Dowgate Capital Share Discussion Threads

[yohoho] 22/4/2009 10:57

You clearly dont. Do you even know what the Blue Book is?

[yohoho] 22/4/2009 10:12

Well propane, you give yourself away, clearly having no blue book knowledge.

[propane] 22/4/2009 09:31

Hmmmm, thats interesting, the offer is now down to 5.5p .....which is below the 'minimum 6p' offer from BO......i wonder if BO want to renegotiate a lower deal after dgt's dire results..........certainly the mm's clearly believe the BO offer is now looking a bit fragile.

Well done those who took the 6p while it was briefly on offer!

Interesting that Blue Oar is a client of Daniel Stewart...

ps...dont shoot the messenger.........instead, have a go at the guys who've robbed you.

[propane] 22/4/2009 08:31

bid down to 5p (edit..4.5p now) just like i said, 4p next stop.

[davidosh] 21/4/2009 22:51

It does seem rather unfair if shareholders get nothing including no dividend in this economic climate and yet bonuses are still paid after this set of results.

[lr4850] 21/4/2009 21:46

Blue Oar are hoovering up shares in market; it soon won't be DGT's decision to make. Not that there ever was a decision; let me see erm hmm 11p a share MBO or 6p offer from Blue OAr. Tw@at Rawlinson rejects 11pps buyout in favour of 6pps from Blue Oar - some under hand dealings going on - coming out with more smoke and mirrors to shaft (ream :-( ) shareholders and line his own pockets.

[yohoho] 21/4/2009 21:35

Well White Westie there is your answer. I am perhaps not quite as emotional as our friend propane but I cannot but agree to his sentiment in calling for the immediate dismissal of Rawlinson. If there is even the whiff of bonuses here they must be resisted with considerable force.
This company couldn't raise a smile, let alone a penny for its hard pressed corporate clients. They, and he, are clueless.

[whitewestie] 21/4/2009 20:01

Bloody disgraceful results, no divi for loyal shareholders but i bet they will still get some bonuses, have to wait for the hard copy to arrive to check.

[davidosh] 21/4/2009 18:21

2008 2007

Financial Financial

advisory broking Group advisory broking Group

£000 £000 £000 £000 £000 £000



Revenue -
external sales
2,551 2,548 5,099 2,740 3,511 6,251



Segmental 371 (1,166) (795) 474 713 1,187
(loss)/profit before
impairment of
goodwill



The company paid £5m for SPE and within 18 months it loses £1.16m.....absolutely shocking. I presume staff at DGA will still get year end bonus payments as still profitable but it really should be paid in shares as cash is depleted. Those payments for last year will have reduced the profit to £371k so the true profit without a bonus deduction is about £700k and it is not therefore a surprise that the MBO team were keen to take it away for £1.5m.

[cammy3] 21/4/2009 18:21

You are correct davidosh. Idiot this rawlinson - hand over the business to blue oar now to avoid any more suffering to shareholders. I really am surprised by this performance and how quickly they have burnt the cash. should have sat in their old office had kept the cash. Into the bargin they issued another 10% of shares to Edmonstone - What brains

[davidosh] 21/4/2009 18:04

This is from exactly one year ago and in the results highlights.....

It is the reason behind the disaster IMO...


* Move to larger, new high quality offices to facilitate growth

* CFA professional team increased from 6 to 9 enabling expansion of client
base

* Broking team recruited to launch Ellis's City based operations


Over two million squid down the drain !

[cammy3] 21/4/2009 17:17

Yohoho - I suspect mbo was engineered to help them arrive at the 11p. Blue Oar will take turnover and offload all of the staff. And rightly so.

[yohoho] 21/4/2009 17:11

Utterly dreadful figures, but not without some levity and I quote " Based on the current carrying value of DCS of GBP2.9m and the proposed buy out
price of DCA of GBP1.5m, the value of the Company's subsidiaries, ignoring any
sale premium in the case of DCS, is GBP4.4m equating to just over 11p per share" Now that we have stopped laughing I have rarely seen a stronger sell signal. Blue Oar should be hit with a wall of stock tomorrow!.

[cammy3] 21/4/2009 17:10

What a bloody mess. Sooner this is taken over the better. Internal fractions too i suspect. Offer for DCA by management team of £1.5m !

Rawlinson needs to step down regardless of outcome with blue oar

[propane] 21/4/2009 16:55

Summary.....no wonder everyone else walked away!...




Dowgate Crashes to £2.77m Loss
an ADVFN competitor
Dowgate Capital results show the the Group hit the buffers in 2008 producing a loss for the calendar year of £2.77m.

In operational terms, the Group made a trading loss of £0.39m on a turnover of £5.099m but impairment charges and exceptional costs drove the overall annual loss down to £2.77m ( 2008 profit £0.89m).

looking forward, the Group admits that market conditions are challenging for both of its subsidiaries, Dowgate Captial Advisers and Dowgate Captial Stockbrokers.

At DCA, trading worsened during the first quarter of 2009 as many of the flotations mandated during 2008 have failed to raise the necessary funds.

In addition, DCA's retained client base has been volatile and, in common with other AIM advisers, there has been downward pressure on fees. DCA has however been successful in gaining some new retained
clients.

DCS has continued to trade at around the same level as in the final months of 2008 with private client stockbroking business continuing to hold up well and showing signs of improvement, but corporate broking activity remaining depressed.

[propane] 20/4/2009 15:34

blackm0nday, i smile broadly when i think of your losses here.. lol


ps......try not to burn those mac burgers on your 12 hour shift....what with your dgt losses on your mind and all..........lol

[propane] 20/4/2009 11:36

i asked first.

[yohoho] 20/4/2009 11:35

I could ask you the same question!