I sold out of this highly unpleasant garbage 6 months ago. Think I managed 5p. |
Gut feel says the existing must be the iffy ones, if they're endlessly delaying this EGM.
Had hoped you'd kept better track than me :)
Fortunately only a small position too. |
Specto,
I'm totally lost in all of this. Thankfully sold around 30% of my holding above 5p recently, but kicking myself for not doing more! |
I've lost track of who the baddies are - the ones in control, or the ones trying to gain control?
Odds on that EGM date not also being shuffled a month into the future - how long can they keep doing it for? How much are they spending on "..The investigation.."? |
Bit of an odd one. Due to the investigation still ongoing they will move the EGM date again to 28th May.
But 28th May clashes with the TT on IOM.....so we'll move it to Guernsey.
Ask a very stupid question....why not keep IOM but just choose a different date that doesn't clash with the IOM TT race?
Must be more to it.
Anyone still rate this one given the liquidation phase? |
"On 25 February the EGM was postponed until 1 April 2025 in order to investigate certain matters that had come to the Company's attention relevant to the business of the EGM which the Directors had concluded would make it undesirable to proceed with the EGM. The investigation is still ongoing and the Directors have therefore postponed the EGM again to 12.30pm on 30 April 2025 at the same venue by which time it is expected that the investigation will have been concluded." |
"Basically 48% of the consideration is paid for by DCI...."
hopefully they did O level maths & are aware of that !
but hey, looking at the history of DCI anything is possible !!! |
To add to the below, why would any sensible director agree to a deal with Mr Aristo whereby he pays DCI stake with Aristo lots that DCI owns 48% already and give him 100% of the shares day one so that he can use the Aristo bank balances to pay the deferred share purchase price. Basically 48% of the consideration is paid for by DCI.... |
there are a lot of ifs and buts here and it is very likely it will take much much longer for DCI to receive cash from this transaction than what they indicate here. while waiting for this, the two not so "executive directors" earn 250k euros each for waiting.............when will shareholders react and throw them out ??? |
"three parcels of residential development land located around Paphos in Cyprus at an independently assessed valuation totalling €12.8 million"
How you know that DCI already owned a % of this land ?
48 % ??
& hence was only receiving the % it did not own
(= 100- 48% = 52%
52% of 12.8 million = 6.7 million €.
a much smaller amount
is that what you are claiming ??)
The RNS does not give such information.
=====
anyone know much it cost for DCI to be the 48% owner of the assets it is selling ?
a much higher amount than it is receiving I assume |
an absolutely terrible negotiation - mr Aristo is very likely to celebrate tonight ! how can this BOD accept payment in land that they already indirectly own........utterly stupid. clearly the company now need to install competent directors to work the remaining assets out more successfully. |
Looks a poor deal, but happy to see something happen |
Good news??? |
A few chunky trades from Friday marked after the close yesterday. Looks like a purchase of 10m and sales totalling 9.75m |
I would take 7p |
NAV is probably around 15p if they are given the time to work the assets out - however do they really have a team in place to pursue this efficiently - the people in charge currently, have not achieved anything what so ever so far?!?! |
Interims out. Re-list tomorrow |
When do you expect relisting?
Br |
Relisting soon it seems. Final results just out.
"In sterling terms, DCI's NAV increased from 10p to 12p over the year since 31 December 2022. At the 31 December 2023, DCI had a market capitalisation of approximately £43.4 million, compared with the Company's NAV of £109.8 million after DTL representing a discount to NAV of 60.5%." |
the current directors have now been voted down on a resolution from which they would have benefited tremendously at the expense of all shareholders - a resolution they recommended shareholders to support! this, if anything, is a strong evidence of a deep lack of trust in these directors, and they should of course now be "asked to resign" with no unnecessary delay. i guess this can only be a matter of days/weeks now. |
A surprising amount of popcorn to be consumed here for something with no current price action... |
More fun, likely attempting to remove management:
"12 December 2024
DCI Advisers Ltd (AIM: DCI) received a letter and accompanying notices dated 3 December 2024 from Almitas Capital LLC ("Almitas"), seeking, as a holder of approximately 19.95% of the voting rights of the Company, to requisition an extraordinary general meeting of the Company pursuant to Article 15.2 of the Company's Articles of Association (the "Requisition"). The Directors have now confirmed with their lawyers that the requisition notice is valid. A notice of meeting will be sent out shortly and in the meantime, shareholders are urged to take no action." |
Blablablabla…………………;……̷0;……R30;DCI is turning into a retirement home for its overpaid BOD……230;.at the expense of all shareholders. Time for revolution !!! |
There's more than I can plough through, but:
" It is not expected that DCP's claim will be heard in the High Court until late 2025 or early 2026."
Those timetables tend to slip, so presumably zero chance of DCI reaching a conclusion any time soon. |
As usual with this ”management221; team: blablablabla. And more blablablabla. But no real delivery on their instructions from shareholders. Only blablablabla. And now also a request for some further potential remuneration. On top of some hefty salaries they have given themselves. Blablabla. |
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