Dragon-ukrainian Propert... Share Discussion Threads

[envirovision] 03/5/2011 08:23

Plenty of would be buyers trying for a bargain on the books, no sellers about at all now though. Price should continue to rise.

Talking to myself.

[envirovision] 28/4/2011 20:21

Results out after hours, clearly someone got sight of them at lunch time which explains why that 150K buy order came onto the books.

No nasties at all to report of, NAV £1.52p per share including 20p cash. Now even starting to generate income (1.8 usd million net).

Extremely positive trading update with most positive outlook I have read in over 3 years:

Outlook

We expect 2011 to be an extremely important year in the history of DUPD. It should become a crucial point for our residential projects, as first home-owners are moving in our gated communities, which are now offering a combination of high-quality construction standards, completed infrastructure and a unique concept for the local competitive landscape. We expect to commence phased construction of our 65,000 m2 Obolon Residential Towers project, which should bring new quality standards to the local high-rise residential market. Retail property stock in operations within our portfolio is expected to increase by 10,000 m2, through new deliveries under Arricano portfolio, while an additional 34,000 m2 will be under construction in Arricano and Henryland portfolio. This, combined with the fundamental strength of our business model and continuous strategy of being conservative on valuations and leveraging the portfolios, puts the Company in a strong financial position.

[envirovision] 11/3/2011 23:28

Just a good price. Places such as Ukraine are simply far from investors radars thanks to Euro debt worries, western inflation, high oil prices, middle eastern unrest and now earth quakes.

The 60p resistance level should help as support till the results. In the past these have turned a nice profit for me. The company is in fantastic financial shape, overtime one cannot lose.

[davydoo] 11/3/2011 22:53

ive had these on watch for a long time, anything that particularly tempted you in now enviro?

[envirovision] 04/3/2011 11:58

bought 10K today. Results Early April.

[gambler99] 07/11/2010 12:19

whats going on with xxic? anyone got money in this dog?

[engelo] 03/8/2010 12:32

dasv: thanks

[dasv] 03/8/2010 11:41

DUPD report is steady as she goes. Waiting game for NAV increase or sustained turnaround in property market. No hurry to buy back in.

[dasv] 03/8/2010 11:28

engelo: ZULU thread has a few ideas which are strong in my view. Stonking charts from XPP, ABC, Aggreko, WEIR, PFC etc. DOn't know if it will continue though.

[engelo] 03/8/2010 10:47

Just as before the finals in April, the share price has adjusted ahead of the RNS so content well known to the favoured few beforehand.

NAV a bit disappointing.

[engelo] 27/7/2010 11:24

dasv: probably done your health good! Been tricky recently.

Only decent item on my list has been WCC.

Tempted to have another go at AURR...

Any other non UK ideas?

[dasv] 26/7/2010 20:41

still have a few but taken a break from the markets...

[engelo] 26/7/2010 18:37

Anyone out there? Trading update including NAV issued 25th August last year.
imo share price should continue strong leading up to this.

[envirovision] 27/5/2010 15:31

I'm back in with a 7000 kick off

[jlp4] 14/4/2010 21:22

I'm with Dasv I'm sticking. Enviro you mention XXIC and UKRO. One look at the 3 companies balance sheets and you can clearly see which company is best set to take advantage of this weak market, and then flourish come the market upturn. Even taking the discount to NAVs into account I'm still happiest here.

[dasv] 14/4/2010 11:24

;) good point envirovision - not good to get attached to specific shares - can cloud one's objective judgement.

I have enough risk for the moment and still view any form of investment as to some extent risky.

I do like DUPD's balance sheet though, and I do like their outlook. There might well be stocks with higher discounts to NAV however I believe DUPD is uniquely well placed to ride out economic uncertainty and I am encouraged by the outlook statements in the RNS.

However I recognise the mantra buy the rumour, sell the fact. And the facts are now on the table.

Also my holding is split 50:50 between a trading account and a SIPP. I do not need to sell within my SIPP to use up CGT allowance.

[envirovision] 14/4/2010 11:09

Are you planning to marry the share dasv? i guess if your not looking for more risk can well understand it though.

[envirovision] 14/4/2010 11:01

New tax year I can take some big profits off the table without being forced to pay for a load of sick public sector leaches at the minute. My first ever purchase of these was at 26.5 pence.

I will be looking to increase my exposure in Ukraine though once the money clears and its transfered to my new broker. XXIC and UKRO spring to mind as both have bigger discounts to NAV so upside is greater.

[envirovision] 14/4/2010 10:23

Looks great I'm out

[dasv] 14/4/2010 09:42

"The trend of the second half of 2009 is seen to continue in the next year, as
price recovery and buyers' activity will be gaining support from resumption of
mortgage lending. In the medium term, Ukraine is expected to remain one of the
most undersupplied regional residential markets with weak competition, which
keeps it highly attractive for investments into development of quality modern
residential space even through the market down-cycle. "

[dasv] 14/4/2010 09:28

Prelims out this morning:-

Preliminary results for the year ended 31 December 2009

Dragon-Ukrainian Properties & Development plc, a leading investor in the real
estate sector in Ukraine, is pleased to announce its preliminary results for the
year ended 31 December 2009 and provide an update on operations since its last
Trading Update, released on 19 January 2010.

Highlights

Operational Highlights

- Sound progress on all projects

- Strong residential sales in Q4 2009

Financial Highlights

- NAV per share of USD2,62 at 31 December 2009 (up 6.3% since 31 December 2009)

- Uncommitted cash of USD 57.7m as at 31 December 2009 (2008: USD 86.2m)

- USD231.3m Committed funds as at end of 2009 across 10 investments

- USD86.2m Cash balance as at 31 December 2009 (2008: USD 121.2m)

- GBP10.4m spent for the share buy back. Since August, 2008 the Company has
pursued the effort of buying back its shares at a substantial discount to NAV
17.3% of shares have been bought and subsequently cancelled through the share
buy-back program.


Aloysius Wilhelmus Johannes van der Heijden, non-executive Chairman of the
Company commented:
"We have maintained our focus on developing the projects in our portfolio, which
at the current stage do not require debt financing and, despite a turbulent
market environment, have been able to demonstrate strong progress on all of
them."