Daejan Share Discussion Threads

[konradpuss] 24/5/2019 21:46

Skyship below are a few figures:-

Taken from Accounts Y/E 2018

Highcroft
Share Price EPS NAV Discount to NAV Return

£8.75 95.3p £12.07 27.5% 10.89%

Daejan £56.10 £12.45p £111.25 50% 22.19%

I think if you do a bit of quick math, if you bought in at these share prices, I know which I prefer.

A big NAV discount can also close one of these days!

[konradpuss] 24/5/2019 17:42

Skyship you raise some excellent points which I will ponder.

[skyship] 24/5/2019 13:39

konrad - "In the interim relax and hope they increase the dividend."

DJAN has indeed raised the divi consistently, but at a consistent miserly 4.6%pa compound over the past 20yrs.

Compare this with the best value REIT: Highcroft (HCFT). GRY over 20yrs = 10.9%; and over the past 10yrs = 13.9%...

Yet at 900p they still offer a 25.4% discount and a 5.8% yield!

Why be a never-ending part of the Freshwater pension plan when you can do so much better elsewhere?

[retsius] 22/5/2019 18:13

Holding Djan would test the patience of Job.

Same price as Jan. 2015.

It does not seem to matter if NAV increases every year, no one has the slightest interest.

[konradpuss] 29/4/2019 23:28

The share price does not matter if the company is doing O.K.

Oh! that's if you don't want to sell.

I think one day you will wake up and that 50% discount to NAV will be a lot less.

In the interim relax and hope they increase the dividend.

[coolen] 29/4/2019 20:46

Negative publicity over the weekend. Was it MOS ?

[ntv] 29/4/2019 20:25

moved back down it's trading range
nearly 50% discount and with exposure to the buoyant US market
not really moved back up since the lows of January
really ought to be testing £60 again soon

[retsius] 10/4/2019 08:10

Seems trying to move higher today, but who knows?

[retsius] 19/3/2019 20:20

Achieved today, hopefully consolidating above 60, and then on to 65.
R

[retsius] 19/3/2019 13:58

At last some movement above long term position.i.e.£58-£60.

Hoping for a strong finish to clear the hurdle of £60:00.

R.

[konradpuss] 16/3/2019 18:37

The share price seems to have perked up.

In the short run the market moves on sentiment. In the long run the market is a weighing machine. Now who said that?

[retsius] 21/2/2019 10:26

4.5% rise this week,£60 seems a watershed in the sand here.
Can`t predict the closing price today,as usual!

[retsius] 04/2/2019 15:49

NTV
Point taken, however often the share price totally ignores the x div share price, resulting in a nice small gain.... or is that ‘pie in the sky?’
R.

[ntv] 04/2/2019 15:17

Probably because the divi is not very large compared to other property companies( hate it being called real estate)

[retsius] 01/2/2019 16:57

Why sell before next week`s x-div. Crazy.
R.

[skyship] 28/1/2019 07:29

"Just my thoughts of course, but if you don't approve the way the company is run, you sell your shares and move on . Simple."

So I did!

[retsius] 27/1/2019 20:22

KrP

Good for you to be shareholder, but my question was addressed to Skyship.

Daejan' assets for the past three years, up £500m (check out balance sheet)

Div. could be better, but unless in an ISA just more tax to pay. I prefer money retained for company expansion.

Just my thoughts of course, but if you don't approve the way the company is run, you sell your shares and move on . Simple.
R.

[konradpuss] 27/1/2019 18:37

Retsius - yes I do and I think I will be owning them for a while as I think my 'taking them private' is a pipe dream. However never say never as Fullers did selling their brewing interests on Friday after saying they never would.

[retsius] 27/1/2019 18:02

Sky ship
You seem to have a definite opinion of Daejan.
Do you hold any stock in the company?

[konradpuss] 27/1/2019 17:22

I cannot agree more.

They should just take it private.

Nothing stopping them. The banks would only be too willing to let them leverage up to pay out the free floaters.

[skyship] 27/1/2019 10:52

Konrad - as posted so often, you have to accept that DJAN is the Freshwater family pension fund. They treat it as such; and they treat the 20% outside shareholders very poorly - hence the 1.7% yield (The Header is of course misleading as it dates back to 2001).

Interesting to note that over the 9yrs since the crash the two main family directors have raised their salaries by 6%pa, whereas they've limited the wasteful pay-out to outside shareholders to just 4%pa.

Why pay out more to the shareholder rump when it is in effect paying it out of their own pockets?

DJAN should not be a listed company.