Dci Advisors Share Discussion Threads

[baner] 13/11/2024 08:33

Blablablabla…………………;……̷0;……R30;DCI is turning into a retirement home for its overpaid BOD……230;.at the expense of all shareholders. Time for revolution !!!

[spectoacc] 08/11/2024 08:22

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.

[baner] 08/11/2024 08:18

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.

[baner] 04/11/2024 09:23

Since the two Executive directors took over management of DCI the company has involved itself in a legal battle with the former management, borrowed money several times from certain shareholders, failed to file accounts in time and thus seen the shares suspended and announced a number of ”imminent transactions”, none of which have materialised. These two directors had their remuneration packages significantly enhanced recently and shareholders must now ask themselves what they get for the money. None of these two have suitable professional skills or experiences for these tasks, which is sadly demonstrated by the lack of progress. It is no doubt time for shareholders to consider how the valuable assets of DCI can be turned into cash to the benefit of all shareholders pro rata. It cannot continue like this. It is time for a change of guards in DCI, no doubt.

[spectoacc] 01/11/2024 16:30

December, really? Wouldn't bet on it.

RNS is a day late.

"As at today's date, the Audit has not been completed. KPMG continue to work on this and the Company now believes that the audited Annual Results together with the interim results for the 6 months to 30 June 2024 should be published during December. "

[spectoacc] 01/11/2024 13:03

Agree they should have RNS'd the receipt of funds in September - whether it happened or didn't happen.

Now beyond the "..In October".

I guess none of it is market-moving because there's no market.

[tiltonboy] 01/11/2024 12:59

I suspect the hand of Miltos still looms large. Think we are in for a long wait

[baner] 01/11/2024 11:10

Where are the audited accounts that we have been promised for quite some time now? And what about the completion of the sale of Livka Bay ? It seems the best skills of the management team is to borrow money from shareholders at rather onerous terms……..time for a change of guard it seems.

[spectoacc] 16/9/2024 07:58

So October possible relisting, having failed to meet 9th August audit target.

But some (co saving?) cash coming in this month.

"Although disappointed that the audit has not yet completed, the Board confirms that the audit continues apace and now anticipates that the audited Annual Results will be published during October 2024. At the same time, the Company also expects to publish the interim results for the 6 months to 30 June 2024 in October.

The Board would like to reiterate that robust sale plans have been identified for each asset in the portfolio and expects to give an update on these when the audited annual and interim results are published."


"Update on Livka Bay process

As noted on the 28 June 2024, the Company entered into a Sale & Purchase Agreement to sell the Company's interest in Livka Bay on the island of Solte near to the city of Split on the Dalmatian Coast in Croatia (the "Sale"). The Board stated at the time that completion of this Sale was expected to take place shortly and is for 100% of the Company's interest, for a price of €22 million. The Board reiterate that it is nearing full completion and anticipates being in receipt of funds during September."

[cousinit] 04/9/2024 12:17

I wonder.

It looks like DCI has been ejected from the FTSE Small Cap index due to being suspended for 40 days without update.

Might that be convenient for larger holders to mop up more from technical selling?

Appreciate that we're only a few days into September, but clearly August has come and gone!

[spectoacc] 03/9/2024 18:12

In danger of being delisted, no one any views?

[spectoacc] 11/7/2024 10:37

Fairly damning:

[spectoacc] 30/6/2024 07:58

Thanks @tiltonboy.

[tiltonboy] 29/6/2024 09:17

I'm not certain that Aristo will achieve what it is worth. Kilada I'm more comfortable with

[baner] 29/6/2024 08:20

Tilton

Aristo represent significant value - it is a question re how to unlock what could be at least 5p/DCI if you look at the underlying asset value of Aristo.

Kilada should fetch more than 5p/DCI.

The legal battle will be a wash - 0 settlement is my best guess for this non-sense.

Other assets - questionmark, but not negative.

So 10p+ clearly achievable, should be 12p+ in my world.

[tiltonboy] 28/6/2024 18:44

This is certainly an excellent result, and if we could dare to believe that the "loans" to progress work at Kilada are capitalised into additional value then we can look forward to a sale at a good price.

I hear trading is good at Aristo....but can we get close to it's "book".

The elephant in the room...and there is always at least one is the litigation!

Had the old managers taken fees on the back of the share price, rather than an inflated NAV, there would be significant value still in DCI.

I understand the new board/managers believe that close/slightly above 10p is achievable, but....this is DCI afterall, and I would be delighted with 7/8p

[spectoacc] 28/6/2024 15:32

Belief doesn't pay the bills. Will look forward to a DCI follower's view on the points above.

[baner] 28/6/2024 15:30

Actually, i believe there could be 12p+ within 18 months.

[spectoacc] 28/6/2024 14:20

Suing and being sued, if they can get everything off with a settlement then great, if not then who knows how long or how much?

But at least the high-interest working capital loans are going to be repaid.

[baner] 28/6/2024 14:14

10p+ likely outcome within 18 months.

[spectoacc] 28/6/2024 14:07

So there might be some back, or there might not, and if there is, who knows how much.

But positive overall, depending very much on what DCI's definition of working capital is, particularly with court cases ahead.

I've been in DCI too damned long. Many of these deep value plays aren't worth it even if they double, if you find yourself stuck in them for a decade.

[spectoacc] 05/6/2024 12:56

No actual offer yet so no price level to give. But otherwise agreed.

DCI seems to be where money goes to die.

[baner] 05/6/2024 12:47

not a very informative announcement of today..........MOU to possibly sell.........AT WHAT PRICE LEVEL ? IS IT 50% OF BOOK VALUE, 100%, 150% ???????

[cousinit] 23/4/2024 10:51

May have been tipped? The recent updates seemed positive but the share price didn't really budge

[tiltonboy] 23/4/2024 10:18

Some odd trades going through!