Dev.Secs. Share Discussion Threads

[jl9] 18/7/2014 15:31

trytotakeiteasy

"exciting" is very likely doublespeak here.

They talked about bringing senior management across from Cathedral. I seriously wonder if they brought EVERYONE across.

[ammons] 18/7/2014 15:21

I thought the discount was around 20%. Pretty much the worst in the sector?

[horndean eagle] 18/7/2014 15:04

DSC has pretty much the worst discount to NAV in the sector. Its a reflection on management and their performance record. Its shocking they are still sat in charge taking out such huge wads in salaries and bonuses. There was a reasonable dissent yesterday against that.

[ammons] 18/7/2014 14:52

I suppose you have to do deals to create value. Wonder what the current NAV is?

[trytotakeiteasy] 18/7/2014 13:11

Not sure on this IMS... talks of an "exciting" period..... excitement may be fun for management in the sense of doing lots of deals.... but what shareholders want is value creation...

[skyship] 17/7/2014 12:06

scburbs - Thnx for the heads-up

[badtime] 17/7/2014 09:38

i see yesterday they are involved in a site not too far from me....part of which is currently used by my football clubs park and ride!

[scburbs] 17/7/2014 09:13

IMS due tomorrow.

hxxp://www.developmentsecurities.com/devsecplc/en/ir/financial-calendar

[skyship] 16/7/2014 16:25

Good to see a firmer tone over recent days; and especially today. But Volume still low and BlackRock still overhanging. We need to clear 230p to perhaps signal another run on the previous highs:

[jl9] 09/7/2014 18:03

But the unusually wide discount to NAV surely shows a lack of investor confidence today, does it not?

I must admit I don't have a completely settled view of management myself, which is why I tend to blow hot and cold depending on what the shares are doing.

[skyship] 09/7/2014 16:43

Hm - Don't agree with that. Have no personal knowledge, but they have a reputation for being rather astute and conservative - this latter can be considered either good or bad depending upon your personal attitude to risk.

Back in 2009/10 Michael Marx had a considerable following, which was why he was able to raise so much cash in two consecutive Rights Issue at full NAV!

[jl9] 09/7/2014 14:50

I'm saying the management is below par. They are not very good.

[ammons] 09/7/2014 14:28

JL9, sorry for being thick but what are you on about?

[jl9] 09/7/2014 11:10

When I look through the merchant cantos interviews the impression I get is of a recreational management. Its a subtle thing you see in the body-language, the turns of phrase and general attitude to questions. I wouldn't have noticed this without watching other company videos.

[jl9] 09/7/2014 10:38

I suspect this highlights a problem in these shares. Placemaking is a slow, creative affair I think will prove more satisfying for management than for shareholders.

[skyship] 09/7/2014 09:21

Our new property regeneration division - Cathedral Group - gets a mention in the Smithfield Market development debate:

[jl9] 07/7/2014 20:21

Now a short on British Bulls... hankies out.

[jl9] 07/7/2014 16:33

It looked like it was up, up and away...no way.

Can't believe what these are doing.

[skyship] 03/7/2014 15:07

Apologies to the Company who have graciously pointed out the 3 RNSs announcing the reduction in the Quantum stake - all issued near end May. A period coinciding with my 10day internet outage as I was switching providers; a time when I missed many things.

[skyship] 03/7/2014 11:05

We're both assuming they've banked their profit and moved on...

No matter, most pundits feel Aberdeen to be a safe pair of hands.

Have you noticed how often one finds BlackRock reducing holdings at the moment - not just in DSc it would seem. GEMD today; and saw another one elsewhere yesterday...

[citymohawk] 03/7/2014 09:48

Sorry Sky - ignore me.

Yes that would mean that Aberdeen have been adding beyond taking out the Quantum stock and more.

[ursus] 03/7/2014 09:48

Do the figures mean that Quantum is out, or just that they are below reportable level?

[skyship] 03/7/2014 09:28

?

10.82% + 8.04% = 18.86%. Now up to 19.21%

So I assume Quantum out entirely.

[citymohawk] 03/7/2014 09:16

That still leaves Quantum with about 1m back in the market? Unless they diluted their holding through the recent acquisition?

[skyship] 03/7/2014 08:18

CM - Well done you! Yes, it would seem as though Quantum has exited, selling their stake to Aberdeen. Surely there should have been an RNS from both parties!

I'll contact the Company...

Holder...........28 Feb.......29 May

BlackRock.........13.00........10.72
FIL...............12.15........12.17
Aberdeen..........10.82........19.21
Quantum............8.04........0
F&C................5.84.........5.84
Ameriprise.........4.68.........4.68