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Share Name Share Symbol Market Type Share ISIN Share Description
Doric Nimrod Air One Limited LSE:DNA London Ordinary Share GG00B4MF3899 ORD PRF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 60.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
59.00 61.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -13.75 -32.40 25
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 60.00 GBX

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Date Time Title Posts
09/1/202310:49Doric Nimrod Air One37
08/12/202212:36DNA & FORENSIC SCIENCE170
13/11/200900:14DNA DATABASE-
06/11/200816:44Genographic Project DNA Genetics National Geographic-

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Posted at 06/2/2023 08:20 by Doric Nimrod Air One Daily Update
Doric Nimrod Air One Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker DNA. The last closing price for Doric Nimrod Air One was 60p.
Doric Nimrod Air One Limited has a 4 week average price of 59.50p and a 12 week average price of 59p.
The 1 year high share price is 63.50p while the 1 year low share price is currently 27p.
There are currently 42,450,000 shares in issue and the average daily traded volume is 2,669 shares. The market capitalisation of Doric Nimrod Air One Limited is £25,470,000.
Posted at 09/1/2023 10:49 by davebowler
On Friday 6 January Doric Nimrod Air One (DNA) announced the timetable and process by which the Company will pay the proceeds of the sale of its A380 to Emirates to shareholders. The amount per share is expected to be 60.67p and this is anticipated to occur on or around 3 February by way of a compulsory redemption of shares, with payment of redemption proceeds around 10 February. However, as a result of a technical issue, an EGM is required to disapply pre-emption rights within the Company’s articles to allow the issuance of an administrative share in order to enable the redemption process. The EGM is being held on 25 January and subject to the resolutions being passed the timetable for redemption and payment is expected to be as set out above.

The full announcement is below.

Pease contact us for any queries. The EGM circular and proxy forms will be sent out automatically to the registered holders and are available on the DNA website www.dnairone.com. Please contact Chris Holland on chris.holland@nimrodcapital.com or + 44 7833 444175 if you have any issues.

“As reported in the Company's announcement of 20 December 2022, Emirates purchased the Airbus A380-861 aircraft, manufacturer's serial number (MSN) 016 (the "Aircraft") from the Company for a price of £25.30 million upon expiry of the lease of the Aircraft. The Directors intend to distribute the sale proceeds to Shareholders, net of liquidation and other costs, by way of a compulsory redemption (the "Redemption") of all of the ordinary preference shares in the capital of the Company (the "Ordinary Shares"). The Directors anticipate that the process to liquidate the Company will commence as soon as practicably possible following the payment of Redemption proceeds to Shareholders.

Currently, however, the Company is not able to redeem all Ordinary Shares, because to do so would result in the Company having no shares left in issue. The Directors therefore propose to issue one subordinated administrative share (the "Administrative Share") to JTC Fund Solutions (Guernsey) Limited (the "Administrator"). The Administrative Share would not carry any entitlement to receive or participate in any dividend or distribution, and would only carry the right to vote at general meetings of the Company if there are no Ordinary Shares in existence. The Administrator will hold the Administrative Share until the Company is dissolved, thereby enabling the Company to redeem all the Ordinary Shares before the liquidation commences.

The issuance of the Administrative Share is subject to the passing of a special resolution to disapply the pre-emption rights contained in the Company's articles of incorporation (the "Resolution") to be proposed at an extraordinary general meeting of the Company to be held at Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey, GY1 2HT at 10 a.m. (London time) on 25 January 2023 (the "Extraordinary General Meeting"). Further details of the proposal are set out in the notice of the Extraordinary General Meeting contained in the shareholder circular (the "Circular") published today on the Company's website at www.dnairone.com. In addition, a copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for viewing online at: hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Subject to the passage of the Resolution, the Register will be closed at 6.00 p.m. on 2 February 2023 (the "Redemption Record Date"). All Shareholders on the Register at the Redemption Record Date will be entitled to the distribution of the Redemption proceeds. Redemption is expected to occur on or around 3 February 2023 (the "Redemption Date") at or around a price of 60.67 pence per Ordinary Share.

Redemption proceeds are expected to be paid to Shareholders on 10 February 2023 in pounds sterling using the existing mandate record held on file. Shareholders may elect to receive their proceeds by electronic bank transfer by request sent to the Company's Registrar, JTC Registrars Limited, at PO Box 156, Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey GY1 4EU. Such requests should be sent initially to registrars@jtcgroup.com and this will need to be provided by 5.00 p.m. on 1 February 2023 in order for the election to be effective. The request must specify the full bank account details of the account (which must be in the name of the registered holder(s)) to which the redemption proceeds are to be paid. All bank payment charges will be for the account of the payee.

All of the Ordinary Shares redeemed on the Redemption Date will be cancelled. Accordingly, once redeemed, such ordinary Shares will be incapable of transfer and any certificates existing in respect of the Ordinary Shares will cease to be of value.

The Company will make an application for the cancellation of the admission of the Ordinary Shares to trading on the Specialist Fund Segment, with the cancellation expected to take effect at 7.00 a.m. on 3 February 2023 (subject to the passage of the Resolution and the issuance of the Administrative Share). “

Kind regards



Marc

Marc Gordon

Posted at 08/12/2022 12:36 by the grumpy old men
hxxps://www.latimes.com/science/story/2022-12-08/oldest-dna-lush-arctic-landscape-greenland-2-million-years-ago
Posted at 20/9/2022 08:45 by davebowler
Reproduced extract from the Chairman’s Statement:

I am pleased to report that the Company and Emirates have now reached agreement that at the lease end date, currently expected to be 16 December 2022, the Company will sell the Asset to Emirates. The sale proceeds to be paid by Emirates to the Company are £25.30 million. The Directors intend to distribute the sale proceeds to Shareholders, net of any liquidation and other costs, as soon as possible following the lease end date. It is currently anticipated that the process for liquidation of the Company will, subject to the passing of the required resolution at a general meeting of the Company, commence as soon as practicably possible thereafter, following payment of monies to Shareholders.

Until the Lease End Date, the Company and the operating lease will continue as contracted. The Directors therefore anticipate that between now and the Company’s liquidation (currently expected to be early in the first calendar quarter of 2023), subject to successful completion and no unexpected costs or events, to distribute to Shareholders, both in the form of quarterly dividends and a capital return, a total of approximately 63.75 pence per share (following payment of the July dividend).

The DNA Annual Financial Reports are available via:

hxxp://www.dnairone.com

hxxp://www.dnairtwo.com

Posted at 09/5/2021 16:20 by grahamg8
Emirates have an option to buy the plane which expires on 16 May, so possible share price movement up/down next week driven by those in the know. My understanding is that a set of engines and undercarriage retail on e bay at around $10-15m. Price could go down if too many are available. On the other hand there is supposed to be a shortage of long haul planes in a few years time. Buy up the stock cheap, park in a desert for a couple of years and then auction off to the highest bidders.
Posted at 23/4/2020 20:01 by robizm
Ex dividend today and the price went up. The market cap is £14 million and provided Emirates pay up debt will be cleared end of 2022 and you will receive 23p income and the plane will be valued at £4 million and I reckon they will get much more provided the world has not ended.
Posted at 05/4/2020 13:53 by robizm
I bought in here at 25p and as long as emirates don’t go bust the income on this amounts to around 23p to 2022. In two years things could be back to normal and even selling the plane for 45 million dollars gives a residual value of £0.70 a share. This share price is nuts and in the next few yrs our old friend who we have not seen for ages will be back.......INFLATION.
Posted at 03/10/2019 17:13 by misca2
France Set to Roll Out Nationwide Facial Recognition ID Program

Helene Fouquet, Bloomberg News








Commuters depart La Defense business district during evening rush hour in Paris, France, on Tuesday, July 17, 2018. Frankfurt's efforts to attract bankers escaping Brexit are in danger of losing momentum.

Commuters depart La Defense business district during evening rush hour in Paris, France, on Tuesday, July 17, 2018. Frankfurt's efforts to attract bankers escaping Brexit are in danger of losing momentum. , Bloomberg

(Bloomberg) -- France is poised to become the first European country to use facial recognition technology to give citizens a secure digital identity -- whether they want it or not.

Saying it wants to make the state more efficient, President Emmanuel Macron’s government is pushing through plans to roll out an ID program, dubbed Alicem, in November, earlier than an initial Christmas target. The country’s data regulator says the program breaches the European rule of consent and a privacy group is challenging it in France’s highest administrative court. It took a hacker just over an hour to break into a “secure” government messaging app this year, raising concerns about the state’s security standards.

None of that is deterring the French interior ministry.

“The government wants to funnel people to use Alicem and facial recognition,” said Martin Drago, a lawyer member of the privacy group La Quadrature du Net that filed the suit against the state. “We’re heading into mass usage of facial recognition. (There’s) little interest in the importance of consent and choice.” The case, filed in July, won’t suspend Alicem.

Digital Identities

With the move, France will join states around the world rushing to create “digital identities” to give citizens secure access to everything from their taxes and banks to social security and utility bills. Singapore uses facial recognition and has signed an accord to help the U.K. prepare its own ID system. India uses iris scans.

France says the ID system won’t be used to keep tabs on residents. Unlike in China and Singapore, the country won’t be integrating the facial recognition biometric into citizens’ identity databases. In fact, the interior ministry, which developed the Alicem app, says the facial recognition data collected will be deleted when the enrollment process is over. That hasn’t stopped people from worrying about its potential misuse.

“Rushing into facial recognition at this point is a major risk” because of uncertainties on its final use, said Didier Baichere, a governing-party lawmaker who sits on the Parliament’s “future technologies” commission and is the author of a July report on the subject. Allowing mass-usage before putting in place proper checks and balances is “ludicrous,221; he said.

No Consent

The Android-only app with the blazon of the French republic, which Bloomberg was able to consult, will be the only way for residents to create a legal digital ID and facial recognition will be its sole enabler. An ID will be created through a one-time enrollment that works by comparing a user’s photo in their biometric passport to a selfie video taken on the app that will capture expressions, movements and angles. The phone and the passport will communicate through their embedded chips.

Opponents say the app potentially violates Europe’s General Data Protection Regulation, which makes free choice mandatory. Emilie Seruga-Cau, who heads the law enforcement unit at the CNIL, the country’s independent privacy regulator, said it has made its concerns “very clear.”

Authorities say the security of Alicem is at the “highest, state level.” Yet in April, Robert Baptiste, a hacker who goes by Elliot Alderson on Twitter, was able to access one of the government’s “highly secure” apps within 75 minutes, raising questions about the resilience of the state’s online security.

‘Bug Bounty’

“The government shouldn’t boast that its system is secure, but accept to be challenged,” Baptiste said “They could open a bug bounty before starting, because it would be serious if flaws were discovered after people start using it, or worse if the app gets hacked during enrollment, when the facial recognition data is collected.”

Opposition lawmakers worry about the integration of facial recognition into laws to track violent protesters like during Yellow Vests demonstrations. Drago, who’s challenging government plans on privacy and consent issues, said the absence of a debate “lets the state move ahead, without roadblocks.”

Meanwhile, facial recognition tests are multiplying. Live camera surveillance in the streets of Wales was judged legal this month by a London court. Germany, The Netherlands and Italy use it for fast tracking borders checks. In August, Sweden’s Data Protection Authority fined the municipality of Skelleftea for testing facial recognition on high school students to measure attendance. Apple Inc. trivialized its use as a biometric to unlock mobile phones.

Front-Runner?

The EU’s new Commission, whose mandate begins in November, has among its goals the building of a “Europe fit for the Digital Age.” An internal policy document by the Commission detailed the steps the EU should take to master Artificial Intelligence technologies, including facial recognition.

“The wide-spread use of an equivalent of a public DNA is a challenge for regulators,” said Patrick Van Eecke, a privacy and data specialist at DLA Piper in Brussels. “You can look at France’s use of facial recognition for digital identity in two ways: it goes too far in terms of privacy, or they’re using the most secure new technology. Are they a front-runner or are they overstepping the mark?”

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Vidya Root

Posted at 05/7/2019 16:22 by grahamg8
Just one read through of the annual report so this conclusion is tentative. Note 9 covers the depreciation and hence residual value - in three and a half years time. Earlier there is a comment that the depreciation is on a straight line basis. Excluding currency adjustments we seem to have £5.1m per year from the current book value of £83.3m. So at the end of the lease the plane in the valuers estimation if my interpretation is correct will be worth £65.4m. Add in the dividends and do bit of discounted cash flow and you can come up with a "correct" share price.
Posted at 04/2/2018 17:40 by grahamg8
Emirates have already ordered 20 more A380 + options on a further 16. Delivery to start in 2020. Demand for spares from ex lease planes should be more secure and hence price of a 'used' one at around $100m is more secure.
Posted at 18/1/2018 17:09 by grahamg8
If we get an Emirates order for more A380's then all The DNA shares should rise sharply, DNA1 by the most. general risks - Emirates go bust, $ continues to fall in value (down 10% in past year) but the big one is that the residual value of a used plane falls sharply. Currently DNA has a total return to the end of the lease of around 15%pa based on $104m and an exchange rate of $1.3733/£. The break even figure is around $33.9m. The end of March update should give us a new valuation.

Topped up, and intrigued that DNA2 actually rose on the day we went XD which puts it well out of step with the other editions.

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