Ducat Ventures Share Discussion Threads

[adh0] 30/3/2004 09:08

Bit of a nothing set of results. Guess its another 6 month wait now then. £2 seems a very long time ago. Can anyone remember 4p when Stainforth joined, that is abouth £11 in todays money!

[maut too] 30/3/2004 07:39

AFX UK Focus) 2004-03-30 08:21 GMT:
Durlacher H1 profit up as turnover jumps 72 pct - UPDATE

Article layout: raw
(Updating with further details)

LONDON (AFX) - UK investment bank Durlacher Corp PLC, which is emerging from an extensive restructuring process, said gross profit from continuing operations increased to 1.898 mln stg from 1.231 mln as turnover jumped 72 pct to 2.227 mln stg in the first half to Dec 31.

"The restructuring of Durlacher is largely complete ... and we believe we have the right business model and the right team of people to take full advantage of the improvement in market sentiment," said chairman Tony Caplin.

"It has been a busy start to the second half of the financial year with a significant amount of the investment banking pipeline being successfully realised and replaced with new opportunities," said Caplin, adding that the bank looks to the future with optimism.

In the first half, the loss on ordinary activities after tax widened to 4.040 mln stg. This included a loss on discontinued activities of 1.321 mln, notably from its private client stockbroking business and the nothingventured.com business sold to Charles Stanley Group PLC during the period.

The loss per share on continuing activities before exceptional items narrowed to 23.29 pence from 64.12 pence and the group said it will omit its interim dividend.

During the period, Durlacher bought for 3.25 mln shares, the entire issued share capital of web-angel PLC, a cash shell with a net cash balance of 2.7 mln stg and divested its stake in Online Travel PLC and some other investments, realising 1.9 mln stg in cash and a small net loss on continuing ordinary activities of 58,000 stg.

This month the group completed a 10 mln stg placing and open offer to provide additional working capital and fund the growth of its investment banking business.

The balance sheet has improved significantly since the period end following the placing and open offer, said Durlacher.

The group, which had a market capitalisation of some 2 bln stg at the height of the internet bubble, still owns a number of investments from its previous activities, all of which have been written down to 1 stg each.

"There remains the possibility of realising value in the future from these investments which we continue to monitor closely," said Durlacher.

At yesterday's closing price, Durlacher had a market capitalisation of around 26 mln stg.

acb/cw

[maut too] 30/3/2004 06:45

Durlacher Corporation plc

Interim Results for the Six Months ended 31 December 2003


Following a restructuring of Durlacher Corporation plc and its subsidiaries
(together the 'Group' or 'Durlacher'), the Group is now focused on providing
investment banking services to the UK small to mid-cap listed and unlisted
business sectors. This includes primarily Corporate Finance, Institutional
Broking, Equity Research, Market Making and Fund Management services.



As indicated in the statement of 29 January 2004, the restructuring undertaken
in the period reported means that the current business is structurally different
today than that during the period reported and as such bears only some relevance
to that stated below. Notably, these results contain three and four months'
respectively of losses from the private client stockbroking business and the
nothingventured.com business sold to Charles Stanley Group plc during the
period. Therefore, the results below contain the costs associated with the
sales and not all of the benefits.



HIGHLIGHTS

• Significant restructuring of the Group completed with business now
focused on traditional UK investment banking


• Continuing turnover increased by 72% to £2.227m (2002: £1.296m)


• Continuing gross profit £1.897m (2002: £1.231m)


• Loss per share on continuing activities before exceptional items
23.29p (2002: 64.12p)


• Corporate clients have increased to 32, equity research team covering
over 80 stocks and market makers active in more than 50 equities


• Sale of private client stockbroking business and nothingventured.com
to Charles Stanley for a maximum consideration of £4.5m


• Sale of stake in Online Travel plc for £1.8m


• Acquisition of web-angel plc for 3.25m shares


• Successful post balance sheet placing and open offer raising £10m
before expenses, attracting significant blue-chip institutions


• Trading outlook improved, with strong pipeline of new business - both
in numbers and scale



Tony Caplin, Chairman, said:


'The restructuring of Durlacher is largely complete and we believe we have the
right business model and the right team of people to take full advantage of the
improvement in market sentiment. It has been a busy start to the second half of
the financial year with a significant amount of the investment banking pipeline
being successfully realised and replaced with new opportunities. We look to the
future with optimism.'




oldolie - 26 Mar'04 - 08:40 - 48 of 48 (Filtered)

[maut too] 26/3/2004 08:39

ticking up on the bid with little trading actually showing - nas up 3% helps plus the good results from evg yesterday

[maut too] 23/3/2004 09:49

received my share certs this morning - from the placing - got just over half the number requested and making an instant profit ... will sit on them for a while and see how they develope the business. Current price 129/130p - tight spread

[maut too] 19/3/2004 15:21

Still ticking up on modest vol - not received any share certs yet but they have cashed my cheque ...






oldolie - 19 Mar'04 - 12:28 - 44 of 44 (Filtered)

[maut too] 19/3/2004 12:22

ticking up this am

[maut too] 16/3/2004 13:31

:-((

130p to buy in the market at touch

[wanchope] 16/3/2004 13:23

maut too,fraid not.may have done just to average down,if i had any spare cash.

[maut too] 16/3/2004 10:12

but did u buy them ? ... you could have applied for any number u wanted

[wanchope] 16/3/2004 10:07

william,i own 22 and was offered 2 shares and they are held in a nominee account!!!!!!!!!lol.

[orvil] 16/3/2004 09:48

Posting of ProspectusFurther to the announcement by
Durlacher Corporation Plc ("Durlacher" or the "
Company") on 29 January 2004 that it is raising a total of up to approximately
#10 million (#9.5 million net of expenses) by way of an institutional placing
and a 1for 10 open offer, the Company now announces that it is posting a
prospectus containing details of the placing and open offer to Shareholders
today ("Prospectus").

This means that the 1for10 was an open offer-the one they say is scaled back.

[blackrabbit] 16/3/2004 08:47

As I understand it, only the additional shares applied for, (not the 1 for 10 "rights"), will be scaled back by a factor of 1.92 times. For example - if you applied for an additional 5000 shares, you should receive 5000 divided by 1.92 = 2604 plus your original "rights".

[orvil] 16/3/2004 08:36

open offer was oversubscribed and RNS saya scaled back 1.92 times. I am not sure what this means as the 1 for 10 seemed to be a right it was only the additional ones subscribed for that could be scaled back.

[maut too] 16/3/2004 07:54

SHOULDNT DO - MAYBE YOURS WERE HELD BY NOMINEEE

[william-just] 16/3/2004 07:37

strange i have 17 pf thease and i didnot get the right to by my 1 for 10 held
is this wot hapens to the little fish (verry long term holder)

[maut too] 16/3/2004 07:32

I held a few shares and applied for many times my official allocation and get about half what I applied for - seemed a relatively cheap way in


Corporation PLC
16 March 2004


Embargoed until 7.00 a.m.

16 March 2004



Durlacher Corporation Plc


Result of Open Offer - oversubscribed


Durlacher Corporation Plc ('Durlacher' or the 'Company') is pleased to announce
that at the close of its Open Offer to Qualifying Shareholders of up to
1,139,366 Open Offer Shares at 3.00 p.m. yesterday, applications had been
received from Qualifying Shareholders for 1,631,328 Open Offer Shares. The
applications comprised applications for 604,395 Open Offer Shares on the basis
of 1 Open Offer Share for every 10 Existing Ordinary Shares held and excess
applications in respect of 1,026,933 Additional Open Offer Shares. As a result,
applications for Additional Open Offer Shares have been scaled back by a factor
of approximately 1.92 times in accordance with the terms of the Open Offer.

The 1,139,366 Open Offer Shares have been allotted by the Board of Directors of
Durlacher and it is expected that the Open Offer Shares will be admitted to the
Official List of the UKLA and to trading on the London Stock Exchange's market
for listed securities with effect from 8.00 a.m. on 17 March 2004.

Following Admission of the Open Offer Shares, the Open Offer and the Placing,
which completed on 2 March 2004, will have together raised approximately £10.0
million (gross of expenses) for the Company.

[adh0] 12/3/2004 14:57

Probably best to wait until the results are out for an informed decision. Golden Sachs have just bought about £1m worth on the open market which implies the placing was oversubscribed, but the price is languishing so who knows? Things should be clearer in April, come back then I suggest.

[bullandbear] 12/3/2004 11:33

any ideas on the progression of this company.. They must be doing better now and surely as the market picks up this type of company will start to make more money... must be a good buy at these levels... well thats what was said about seymour pierce, thats until they took everything private.. bunch of crooks they are ..

[targatarga] 10/3/2004 11:03

latest time for receipt 3pm on 15th March.

[heaven] 10/3/2004 10:54

I think the offer date is 15th March.

[reval] 10/3/2004 09:15

Niave and not visited this site yet, however have got open share offer to subscribe for as many shares I would like at 125p to be in by the 16th march----advice please anyone ?