Dukemount Capital Share Discussion Threads

[cudmore] 08/11/2018 09:21

Those that know piling in here. RNS imminent imho.

[letmepass] 08/11/2018 09:05

Can see this at 1p soon enough. We have momentum

[cudmore] 08/11/2018 08:55

Letmepass is here. Expect a 60-70% rise then 😆

[letmepass] 07/11/2018 16:13

So much rubbish twitter news by the same goons. Totally pumping. GLA

[ivor hunch] 01/11/2018 18:54

It must be quite fun writing about yourself in the third person. Quite regal really.

[reachforthestars] 31/10/2018 20:15

Once the housing associations start leasing from the duke does that money then stay with us or do we bundle it onto another party (or part of) if so has that part of the deal been sorted out. I guess what I'm asking is once this exchange of contracts has been done for this inclusion deal and they do the refurb, get the tenants in is that particular deal sorted (for the next 30 years).

I've heard this talk of institutions before probably on one of the earlier duke videos but thought it was in the transaction cycle (somewhere) of each deal but now wondering if they meant financial institutions gaining access via the stock market & buying holdings via the share price So rather confused. Anyone able to clarify.

[jonwig] 31/10/2018 14:59

@ THE HUMBLE - thanks for reply, and for the charts, always useful to view.

I accept that you're better-informed than I am here, and I'm interested to follow progress. I don't intend buying, though!

[thehumbleinvestor] 31/10/2018 13:15

I am assured the full listing is to make its long-dated capital propostion accessible to institutions - once the scale is in place

[thehumbleinvestor] 31/10/2018 13:10

yes, it's loss making for now, because it has no revenues...but that should change very (very) shortly

in terms of dilution - the company has committed to not issue more capital save for the 30% authorised last year - of which the CEO seems to have a large entitlement

in terms of directors pay, this has been capped at £200k p/a for all directors...

the tightness of the market is what is likely to send the share price soaring...in the view of those in the know (i speak regularly with the 3rd largest holder who is not an insider but holds 15% of the company)

[jonwig] 31/10/2018 12:49

@ THEHUMBLE - interesting, yes, why a full listing?

Charts in the header would be useful. Just edit and paste this:



An immediate problem: today's largest trade (400,000) would cost just £1,360, so getting a decent size might be difficult. NMS is 200,000 so you might find it hard to trade on some days.

Quite a bit of research needed I think: for instance, how can directors squeeze enough cash for themselves? (Believe me, that's top of their list!) Institutions? They won't get out of bed for the sums involved here. Lots of further fundraisings ahead? And then it's lossmaking.

Here's a website:

[market master] 31/10/2018 12:33

Looks like our investor has got his wallet out :-)

[thehumbleinvestor] 31/10/2018 12:16

Dukemount Capital is a tiny little property company. Tiny.
Its market cap is barely £1m and shares are trading close to a year low.
Not much to get excited about...

Except

It has an interesting dual focus - assisted housing provision & long-dated income for pension funds

And it has attracted the attention of Darryl Eales (one time Chairman of Oxford United & serial inventor/entrpreneur) who now sits on the board of one of Dukemount's subsidiaries - DKE (Midlands) as a consequence of a JV with one of Mr Eales smaller ventures, Rascasse.

And yesterday, it's second property in Liverpool Wavertree received planning consent from the council, a decision that should trigger the property transaction in conjunction with Inclusion - a serious provider of assisted living accommodation throughout the UK

The business has been slow getting its model off the ground, but the commentary now is that it seems to have refined the process, got a financial backer (Eales?) and has a pipeline of c 12 properties under consideration

The shares are held tightly - the top 3 holders owning over 53%...and the major holder is Mr Dart the Chairman/CEO...Always good to see the head honcho having serious skin in the game

More curious for investors - this tiny little company is not on AIM - it is a LISTED company- it is on the FTSE Official list....now, why go to all the extra bother and cost? Maybe because to attract the institutions to work with you, you have to be on the main market..

Trading at 0.35p with a low free float and down from a high of 0.65p just 3 months ago..with positive newsflow starting...this could double over the next 2-3weeks. Beyond that? Optivia had an £8m valuation out last year (2.3p) but £8m for a property company? Any clarity on their access to capital could have a profound impact on the share price and a £15m - £25m valuation is entirely feasible in the next 12 months (4.5p - 7.5p)

All in my opinion..and DYOR!FOLLOWFEED

[thehumbleinvestor] 31/10/2018 11:12

Chopped...I am asked to ask you not to call our friend Mr Grumpy
Seems he is a good deal happier with the world this morning. His precise words were "At last!"

He tells me he has been nibbling a few shares this morning and that in large part he concurs with your 5 points plan. Especially point 1. He is of the belief that the thing that will spark life and noise here...and the herd...is visibility of a £20millon line of credit

It is insufficient to rely on Mr Gazzard's formless "financial partner" - this, in his view must be articulated expressly & substantively..

The next RNS may well be a new holdings notification, but though I asked him specifically on this point, he declined to commit a position

[choppedfried] 31/10/2018 08:56

Now then Humble, here are some thoughts to share with Mr Grumpy (though perhaps he is a little more serene today?)

The big news in the sector is the government loosening the purse strings for local authorities to use their capital reserves and borrow to build houses....the pace is going to pick up....the involvement of Darryl Eales (Rascasse) should not be understated...he is a serious player...and there must be some method in the Rascasse madnesss

There are 5 transformational steps to come...

1. Mr Dart brings a serious line of credit to the DKE table - to fund acquisitions
2. Mr Gazzard publishes a pipeline of transactions (substantive enough to give investor confidence, sufficiently nondescript to protect commercial & competitive sensitivities)
3. A series of new transactions in quick succession - I'd say, one a month for the 6 months following the line of credit becoming visible
4. Expansion of the DME plc team - perhaps with Mr Eales joining the main board & a fulltime CoSec who doesn't have a Tesco mobile phone and answers/returns calls
5. Visible & sustained revenues

The road is taking longing to traverse than anyone anticipated. But what is good for everyone to see: Mr Dart is delivering on his word - so, frustrations aside Mr Grumpy - there is every reason to remain & renew positivity and confidence...

Now let's start counting 1-5...

[dijon52] 30/10/2018 18:45

Planning permission granted. Fantastic news ?

[choppedfried] 30/10/2018 14:24

Ah well...on the money today...

[market master] 30/10/2018 14:21

Dukemount Executive Chairman Geoffrey Dart said, "I am pleased to be able to announce a successful planning outcome on our second acquisition in North West England. I anticipate a smoother flow of updates in the coming months"

[choppedfried] 30/10/2018 10:42

SOMETHING IS AFOOT

From Liverpool City Council...

Application Progress Summary
Application Registered29-06-2018
Comments Until02-08-2018
Date of Committee30-10-2018

There is a committee today, perhaps clarity on the Wavertree project is coming at last....seems it should be positive....given they have held back moving until matters were clarified..

Might also explain Humble's comments on DKE withdrawing the insider offer - perhaps everything will be in the public domain in very short order...

[market master] 29/10/2018 21:27

I hope he continues to buy up to 30% and gets a seat on the BOD. The planning permission committee in Liverpool meets tomorrow. So RNS is imminent.

[thehumbleinvestor] 29/10/2018 18:43

My takeout was that he is no mood for buying...but you never know...perhaps he will double his stake to 30%?

[market master] 29/10/2018 11:55

There could be plenty of share price activity if that is the case. Gary Carp may start to add to his 15% holding to gain more firepower i the voting?

[thehumbleinvestor] 29/10/2018 11:10

TROUBLE AT (FORGE) MILL?

Well well well....our 15% investor seems to be in a bit of a spat with the board.
Just come off a most curious phone call.
It seems our friend is most discontented with the lack of transparency with the board and its lack of delivery and lack of communications..

Did you know..that other than Dukemount plc - there is DKE(Northwest) DKE (Wavertree) DKE (Midlands) - the JV with "penniless" Rascasse and since Oct 8th DKE (Forge Mill) a subsidiary of DKE Midlands (and possibly connected to the Forge Mill property in West Bromwich)

It seems our shareholder has been vacillating between duping his holding or remaining involved...to this end the company appears to have offered to make him an insider (something he says he was not initially enamoured by) - and then both parties changed their minds.

Also he seems to think the Rascasse RNS was triggered prematurely by him writing directly to Darryl Eales to confirm/deny a rumour he was somehow getting involved with DKE...He would explain how or where the rumour came from but he did indicate it was someone "in the know" (one might say obviously given the rumour proved correct)

Anyway - I can say he was a little irritated this morning and is muttering something about resolutions to try and remove directors - PG & TlD - at the AGM.

What a mess. To think DKE should have, by its own plans, £500m of property in its portfolio by now....and it has lots of £50 companies set up, a dwindling financial base, 2 deals it hasn't managed to do anything with, a mythical pipeline but no action, a partnership with a cashless entity and a board that seems not to care for shareholders. Our friend may have a point, but there again, the company might be about to pull some huge left of field rabbits out of their hats and surprise everyone..

Going to be an interesting month ahead