Dawnay Day Carpathian Share Discussion Threads

[fugwit] 29/7/2008 17:58

I am happy to read employees in the mgmt team are to be incentivized, I like to have them on a similar page. I am unhappy, to not have heard more about divis, yes good to see that things are moving quickly, contracts getting put in place etc but I don't hear anything saying business as usual and divis to remain as promised. Clarification of this would be nice, I admit I may be jumping the gun a little to expect this so soon but I feel it needs to happen soon. I remain in need of reassurance.

[hectorp] 29/7/2008 15:52

I'm quite glad to read his article, it is just as things are.
In this market, I'd not wish to run 30 stocks, I have around 9-10 at any time and it takes 2-3 hours per day.
I see Nick has a 'double tranche' of DDC, and I hope his persistence , and mine, are rewarded. But did he double up at lower prices eh! Maybe he would not think that a wise strategy.
Separately I have the I-Chron of Friday open here, DDC is the ist of the list of 'nine shares that could pay for themselves'. ie, if the yield of 25.97%, was maintained for 5 years. Not much chance of that, mateys! I will be delighted with a 10% yield next year - that means a cut again but it would make sense.

[edmundshaw] 29/7/2008 15:42

Nick Louth comments in the ft at the weekend:



Nothing really new, and already a bit out of date. Just FYI...

[badtime] 29/7/2008 12:16

H....ah tht makes more sense

[bisiboy] 29/7/2008 09:09

bought 33k yesteday

[hectorp] 29/7/2008 08:14

No I added two batches yesterday as well as a load at 39p. I've not posted them all up each time only some in passing. I am also including 10K of CFD's from yesterday, though thats probably not quite right. If I deduct these my average is aboout 52-3p.
H.

[badtime] 28/7/2008 21:21

hec yur average was 58..now mid 40's? purely on todays trade..how so?

[hectorp] 28/7/2008 10:20

Hi gunter, not much left to say, lets enjoy our company and its developing success.
Those of us in from the 40's will of course have the benefit on top of a capital appreciation back to the 70-80p ? mark IMO, the serious interest of a goodly yield. Have averaged down to mid 40's.
good luck
H.

[gunter guil] 28/7/2008 08:54

very pleased by the speed this has been dealt with. The increased holding in the management company addresses a concern too.

[hectorp] 28/7/2008 08:44

I concur strongly.
50% ownership of their own management company but with the same competent staff providing service continuity: compare that with the messs over on RUS.
This should prove revenue enhancing for our "Carparthian "in 09-10. Also we have the change of name stated , just a formality to change now.
- So that is the end of the Dawnay connection and saga. I'vepicked up more stock already today.

[edmundshaw] 28/7/2008 08:33

The administrator probably quite keen to work fast to reduce the workload, there must be a huge tangle to unravel. This looks to me like a good deal for "Carpathian" :)

[nigelpm] 28/7/2008 08:24

As you jonwig buying from an administrator is usually great for the buyer - knocked down assets on the v.cheap.

[seible] 28/7/2008 08:20

this is flying and it should be.

[jonwig] 28/7/2008 07:20

Change of name to 'Carpathian' ... nice move: just tippex out part of the letter heading on company notepaper saving us money!

Any views on the rest of the RNS? Buying assets from administrators ought to be a saver, too.

[williebiz] 27/7/2008 20:35

Just drove my wife to the airport and noticed yet another shopping center getting built, big one.

[andyeds] 27/7/2008 20:32

administration? sounds like events are moving too quickly...

[hectorp] 27/7/2008 18:05

I presume our company's name will change as soon as such changeover status is permissible under company house . A few days.

[aleman] 27/7/2008 17:04

Fund of funds (name I think was Dawney Day Morel or something close to that) has dumped Klimt and changed its name to emphasise its independence.

[hectorp] 27/7/2008 10:02

O/T Tricona TRC tipped in the IC.

[hectorp] 26/7/2008 13:18

This is my weekend post which covers a few of the shares .

I am 'reasonably' invested in DDC, averaged down to around 58p. having added considerably at 39p.
Depending also on the reaction of US markets to their recent rally , in the coming week. It would be essential for our company, and lets face it any company we hold! to be able to brush off falls in the large cap index of the US for example. The DOW and SP500 are very fragile here.
In DDC's case, this is very interesting: because a fair percentage of DDC's recent falls have been related entirely to internal events related to DD. Also to a series of RNS relating to directors selling for neccesary reasons. We know, that Eastern European markets are holding up very well, or, relatively better than the US and UK retail markets. The UK and US are down as two of of the worst places for current investing in property and France and Scandinavia the best. Spain also should be avoided. DDC has NO exposure to failing economy nations.
Should DDC hold this 45-50p level for some trading days and the US has fallen, then I'd feel very confident to 'pile in'. I view the portfolio of DDC as likely to be surprisingly ( to some) robust over the coming months, and hopefully a disposal could do wonders for the NAV to present share price ratio .
At the moment I suppose I am 70% cash and bonds and only hold several £K of DDC, and also a bit more on my new purchase, Dolphin which is running at 70% discount to perceived NAV. * Note that Greek properties are said to be falling in NAV by 2%/quarter. Perhaps this is similar to some parts of DDC's folio? I don't know as yet.
I've again dumped out of RUS, simply due to the reversal by their Advisors into RUS for no advantage to RUS shareholders. I would only buy RUS 15% cheaper.
regds
all
H>

[bisiboy] 26/7/2008 12:40

think i will top up on monday having just gone through the report&accoubts again

[hectorp] 25/7/2008 21:42

LOl, the IC again.. Well we are up 8% since last week's DDC tip I suppose.
Of course high yield can be double edged,
-but not in our case IMO.

[crawford] 25/7/2008 21:27

INVESTORS CHRONICLE

High Yield Heaven:

* Topps Tiles -- Inspired Gaming -- Abacus -- Styles & Wood -- Dawnay Day Carpathian -- Marchpole -- Norcros -- Pendragon

[ted32] 25/7/2008 17:24

One of the major investment houses said the other day that the euro was 30% overvauled against the dollar. I've bought more shares this week.

[kimboy2] 25/7/2008 16:10

Debt is in Euros.