Dukemount Capital Share Discussion Threads

[zxie] 03/10/2023 08:44

the viability of any future transaction by exploring further funding into the Company alongside the appointed broker to enable the 2023 accounts to contain an auditor going concern statement that is not qualified. In the meantime, on 11 September 2023 the board elected to drawdown an additional GBP40,000 net proceeds from the previously announced long-term facility on 11 October 2022 to provide further capital for on-going costs.

[zxie] 03/10/2023 08:43

0.50p soon

[zxie] 02/10/2023 16:05

RNS on the way

[zxie] 02/10/2023 12:08

Moving now Good news leaking

[aberloon2] 18/9/2023 12:30

A £20k buy is an interesting punt on uncertainty...

[pwhite73] 14/9/2023 11:46

RNS 12/09/2023 - "Following the designation of the Company as a SPAC"

Who re-designated them as a SPAC. It certainly wasn't the London Stock Exchange.



"Sector: Real Estate Investment and Services Instrument:1 Market cap: £0.79m"

They are still a real estate company. A SPAC is something completely different.

As far as I can see nothing has changed. If they want to move to another sector they require a prospectus. Due to rule changes if they wish to remain listed on the main market they must have a capitalisation of at least £30 million.

[avenue_of_revenue] 13/9/2023 19:22

# Trades 244
Vol. Sold 32,902,927
Sold Value £40.00k
Vol. Bought 66,027,505
Bought Value £84.39k

Interest growing as more PIs learn of the lifting of suspension and adding to their holdings. Like DISH and ITS this has potential to multi bag and very quickly too.

[tomboyb] 13/9/2023 15:49

£6mill sounds reasonable -

[pwhite73] 13/9/2023 15:37

Yes the listing was due for cancellation that I am 100% sure of. However they've managed to persuade the FCA to lift the suspension so they can draw down the final £40k which may facilitate them to find a £30 million RTO or more likely pay Peterhouse to move them to the AIM. Peterhouse are also an AIM nomad. The 30 million is only if they wish to remain listed on the main market. I think its £6 million for the AIM.

[zen12] 13/9/2023 13:18

Note you are changing your tune again..cos you were saying they're listing will be cancelled and won't re-list. So rather find another excuse, why not just admit you get this wrong!

[pwhite73] 13/9/2023 08:37

In yesterday's RNS they told investors they intend to drawdown the remaining £40,000. That's exactly where the sells are coming from. This is going lower and this will be suspended again after its failure secure £30 million investment. Treat the lifting of the suspension as a lifeboat for everybody, directors and shareholders.

[1savvyinvestor] 12/9/2023 09:36

Barely given that rns!

[aberloon2] 12/9/2023 08:46

There is still some life here seemingly...

[pwhite73] 08/9/2023 07:39

DKE is still suspended because the FCA are tightening the regulations for standard listed companies. Standard listed companies don't have a financial regulator unlike AIM companies that have a nomad. This is why so many frauds or dodgy companies prefer a standard listing as opposed to an AIM listing where the nomad is ultimately held responsible for ensuring regulatory compliance.

The FCA are doing away with the Standard and Premium listings and will replace it with a single category called ESCC (Equity Shares in Commercial Companies).

A standard listed company will need to find a financial regulator or join the AIM. Given DKE technically does not exist as a commercial concern it is unlikely to find a financial regulator or nomad and is expected to be removed from the London Stock Exchange like many other standard listed companies that have no real commercial business but exist solely to fleece PIs.

[troutisout] 16/6/2023 08:59

Published today, negative assets, very little cash, Chesterfield having to convert at 0.65p the price they sold their shares and loaned the money back (it would be very dodgy on Geoffrey if they converted at anything less than that price). It really doesn't mean the share price should be 0.65p, the other lenders are getting converted at nominal value 0.1p...
Some seem confused by the £30m RTO rule, it means the Company subject to the RTO must be worth at least £30m, if DKE do RTO with someone the dilution will be massive on existing DKE shareholders. They will end up with a neglible slice of the pot and may well be then diluted out by a share consolidation. Caveat Emptor!
There were a lot of traders hyping this before suspension, I expect them to continue on any relist, a pump and dump of massive proportions so watch out.
How much is DKE worth negative assets of about £1.5m and an LSE listing, how much would a listing cost at the moment, when IPOs are scarce and so fees will be keen by advisers/brokers. DKe isn't even in the Energy sector so that would need to change and a prospectus would be needed to do that. They will need more cash to continue....

[aberloon2] 09/6/2023 11:58

From this mornings RNS, Following the publication of the Annual Report, the Company is in dialogue with the FCA regarding lifting the suspension of trading in its shares. Good luck to all shareholders.

[pwhite73] 24/5/2023 15:11

FINTECH from LSE - "Cause has been shown why the above company should not be struck off the register and accordingly the Registrar is taking no further action under section 1000 of the Companies Act 2006 pursuant to the Notice dated 03/05/2023 I wish I knew specifically “the cause which was shown”"

Annually all companies have to file a Confirmation Statement if they don't they will be struck off. DKE filed a Confirmation Statement on 20/04/2022 by 20/04/2023 none was filed so moves were made to strike off the company. They filed a Confirmation Statement on 03/05/2023 so the strike off was removed.



This has nothing to do with the accounts that have still not been filed and the prospectus required to move from the property to the energy sector.

[sianna1] 05/5/2023 14:27

Who's the clown chaiwalla

[pwhite73] 08/4/2023 09:02

I see nonsense talk on LSE chat has resurfaced about 30 April 2023 not being the deadline for full year accounts. For the avoidance of any doubt that is the day the stock will be delisted unless a specific request for an extension is put to the FCA and the request is granted.

There are other key dates prior to 30/04/2023 the company has also missed.

Firstly 09/04/2023 is the last day for publication of a prospectus. A company must give a minimum of 21 days notice. 21 days from 09/04/23 would take the notification period to 30/04/2023.

The interim results to 31/10/2022 were also due by 31/01/2023. That they missed the interim deadline would normally mean a suspension but as the stock is already suspended no further action was required by the FCA.

[pwhite73] 30/3/2023 08:16

tomtum1 - No. The directors genuinely want to make a go of this for themselves and their shareholders but unfortunately they're in a very difficult position. Their original business was real estate but there is no money in that at the moment. They tried to transition to energy when the price of energy soared but the FCA won't allow them without a prospectus. So as of today they have no business and no money.

Whether they receive funding to complete the accounts and publish a prospectus is yet to be seen. Don't believe any of the nonsense on LSE chat. No information has leaked from any reliable sources in the company.

[tomtum1] 29/3/2023 20:43

Pat,Is this another scam stock?

[pwhite73] 29/3/2023 18:38

There are some misleading statements made on LSE chat that need correcting.

All listed companies have three months from the interim period and six months from the year end period to file accounts with the FCA. The listing is cancelled otherwise. There is no difference between AIM and main market companies.

Any exemptions or extensions is at the benevolence of the FCA.