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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Damille Inv Ii | DIL2 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 50.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.50 | 50.50 |
| Top Posts |
|---|
Posted at 09/5/2017 19:15 by deepvalue2015 DIL2's fund articles said the max holding should be 20% of nav!looks like they sat on a big profit for a year since the windup mandate? Nav probably 85p now unless they got out as SSA tanked? I wonder what kind of muppet sits on a big profit for a year when they need cash?? Arent these the guys that got the LSR board seat? How scary is that? |
Posted at 10/2/2017 17:13 by praipus Here comes the sun:) |
Posted at 29/7/2014 21:02 by marben100 With £34m in the bank, currently, the impact of these buybacks on cash availability is pretty negligible.Fees are linked to NAV (not NAV/share) & buying shares back reduces the NAV, so don't see how these buybacks benefit the advisor, though admittedly the 1.45% fee is somewhat steep given the pretty derisory returns obtained recently. Nevertheless, I like the strategy, which is why I'm invested here. Like any strategy, it won't work all the time and I'd rather that the managers waited for opportune market conditions than that they were impatient & made ill-advised investments, losing shareholders money. Note that there is a continuation resolution towards the end of 2015, so if DIl2 continues to underperform, I expect the vote will go against and the fund will be wound up. Cheers, Mark |
Posted at 31/7/2013 12:06 by praipus OVG represents less than 1% of their port so proceed with caution, better buying DIL2 to mitigate the risk IMHO |
Posted at 28/7/2013 23:11 by marben100 Hi C.E.V.,Perhaps they regard the current large discount as a temporary situation, which will self-correct, given?: "The Directors are permitted in each year following the second anniversary of admission to offer at their absolute discretion to each holder of Shares an option to redeem up to 15% of their shareholding, subject to any legal or regulatory requirements and, in particular, The Companies (Guernsey) Law, 2008, as amended (the "Law") (the "Redemption Offer"). The Company intends to make a Redemption Offer in each such year; save in exceptional circumstances, where the Directors consider that to do so would result in a breach of applicable law or would have a material adverse effect on the Company." The second anniversary will be in November. Maybe they wish to preserve cash until they make a redemption offer? Cheers, Mark |
Posted at 25/7/2013 13:53 by canteatvalue What's the reason for only recently doing buybacks? DIL2 has been at a ~15% discount for over a year, apart from briefly only recently. Did they only get approval at the AGM? Do they have an intention to step up their buy backs now? Aggressive purchases at a 15% discount would be highly NAV accretive and the managers have an incentive to focus on NAV growth in order to get carried interest above the hurdle growth rate. |
Posted at 14/5/2013 22:01 by marben100 In answer to times' Q, worth noting that as at the last interims, to June 2012 Northern had 28.2m = over 25p/share of cash. Of course, it would have considerably more cash if UK & Dutch assets were sold, as mentioned here: ;0)I too took a position in Northern & have added lately, when I saw that DIL2 had taken a position. Ludicrous how slow Northern are in publishing their annual results - but should be out next month, at the latest. Look forward to giving them the once over. I also have a rather larger long-term holding in DIL2. Like their style. ;0) |
Posted at 28/2/2013 09:33 by jaws6 praipus3 leg price target given below in link will be good for dil2 ?? |
Posted at 15/2/2013 13:20 by jaws6 praipustks please look at CAD news up 29 % and dil2 own 6 % |
Posted at 19/10/2012 13:57 by praipus Their at it again at BLCKDCI and 3LEG rising...DIL2 of course down:-) |
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