Dci Advisors Share Discussion Threads

[my retirement fund] 08/3/2016 19:25

3 mill dumped at a discount to the present bid. Anyone heard anymore news?

[tiltonboy] 01/3/2016 16:47

I was with the broker at lunch today, and asked him about the weakness in the SP, and this was before the news. He is going to try and find out wtf is going on.

[my retirement fund] 01/3/2016 16:14

What do you think may have gone wrong here tilton?

[tiltonboy] 01/3/2016 15:43

Oh dear!

A year on from their appointments, and the new directors have gone.

The price has been telling us for some time that things aren't quite right, but what has prompted these departures!

[rambutan2] 10/2/2016 15:46

Trading update tomorrow. Worries over what will be said...

[hugepants] 10/2/2016 15:18

Tanking again. Now sub 12p. Any views?

[hugepants] 17/9/2015 09:11

Bought some of these earlier this week. 220M shares issued at 21p in June. Now 15.5p to buy. Any specific reason why the large discount to the placing price? OK there was the crisis in Greece but thats been resolved now. Results on 24th sept

[my retirement fund] 11/9/2015 17:16

Are you buying anymore ?

[badtime] 13/7/2015 15:50

Bought a few today

[my retirement fund] 13/7/2015 15:27

1.5 Mill in Greece is safe now.

[badtime] 13/7/2015 10:43

Large buy there at .5 over the asking price

[badtime] 30/6/2015 12:13

Can buy at 20p..tempting

[tiltonboy] 10/6/2015 14:32

Took some in the placing at 21p.

[badtime] 10/6/2015 12:54

Adding yet Tilts

[badtime] 21/5/2015 20:16

Considered spending your retirement fund on some of those goodies :)

[my retirement fund] 21/5/2015 15:45

Very quite regards the regulated news flow, new market info just been published though on web site and via twitter, nice brochure:

[badtime] 25/3/2015 12:27

Continues to drift

[badtime] 19/3/2015 11:59

But lower and I might get interested

[orinocor] 03/3/2015 07:37

Fair points. Not buying but on my watchlist.

[envirovision] 02/3/2015 09:14

I think generally the many quality European owned private holiday chalet units would not fall much if at all since its those owners outside Greece who have already dictated the present price.

Another thing, its also a supply thing and in Greece the mass private chalet building projects around the coast fell of a cliff in 2008, they have not even begun to recover in all this time so there is no significant new units on the market in the last 7 years, which helps support the above. (lack of supply)

Regards the larger holiday complexes, they would see an almighty boom as bargain holiday makers switch from present low cost destinations such as Turkey to Greece.

It is possible infact that boom could push up demand for private rentals and indeed those private chalets above.

This would have the likely knock on of unlimatley increasing those complexes valuations as their turnover and profit soars.

I would imagine the real bargains would be inner city and town private residence dwellings, since there is not presently an outside interest in such properties.

Personally, I don't think Greece will leave the Euro though but only time will tell.

[orinocor] 02/3/2015 08:59

There are a lot of Greece and Cypriot properties in there. What happens to the NAV on a Grexit?

[stupidboypike] 26/2/2015 12:13

thanks enviro. Best regards SBP

[envirovision] 26/2/2015 12:02

I dont think this is a current vat bill, would be future upon construction.

If you read this, you'll see its input vat, so would be due (to vendor) when they begin construction, so I suspect that's when the VAT on the land sale becomes due, in many med countries its not due till the walls are built, windows in etc):

The Jack Nicklaus Golf Course and Villas at Kilada Hills. The Company is in negotiations with a major regional bank for a €16 million long term senior construction loan facility and a c. €6.5 million VAT bridge facility for the construction cost input VAT, and for the development of the Jack Nicklaus Signature Golf Course and Club House and the project’s Beach Club.

[stupidboypike] 26/2/2015 11:37

Have these on my watch list but just re-read the December rns and saw this:-

"The Company remains in negotiations with a major regional bank for a long term senior construction loan facility and a VAT bridge facility, and is also in discussions with third party investors to source the additional funds required for the project development."

The "VAT bridge facility" scares me a little. Do they need a loan to pay their VAT? If that's the case I think I'll wait a little to see how things develop.

Having read it again, I think they mean a loan advanced on the security of a VAT refund. Anyone sure? I'm waiting anyway, can see the value here but also unsure of the risks.

Best regards SBP

[envirovision] 25/2/2015 09:50

So NAV 77 pence. Daniel S. Loeb, CEO of Third Point to sort out the discount and accelerate returns to shareholders.

From Q3: The Company's balance sheet remains robust. Gross Assets of EUR925 million. Total debt of EUR215 million, with a Group total debt to asset value ratio of 23%

Would expect 100% upside from here in time. Await further update.