Dawnay, Day Treveria Share Discussion Threads

[edmundshaw] 14/7/2008 08:42

Oh, exactly like Bradford and Bingley. Good post. Good comparison. Unsurpassed analysis...

[faraway] 14/7/2008 08:38

8th July :salver2 -
"anyone understand this co -their strategic review has sent the shares into freefall"
11th July :salver2 -
"what is happening here-i sent an email to mr goldsmith of investor relations but as yet have not received a reply"

WHAT'S BEEN HAPPENING? - LOTS BEHIND THE SCENES - INSIDER TRADING -
PRICE + SMALL INVESTERS SHAFTED AS USUAL
THIS ONE REALLY STINKS BUT WHAT'LL HAPPEN NOW WILL BE THE SAME AS ALWAYS - ABSOLUTELY NOTHING.

JUST LIKE BRADFORD & BINGLEY - TELL THE WORLD ITS WORTHLESS WHILE FILLING YOUR BOOTS WITH THEM AT THE SAME TIME - DOUBLE YOUR MONEY IN A WEEK - EASY LIFE!

[crawford] 14/7/2008 07:56

Look at today's news for DDC - I expect DTR is in the same boat i.e. unaffected.

[trawl] 13/7/2008 18:30

have to say this is not great but only 8.6% held by dawnay
the other large shareholders will want to protect their interests
a portfolio of property this large wont be sold overnight
will be watching this closely
the loans are not due in the short term and secured against the properties
so an orderly sale will be best for all
this could be an opportunity for others to buy a stake cheaply

[lbo] 13/7/2008 17:30

They own 8.6%. The problem is the Dawney Day Traveria funding could be pulled along with the Dawney Day funding. This is not good and explains why the price has been falling!

UK's Dawnay, Day calls in administrators - report

[cnx] 13/7/2008 05:04

what is dd group % holding in dtr?

[trawl] 11/7/2008 20:31

the sale of 200000 cfds at 36.85c must have been painful
as im sure these were purchased at much higher price
i wonder when we will hear more re saleof properties

[crawford] 11/7/2008 16:10

Massive trading today.

[salver2] 11/7/2008 10:38

what is happening here-i sent an email to mr goldsmith of investor relations but as yet have not received a reply

[crawford] 09/7/2008 13:17

Unbelievable.

[lord gnome] 08/7/2008 20:34

Savills update today might provide a clue. They reckon the European property market is getting as glued-up as ours:

'Europe
Europe's major commercial property markets are increasingly feeling the impact of the global credit squeeze. Although, there is still cross-border and domestic investor demand for correctly priced assets, our European Transaction businesses have seen significantly reduced volumes due to the difficulty in obtaining debt finance and deals taking longer to complete.'

[crawford] 08/7/2008 20:30

Don't understand it, especially with German GDP growth doing well.

[jonwig] 08/7/2008 19:26

salver ... the initial reaction to the review was pretty positive. Since then the share price has remembered that we're in a bear market.

MERE brought out a trading statement this morning: their portfolio value (GAV) has fallen 1.8% in the last quarter, ie. let's propose 8% annualised. They are mostly offices, 70% of the value in Austria and Germany.
Although a fall, the numbers are quite encouraging - less than in the UK for example.



DTR is heavily geared, of course, with loans maturing over the next two or three years ... maybe that's what worries the market. Discount to NAV was about 65% at end-2007.

[salver2] 08/7/2008 19:09

anyone understand this co -their strategic review has sent the shares into freefall

[trawl] 28/6/2008 13:34

a lot of cos probably undervalued this one no different
property and debt this has both but i am holding because i
believe the management will extract as much value as possible
the incentive is their own substantial holdings

[salver2] 27/6/2008 23:30

i dont get this one less than half net asset value -huge share buybacks-which seemed to send the shares in freefall -blah blah blah about resilient economy etc-trying now to sellit surely should be able to get 80 euro for it -25 percent discount to assets roughly-shares 53-bloody hell either a screaming bargain or valuers dont know what they are doing-any comments

[crawford] 27/6/2008 19:08

Down again!

[collijo] 11/6/2008 17:25

Te problem is me not understanding that it was working in euros.

[edmundshaw] 11/6/2008 17:23

49p sounds about right today at an exchange rate of around 80p to the Euro. What's the problem?

FWIW I exited today for a quick 14% profit... too early as it happens at 57c (about 45p). But I fancy cash in the current market.

[collijo] 11/6/2008 17:16

Tried to buy DTR with Selftrade and they quoted 49p - what's that all about !!!!! I've missed out because of those clowns...

[crawford] 10/6/2008 21:02

Funds accumulating I see...

[jonwig] 09/6/2008 09:53

In the last accounts (deliberately rough-and-ready):

GAV ... 2500m
Debt .. 1800m
NAV .... 700m = 116c/sh

Assume a 10% hit to GAV (trend, costs):

GAV ... 2250m
Debt .. 1800m
NAV .... 450m = 75c/sh

They're obviously focussed on shareholder value (or perhaps their own esteem), as they've been buying back shares to no great avail.

I hold DDC, hence the interest.
Don't hold this, but might if it drops back much more after the RNS today.

[salver2] 09/6/2008 09:40

it might finish the day lower than it started-sums this share up really

[salver2] 09/6/2008 09:26

the share price i must admit is only at 48 one the market isnt ezactly showing its confidence

[salver2] 09/6/2008 09:19

youre probably right -but that would make a mockery of there asset value