Dolphin Capital Investors Share Discussion Threads

[spectoacc] 16/10/2020 13:27

Not the best news today, but perhaps not too relevant with a 3p share we hope is worth 10p+. Might extend timescales (again) tho.

[frazboy] 14/10/2020 09:35

Thanks Tilton!

[tiltonboy] 14/10/2020 08:51

Trades went through at 3.2p

[frazboy] 14/10/2020 08:15

"one must wonder on what basis the seller came to the conclusion that 3.3p" We have no idea what price they exited at. In saying that I'm assuming (ass, you? me?) that it was an off-book trade and thus the price will never be known.

[baner] 13/10/2020 09:23

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.

[frazboy] 03/9/2020 10:47

Tilton - one thing I was wondering about, was, how much cash they have left? Might favour a quick round up rather than raise against assets? Just a random thought. Edit: apologies, being a bit daft, the approved wind up deadline is end 2021, not 2020. Cash won’t last until then so presumably a borrow of some sort will be required.

[tiltonboy] 03/9/2020 09:56

Edited. Thanks frazboy. For some reason, I thought it was this year.

[baner] 03/9/2020 08:15

ready for take off - sorry EezyMunny but if you are short in this one you will be greatly disappointed! could well end up double digit share price in a years time. low risk.

[eezymunny] 26/8/2020 15:23

Two hours drive from airport and the villa designer must have come from a cardboard box design team. Will they sell any? Might be a few mugs!

[tiltonboy] 26/8/2020 13:23

Pretty impressive: hxxps://www.mykilada.com/wp-content/uploads/2020/08/KILADA_BROCHURE.pdf

[baner] 07/8/2020 09:37

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] 05/8/2020 16:19

@rjmahan - So this Morningstar data is probably out of date. Thanks

[rjmahan] 04/8/2020 20:17

I believe (from memory) its all been paid back.

[apollocreed1] 02/8/2020 07:00

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] 22/6/2020 08:01

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.

[my retirement fund] 03/6/2020 10:37

Looking a decent punt

[baner] 03/6/2020 10:23

just read the Annual Report and this is looking increasingly good! no parent debt and/or guarantees outstanding. so everything realized (net) will be distributed to shareholders - i would not be surprised to see 10p or better coming out of this in a year or two. greece now opening up will no doubt help. extremely attractive risk/reward.

[baner] 28/4/2020 19:52

something cooking here.......? €1bn of cash injection has been turned into €25m in a few years - quite an achievement!surely Gillenhammer has done some research on these assets - the company is debt free with some excellent assets to be sold - 10p/share to be raised and distributed to shareholders - or will mr G try to buy this on the cheap to pocket the surplus for himself ???

[spectoacc] 06/4/2020 14:50

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.

[spectoacc] 29/12/2019 07:42

Lol - ta. That explains it.

[tiltonboy] 27/12/2019 20:20

Saw that last week, but it's not DCI

[spectoacc] 27/12/2019 18:29

Interesting! Thanks @HP. Greece already has a floating hotel - it's called Rhodes. A move into cruise ships is, er, interesting tho, particularly for something I was expecting to be winding up before long. Also: "Dolphin also runs a Museum of Illusions in Istanbul and is currently constructing another five such venues in Madrid, Thessaloniki, New Delhi, Porto and Orlando; and planning another 13 to open in 2020. According to Kambourides, Dolphin’s goal in the next five years is to create more than 50 Museums of Illusions in various locations around the world, either individually or in collaboration with other investors"

[hugepants] 27/12/2019 18:04

https://news.gtp.gr/2019/12/12/dolphin-capital-planning-launch-greeces-first-luxury-floating-hotel/

[spectoacc] 07/11/2019 13:32

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).