Dukemount Capital Share Discussion Threads

[market master] 16/10/2018 12:30

I'm still holding and believe the BOD will deliver. Think the sellers are done now and they buyers will be paying up and over when news lands.

[choppedfried] 16/10/2018 12:17

Well Scotch...you still here....or sold up like the smart money has?

I followed your lead and wrote to this Nanson chap...who wrote back (see below)

Anyone saying the planning process is nearly done is talking complete BS in my view


There is flexibility within the planning process to agree extended deadlines with applicants to allow issues which arise during the planning process to be resolved. The revised National Planning Policy Framework (NPPF, 2018) requires Local Planning Authorities to approach decisions on proposed development in a positive and creative way… and work proactively with applicants to secure developments that will improve the economic, social and environmental conditions of the area. Therefore the LPA is working flexibly and proactively with the applicant in this case in accordance with the requirements of the revised NPPF (2018).


As the LPA is still working with the applicant on these issues I am unable to confirm an accurate determination date.

Regards,

Joseph Nanson I Planning Officer – Development Management
T: 0151 233 0286 I E: [e-mail]

[scotchoverice] 01/10/2018 14:56

problems in liverpool?

just had an exchange with the planning department...would be helpful if the board had the courtesy of explaining themselves to shareholders..


I am the case officer for the above application. As you are not listed as the applicant or agent on the application the details I can provide to you regarding the application are limited. Discussions are ongoing with the applicant regarding some matters which require clarification with the application, whilst these discussions have been productive they have not yet concluded and consequently I am unable to give an accurate date for determination of the application.


Kind regards,

Joseph Nanson I Planning Officer – Development Management
E: [e-mail]

[scotchoverice] 15/9/2018 23:13

Choppy
I was going to call you a pessimist but you might be onto somethingWhere is the pipeline, the deal flow, the city contacts
The JV company has no cash
DKE has no cash
None of this adds up - the share prices dwindles to sh1t...and the board are silent & invisible
This is not a business

[choppedfried] 14/9/2018 00:02

More value erosion today
Seems to me the board are asleep at the wheel
Remember they were, according to their laucch docs, meant to be signing £300m property assets per year...
Complete BS
They have no money
New jv partners have no money
So unless thre is a masterplan ...this is a dead duck

[choppedfried] 11/9/2018 20:09

know what you mean scotch, so much ambiguity. Just read poorman on lse and he seems VERY close to the company and he knows SFA...

Done a bit of digging on our JV partner, RASCASSE DEVELOPMENTS LIMITED
Company number 08630042 - but they're up to their necks in debt and have about £10k in the bank...not sure how this helps

[scotchoverice] 11/9/2018 12:29

So quiet
Thought we might have had some clarity around the new JV..there mus be some reason and logic ....doesn't make sense if it is just to sit on their hands and whistle dixie..and what was that about a fall out between the board and he investor...what happened there?

[thehumbleinvestor] 06/9/2018 06:58

VERY STRANGE NEWS FROM OUR NO3 INVESTOR

I don't know what happened, but I received the oddest communication last night from our significant investor.

It seems it had a major tiff with someone of his dissatisfaction with boardroom comms & decided to walk, telling the company he would be out by Xmas.

Seems like this weeks RNS has calmed him down...so he is not selling up after all

I can only think he was telling me this to post it here

OVER & OUT

[notable] 03/9/2018 15:12

JV announced today which should help them with acquisitions. Nice big name in the JV partner as well. Darryl Eales has huge investment experience as well as what i can see property development experience mainly in the Midlands. Good partner to have and who will hopefully help move this forward

[scotchoverice] 24/8/2018 09:31

Ha Choppy -
Very funny ..NOT
What do you know that others don't?
I know the Liverpool City Council planning process isn't due to deliver a decision until Sep 24 - I called them planning dept up and asked myself!
But I agree the cash position, the purported funder who was alluded to has vanished faster than you can say Kassam Stadium...
Is something rotten in the state of Denmark?
Out investor doesn't appear to have sold any material stock...perhaps he still has confidence or perhaps he is trying and their is no liquidity?

[choppedfried] 23/8/2018 23:47

Has the model broken?

According to the original business plan and listing presentation, DKE should have £400m of property assets by now....it hasn't got £400!!

They have missed every target, deadline and objective. The mythical funder has vanished. And their shareholder comms are very poor.

And they are almost out of cash

Run for the hills..

[market master] 17/8/2018 12:34

Very difficult to buy in size on line

[scotchoverice] 16/8/2018 22:47

Me too...expect him to release an RNS to clarify..

[futuredlighter] 16/8/2018 22:17

i dont know Market M

I have a feeling he is letting a few of them go

[market master] 15/8/2018 08:02

I doubt it he seems to have taken a long term view on this one. I think it's just pi's selling as they are getting bored. I still have my load and will be topping up if the price gets lower.

[scotchoverice] 15/8/2018 06:30

Could be a treeshake...maybe the MMs are trying to get stock? There is someone selling tranches in 1million blocks...is it our investor getting cold feet?

[ivor hunch] 09/8/2018 09:19

Bad drop this morning - any reason?

[choppedfried] 08/8/2018 09:22

Ivor,
It's not about lack of progress
The planning application process is all public domain stuff - and the process has to run its course
It would just be good if the company was upfront and managed expectations accordingly

[ivor hunch] 08/8/2018 08:48

I agree. it is very bad that a FTSE quoted company, rather than an AIM company, can keep its shareholders in the dark for so long. Surely some sort of RNS outlining progress (if any) and a likely timetable should be issued.

[choppedfried] 06/8/2018 17:16

well then...

i called Liverpool city council today and spoke to the planning department to find out where we are up to in the process of getting planning permission granted..

they informed me, and this is public domain stuff, a decision is not due

UNTIL

24/09/2018

and often these timings overrun...


So that's a tad disappointing...

more disappointing is the BOD don't feel any need or responsibility to keep shareholders updated and manage expectations accordingly

Come along chaps - this isn't rocket science, it's just minimum standards of corporate etiquette

If you need me to do your PR...let me know to whom I should send the invoices.

[choppedfried] 29/7/2018 23:06

There will be news tomorrow, or thursday or there won't be any news this week....then repeat for each subsequent week imho

[choppedfried] 29/7/2018 10:33

Whatever happened to the mythical funder? So secure they can't / won't name the person/group...

[scotchoverice] 28/7/2018 20:46

Planning Explorer
Details Page for Planning Application - 18F/1757
Site Address25-27 South Drive Wavertree Liverpool L15 8JJ

Application Progress Summary
Application Registered29-06-2018
Comments Until02-08-2018

Still open for comments until Thursday

[scotchoverice] 27/7/2018 08:49

I heard a rumour that Mr Gazzard has either been kidnapped, bound and gagged and is not capable of speaking, or he has scarpered like Reggie Perrin

[choppedfried] 26/7/2018 17:38

Any idea WHICH August?