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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dunedin Enterprise Investment Trust Plc | DNE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 0.62% | 484.00 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 464.00 | 464.00 | 464.00 | 484.00 | 481.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 24/11/2022 16:07 by super_sub Tendered my entire holding with Interactive Investor, and they appear to have redeemed them all with no scaling back.Although I should add that II have subsequently changed their calculations for similar tenders on more than one occasion in the past. |
Posted at 22/11/2022 12:57 by topvest Looks like 50% of the excess tenders will go through, which is a surprise. Maybe the remaining investments are still looking good then, and some investors are hanging on for the value? |
Posted at 18/11/2021 15:30 by super_sub Just checked my account at Interactive Investor to find I have received a 74.5% redemption of my holding (having tendered all of course).The basic entitlement was 27.42% + 2.51% of the excess. II must have a lot of customers who inexplicably chose not to participate in the tender offer. Not that I'm complaining! |
Posted at 29/11/2016 19:05 by pvb What went wrong? For years it was a successful and popular - with retail investors - trust. |
Posted at 06/9/2016 20:50 by pvb Barwon Equity Partners - Private Equity & Property investors - now has a 7.26% holding in DNE. |
Posted at 13/5/2016 17:29 by skyship About Lind Invest:Lind Invest is an independent holding company located in Aarhus (Denmark). We make investments in companies – listed and unlisted – and create value through active ownership and with a strong focus on value creation and transparency. Investments are made by a clearly defined strategy, and management of every investment is based on a strict risk policy and -management. Lind Invest wants to focus on the niches and segments of the market that is not always thoroughly analyzed by other market participants. This means that we are niche investors in a segment where not only capital forms a successful investment. |
Posted at 10/5/2016 06:36 by skyship Sent an email to the chairman - will report back should I receive a reply!-------------------- ATTN: Duncan Budge, Chairman PROPOSED CHANGES TO INVESTMENT OBJECTIVE AND POLICY I most likely missed it; but nowhere in the Circular could I find any reference to ongoing fees. In this respect, within the document you liken yourselves to two other Private Equity trusts - Northern Investors and Mithras - see bottom of this email. Before looking at the performance of those trusts and whether they merit the charges applied; I first looked at the management charges of DNE and its peers. Stats taken from Morningstar and your own commissioned research by Edison: # SVG Capital.......0.95% # S. Life Euro PE...0.97% # ICG...............1. # Mithras...........1. # F&C PE: ..........1.43% # Northern Inv......2.00% # Aberdeen PE.......2.01% # DNE...............2. As for performance: .................1yr DNE............(1.7% Peers...........7.2% To put Northern Investors 2.0% fee into context, it is worth noting their 5yr performance - UP 117%. Now just why the two Scottish trusts should be charging much higher fees than everyone else; and why those fees should be charged at all for lamentable performance is no doubt something that must concern you, as you've presided over this state of affairs since your appointment to the Board in 2012. To finally wave the white flag and opt to put the dog out of its misery is a blessed relief. However you surely should be making a substantial reduction in fees as you are now only concerned with an orderly realisation of assets - no longer looking for any reinvestment. Also, to talk of a 7 year programme is an absolute absurdity; it smacks of extending your fee earning opportunity at the expense of shareholders' best interests for a rapid resolution. You really must address this iniquity; as not to do so will surely result in poor publicity for the whole Dunedin LLP set-up. I look forward to reading your comments on this matter - both the fees and the 7yr itch. ==================== "In your Board's opinion, the more mature investments offer the prospect of good realisations in the short to medium term. Based on our belief that there is significant inherent value in the underlying investments in the Company's portfolio, the Board has concluded that the best way to maximise value for Shareholders would be to implement a plan that allows the Company's investments to be realised in an orderly manner over a period of time and cash to be returned to Shareholders progressively. Similar plans have been followed successfully by other private equity investment trusts, such as Northern Investors Company plc and Mithras Investment Trust PLC." ==================== |
Posted at 18/3/2016 10:37 by pvb They are failing. See from their own summary of results over a ten year period:FTSE Small Cap (ex Inv Cos)Year to 31 December 2015 Net Asset value Share price IndexOne year 0.0% -7.5% 13.0%Three years 0.0% -16.4% 58.2%Five years 12.0% 23.0% 82.9%Ten years 39.6% -6.4% 75.7% Whatever happened to this once successful PE company, originally very popular with private investors? Was it them, or the PE environment? I will be voting for the wind-up, there seems little reason to continue any further from here. |
Posted at 31/12/2014 07:44 by jaws6 just for info from DNEhxxp://www.moneyobse |
Posted at 20/5/2013 10:03 by damanko 20 May 2013DUNEDIN ENTERPRISE INVESTMENT TRUST PLC RESULT OF tender offer The Company announces the result of the Tender Offer set out in its circular to Shareholders dated 16 April 2013 (the "Circular"), which closed on 17 May 2013 following Shareholder approval at the annual general meeting of the Company held on 17 May 2013. 18,050,617 Shares were validly tendered under the Tender Offer. As a result, all valid tenders will be satisfied in full up to the Basic Entitlement and, following application of the scale-back mechanism (as set out in the Circular), tenders in excess of the Basic Entitlement will be satisfied to the extent of approximately 1.1796 per cent. of the excess Shares tendered. Accordingly, 2,631,575 Shares will be purchased at a price of 475p per Share, resulting in a total cost of approximately £12.5 million. As set out in the Circular, the Shares in respect of which tenders have been accepted will be purchased by Cantor Fitzgerald pursuant to the Tender Offer and the Company will buy-back such Shares from Cantor Fitzgerald. The Shares bought back by the Company will be cancelled, reducing the Company's issued share capital from 25,754,635 Shares to 23,123,060 Shares (none of which are held in treasury). Accordingly, with effect from 21 May 2013, the total number of voting rights in the Company will be 23,123,060, and this figure may be used by investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules |
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