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Dowgate Capital - Capitalising on the booming AIM market (DGT)
overgrowth
- 09 Feb 2005 20:52
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Dowgate Capital (DGT) are sitting in the middle of a goldmine! This company through their sole trading arm City Financial Associates are looking to take full advantage of the "booming" AIM market this year. Dowgate provide NOMAD (NOMinated ADvisor) services to AIM companies and also have full Corporate Broker status which means that they can fund placements on behalf of the companies they represent. |
 Website: www.cityfin.co.uk |
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On first sight, the fact that Dowgate exist in the often veiled financial services sector makes you think twice about investing in company such as this because it would be impossible to understand what they were doing - however, think again! DGT bring new companies to the AIM (Alternative Investment Market). For each new company "floated" on AIM, they take arrangement fees when acting as NOMAD. After the company is launched then for a nice steady earner DGT get another healthy chunk of cash every year for looking after them (note that all AIM companies must have a nominated adviser - thereby securing a ready source of recurring income). Because DGT also act as a Corporate broker they can get a very healthy percentage for arranging placement of shares with insititutions before a new company floats. In addition, because placements come outside the sphere of yearly NOMAD work, they can also gain healthy percentages of placements which companies may need to make throughout the year when they need a quick injection of cash to speed growth. Current NOMADships: 28 companies represented (gives recurring income of approx 480,000 per year) Current on-going Brokerage agreements: 19 companies (income depends on placements) For flotations, depending on the size of a company, fees charged will be anything from 50,000 to 100,000+ For placements (the real earner), DGT get anything from 3% to around 12% of the TOTAL AMOUNT RAISED - For example a new company raising 3M though a placement will earn DGT anything from 90,000 to 360,000 ! These figures are indicative as actual deals all differ due to circumstances and DGT sometimes take payment in shares - they still have a tasty chunk of Setstone shares and when this Russian exploration company comes back to AIM, predictions are that the share price will rocket. Note that the amount that this little company can earn in fees is huge and every new deal that comes through we know will contribute another healthy chunk into the bottom line. The good news with every new floatation means that it's another chunk of recurring revenue which could go on for years, with DGT having to do very little. New clients gained in 2005 are: Mediazest (NOMAD & broker) Elite Strategies (NOMAD) Process Handling (NOMAD) Poland Investment Fund (NOMAD) Nanotech Energy (NOMAD & broker) Archimedia Ventures (NOMAD & broker) Red Leopard Holdings (NOMAD) Alba Mineral Resources (NOMAD & broker) Intandem Films (NOMAD & broker) Motive Television (NOMAD) IncaGold (NOMAD) Sportswinbet (NOMAD & Broker) Infoscreen Networks (NOMAD & Broker) Mark Kingsley (NOMAD & Broker) Croatia Ventures (NOMAD & Broker) Pantheon Leisure (NOMAD) Firenze Ventures (Ofex Advisor) FlightStore Group (NOMAD & Broker) Euro Capital Projects (NOMAD) Pearl Street Holdings (NOMAD) Worldwide Natural Resources (Ofex Advisor) Dovedale Ventures (Ofex Advisor) Other 2005 work completed:Neptune-Calculus VCT offer for subs of up to 12 million Advisory work for TGM on London Bus disposal for 20.4M Advisory work for Creightons on property disposal Advisory work for Hampton Trust on company restructuring Advisory work for Interbulk Investments on acquisition of Inbulk Advisory work for Fundamental-e Investments on two disposals Advisory work for Designer Vision re: Design Rights against Centurion Electronics Click Here for fundamentals and profit projections. |
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overgrowth
- 11 Aug 2005 13:35
- 1321 of 2787
There is a "hard core" of DGT retail investors, both here and on advfn, and if they're all thinking like me, they will have stacks of DGT shares already (hence won't want to buy any more long term yet) and are reluctant to take out T+ trades (short term punts) until the tasty profits are revealed.
There's the odd trader who has shown a bit of interest in DGT, though because the the chart is uninspiring at present there is no pre-results extra buying force fuelled by traders (which is a good thing because it avoids the "spike" syndrome).
IMHO The current price has built in an expectation of profit to be around 250K, hence any more than that and up we go!
If our carefully scripted estimates turn out to be accurate i.e. profits of 500K-600K then we're going to be experiencing a massive bounce in price close to 2p by the time this month is out.
ptholden
- 11 Aug 2005 14:09
- 1322 of 2787
I must admit to feeling that we would have had an increase prior to the results publication and something in the region of 30%. Clearly that has not happened and probably for a few reasons. The selling by GHW? or other large holder effectively put the brakes on what was a steadily increasing SP. Without that we probably would be sitting at 1p by now. Unfortunately we cannot account for events like that. I don't think the recent article in Shares mag was particularly helpful either, very sweeping statements we could have done without. I know from a letter published in the rag today and other comments made that quite a few investors in sub penny shares are quite pissed off with the article. As usual not much remorse from Shares! There has also been a bit of negative comments on other boards who are perhaps trying to talk the price down so they can buy cheaper. I agree with OG's summation that we are probabaly fairly priced for a smallish profit. However, research would indicate that we will have much more.
All the best
pete
ptholden
- 11 Aug 2005 15:39
- 1323 of 2787
Thank you for your note and comments. I am on holiday until 15 August. The
figures are being prepared and I will review progress on monday. I willthen
announce the date of their release later in the week.
Kind regards
Tony
Rawlinson
Paulo2
- 12 Aug 2005 08:27
- 1324 of 2787
ptholden
- 12 Aug 2005 08:28
- 1325 of 2787
stockdog
- 12 Aug 2005 08:37
- 1326 of 2787
sd
Paulo2
- 12 Aug 2005 08:41
- 1327 of 2787
Change of adviser
The Directors of Voss Net plc ("Voss Net" or "the Company") are pleased to
announce that Williams de Broe Plc has been appointed as the Company's nominated
adviser and broker with immediate effect.
The Directors of Voss Net are currently assessing a number of potential
acquisitions, however, at this stage, no decision has been taken as to the most
suitable project for the Company and its shareholders and the Directors will
communicate with shareholders and the market as soon as a suitable project has
been agreed upon.
arawli
- 12 Aug 2005 09:57
- 1328 of 2787
We lost Voss a few months back to Seymour Pierce and it is not shown as a client on the website
All the best
Andy
overgrowth
- 12 Aug 2005 10:26
- 1329 of 2787
markusantonius
- 12 Aug 2005 10:39
- 1330 of 2787
corehard - 12 Aug 2005 12:47 - 1331 of 2787
snakey
- 12 Aug 2005 18:20
- 1332 of 2787
I won`t bore you wiv Ireland and golf, well not just yet anyway. I have been keeping an eye on the board via internet cafe and am, same as all, a little disappointed that we haven`t increased to the level I was expecting before the interims, but there is a couple of weeks to go. What interested me more is the `special` dividend announced by Tellings, in which, I was sure we had some reasonable holding !! maybe Eric can enlighten me ?? Were that the case, this dividend could easily account for 250000 additional profit or 0.5p per share (bottom line, I know) but all the same a substantial result ?? any comments or advice. now for the golf... started at Ballyliffen in Donegal and the weather was fantastic blah..blah...blah etc
ptholden
- 12 Aug 2005 18:46
- 1333 of 2787
Unfortunately, as far as I am aware DGT do not have a holding in TGM; however, the NOMAD fees for the 20M disposal will have been substantial. Best guess is 100k-200k, which should push the H1 profits to the 500k region. The fee may have been significantly more (perhaps as much as 600k if DGT took their normal 3%) but we have no way of knowing until the Interims are published. Personally, I think that sort of figure is unrealistic, so will stick to the lower amount.
pth
stockdog
- 14 Aug 2005 13:37
- 1334 of 2787
sd
white westie - 15 Aug 2005 13:47 - 1335 of 2787
Did we about this one i cannot remember? A placing for 5.5 mill b4 expenses how much is this worth to DGT? is it in your projections?
Ragusa Capital PLC
11 August 2005
Ragusa Capital Plc
Preliminary results for the period ended 31 March 2005
CHAIRMAN'S STATEMENT
The results for Ragusa Capital Plc (the 'Company') cover the period from 25
March 2004, the date of incorporation, to 31 March 2005.
Results for the period ended 31 March 2005
The Company incurred a loss for the period, after taxation, of 33,760 after
receiving interest of 179,186 and having paid administrative expenses of
212,946. The basic loss per share was 0.2 pence and 0.2 pence on a fully
diluted basis. The Company had cash balances of 4,865,081 at the period-end.
Review of activities
The Company completed a successful placing of 10,265,147 ordinary shares on 15
July 2004. The gross proceeds of the placing were 5.5 million and the ordinary
shares were admitted to trading on AIM on 15 July 2004.
stockdog
- 15 Aug 2005 14:23
- 1336 of 2787
sd
andysmith
- 16 Aug 2005 20:53
- 1337 of 2787
To say how bullish everyone is on this I have to look on page 2 of threads and no comments, either extremely confident of sp climb on results or twitchy sphincters??
Still have mine, not topping up though.
What would EPS be on this with 500k profit at interims but more importantly EPS on full year with consensus views of SD/PTH/OG?
ptholden
- 16 Aug 2005 21:10
- 1338 of 2787
Can't say I am at all worried at the moment, although obviously disappointed that we haven't seen a decent run up to the results.....yet! It's already been mentioned that after the debacle of last year where two transactions didn't make the H1 accounts and therefore a small loss was reported, that perhaps some PIs are a little nervous about having another go. The major difference is that last year, the CFA website was just being set up and the documentation that is available today, was not then. In other words all the hype of 2004 was uninformed speculation with little or no substance. This year is very different, we have 90% visibility of earnings and are able to estimate, quite accurately I feel (we shall see!) the profits for H1. So I sit on my holding very happy that we shall soon see a re-rating of the SP. Having watched some of the crap that has rocketed over the last few weeks on much less than we are expecting with DGT, I still feel a substantial increase is possible.
With regard to the EPS, my previous calculations on a PE of 12 represented a SP of some where in the region of 1.2-1.5p. I am going to wait for the H1 results before attempting the same calculation for the full year, but I believe I came up with something in the region of 2p last time I played with the figures. Unfortunately the numbers are in my other computer which seems to have kicked the bucket! When I get time I shall do the figures again.
pth
andysmith
- 16 Aug 2005 21:22
- 1339 of 2787
Your summary provides a viewpoint on why there is little further buying ahead of what is believed to be a set of good results in the pipeline.
EWRobson
- 16 Aug 2005 21:27
- 1340 of 2787
Eric
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