Dyson Share Discussion Threads

[gordonbrown] 05/5/2009 09:10

strange that the market has risen last week and yet DYS flat-lines

come on Dyson make a positive statement

[sleveen] 01/5/2009 16:41

how do you deduce that?

[whiterussians] 01/5/2009 15:50

DYS = winterflood looks very short of stock - looks ready to run

[mjbullen] 01/5/2009 12:21

Looks like something starting to happen here...

[gordonbrown] 30/4/2009 13:28

derekhess please post again as its had a good effect 8)

seriously management need to make a statement to kick start the shares, after all this will help with funding negotiations.

[gordonbrown] 30/4/2009 08:27

come on Dyson board its time to make a statement, all my other shares are flying

[sharw] 28/4/2009 12:23

If the previous sale needed to be subject to an EGM, why not this one?

[sleveen] 28/4/2009 11:08

amen to that GB

[gordonbrown] 28/4/2009 11:05

and yet no movement on share price, we need the board to release confirmation of funding and then we could see solid movement right back between 50p-100p trading range

[garth] 28/4/2009 10:55

RNS today re property disposal. Wish they'd make up their mind!

I assume that it is a positive move. The previous cancellation was of benefit to DYS because it meant that the property could become part of discussions with the banks in renegotiating covenants. For the sale to be back on may mean that those discussions have progressed well?

Final selling price was £5k lower than the original price - but higher than book value.
..........................

Statement re Property Disposal (Dyson)
Date : 23/12/2008 @ 17:10

The following amendment has been made to the value of £1.5 million to £1.25 million.
Announcement released on 23 December 2008 at 16.51 pm under RNS No 7321K.

All other details remain unchanged.

The full amended text is shown below.


Dyson Group Plc ("Dyson" or "Company")

Property Disposal

The Company is pleased to announce that it has exchanged contracts for the conditional sale of its freehold land and buildings at
Fulwood Road, Sheffield, currently used as the Group's registered office, for £1.4 million in cash. The property was stated in the Group's
last interim accounts as at 30 September 2008 at a value of £1.25 million.

The contract is conditional, inter alia, on shareholders' approval in a general meeting being given by no later than 31st March 2009.
The Company is in the process of drafting an appropriate circular which will be despatched to shareholders in the New Year.

The proceeds of this sale will be used for current working capital requirements. The staff employed at Fulwood Road will relocate to the
Company's premises at Baslow Road in Sheffield.



Dyson Interim Management Statement
Date : 17/02/2009 @ 12:00

"In 23 December 2008, the Group announced that it had exchanged contracts for the conditional sale of its freehold land and buildings on Fulwood Road, Sheffield ("Property Disposal"), which was conditional, inter-alia, on shareholders' approval in a general meeting being given by no later than 31 March 2009. In light of the ongoing discussions with the banks, the Group today announces that the contract for the Property Disposal has been cancelled. Other than the clarification referred to, there has been no significant change affecting any matter contained in the announcement made on 23 December 2008 and no other significant new matter has arisen, which would have been required to be included in that announcement had it arisen at that time. "


Today:
28 April 2009

Dyson Group Plc ("Dyson" or "Company")

Property Disposal

Dyson is pleased to announce, in line with its stated strategy of disposal of
non core property, the unconditional sale of its freehold land and buildings at 381, Fulwood Road Sheffield (currently used as its registered office) for a
price of GBP1.35 million in cash to Mrs Jennifer Jane Barlow. 5 per cent of the consideration will be paid on 15 May 2009 with the balance payable on
completion. The proceeds of this sale will be used to reduce net borrowings.

The Directors expect completion to take place at the end of August 2009, though under the terms of the contract completion may take place at the later date of 15 September 2009 or earlier at Dyson's option, subject to at least 10 days advance notice to the purchaser that completion is to be brought forward to the last working day of any month before 15 September 2009.

The property was stated in the Group's last interim accounts as at 30 September 2008 at a value of GBP1.25 million.

All the staff employed at Fulwood Road will relocate to the Company's premises
at Baslow Road in Sheffield.

[gordonbrown] 28/4/2009 10:08

wasn't this news responsible for the 30p rise a couple of months ago?

Dyson is pleased to announce, in line with its stated strategy of disposal of
non core property, the unconditional sale of its freehold land and buildings at 381, Fulwood Road Sheffield (currently used as its registered office) for a
price of GBP1.35 million in cash to Mrs Jennifer Jane Barlow. 5 per cent of the consideration will be paid on 15 May 2009 with the balance payable on
completion. The proceeds of this sale will be used to reduce net borrowings.


The Directors expect completion to take place at the end of August 2009, though under the terms of the contract completion may take place at the later date of 15 September 2009 or earlier at Dyson's option, subject to at least 10 days advance notice to the purchaser that completion is to be brought forward to the last working day of any month before 15 September 2009.


The property was stated in the Group's last interim accounts as at 30 September 2008 at a value of GBP1.25 million.

All the staff employed at Fulwood Road will relocate to the Company's premises
at Baslow Road in Sheffield.

[gordonbrown] 27/4/2009 11:23

this could go either way, high risk however with sentiment driving a recovery we could see a strong recovery in DYS in the short term.

[westcoastrich] 26/4/2009 13:28

DYSON - DYS - simmering - possible 5 bagger

[tokolosh] 22/4/2009 16:46

Nice tick up on the bid, spread has closed right up.

[alistair4444] 22/4/2009 16:46

Darling Budget of May I mean April !!!

[gordonbrown] 21/4/2009 08:48

thought you were joking about the saucer bottom, but have googled it and your right the chart is positive for the next leg up through 20p in the short term

[churchtower] 21/4/2009 07:40

Agreed. Excellent saucer bottom.

[gumarabic] 20/4/2009 20:47

Gordon, it doesnt take a lot to see this double. It has fallen from £1 in a short space. Has £30m of property assets, £14m could be sold as they arent needed.

Market cap. is £6m#

You do the maths!!

[garth] 20/4/2009 15:42

Certainly nice to have another rising day.... :0)