Dragon-ukrainian Propert... Share Price (DUPD)

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Share Name Share Symbol Market Type Share ISIN Share Description
Dragon-ukrainian Properties & Development Plc LSE:DUPD London Ordinary Share IM00B1XH2B90 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 10.90 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
9.70 12.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 2.49 2.35 4.5 12
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.90 GBX
Related Shares
Unite (UTG), Alpha (ALPH), Mena Land (MENA), Dukemount Capital (DKE)

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Date Time Title Posts
03/5/202021:25Dragon Ukrainian Properties and Development388

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Posted at 27/1/2023 08:20 by Dragon-ukrainian Propert... Daily Update
Dragon-ukrainian Properties & Development Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker DUPD. The last closing price for Dragon-ukrainian Propert... was 10.90p.
Dragon-ukrainian Properties & Development Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 109,361,515 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Dragon-ukrainian Properties & Development Plc is £11,920,405.14.
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Posted at 27/4/2020 22:20 by rjmahan
Post on this - can everyone who is paying attention please vote No at the EGM ?

10p a share is under half NAV.

hTTps://deepvalueinvestments.wordpress.com/2020/04/27/dragon-ukranian-property-vote-no-at-egm/

Cheers
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Posted at 24/7/2017 12:17 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.
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Posted at 12/7/2017 11:01 by sophia1982
The circular does not contain any major detail.
However, it is good that the BOD is telling shareholder how undervalued DUPD is.
I think they are trying to put pressure on Dragon to raise their offer.

Reading through the circular, it would seem that a 30% premium to the undisturbed price would be not great but at least more acceptable. That would imply at least an offer of 18p.
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Posted at 11/7/2017 17:21 by jbfnfn
Whats going on?

RNS on 29/6 said

The Independent Directors will be writing to DUPD shareholders with its formal response to the Offer Document in due course and by no later than 10 July 2017

RNS today 11/7

"Independent Directors" now expect to be writing to shareholders later today with its formal response to the Offer Document. A further announcement will be released when this is published.

The price is up today any guesses why?

I have few of these, but I bought at 20p+ so I'm underwater.

I'm just a penny punter but I wonder if I've missed some information somewhere?
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Posted at 03/7/2017 15:33 by centipede
The results for the year ended Dec 2016 indicate a Net Asset Value of 47.7 million USD – roughly equivalent to 37 million £s. (HTTP://dragon-upd.com/files/DUPD%20_Financial%20statements%20FY%202016%20Final%20RNS%20version%20CLEAN.pdf).

There is no leverage, and a cash balance of 7.8 million USD.

The Offer from DCI ‘values the existing issued share capital of DUPD at approximately GBP16.4 Million’

Why would any shareholder take less than half the value of the company, given that there is also no debt and a positive chunk of cash?

I suppose the key is how much the company is actually worth. Hopefully the directors will be telling us soon.
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Posted at 03/7/2017 14:31 by centipede
Hi sophia1982, all I have is the notification sent by my broker - see below. I assume that my broker received the document and that they simply copied the relevant bit/s.

The tone is somewhat threatening (by implication at least) - using terms such as 'mandatory', and saying that the offer only holds until they have got control of 50%. They're also negating the impact of the dividend by saying this will reduce the 'offer'.

The offer comes from DCI (NOT from DUPD), and I also see that the independent directors of DUPD say that:
"The Independent Directors will be writing to DUPD shareholders with its formal response to the Offer Document in due course and by no later than 10 July 2017.
DUPD shareholders are strongly advised to take no action for the time being.Further announcements will be made as and when appropriate."

Again, this all seems dishonest to me. Write down the company assets, then buy it cheaply.

I wonder if any 'pressure' is being put on the independent directors?



"MANDATORY CASH OFFER
The Board of Dragon Capital Investments Limited (DCI), a wholly owned subsidiary of Dragon Capital Holdings Limited
incorporated in Cyprus, has announced that it has increased its Mandatory Cash Offer 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. The Offer values the existing issued share capital of DUPD at approximately GBP16.4 Million. The Offer remains
subject only to an acceptance condition at a level of DCI needing to acquire or agree to acquire (whether pursuant to the
Offer or otherwise) DUPD Shares representing more than 50 per cent of the voting rights then normally exercisable at a
general meeting of DUPD. If any dividend or other distribution is authorised, declared, made or paid in respect of DUPD
Shares on or after the date of this announcement, the Offer Price shall be reduced by the amount of any such dividend or
other distribution.
Terms: GBP0.15 per DUPD Share.
If you would like to accept the Offer, please notify us by secure message or telephone no later than 5pm on 11 July 2017."
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Posted at 01/6/2017 13:55 by rjmahan
Hi Sophia - he already had a pretty significant stake, with buying at 13p he can always sell to the company if they dont offer more than 13p....
I did the same thing - in smaller size :-(

hTTps://deepvalueinvestments.wordpress.com/2017/06/01/dupd-almost-free-put-option-on-offer/
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Posted at 18/5/2017 21:07 by sophia1982
They seem to understate their assets...

The landbank near Kyiv has now been impaired by perhaps over 90%.
The market values the illiquid Arricano shares at 84m.
They give it a haircut of 70%.
I do not understand.

Or.. there is only one possible way to understand it:

16. Events subsequent to the reporting date

On 23 February 2017 the Company received notification from Dragon Capital (which together with the Company's Investment Manager DCM Limited is a part of Dragon Capital Group) that on 21 February 2017 Dragon Capital purchased 4,674,460 ordinary shares at a price of USD 0.13 per ordinary share. Following this share purchase, Dragon Capital Group holds 24,107,589 shares representing 22.04% of the issued share capital of the Company.
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Posted at 26/4/2017 11:15 by hugepants
I've bought some of these recently at prices in the 13p-15p price range. The manager has been buying shares at around 13p and I assume have temporarily stopped because the company is in a closed period. Results must be imminent?
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Posted at 19/4/2017 20:50 by rjmahan
Hi Sophia - I only tend to post when I have something meaningful to say and not much has happened other than they paid out some cash.

I wouldn't judge that an impairment means the landbank is undervalued - rather it was overvalued in the first place. These are not 1 big plot - lots of smaller plots (I think). You should remember they charge fees based on NAV - so its in their interest to overstate.

I wouldn't be too surprised if there was a lowball bid - but I got in at a lowball price - so all is good to me!
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