Dolphin Capital Investors Dividends - DCI

Dolphin Capital Investors Dividends - DCI

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dolphin Capital Investors Limited DCI London Ordinary Share VGG2803G1028 COM SHS EUR0.01
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 3.25 08:00:16
Close Price Low Price High Price Open Price Previous Close
3.25 3.25 3.27 3.25 3.25
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Industry Sector

Dolphin Capital Investors DCI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

baner: more smart money coming into the DCI stock. the most recent buyer is a very clever organisation and most likely have done a indepth search on the DCI assets. it does not take much of tailwind to see DCI paying out 10p to shareholders over a year or two. one must wonder on what basis the seller came to the conclusion that 3.3p was a good level to exit...........they probably dont care as it is OPM.
baner: apollo yes this info is as ancient as the akropolis! DCI is debt free at the parent with only small non-recourse loan in one of the subs. this is what make the risk/reward so attractive here. not much of a downside, huge upside.
apollocreed1: I was just looking at the "Structure" section for Investment Trust rankings on the AJ Bell website. It states that Gross Gearing for DCI is 98%. Isn't that quite risky? What if the banks call in their loans?
baner: DCI making good progress - zoning at apollo very good news! and with both Kea and Kilada in construction phase it should be possible to realize substantial values for DCI shareholders also in a short term perspecitive - before end of 2021 looks realistic. in total north of 10p should be achievable. very sound risk/reward.
spectoacc: I quite liked the RNS this morning. OK, so the standard "It's all gone to sh*t thanks to Corvid-19", but sounded like a willingness to cut costs, rapidly move towards sales, and full return to shareholders as and when they do. I'm bearish on Covid but bullish on DCI.
tiltonboy: Saw that last week, but it's not DCI
spectoacc: Thanks @tiltonboy. One day (in theory 2021) DCI may surprise us - in the meantime, feels like dead money (seem to have too many "deep value" plays like that).
rjmahan: Epistrophy - I see your "Point". There could be more innocent explanations. The original investor could be needing to sell an illiquid asset quickly, don't imagine there would be many buyers out there for it. Also from the banks point of view dealing with DCI could look a bit corrupt. Time will tell - I have been told these are a fraud, also they were unlucky. We will see... Tempted to add if price falls a bit more.
epistrophy: To be fair, I am reading between the lines a bit here. But the fact that the third party turned the loan around fairly quickly (it all happened within the reporting period) says to me that they made a nice profit on it. If DCI had settled the loan with the bank directly, we could have saved some money. I suppose there may be reasons that wasn't possible (didn't have the money yet / bank not willing to wait). And yes, retiring a loan at 40% of par is a great deal on the face of it! But on the other hand, if it's a sophisticated investor selling the debt for 40p on the pound ... what does that say about the equity value of the project? All just my interpretation and I'd be interested in other views.
rjmahan: I don't see how that was at shareholders expense. So the owner of the Symboula loan sold it to party x for an unknown amount of money. They then sold it back to DCI for 40% par. Creating a gain for the long suffering DCI shareholder... Notes go on to read: " 33. SUBSEQUENT EVENTS On 1 July 2019, Symboula (owner of Apollo Heights in Cyprus) entered into an agreement for the full settlement of its loan amounting to EUR15,726 thousand with the loan acquirer (see note 22) for a total consideration of EUR6,150 thousand. As of the date of the approval of these condensed consolidated interim financial statements, this transaction has been finalised, creating a gain of EUR9,576 thousand, which will be recorded in the second half of the year ending 31 December 2019. "
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