Dawnay Day Carpathian Share Discussion Threads

[hectorp] 19/7/2008 12:20

Very significant article above, thanks for posting it up.

[fugwit] 19/7/2008 11:21

Antecdotally my colleagues in Austria are sending a great deal of manufacturing over the borders to the east and expect to send more complex works, design, development etc within a couple of years as the skills available improve.

Chatting with them about it seems many of us may have forgotten just how close these countries were pre ww2, and how culturally close they are.....vs the cultural distance with the chinese seems a no brainer.

[jonwig] 19/7/2008 09:20

You beat me to it, Kimboy!

Actually, the Germans have known this for a good while, outsourcing a lot of their 'heavy' work across the eastern borders.
Siemens, for example, and VW restructuring Skoda.

[gunter guil] 18/7/2008 22:53

Well, it would be a real shame to be taken out cheaply especially since I was not to add during the recent low. At least some serious interest should give us a good chance of the share price recovering.

[hectorp] 18/7/2008 19:11

They can drop the div to 12% as far as I am concerned.

[hectorp] 18/7/2008 19:11

Investors Chronicle today, DDC is a buy at 'a 20% dividend'. Only a few lines.

[fugwit] 18/7/2008 19:05

Ta jonwig, good find btw.

[jonwig] 18/7/2008 18:48

Dunno, fug ... Buying the company buys the lot - debt included.

Property Week generally gets its stories about right: of course a bid for one would give a lift to the other two. Whether a bid would succeed, I don't know.

Both DTR and DDS have rather more liquid portfolios, if a quick profit were wanted.

[aleman] 18/7/2008 18:48

Discounts:

DDC 64%
DDS 50%
DTR 69%

If Topland are looking to pick up at 40%, there looks to be a bit to go at. Does Topland have enough money to take out DTR? Perhaps it would take out both the other two. I'm not sure I would be that happy with a bid at 80p. The fall since then recently only coincides with DDG troubles.

[fugwit] 18/7/2008 18:41

Well if it is DDC and they achieved 40% discount to NAV I am looking at 81.3p/share.

Would they be able to take control of DDC or only buy its debt? Sorry been a long day and brain is refusing to work.

[jonwig] 18/7/2008 17:32

Buyers eye Dawnay Day assets as DTZ appointed by receivers ...

At least one of the three companies could be targeted at ~40% discount to NAV:

[hectorp] 18/7/2008 08:55

good.
Its not a large sum anyhow.

[kimboy2] 18/7/2008 08:25

The word they use is 'subscribe' which implies to me a simultaneous transfer rather than paying for something they already own or have a right to.

The payment and shares are due under a contractual obligation. If they are not capable of fulfilling that obligation then I would presume the contract is dead.

[jonwig] 18/7/2008 07:31

cnx - clearly no-one knows, really, or you'd have had a response.

DDC could deliver the stock to DDG and, on demanding payment, be asked to join the creditors' queue.

[cnx] 18/7/2008 04:34

sorry to repeat my own question #1726 of 13 july

"what chance ddc receiving the #2.8 million subscription from dd group?"

a lot has happened in the last 5 days and am interested to know if this is still money due and if so is it legally enforceable?

[hectorp] 17/7/2008 17:18

And assuming Mr Klimt is not selling his personal 3.5M shares as they are of course not releated to his company DD, ( or disposing of his frightening Norwegan paintings) ... that only leaves around 1.3 M shares in what we could define as hostile hands. We are about in the clear, and what would the 2 day rise have been if we had not had some millions sold.

ergo, If no shares are sold tomorrow, then sparks might fly.

[hectorp] 17/7/2008 17:14

Evening marben,
yes, see that and noted. AS Williebiz said last night ( and he had been very bearish here until 61p) it speaks volumes for the underlying 'desirability' of our shares at the current price level.

[marben100] 17/7/2008 17:03

Seems they're happy to buy rather more than that... RNS just out: DD group has sold another 3.5m today - and the share price has risen!

[hectorp] 17/7/2008 12:02

I offered 36,000 of my shares today to the market and they would have snapped them up at 47.25. ( a dummy trade) = there is a larger order in the market to buy. Seems pretty obvious.

[hectorp] 16/7/2008 21:54

well said London C and williebiz . OK this is no day trader or spiv's share and deserves the chance to recover.
- "someone was buying at 39' certainly so, perhaps even Rothschild in Switzerland, as per yesterday.

[williebiz] 16/7/2008 21:48

You guys should hold, will improve rapidly from here IMV, you've just had a forced seller dump stock and the share price didn't exactly suffer too much

[london calling] 16/7/2008 21:18

Surely the news today indicates that the distressed sellers are out of the way and should not be dragging down the share price. I am rather glad to see the back of all these CFD holdings.

[hectorp] 16/7/2008 17:57

Lol Aleman. I know the same feeling.

Note a possible rally overnight in the US.
We need at least a short term improvement in general sentiment.
BUT surely the main point is: DDC is this is really a strong individual arbitrage play, its fundimentals got utterly oversold.

[aleman] 16/7/2008 16:48

Closed at the high as well. At least I can be optimistic for a few hours until the next open.