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DUPD Dragon-ukrainian Properties & Development Plc

10.90
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Dragon-ukrainian Propert... Investors - DUPD

Dragon-ukrainian Propert... Investors - DUPD

Share Name Share Symbol Market Stock Type
Dragon-ukrainian Properties & Development Plc DUPD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 10.90 01:00:00
Open Price Low Price High Price Close Price Previous Close
10.90 10.90
more quote information »

Top Investor Posts

Top Posts
Posted at 24/7/2017 13:17 by centipede
I have been informed by my broker that
‘The Mandatory Cash Offer made by Dragon Capital Investments Limited (DCI) for the whole of the issued and to be issued Share Capital of Dragon-Ukrainian Properties and Development plc (DUPD) not already owned by the Dragon Capital Group, has become wholly unconditional on 18 July 2017. In addition, the Offer has been extended for acceptances.’

You can get various documents at:
www.dragon-upd.com/investor-information/important-information/rule-9-offer

Looks to me as though the offer significantly undervalues the company, and that DCI must not have got the 50% they need.
I am personally hanging onto my shares.
Posted at 12/6/2017 12:25 by sophia1982
It is also interesting that some very good investors have invested here and they have done nothing to defend themselves
Posted at 16/9/2013 12:27 by bluerunner
Strong but on investors chronicle with 57p target
Posted at 14/9/2012 12:14 by praipus
Ah ok thanks Hezza123, I like Ben Graham I've read "Intelligent Investor" and intend to read "Security Analysis" one day:-)
Posted at 14/9/2012 11:57 by hezza123
Hi Praipus. NCAV is, I believe, a Ben Graham-coined acronym for Net Cash Asset Value. Simply the result of deducting total liabilities from net current assets and dividing by total shares in issue. I don't buy every stock that passes the test, but it's a good starting point for further digging. Best performer for me this year has been PVCS, which still appears to have further upside, however I've since moved the funds elsewhere in search for larger safety margins.

I know nothing about the Ukranian, but I suspect/hope that the money's there for a very good reason!

hoveite: Noted. They're certainly confusing! The involvement of activist investors certainly trigger further investment ideas, but I'm more concerned with the deep value aspect. Things like director/activist buying simply provides a bit of reassurance I suppose!
Posted at 11/3/2011 23:28 by envirovision
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.
Posted at 14/4/2010 09:28 by dasv
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."
Posted at 19/1/2010 10:04 by dasv
TIDMDUPD

RNS Number : 7670F
Dragon-Ukrainian Prop. & Dev. PLC
19 January 2010

?
19 January 2010


DRAGON - Ukrainian Properties & Development PLC


("DUPD" or the "Company" and together with its subsidiaries, the "Group")


Trading Update


Dragon - Ukrainian Properties & Development plc, a leading investor in the real
estate sector in Ukraine, is pleased to provide an update on its operations and
results of its portfolio appraisal ahead of the full audited
financial statements for the year ending 31 December 2009, expected to be
released by April 2010.


Valuation and Financial Highlights:


* The value of the Company's portfolio was appraised by CB Richard Ellis and
amounted to USD 85.0 million as at 31 December 2009, indicating a 1.8% decrease,
compared to USD 86.5 (as at 30 June 2009). This is, mainly due to a decrease in
shareholding in the Avenue Shopping Mall project as described in the operational
highlights below.

* As in all previous periods, the Company's USD 120 million investment in its
landbank was not subject to appraisal, as the board has conservatively elected
to hold these investments at cost. * Cash, held in several leading European
banks, stood at USD 85.8 million as at 31 December, 2009.

* No bank debt at Company or Group level.


Operational Highlights:


* The Company is benefiting from the stablisation of real estate prices
and rentals during 4Q 2009. In addition, the market has witnessed the first
signs of recovery, evidenced by increasing demand for quality properties. During
the last four months of the year - the end of the sales season, DUPD has
successfully pre-sold 11 homes in its Green Hills project which will generate
revenues of USD 2.9 million for the Company, making Green Hills one of the most
successful residential projects in the market based on number of homes sold..
For 2010, we expect sales to remain strong for both Green Hills as well as the
Riviera Villas project, which has subsequently started its sales effort with its
first pre-sale (approx. USD 0.8 million) concluded in December 2009.

* The Company was able to realise its first sale in its commercial property
portfolio by agreeing terms of sale of its Ukrainian subsidiary (under Glangate
Ltd) that previously acquired land lease rights to a land plot in Sevastopol,
and recently completed development of project documentation and received a
construction permit. The subject property was sold to one of the leading local
retailers for USD 1.95 million, representing a 3% premium to the property's book
value as at 30 June 2009.


* Due to delays on certain deliverables by the Company's partner in the Avenue
Shopping Mall project, and given current market conditions, the Company decided
to exercise its option to cancel the share capital increase of USD 5 million in
Hindale Executive Investments Ltd, thus decreasing its stake in the project from
50.01% to 18.77%. These funds have been added to the Company's total uncommitted
cash balance and are available for new investments at the discretion of the
Company's Board.


* On 24 December 2009, the Company successfully received project documentation
approval from the Kyiv Architectural Council on one of its largest projects
- Obolon Residential Towers, and submitted the project documentation to the
State Detailed Expertise for final approval. Management expects to complete the
pre-construction stage of the project development and to receive a construction
permit in March-April 2010.


Chris Kamtsios, Senior Partner & Managing Director of Dragon Capital Partners
Ltd ("DCP or the "Investment Manager") commented:


"Being completely debt-free and having a substantial cash balance, we are able
to concentrate on proper and timely execution of our existing projects and not
deviate from our initial strategy of setting new quality standards for the
Ukrainian real estate market. Our focus on quality coupled with advanced stages
of project documentation and permitting processes on most of the projects in our
portfolio will allow the Company to take advantage of the market revival, which
we expect to continue during the course of the year.


"At the same time, we keep working on assessing various opportunities to invest
into properties that match our investment criteria and are already operational
or require reasonable levels of financing to complete the final stage of
construction."
Posted at 18/9/2009 10:03 by envirovision
Yea no problem bye. Also note ELQ Investors Ltd increased their stake, so the significant share holders listing is now out of date, obvously i dont have the time to examine the register on a daily basis, but i would say Artios state street nominee adjustment of 580,000 shares were clearly purchased by private buyer.

You should note also the directors have significant interest in shares.
Posted at 17/9/2009 22:43 by envirovision
What you saying "funny" I note the price was driven up today in particular three buys, by two 50k trades and an earlier 30K trade buy. Now call me simple but i have been monitoring this stock for the last 4 months. Now its pretty regular (2/3 times in a week) you will see a few 50K buy or a 100K buy and the price not move then later in the day or the next day you will see a matching sell and you will think ahhh thats why. Well last friday monday, tuesday and yesterday i've seen the odd 50 or 100K trade buy but no corrosponding sells. So i take all the glory here thankyou very much. Its me, theres been no one else on the thread and its all down to me, take a look at the history. You will see I am at the centre of the growing interest. I make no bones about it, i have talked to other fellow investors on other threads i follow, they know me and my long standing research in DUPD and it is all thanks to me that they are here. Other than that theres no conspiricy here dav and i'm afraid if your not in here then your not in and if you are in then you have made a wise investment, because at these level (as the board have also pointed out) no matter what happens, come what may, sooner or later you are going to make money, because theres such scope for the share price to appreciate. Question yourself, Why? because based on underlaying fact!

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