Daejan Share Discussion Threads

[retsius] 10/11/2017 16:17

Better today, hoping for a strong finish!
R.

[trytotakeiteasy] 07/11/2017 21:26

wish I could be so optimistic.... we still have another UT trade at the end of today with our seller clearing out....interim report will probably show little progress given move of the US dollar.. even if it shows a £2 NAV increase not sure that will bolster sentiment..... Daejan will probably do well over the long-term but appears to be dead money for a year or so... hope I am wrong though!!!

Where do you think this will be in December? I am guessing little changed at between £60 and £62. Only upside is that the dividend will be reinvested at a low price.....however, it will take years for that to have much impact!!!!

[retsius] 03/11/2017 12:17

ttte
Do not lose the faith! Charting wise I see 64.00 as the next leg up,which is` sort of encouraging`.
Divvy next week, and of course remember the US exposure of the company which should be positive for the share price, with results in three weeks.
R.

[trytotakeiteasy] 03/11/2017 11:24

still frustrating.. other property stocks such as Grainger, CLI Holdings have hit new highs... Daejan still very much in the doldrums..... the interim report usually contains little detail... so really we have to wait for the next finals which are a long way away i.e. about 8 months...

[retsius] 02/11/2017 20:07

TTTE
Yes I see it now, completely overlooked it. Surprising the share price rose at the end of the day! Chart still looks promising.
R.

[trytotakeiteasy] 02/11/2017 19:19

What looks like a £1.8m share sale... hard to tell as it was delayed... so we don't know when it was executed..could have been a buy....either way our seller should be approaching clear out.....

[trytotakeiteasy] 31/10/2017 11:53

Well I will be reinvesting my full year dividend on 12 November... that should boost demand for the shares!!!!!!! quite a lot of volume yesterday but I think they were sells judging by the price... may have been buys... less than a month until the interims...

[retsius] 31/10/2017 09:28

Daejan: BUY : British Bulls: 30/10/17
R.

[trytotakeiteasy] 28/10/2017 11:17

Indeed.. another small UT trade at the end today of around 100 shares. If this seller continues to have a large position we could be here for a year or more with them unloading.

[retsius] 27/10/2017 08:42

It often 'booms' until about 4.30
R.

[retsius] 25/10/2017 08:06

Boom😃

[trytotakeiteasy] 24/10/2017 16:50

still have our seller chipping away... a 903 share UT at the end of the day.....

[retsius] 20/10/2017 18:06

Very healthy finish to the week,chart positive.
R.

[retsius] 17/10/2017 09:57

TTTE
The 'lobster pot 'analogy struck a chord with me and I had a quiet chuckle.
Not a technical analyst but the graph looks like a ' double bottom' has been recorded and we should move up from here.( or am I clutching at straws.......?)
R.

[jlo10] 17/10/2017 01:03

All fair points - if you are planning to invest here for 30 years.
But the share price has progressed over the last 5 years at a reasonable rate.
Those who invested in 2012 have had a good return.
So it's not all bad

[skyship] 16/10/2017 21:01

"succession planning" - strewth, fairly obvious isn't it - the family own 90% and through their salaries v. dividends treat it like their personal pension pot & fiefdom. The family will continue to rule regardless of all...

Sell out, move on...

[trytotakeiteasy] 16/10/2017 17:52

Apollo - yes they have said in the financial reports that they have cut back on investment. They scaled back the timeline for building new apartments in the UK. Gearing is fairly low but I think it was lower in 2008 if I recall correctly.

I agree lots of fund managers won't touch this. A bit like a lobster pot. Easy to get in but impossible to get out. Their performance is ok but it is not super amazing. Lots of the larger property funds are REITs and so have to pay out 90% of rent as dividends.

What Daejan has failed to communicate is succession planning.

[apollocreed1] 16/10/2017 17:23

Rockstar and Retsius - I meant that the shortage of stock means that few fund managers can build up a meaningful position so they ignore the stock.

The family's cautiousness has created great long-term performance, but there are always issues such as succession. The shareholders also have no voting power - what would happen if the board decided to buyback shares on the market at a price of their choice? They could force through a buyout at £10 per share and no-one could prevent that happening. The Freshwaters and Solly Benaim do have a good reputation so I believe that is unlikely but other investors are justifiably cautious.

By the way, I know an agent who had a meeting with the Chairman and MD recently and he emphasised that the company strategy is not to make any new investments at the moment as they believe the property market is due a correction. They are selling small amounts of their portfolio and seeing where they can extract value from current assets. That info may be in the financial reports anyway, but this was a conversation reported to me that happened in the last 3 months.

[trytotakeiteasy] 16/10/2017 10:37

Looking better. This had to turn or at least stabilize at some point. Just over a month until interim results. Would be great to see NAV progress but I wouldn't bank on it. Would hope for rental progress. Currency will be a slight headwind.

[retsius] 12/10/2017 10:06

Rockstar
I think apollocreed1 means that due to the shortage of stock the shares are difficult to trade due to the large family holding.
Although the share price has risen 100% in four years it is down 9.08% over the past six months,surely you would agree that is disappointing? This despite a glowing Annual Report and excellent figures.
R.

[rock star] 12/10/2017 09:00

Absolute rubbish. This has been the best performing UK property company over last 50,25,15 years...due to the management from the controlling family.

Funny old lot I know but those are the fact. The question is have the younger generation got the same nouse as their elders?

9 Oct '17 - 11:40 - 701 of 703 0 0
Daejan Share price is down again today, while Millennium and Copthorne, which was trading on a deep discount, is up 21% on the day. I think the family control with Daejan is the biggest negative factor here.

[retsius] 12/10/2017 08:48

X div today and the share price is up 10p (asI write!) but it's the one share can be up a pound during the day but on the close is down heavily. You have absolutely no idea how the share will end up at the close!
R.

[retsius] 11/10/2017 11:04

x div tomorrow.