Daejan Share Discussion Threads

[tintin82] 18/2/2016 11:21

Insane discount. Wish I had spare funds floating around to add.

[retsius] 18/2/2016 11:13

Sky ship
Yes ,nice read but I knew all that anyway.Daejan is not quite in that type of business.It relies on stable rates from tenants with very little speculation involved.Read the Chairman's statement in the last financial report.
Agreed property values are softening in London, but what is going to happen in say three years? Yes it will be going up again.
Daejan has very low debt which I like and is almost bullet proof .(American properties are individually ring fenced for debt) I say almost but not quite,re Brexit worries,foreign investors in property etc,one can never say for sure.
We'll run company,with conservative balance sheet.NAV £85,that is some discount.
R.

[skyship] 15/2/2016 15:20

"for no apparent reason"!!! See Post Nos 190 & 191 on the CP+ thread:

[retsius] 15/2/2016 15:13

Does anybody have any thoughts about the dreadful share performance of Daejan?
It just seems to slip lower and lower for no apparent reason.
R.

[trytotakeiteasy] 15/2/2016 12:13

Bloody hell... down we go... £56 versus Sept NAV of £85. So around £85.17 i.e. a 35% discount... but in small cap companies this volatility is par for the course!!!

[retsius] 18/12/2015 21:41

On LSE big buy of over 5000 shares near close of business.
Presume shortage of stock pushed the price up rapidly.

[typo56] 18/12/2015 19:47

It probably will. Looks like an end of quarter effect.

[retsius] 18/12/2015 16:43

Now,that`s the way to start the WE.Spectacular rise on the close; hope it doesn`t reverse on Mon!! GLA.
R

[wizard7] 01/12/2015 20:11

Look at the share price at this time of year over the last couple of years - suggests a good run till April now results are known.

[tintin82] 01/12/2015 15:46

Delayed reaction to the results? No idea.

[nk104] 01/12/2015 15:23

Has suddenly picked up by about £3 - wonder why.

[trytotakeiteasy] 26/11/2015 14:19

SKYSHIP - I don't really agree with that. The group traded at around NAV just before the downturn. In the downturn the discount to NAV increased significantly and is now about 30%. So the discount could narrow. It is all in the eye of the beholder but the family structure ensures low borrowing and prudent management.

UAI - this has been a much lower quality business than Daejan over the long-term. Much more risky due to the property development aspect. So I don't think it is like for like. Probably both are cheap but I wouldn't compares them as they are very different i.e. Daejan has mature assets.

If I had to go for one I would go for Daejan. But I agree UAI appears to be undervalued.

[skyship] 26/11/2015 14:07

I pass by here from time to time. DJAN was an old favourite from the 70s - always a good one to trade into when the discount gets excessive. I see when I started a DJAN thread back in 2002 they were trading at a 54% NAV discount!

The discount should always be far higher than others in the propco sector as it is little more than a personal pension fund for the family interests - hence the lamentable yield.

Still, they remain a buy as a trade when the discount is likely to attract others. The current discount of 29% and yield of 1.45% suggests to an old property hand that DJAN should be sold - not bought at current levels.

A far better propco at current prices is UAI - a recent epic/name change from DSC. They have been in a 5month bear trend recently, falling from 290p to 223p. I believe the bottom was hit yesterday when they briefly flirted with the 220p level. At 223p they are standing at a 25.7% discount to broker forecasts of a 300p end Feb'16 NAV. Also, if they pay-out the same as last year, the yield = 6.3%! IMO they are likely to provide 15% upside ahead of or on the Apr'16 Prelims. 15% in 5months...I'd settle for that, so topped up this week.


free stock charts from uk.advfn.com

[dandanactionman] 25/11/2015 21:13

All the following is IMHOAny thoughts on direct or indirect effect of stamp duty changes on djan.I am unsure how it effects corporates?

[tintin82] 25/11/2015 11:52

Thanks for the clarification, much appreciated

[trytotakeiteasy] 25/11/2015 08:45

yes you are incorrect in saying that... NAV £85.17... share price £60.... so discount is £25.17..... so discount as a % is £25.17/£85.17 which is nearly 30%... (i.e. not 40%)

[tintin82] 25/11/2015 07:48

A I correct in saying that we are now over 40% discount to NAV?

[freda] 24/10/2015 12:19

Better - it depends on whether you are buying or selling!

[retsius] 23/10/2015 12:22

much better

[nk104] 16/10/2015 11:04

Didn't notice it had gone XD. Still, it's a low yield so not exactly the attraction of DJAN. Back to sleep.

[retsius] 15/10/2015 10:31

Xd today.
Anyone out there?

[retsius] 03/9/2015 19:55

Good rise today,at last!
Anyone at the AGM?
Please inform if possible.