Dunedin Enterprise Inves... Share Discussion Threads

[spob] 30/11/2017 13:30

So why the fall today

have i missed something

[pvb] 27/11/2017 17:39

...Plus the 100p return of capital via the B shares on 15 December.

[pillion] 27/11/2017 16:32

No pvb; only 13.5 pence per share ten days before Xmas

[pvb] 22/11/2017 22:30

So, 113.5p per share expected on 15 December 2017.

[pillion] 21/11/2017 12:31

Dividend
An interim dividend of 13.5p per share is payable to shareholders on 15 December 2017 with an ex-dividend date of 30 November 2017 and a record date of 1 December 2017. This represents the majority of the income received by the Company to date.

[spectoacc] 17/11/2017 13:23

Great to have this board FINALLY putting shareholders first, after so long.

Can't believe I sold out some of these at a loss after buying at £3.10. Just glad I've still some left :)

[kramch] 17/11/2017 11:30

NAV 570p, capital distribution 100p/share and 13.5p div.
Great to have a board putting shareholders first.
K.

[spectoacc] 18/10/2017 07:23

Having done nothing for ages, they're now pretty active:

"Capital and accrued interest in Kee Safety was valued at GBP11.6m as at 30 June 2017, the last published valuation. Total proceeds from the sale will amount to GBP15.9m (an uplift of GBP4.3m) consisting of capital of GBP15.2m and income of GBP0.7m. After taking account of carried interest accrued within Dunedin Buyout Fund III LP the uplift per share equates to 4.5p.
The original cost of the investment made in November 2013 was GBP6.3m and over the life of the investment a total of GBP18.8m will be received by Dunedin Enterprise representing a 3.0 times return and an IRR of 35%. "

[spectoacc] 06/10/2017 11:48

Agreed re more uplifts to come - and good to get capital returns along the way.

[midherts] 06/10/2017 10:47

What is interesting here is the discount to NAV. As recently as the June half year the NAV was 515p per share but Alpha was valued at £9m. Now £16m is being realised and my back of the envelope calculations suggest that NAV increases to around 548p so even with today's price rise there is still a discount of 32%. I do not expect all realisations to provide such a large uplift but it does suggest that valuations are quite conservative. I shall certainly be retaining my holding and in fact nearly doubled it a few weeks ago.

DYOR
MH

[spectoacc] 06/10/2017 08:01

Personally I'd have liked a little more capital return but nice to see the returns rolling in - expect to get the rest eventually.

[spectoacc] 06/10/2017 07:44

Dunedin Enterprise Inv Trust PLC
06 October 2017
Dunedin Enterprise realisation of Alpha Financial Markets Consulting plc ("Alpha")
Dunedin Enterprise Investment Trust PLC is pleased to announce that Alpha has today announced a conditional placing and proposed admission to trading on the LSE's AIM market on 11 October 2017. On Admission, Dunedin Enterprise, via its interest in Dunedin Buyout Fund III LP, will realise 100% of its holding in Alpha.
The investment in Alpha was valued at GBP9.0m as at 30 June 2017, the last published valuation. Total proceeds from the sale will amount to GBP16.7m (an uplift of GBP7.7m, or 37.5p per share), consisting of capital of GBP15.6m and income of GBP1.1m. The original cost of the investment in February 2016 was GBP8.1m and, over its life, a total of GBP16.7m will have been received by Dunedin Enterprise representing a 2.1 times return and an IRR of 55%.
Following the realisation of Alpha, the Company will have cash balances of GBP33.2m with outstanding commitments to limited partnership funds of GBP38.3m. It is estimated that only some GBP22m of this total outstanding commitment will be drawn over the remaining life of the limited partnership funds. Following a Board Meeting to be held on 16 November 2017, the Board intends to announce a distribution to shareholders along with the quarterly trading update.

[yieldsearch] 03/10/2017 17:16

yes agree but based on the 2017 interim resultspresentation, alpha is only 8.5% of net assets? not clear why this % would trigger the price increase

[pejaten] 03/10/2017 16:40

With the sell of Alpha we must be getting closer to a return of capital.

[spectoacc] 03/10/2017 10:58

We're all selling & the price is going up - going higher IMO.

Can't go bust taking a profit tho.

[yieldsearch] 03/10/2017 10:40

sold a few. Traded volume picking up since the 26th and still well bid. Has this been recommended recently in any publications?

[spectoacc] 02/10/2017 13:30

Don't forget the couple of fat divis we've had too.

[joe say] 02/10/2017 13:11

Don't remind me !!!

But tbf I also traded this prior to that and did quite well - then got locked in for many a month

[spectoacc] 02/10/2017 12:59

@Joe - you must have been in even longer than me!

[joe say] 02/10/2017 10:39

Sold the whole lot myself - not one of my better calls but at least I broke even

[spectoacc] 02/10/2017 08:36

Not sure at what point I'm a seller - tough call with that NAV discount, & have been pretty patient so far.

Edit - sold half on that 0.25p spread that's usually 25p. Patience didn't last long.

[yieldsearch] 01/10/2017 15:41

yes was announced a week ago. not clear it is going up a week later? or may be some news to be announced next week?