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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 Shares Traded Last Trade
  -40.00p -0.69% 5,740.00p 209 10:30:56
Bid Price Offer Price High Price Low Price Open Price
5,740.00p 5,760.00p 5,820.00p 5,690.00p 5,820.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 201.26 935.6

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Date Time Title Posts
07/12/201818:33Daejan - 3.5% yield and 50% property discount896
18/3/201507:28safe as houses190
13/6/200821:47SAFE AS HOUSES?!!35

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Daejan Daily Update: Daejan Holdings is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker DJAN. The last closing price for Daejan was 5,780p.
Daejan Holdings has a 4 week average price of 5,600p and a 12 week average price of 5,600p.
The 1 year high share price is 6,540p while the 1 year low share price is currently 5,500p.
There are currently 16,300,000 shares in issue and the average daily traded volume is 4,374 shares. The market capitalisation of Daejan Holdings is £935,620,000.
ntv: picked up some @5920 was looking to pick up some more around 5800 mark but selling was still strong on Friday so maybe I will get a better price Wednesday included a 4.4% drop and 2.2% on Friday share price heading back towards 50% discount
nk104: No idea - I can never find any rhyme or reason to DJAN price moves.
erogenous jones: OK... perverse thought. If, as recent posts suggest, the NAV really is at a 100% premium to the share price and the company were rerated, would a ssubstantial uplift in the share price cause an exodus of punters?
retsius: Appollocreed1 Yes, that has crossed my mind recently. The share price has stagnated in my opinion due to the whole property market being under a cloud at present. You not only have subdued market sentiment but now retailers are under the cosh,add in the uncertainty of Brexit and its depressing. In the last accounts on a cheerier vein, retail exposure in the USA is only 2% of the portfolio(!) In the Uk nearer to 25%. Both exposures are small compared the the overall property group. Also the NAV is £103 as opposed to the share price of £58, so I think you can still enjoy a good nights sleep! Gearing is very low as well.(15%) All in all a very well run business hugely undervalued,the valuation in the US is now a very substantial part of the group,which is another way of spreading the risk geographically, and also getting a tailwind from the weaker pound. R.
apollocreed1: Is the weakness in the share price based upon the recent announcements of retail closures? If retail is weak that may be bad for Daejan.
topvest: Its growing, as is the share price and NAV. Think on a 10-year timeframe and its fine. This is a share to hold and forget about!
trytotakeiteasy: 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...
retsius: Ttte It's a pity the Annual Report omits any reference to the share price. This should be alluded to , if nothing else it helps to identify with shareholders in the Company.They should say the price has been declining for six months but this is at odds with the co. Performance. Great results but the share price has been dire, but for no obvious reason. That is what is so galling. R.
trytotakeiteasy: Feels like a seller is continually at work here. Any buys are met by an equal number of sells. It could be a long-time, therefore, before we see any share price progress. i.e. until this seller has exited from Daejan. Just shows even if a company produces good results you don't necessarily see a share price follow-up. Looking at the annual report and the Aldgate hotel could finish this year. Temple Street in Birmingham was completed March 2017 and will add to the rent roll this year. However, we are now heading to a 40% discount to NAV although we could see the NAV decline this year.
trytotakeiteasy: two years ago in July 2015 the share price was at £65 and the last reported asset value per share was £81.84 - a 20.5% discount. Two year's later the share price is £64 and the last reported asset value per share was £101.61 - a 37% discount. Slightly frustrating!!!
Daejan share price data is direct from the London Stock Exchange
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