Dunedin Enterprise Inves... Share Discussion Threads

[pillion] 18/12/2017 11:15

Quite disappointed with the management here

At the time of £1 distribution they could have done a share consolidation to bring share price up to current level then the chart would not be misleading; especially for people looking at the graph at a later date

looks awful !

[pvb] 16/12/2017 14:01

Cheque ? indeed -- so 1990s

Especially strange as the registrar, Equinity, pay the dividends straight into my bank account. So...

Now I think of it, Equinity seem to handle payments related to all capital events by cheque.

[pillion] 16/12/2017 13:44

I'm with always been OK for me

[pillion] 16/12/2017 13:31

Why a cheque?

Cheque ? indeed -- so 1990s

[pvb] 16/12/2017 13:06

OK, got a follow up in the post today, cheque for the return of capital. Why a cheque?
Have to keep an eye on the ISA for the dividend.

[pvb] 15/12/2017 18:51

Huh! I've only got 13.5p per share so far...

And in the ISA £1 return of capital but no dividend...

[pillion] 15/12/2017 16:46

£1.13 per share held paid into my Broker account today (;- Smiley face

[pillion] 01/12/2017 23:24

I think [hope] they meant ex divi date last day in November

[spob] 30/11/2017 20:38

5. Return of Capital

Following the portfolio realisations noted above the Board has decided to return GBP20.6m to shareholders via an issue of B Shares as set out in the Circular sent to shareholders on 3 April 2017 and as approved by shareholders on 11 May 2017. B Shares of 50p each will be paid up from capital and issued to all shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of two B Shares for every one Ordinary Share held at the record date of 6.00pm on 1 December 2017.

[spob] 30/11/2017 20:30

I know about the 13.5p ex dividend today

I thought the 100p cap return does not go ex this early ?

[pillion] 30/11/2017 17:13

Spob
read posts 221 and 222

[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 06:23

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 10:48

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

[midherts] 06/10/2017 09:47

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 07:01

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