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Dowgate Capital - Capitalising on the booming AIM market (DGT)     

overgrowth - 09 Feb 2005 20:52

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.

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.
Chart.aspx?Provider=Intra&Code=DGT&Size=Chart.aspx?Provider=EODIntra&Code=DGT&Si

Paulo2 - 13 Sep 2005 09:43 - 1535 of 2787

Either you guys are playing golf, or you're all just being incredibly cool.

butane - 13 Sep 2005 09:52 - 1536 of 2787

COMPANY NAME:
Pantheon Leisure Plc

COMPANY ADDRESS:
58-60 Berners Street, London

COMPANY POSTCODE:
W1T 3JS

COUNTRY OF INCORPORATION:
England & Wales

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:
Operation of 5-A-Side football leagues and other sports and leisure activities

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury shares):
100,000,000 Ordinary Shares of 1 pence nominal value at 3 pence per share and 50,000,000 Warrants to subscribe
for Ordinary Shares exercisable at 3 pence per share

CAPITAL TO BE RAISED ON ADMISSION:
750,000

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
David Alan Bernstein, Non-executive Chairman
Barbara Moss, Chief Executive Officer
Irvin Fishman, Finance Director
Richard Lawrence Owen, Director
Geoffrey Michael Simmonds, Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:
TBA

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
TBA

ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December

EXPECTED ADMISSION DATE:
27 September 2005

NAME AND ADDRESS OF NOMINATED ADVISER:
City Financial Associates
Pountney Hill House
6 Laurence Pountney Hill
London
EC4R 0BL

NAME AND ADDRESS OF BROKER:
Seymour Pierce Ellis Limited
Talisman House
Jubilee Walk
Three Bridges
Crawley, West Sussex
RH10 1LQ

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
City Financial Associates
Pountney Hill House
6 Laurence Pountney Hill
London
EC4R 0BL

DATE OF NOTIFICATION:
13 September 2005

markusantonius - 13 Sep 2005 12:20 - 1537 of 2787

Paulo2, we are just cool (and we play a bit as well - or at least one of us does!). :o)

Hey up again today - need another RNS to sustain it this time, I think.....

rawsthornebj001 - 13 Sep 2005 13:11 - 1538 of 2787

Thanks for the info Butane.

overgrowth - 13 Sep 2005 14:17 - 1539 of 2787

I've added Pantheon to the header - good find Butane.

It looks as though the "head and shoulders" formation has now completely formed, we've seen the bottom and this is the bounce back into a new trend.

Great to see the newsflow starting again.

Each new item of news should nudge the price gradually higher from here.

Still, 16 new clients already this year is pretty impressive for a small co. like Dowgate.

markusantonius - 13 Sep 2005 14:29 - 1540 of 2787

Do you have short and med term targets, guys - bearing in mind what has happened so far since the new regime has changed things around?

markusantonius - 13 Sep 2005 14:32 - 1541 of 2787

OG, I'm not being funny, but don't you think that graph formations are far less indicative for such a small cap company as ours?

rawsthornebj001 - 13 Sep 2005 15:09 - 1542 of 2787

Nice to see the 'offer' close toward the 'bid' this time, inspite of the fair weather crowd bolting for the door (noticed things go haywire around the time of a posting on this board that URL-BritishBulls had recommended a strong buy) .

I think this stock will do a whole lot better under a regime of low level buying as opposed to the current tide of spec short trading. I agree with you OG. looks like a positive cycle in the offing chart wise, the MM's know how much spec paper they had out there at around (60-75), so Im guessing they have just about got most of it back in at more or less half money (40-50).

As in my last post on the subject, recent price swings have appeared to have a very unnatural feel, i.e. falling at the drop of a hat and failing to climb again even under relatively strong buying pressure.

Still feels like a highly sensitive micro climate and could go either way from here, but the vital signs appear positive.

Not wishing to be accused of pumping and dumping again I shall make it clear that this is only my opinion.

overgrowth - 13 Sep 2005 16:19 - 1543 of 2787

markus - I agree that some indicators are unreliable for smallcaps and candlesticks are hardly worth bothering with when volumes are low.

However, the head and shoulders pattern is a classic "price action" pattern which most medium term traders follow regardless of mkt. cap./volume. These patterns often become a self-fulfilling prophecy because so many traders follow them - they actually contribute actively to the pattern forming according to their prediction.

markusantonius - 13 Sep 2005 16:30 - 1544 of 2787

OK, OG. Well explained, sir! Why do you think there was only a modest decline today considering that sells far outweighed the buys? Not complaining - just curious.....?

stockdog - 13 Sep 2005 20:12 - 1545 of 2787

The attempt to rise above July 1st's support-turned-resistance of 0.51 on good volume was ultimately defeated today, in spite of a good spike north to start with. Still, the fact we hung onto 0.51p at close suggests there is enough momentum for another attempt tomorrow as we shake off weak holders keen to get out where they bought in 10 weeks ago.

markusantonius - 13 Sep 2005 23:33 - 1546 of 2787

Yes, pretty much agree with SD - after all we had a 19% rise on Monday so today was always going to be a test. Irritating that the MM's can get away with "tree shaking" and lowering the sp to suit their own agendas. But that's the nature of the game we play, I suppose. I cannot recall the last time the spread was this tight (just 0.02p!) so hopefully this is a sign of anticipated liquidity.....?

moneyplus - 14 Sep 2005 13:25 - 1547 of 2787

bit up and down this morning-I wish they'd stop mucking around with a good little company!!

EWRobson - 15 Sep 2005 14:07 - 1548 of 2787

moneyplus: you have your wish! its settled down and very nearly disappeared off the RADAR. This suggests that those that will be shaken out have been. Trading interest has probably dropped to a low level because there is a long time to wait before the next results. Only events that might help sp to break upwards are good wins and another purchase from TR likely before close period (when might that be, I wonder) I would have thought.

Still have a decent holding, somewhat above the virility level! Looking back at calculations prior to the interims, the sales forecasts on this thread were good with perhaps some business carried forward to H2. The lesson learnt was the rise in overheads. However, without repeating the calculations, the best way to look at H2 is to take the trend lines in both sales and overheads. Thus I think sd's projections are now cautious. The team are clearly still very busy and the AIM market is flourishing and likely to continue to do so. Best just to tuck the shares away and wait. Difficult for the likes of me to do that at the best of times. Still the golf game is returning!

Eric

moneyplus - 15 Sep 2005 15:28 - 1549 of 2787

Will do Eric--may even add when funds permit. enjoy your golf--very rainy here in Devon.

markusantonius - 15 Sep 2005 20:07 - 1550 of 2787

mmmmh - the spread has widened again today = not a good sign. But hopefully that'll be just for small volumes of online trading?

butane - 16 Sep 2005 08:01 - 1551 of 2787

Should more revenue for DGT (broker and nomad)....


Croatia Venture Plc (the 'Company')

Issue of Equity

The Board announces that the Company has today placed 3,000,000 of its shares
at 2 pence per share, raising 60,000.

The Company's shares are currently suspended from trading on AIM pending the
publication of an admission document or a further announcement. Application
will be made for the new ordinary shares to be admitted to trading on AIM as
and when the suspension of Company's shares is lifted.

Following this issue the newly enlarged share capital of the Company is
50,666,667 shares. The new shares will rank pari pasu with the existing
ordinary shares.

stockdog - 16 Sep 2005 09:21 - 1552 of 2787

Well spotted butane. Should be worth, say 10k in fees plus 3% brokerage, makes 11,800 total.
sd

markusantonius - 19 Sep 2005 17:02 - 1553 of 2787

Just heard on the news that the FTSE250/FTSE4000 are thriving (to the detriment of the FTSE100) as more companies: merge, spilt, are taken over or just drop out of the main mkt as new SME's list at the bottom end - all good indicators for our little company here...

P.S. Investing sucks - have had better times than the month of September :o(

altoid - 19 Sep 2005 17:13 - 1554 of 2787

Hi SD. Thought i'd follow you. Looking at this share, a true head and shoulders would indicate a bottom price of around .3p. It has retraced to the shoulder line in classic fashion ready for the collapse by up to 50%. I hope I'm wrong but that is a neutral reading of the chart. Looking at the fundamentals, they need to leep bringing in the clients, but preferably ones that are going to be actively doing deals. It seems that a fundamental weakness is that they don't raise funds as aggressively as some of their competitors which could hold them back.
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