Daejan Share Discussion Threads

[ntv] 22/1/2018 16:44

sold at 6180 just before auction

[ntv] 22/1/2018 16:43

retius
do you buy/sell in auction
if so what platform do you use?
tia

[trytotakeiteasy] 22/1/2018 16:43

retsius - well done for holding on!!!!! They say investing is a transfer of wealth from the impatient to the patient. To be fair I have got into other stocks that are doing well. But I did pretty much sell at the bottom!!! So far selling out has been a good decision. Daejan is a good company but property offers fairly weak returns. I.e. the yield return on London property is fairly low and capital value gains are likely to be modest.

The stocks I got into were Gocompare and Hostelworld. Both generate good returns on capital and have solid scope to grow.

[retsius] 22/1/2018 16:40

Achieved already!

Ttte

Feel gutted for u after all these months of decline.

Now a buyer at the UT for 1400 which is the opposite of what we r used to!
Best rise for a year.
R.

[retsius] 22/1/2018 15:18

Bring it on!
£62:00 next target.
R.

[ntv] 18/1/2018 18:00

testing chart at close
see if this will break upwards
hasn't followed rest of sector yet

[ntv] 18/1/2018 18:00

testing chart at close
see if this will break upwards
hasn't followed rest of sector yet

[retsius] 18/1/2018 17:00

Another large UT at the close making two substantial purchases in two days. Unheard of? Any Broker news?
R.

[retsius] 18/1/2018 16:57

Apocrd1
No

British bulls 'buy 17/01/18

Boom time today!

Best rise for ages
R.

[apollocreed1] 17/1/2018 19:24

Does anyone think that the current drop in price was a result of the Carillion insolvency that might cause a delay to HS2/Crossrail, and since Daejan owns property along that route the future uplift potential is reduced?

[retsius] 17/1/2018 17:41

UT trade at the close was for once a'buy'.
Well I never....
R.

[ntv] 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

[coolen] 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.

[retsius] 15/1/2018 21:28

TTTE are u about?
Another lousy day with Daejan,dropping 80p.
When will it end?
R.

[trytotakeiteasy] 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

[retsius] 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.

[trytotakeiteasy] 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...

[retsius] 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.

[trytotakeiteasy] 07/12/2017 12:01

maybe....I have given up and exited.....better value generation opportunities elsewhere....

[retsius] 05/12/2017 14:32

Ttte
Better action today. Is this the evidence of the `true ` double bottom? We shall see......
R.

[trytotakeiteasy] 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.