Dowgate Capital Share Discussion Threads

[davidosh] 27/7/2008 12:35

The buybacks also suggests that the results will be at least in line with expectation or I guess the directors would be able to assume in this market that the shares would be priced even cheaper after the results. On poor results the price should go lower so a big buyback then would be more effective. In other words they are making a call on the share price lifting outside of the closed period.

[kimboy2] 27/7/2008 09:55

I would not have thought that they would be continuing with buybacks if the dividend were likely to be under threat.

[gengulphus] 27/7/2008 09:14

Yes, close periods also apply to buybacks, but with an exception: a company can set up an arrangement with their broker, under which the broker is given irrevocable instructions about how to do buybacks and then does them independently of the company during the close period, and announce it to the market before the close period starts.

Dowgate have done that ( see ) and so can buy back during the close period.

Gengulphus

[ch131] 25/7/2008 17:38

Looks like another 200k shares bought back today, again at 10p. Don't think we'll go any lower now- it looks like the bottom has been established, and the buyback scheme should prevent any further fall.

Interims were Aug 1st last year- does anybody know whether the closed period for director buying also applies to buying back shares?

[davidosh] 22/7/2008 17:42

That is probably why they had to recruit another guy as I think there is a maximum number of companies per individual advisory head within the Nomad

[saddembinladen] 22/7/2008 10:36

What's is interesting, even under market conditions, the annual retainers for broker and nomads fees should be more than enough to cover fixed expenses. How many clients do they have now?

[davidosh] 22/7/2008 09:35

And another one joins the ranks...

Antonov PLC
22 July 2008




Change of Adviser




Antonov Plc is pleased to announce that it has appointed Dowgate Capital Advisers Limited as its Nominated Adviser and Dowgate Capital Stockbrokers as Broker to the Company with immediate effect.

[brad44] 21/7/2008 20:58

hmmm its funny, you never see them in the same cellar together..

[paulo2] 20/7/2008 22:33

Notice he hasn't been round snce that Josef Fritzl was arrested.

[brad44] 20/7/2008 22:11

thanks for your input guys, wheres chelwood?

[davidosh] 20/7/2008 22:07

ch131....Agreed I think the company set that share buyback plan for a reason and it is very rare indeed during a close period. They think the share price is weak enough and as it pays out a near 10% dividend those shares are earnings enhancing by going into treasury. If they have made a good decision long term will be revealed in due course but right now that share price should have seen a bottom as large sales will almost certainly be absorbed and smaller ones will be batched up and sold by the MMs knowing there is a buyer in the form of the company.

[ch131] 20/7/2008 21:51

I think you'll find Monty has a hidden agenda... It won't work.

The company seem set on buying back shares at this level, which is preventing further decline. If you want in, then now is about as cheap as you're likely to get.

[rawli] 20/7/2008 11:10

Would they not have had to inform the market in a Trading Statement if they were going to announce bad results and no Dividend.

Also where would the money be coming from for all the Buybacks if they were not confident of paying at least the same dividend as last year ?

A 0.4p dividend costs the company £162,371.69 (40,592,923 shares x 0.4p) plus I think the bonuses are only paid for new customers being bought to the company so the should be down this year substantially.

I would be very surprised if they also took on a new member of staff in these markets unless they were very confident of the outlook.

I am happy to hold my shares at present but wont be adding in these markets for a while

Just my thoughts

Andy

[montyhedge] 20/7/2008 08:41

Do you think there will be a dividend, after the new people came in, of course not, how can they bring in business in these markets. I bet the figures are disappointing and no dividend.

[donaferentes] 20/7/2008 00:21

Yes, montyhedge, I expect they have taken on another director to help count their expenses!

[montyhedge] 19/7/2008 10:06

More expense, can't wait for the figures, all these expenses, I bet the figures are sh-t, in these markets when deals have slowed right down.

[rawli] 18/7/2008 23:31

Network Group Holdings plc
(the "Company")

Change of adviser

The board of Network Group Holdings plc is pleased to announce the appointment
of Dowgate Capital Advisers Limited as nominated adviser to the Company and of
Dowgate Capital Stockbrokers Limited as broker to the Company.

For further information please contact:

Christopher Ross, Chairman 01676 525 000
Network Group Holdings plc

www.networkgroupholdings.co.uk


Tony Rawlinson, Chairman 020 7492 4777
Dowgate Capital Advisers Limited

Dru Edmonstone, Head of Broking 020 7492 4799
Dowgate Capital Stockbrokers Limited

[onsider] 18/7/2008 10:01

So, what does he do all day? Here's hoping he is nice and busy...

[donaferentes] 18/7/2008 02:00

Can we assume another director is required to cope with the volume of work - at least in anticipation of it? At least they are not laying off staff.

[rawli] 17/7/2008 22:04

Website updated

New staff member :-

David Newton

David, aged 36, qualified as a Chartered Accountant with Ernst & Young in 1997 before joining the UK Listing Authority where he was an Equity Markets Adviser to fully listed companies and their advisers.

In 2000, David joined Williams de Broe plc where he specialised in advising small/midsize companies seeking to raise capital and he has worked on a wide range of transactions.

David joined DCA in June 2008 from Seymour Pierce Limited. He is also a Fellow of the Securities Institute.

David Newton, Director
E-mail: [e-mail]

[ohmigods dad] 17/7/2008 14:55

All the fun I've been missing.....did you buy back in at 10p chellwold?

[onsider] 17/7/2008 09:55

Exactly. I would suspect that the opposite may be true.

Good results looking likely so they want to get their buybacks in before the results so that they don't have to deal with an increase in share price

Maybe...

[kimboy2] 16/7/2008 17:10

If they are trying to delay poor results why set up a buyback program.

[whitewestie] 16/7/2008 13:44

Why the delay in announcing the interim results this year not before 16th Sept or later, are they trying to delay poor results as long as possible?

Last year it was early Aug, they do not seem to have been that busy to justify such a delay.
See the RNS above.

The share price is a disgrace and no noises from the company just silence.

[saddembinladen] 15/7/2008 17:38

Welcome aboard Meeky - are you new in these parts?