response, almost as a relief that it's pretty good.inordinate discount may attract interest. NAV up to £103. Confident as one can be that the rise this AM will be there at the close. Interested to hear your more technical analysis. R.
retsius
28/11/2017
14:39
well we first hit this share price level in February 2015.... so two years and nine months ago.....the last reported NAV at February 2015 was £75 for September 2014....since then the NAV is up about 35%. The discount to NAV has increased from 20% to about 41% today. The only positive from the negative sentiment is that presumably the discount can't really increase much further!!! Sentiment for the other property companies in London is also pretty weak.... or at least the major ones.
trytotakeiteasy
28/11/2017
08:45
TTTE Urban and Civic and Shaftesbury reported today with both positive results and increases in NAV.The discrepancy between share price and NAV is nothing compared to the value inheritant in Daejan.Also well diversified with the American property portfolio. Point taken on last comment,you must be an accountant! Don't quite understand the technicals,howeverI believe the average investor will be looking for the NAV with a sharp eye as it is this which has boosted the value of the company. Yes ,the rental figures are important and I will be looking closely at them tomorrow. R.
retsius
27/11/2017
10:58
Would love it if the P/E was 6X. However, you have to deduct property gains from profit. Profit excluding property gains was £38.7m last year. After a 19% corp tax that is £31.3m. So excluding property trading gains the P/E is 30.8X on the current market value. Or we are getting a 3.25% profit yield on the market value of Daejan. I am looking at the rental income side here. I think they will grow the rental income so the P/E on the basis of rental income will come down.
trytotakeiteasy
27/11/2017
09:18
Results this week I guess... I expect relatively little NAV progress..... maybe to £103...hopefully rental income progress..... I think the interim NAV isn't audited so is more of a guide figure....should highlight the value given the 43% discount
trytotakeiteasy
23/11/2017
17:28
another end of day UT trade for a small amount. Our seller is still out there. Makes you wonder if they have been selling for five months how much longer will it be to clear them out? On the plus side when they are cleared out this could rally.
trytotakeiteasy
23/11/2017
10:04
up 160p...... but is it all smoke and mirrors? R.
retsius
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