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DCI Dci Advisors Ltd

4.90
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dci Advisors Ltd LSE:DCI London Ordinary Share VGG2803G1028 COM SHS EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.90 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 318k -6.92M -0.0077 -6.36 44.33M
Dci Advisors Ltd is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker DCI. The last closing price for Dci Advisors was 4.90p. Over the last year, Dci Advisors shares have traded in a share price range of 4.00p to 5.00p.

Dci Advisors currently has 904,626,856 shares in issue. The market capitalisation of Dci Advisors is £44.33 million. Dci Advisors has a price to earnings ratio (PE ratio) of -6.36.

Dci Advisors Share Discussion Threads

Showing 676 to 700 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
01/3/2017
09:16
You won't be buying mine back at 7.5p ;) But good sell at 10p. BTEM will presumably keep the downward pressure on them for a bit.

I guess the flipside to my downside comment is - where is there better risk/reward. BTEM clearly seeing value elsewhere but not sure I see much. Need another market correction, hopefully not caused by a Trump-induced WW3.

spectoacc
01/3/2017
09:03
Specto,

Agreed. I will probably trade the range. I sold a bit at 10p, and will probably buy them back at 7.5p.

tiltonboy
01/3/2017
08:42
Perhaps another way to look at it is "what's the downside". I don't see a lot, at c.8p.
spectoacc
28/2/2017
22:36
frazboy,

You have to be comfortable in your assessment of the value of the assets to make it a worthwhile punt.

Amanzoe looks to be a stunning development, and I would hope that it fetches close to, or even above, it's holding value.

Kilada Beach Golf Resort also looks to be a valuable asset, but the residential master plan does not look as if it has received approval yet, even though it was expected by the end of 2016.

The value of the other assets looks to be pure guesswork, and with the managers now being incentivised to sell at deep discounts, who knows what we will receive, that is if the assets can even be sold.

In saying that, even if you get 12p for them, there could be a 50% profit over a period of 3 years. But will we get 12p for them!

tiltonboy
28/2/2017
21:32
There's something not right here. If you assume they return the capital in equal dollops between now and the end of 2019, then in effect, the opportunity cost of holding the shares for the next 3 years is only 50% of the current share price even if they only return 8p in total. So even if they achieve 50% of NAV then you still end up with a stunnng rate of return. So, the not right bit, must be, that the risk is pretty high! Looks worth a punt though on the back of the sales thus far.
frazboy
28/2/2017
18:09
There are intra-day auctions at 0900, 1100, and 1400 as well as the opening closing auctions. If you had put orders on to sell at 8p over the last few days your stock would have been taken.

Of course, if you trade online this facility isn't available to you.

tiltonboy
28/2/2017
17:36
Tipton are you saying if I leave a limit sell in at 8 I get filled? Don't think it works like that with Hl....
rjmahan
28/2/2017
16:46
Some decent numbers going through at the close.
tiltonboy
28/2/2017
11:58
Sellers taking 7.62p, when stock is changing hands at 8p on the intra-day auction at 8p. Poor dealing!
tiltonboy
26/2/2017
23:19
No, I'm pretty confident that I'm right, but not overly concerned to want to clarify.
tiltonboy
26/2/2017
22:43
Hi tiltonboy - have you asked investor relations for clarification on the the point you debated with brwo above?
frazboy
26/2/2017
09:43
Maybe a penny or a fraction more towards the end of April, which will be a return of capital.
tiltonboy
26/2/2017
09:34
Dividend coming ---------


Pearl Island - The Disposal cash consideration (before related tax and fees) payable to Dolphin is €27 million



Distribution Policy

The Board expects to return the proceeds from asset sales to Shareholders as the orderly realisation of the Company's investment portfolio progresses. Although the exact quantum and timing of returns of capital to Shareholders will be at the discretion of the Board following receipt by the Company of the net proceeds from realisations of asset sales, the Board intends to distribute to Shareholders at least 50 per cent. of the net proceeds approximately three months after the completion of each disposal, subject to consideration of the Company's outstanding liabilities (including any borrowings) and general working capital requirements. The Board will not build up substantial cash reserves other than to meet such liabilities and working capital requirements and may make additional distributions depending on the Company's circumstances.

brwo349
08/2/2017
22:09
google reviews for Amanzoe resort in Greece. Stunning.

Zika virus would have reduced the prices achieved for Playa Grande and Pearl Island.

brwo349
07/2/2017
19:25
Yes I think you are making assumptions and adding 2 and 2 to get 5. I do not think they would value something in the circular at well above the price they must have had a good idea they were going to sell it for a few weeks later.
brwo349
07/2/2017
19:11
Perhaps I'm being thick, but to my simplistic way of looking at it, all of the assets were valued for the 30th June half year, which gave the range of potential returns. The company then sell an asset for 32% less than the 30th June valuation.

The bigger issue for me is the ability to sell all of the assets even taking a 50% haircut!

tiltonboy
07/2/2017
18:56
tiltonboy
You are making a schoolboy error. You cannot know at how much Pearl Island was valued at in the circular. In fact it's possible they have sold it at more than they expected and so the top of the range estimate has gone up.

brwo349
07/2/2017
18:39
brwo,

Perhaps you should have done a bit of research.

The Manager has estimated that over the Divestment Period, the Company may be capable of realizing gross cash proceeds ranging between approximately EUR190 million to EUR310 million based on asset sales prices ranging between 50 per cent. to 100 per cent. of "NAV as at 30 June 2016". After deduction of estimated annual management fees (of which variable management fee ranging from EUR11 million to EUR28 million depending on sale prices), operating and financing expenses, this would equate to approximately EUR135 million to EUR235 million being available for distribution to Shareholders.

The implied transaction enterprise value of EUR63 million represents a 32% discount to DCI's gross asset carrying value as at "30 June 2016" and will result in a loss on sale of EUR27 million.

The relevant bits are in inverted commas.

tiltonboy
07/2/2017
17:24
tiltonboy
I do not agree with your conclusion at all. The disposal of Pearl Island was announced just one month after the proposal for the orderly wind-up. These disposals aren't just worked out in a few days, months more like, so I think the price for Pearl Island has been accounted for in the range of estimates. The other thing is the range is so big it would be a massive fail if the end result is less than the low estimate. So I am sure they are working with a margin of error and expect considerably more than the low estimate. Then again if it is the low estimate I'm still happy and that is why this is a very good investment.

brwo349
07/2/2017
14:17
IGC - like India, but find it hard to chase. Modi may be going great guns but the Hindu nationalism he stokes will unstick him eventually.

CGI - great discount, but looks like it's one to buy on the next tank/£ strength. Performance in 2008 is interesting.

ATS - love their esoteric portfolio! Will keep an eye on it.

spectoacc
07/2/2017
13:46
Ta, will take a look - no holding in any of those 3.

Have seen BTEM sell out of cheap stuff I'd have thought they should be buying before - but can understand it if it's not worth the management time.

spectoacc
07/2/2017
13:37
I'm only factoring 12p over a three year view, which may be decent for new entrants, but will be a painful cut for me.

BTEM are happy for the portfolio to shrink by number, and to add to existing positions, but they are still finding pockets of value.

There is nothing that is compelling for me at the moment, although IGC, CGI, and ATS still trade on anomalous discounts. ATS have a wind-up vote next year, and performance has been improving.

tiltonboy
07/2/2017
13:28
Thanks @tiltonboy.

That the assets will be hard to sell is surely a given - with knock-on effects on both price & timescale. But I'd be very surprised if someone buying at 8.8p today lost money.

Still a happy holder here - BTEM may have better homes for their money, but can't see much out there myself atm.

spectoacc
07/2/2017
13:11
brwo,

the 12.8p to 22.3p was before the recent sale, so the top end is nearer 19p now.

I met with the manager of BTEM yesterday, and I quizzed him on their sale of 26m DCI. He is sceptical on the ability of the board of DCI to sell all of the assets, and the timeframe of any return of capital.

tiltonboy
07/2/2017
11:35
I've found the current 8.8p offer price just too good to resist.

According to the circular the range of possible returns to shareholders are from 12.8p to 22.3p in less than 3 years.

Also according to the circular I should get 1.25p of my 8.8p purchase price back in just 6 months from 50% of the disposal proceeds of the last asset sale.

Very attractive


;;;;;;;;;;;;;;;;

The Manager has estimated that over the Divestment Period, the Company may be capable of realizing gross cash proceeds ranging between approximately €190 million to €310 million based on asset sales prices ranging between 50 per cent. to 100 per cent. of NAV as at 30 June 2016. After deduction of estimated annual management fees (of which variable management fee ranging from €11 million to €28 million depending on sale prices), operating and financing expenses, this would equate to approximately €135 million to €235 million being available for distribution to Shareholders.



Distribution Policy

The Board expects to return the proceeds from asset sales to Shareholders as the orderly realisation of the Company's investment portfolio progresses. Although the exact quantum and timing of returns of capital to Shareholders will be at the discretion of the Board following receipt by the Company of the net proceeds from realisations of asset sales, the Board intends to distribute to Shareholders at least 50 per cent. of the net proceeds approximately three months after the completion of each disposal, subject to consideration of the Company's outstanding liabilities (including any borrowings) and general working capital requirements. The Board will not build up substantial cash reserves other than to meet such liabilities and working capital requirements and may make additional distributions depending on the Company's circumstances.

brwo349
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older

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