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Share Name Share Symbol Market Type Share ISIN Share Description
Dukemount Capital Plc LSE:DKE London Ordinary Share GB00B6WZDF03 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.15 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 2.39 -0.33 -0.09 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.15 GBX

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Posted at 29/11/2022 08:20 by Dukemount Capital Daily Update
Dukemount Capital Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker DKE. The last closing price for Dukemount Capital was 0.15p.
Dukemount Capital Plc has a 4 week average price of 0p and a 12 week average price of 0.03p.
The 1 year high share price is 0.29p while the 1 year low share price is currently 0.03p.
There are currently 498,416,532 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Dukemount Capital Plc is £747,624.80.
Posted at 19/11/2022 11:41 by pwhite73
RNS 26/10/2022 - "On 20th October the Company announced that Dukemount Capital Plc, had issued 128,132,190......However, following further discussions with its advisers, and a clarification of the current Prospectus Rules, the application to admit the shares has been withdrawn. The shares could not be issued and admitted in full without a Prospectus."

This a technical issue the company is having problems with on two fronts. The last annual GM was held in July 2021. The resolutions passed in July 2021 allowed the company to issue up to 3,046,875,000. The company only has 616,243,164 shares in issue so there is plenty of headroom for additional share to be issue. The problem is the resolutions would have expired 12 months later in July 2022. As far as I'm aware there was no GM held this year. This why the FCA stopped 100 million of the 128,132,190 they wanted to issue and allowed only 28,132,190 to be issued on 28/10/2022 to meet certain obligations.

The other issue is this. I have stated before DKE is listed under the real estate sector. A company that wishes to change business and trade under another sector would require a prospectus and gain shareholder approval this is why they've been mooting about a prospectus since January 2022. A new prospectus is also required because the finance company that made money available did so on the premise that DKE was operating in the real estate sector so to change operations is effectively a breach of contract.

DKE needs money for a new prospectus and money to cover them for the next twelve months before the accounts can be signed off and the shares relisted.

Posted at 10/11/2022 17:10 by pwhite73
Couple of points to advise the headless chickens on LSE chat.

1. Zak Mir knows exactly why DKE is suspended and why there is no communication with the shareholders.

2. In my opinion DKE is suspended because it has no money for an audit or a prospectus. It needs financial resources for both and as such at the moment is not a going concern.

3. The year end was 30/04/2022 so the company had until 30/10/2022 to file its accounts with the London Stock Exchange. As it has not done so the shares have been suspended.

4. The company has until 20/01/2023 to file its accounts with Companies House or steps will be taken dissolve it. This is 9 months from the year end.

From what I can see the DKE suspension is one of cash only nothing else.

Posted at 05/11/2022 10:12 by pwhite73
To all the suffering shareholders here is my take on this.

I think DKE has completely run out of money. On reflection I now think the sale of the gas storage business and Arlington were in fact fire sales at the corporate and personal level. As for the Arlington RTO I don't see how that can happen now. Arlington had nothing to do with DKE it was a privately held company by the directors. I don't see how they can sell Arlington to Masdar then re-own it again via an RTO into DKE. Doesn't make sense and I don't see how the FCA would allow that.

In short I don't think the company has the money for an audit let alone a prospectus. A prospectus alone at the lower end will cost about £500k. I can't see this company back without new and major financial backing.

Posted at 25/10/2022 16:49 by pwhite73
No because DKE is a listed company. The directors of Arlington are also the directors of DKE. If Masdar/Arlington were to reverse into DKE then people are effectively buying shares on insider information before DKE has officially released the news to the markets. If the story is true and the JV will be reversed into DKE then the shares will be suspended before trading tomorrow morning.
Posted at 21/10/2022 14:27 by hedgehog 100
05/10/2022 07:20 UK Regulatory (RNS & others) Dukemount Capital PLC Completion of sale LSE:DKE Dukemount Capital Plc

"Completion of the sale of two RTB energy generation sites with a total output of 10MW

Dukemount, the property management and long dated income specialist, announces that HSKB Limited ("HSKB"), in which it holds a 50% interest, has successfully completed the sale of two special purpose companies, to Mast Energy Developments Plc, for an aggregate sale price of GBP350,000.00. Each company contains an 11kV gas peaking facility, which are ready to build, with full planning permission and grid access.

The proceeds of the sale have been used to repay a portion of the sums owing to the lenders as detailed in the announcement of 15 September 2021.

Paul Gazzard CEO, comments "this process is one we unfortunately have had no choice but to pursue despite having the funding in place to construct these assets, the regulatory environment that evolved for DKE, as a standard listed company, during the transaction to buy and then fund the construction of them meant we were left with no option but dispose of these assets. We have set about searching for a new target company and business to pursue as we repurpose Dukemount. This process will commence and be undertaken at speed and we hope to update the market soon on the next steps for Dukemount. ..."

https://uk.advfn.com/stock-market/london/dukemount-capital-DKE/share-news/Dukemount-Capital-PLC-Completion-of-sale/89223182


That RNS early this month seems to be suggesting that a main-listed company 'can't' hold the assets concerned.

It's interesting therefore that they've sold them to another main-listed company, i.e. MAST:-
https://www.londonstockexchange.com/stock/MAST/mast-energy-developments-plc/company-page

DKE don't seem to be being transparent with shareholders about the reason(s) for the disposal.

Posted at 21/10/2022 11:03 by pwhite73
You have to ask yourself why isn't the person(s) dumping waiting for this fantastic news that's only a week away. The company talked about an RTO because it had no cash and couldn't issue any stock because the price was under the nominal value of 0.10p. This has now all changed as PIs piled in on RTO hopes raising the share price to 0.23p. With the share price now above 0.10p the company can do a straight placing at 0.10p then talk about looking for suitable acquisitions and forget about the RTO.
Posted at 11/10/2022 13:12 by pwhite73
F911 - "I suspect a 0.20p close. Let us wait to see."

Yes but you need to be careful. The share price soared on opening because they were out of stock and with the price below 0.1p the nominal value they could not forward sell any new placing shares. With the price now above 0.10p they can forward sell new placing shares at 0.10p and above. I reiterate one really has to wait for the details of the RTO to be certain of any value over 0.1p.

Posted at 11/10/2022 10:04 by pwhite73
chief vigilante - "now we are looking for a min 0.65p"

You speak for yourself. The wording is very clever. That's the price Chesterfield have agreed to convert their outstanding debt of £500k. But they may effectively be writing off the debt if they are participating in the later conversion that has a price of 0.10p. It is similar to directors setting their options exercise price at multiples to the current share price to inspire confidence. 0.10p the nominal value is the only price that can be guaranteed.

RNS 11/10/2022 Terms of the Restructuring and the Further Advance - The debt is convertible at the nominal value of 0.1p of the ordinary shares of the Company.

Posted at 10/10/2022 09:32 by pwhite73
A sustained share price recovery is difficult without news confirming the company is not going bust. The trouble is when a share price crashes like this MM and PIs pick up cheap stock all the way down. This crashed from 0.12p to 0.030p. So all the way down people have been buying. On any recovery people jump out with their profit and there are some still deciding to cut their losses.
Posted at 22/5/2021 19:11 by lr2
But if you look at the time of the trade, 14:55:10, you would see the quote at that time is 0.52p - 0.55p and that makes the trade a bleedin' obvious sell. The DKE share price fell 11.3% on the day too, another bleedin' obvious sign of selling. Oh, and the trade price of 0.511p was the 4th lowest of the 68 trades that day, how much more obvious does it have to be, it was a bleedin' sell.
Dukemount Capital share price data is direct from the London Stock Exchange
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