Standard Life Share Discussion Threads

[chesty1] 01/12/2016 12:22

Market is down.

[rathlindri] 01/12/2016 12:11

Disappointing

[chesty1] 30/11/2016 08:48

Nice start.

[chesty1] 29/11/2016 13:33

Looks like 340 support before we head back up for a mad rush north through 2017 well here's hoping.

[profitaker] 27/11/2016 19:33

TiltonIndeed long time no see ! Only got my divorce through February this year and then moved house just 4 weeks ago. It's been a busy and bloody 4 years ! Would love to meet up for a beer or 10. I'll be up for sure in the new year. I did very well on ERET, now looking for a Co similarly invested in real estate and at a good discount to NAV, but with not much debt. DCI ticks all the boxes, or at least they did when I last looked a while back. But DCI just looks too good to be true, and if it looks too good....I guess if they can hold onto NAV then that value will eventually be realised, one way or another and sooner or later. I'll have a good look and hope to follow you in.

[tiltonboy] 27/11/2016 18:58

P,

Long time no hear. Don't forget to pop in again when you are up in Brum.

I think the catalyst might be that the company will move into full liquidation mode, but that is not based on any information, more of a gut feeling.

I think there is room for modest share price performance from here, but it will need some further sales to achieve real value.

[profitaker] 27/11/2016 18:25

TiltonI've been watching these since about 15p. Ridiculous discount to NAV I agree. But there's no reason why that discount couldn't continue ad infinitum. How or why do you see the share price moving towards the NAV ?p.s. I'm sorely tempted !

[rjmahan] 27/11/2016 17:40

I have picked some DCI up at 7.25p I suspect it will move into liquidation mode in 2017.

[tiltonboy] 26/11/2016 21:36

Currently my worst ever investment, things might be turning around for Dolphin Capital.

Every now and again I fall for a company/Trust that stands on a huge discount to NAV, but is actually a value trap. I had monitored it for a couple of years, watching the apparent disconnect of a 170p asset value, and lowly share price with interest but scepticism. I needed a catalyst to invest, and that came in February 2015 with board changes which I believed would unlock the value. I added to the holding in June 2015, as part of a placing. The share price continued to fall, and much to my dismay, the new directors didn't last the course.

So what has changed?

A couple of new NED's have brought in some experience, and some tough decisions have been made. My biggest fear was of a highly dilutive share placing, and much preferred a discounted sale of assets, even if it did involve the NAV falling further.

The first sale was that of it's holding in Aristo Developers for 45m Euros which was at a 70% discount to NAV.

The sale of Aristo was just the prelude to what I believe is a game-changing deal, following the sale of what was one of their "core" developments. On 15th November the company announced the sale of it's Playa Grande Golf and Resort project for an Enterprise Value of 140m Euro's, albeit there being little equity value.

The pro-forma debt position following these sales is 102m Euros, or 18.5% of assets.

The question now is can the current 32p NAV finally be believed!

I have spent some time looking at the assets, and was struck by the sheer quality of some of their projects. My research took me to Tripadvisor, and to magazine and industry reviewers, which re-inforced my opinions.

There is still a long way to go, and planning for Kilada Hills would be a big step in unlocking that value.

The company is no longer a forced seller of assets.

Not for widows and orphans, but there might be some further upside from the current 7.5p. I have averaged down, but still need nearer to 20p to get my money back. I was fearful of a wipe-out a few months ago, but can now see a light shining in the distance.

Have a look at the assets, and come back and shoot me down!

[chesty1] 23/11/2016 21:21

DOW has had another great evening.

[chinese investor] 23/11/2016 08:51

365p Soon !

[big7ime] 23/11/2016 08:38

Maybe and a close above the 370 is crucial, it may get there this time..

[chesty1] 22/11/2016 20:31

DOW is having a very nice day AGAIN, bodes well for our markets tomorrow & for SL. to smash through £3.60p

[chesty1] 22/11/2016 16:26

Ftse having a shake into close, it would be nice to see the Dow stay above 19000.

[sicker] 22/11/2016 15:07

But will be pleased (very) if you get your wish :-)

[sicker] 22/11/2016 15:04

I would suggest a tad optimistic :-)

[chesty1] 22/11/2016 14:46

£3.60 close ?? Or is that just greedy.

[chesty1] 22/11/2016 12:00

Auction action.

[chinese investor] 22/11/2016 11:59

GO GO HORSEY !!

[chesty1] 22/11/2016 10:53

There was no reason for it to drop like it has volume was low.Now it's time to load up for the run.

[chinese investor] 22/11/2016 10:15

This Looks Good !

It's Almost A "GO GO HORSEY" !

[chesty1] 22/11/2016 08:13

Nice start.

[chesty1] 21/11/2016 22:35

Well the dow is trying to break north after a great run.

[underhill2] 21/11/2016 13:57

Not today !

[chesty1] 21/11/2016 11:12

Markets and sl. Look poised for a run north....