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.
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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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snip25
- 29 Sep 2005 00:02
- 1588 of 2787
I've said on another thread something smells here the only people who have been able to buy shares at the mid price has been the Directors,you can sell at 0.48p for the last week or so HOW MANY 7MILL and its still goin on,buy at 0.51-52p nothing less I've tried,OK its either a Management buyout or a takeover,buy now for a 40/50% gain,i have.
Ted1
- 29 Sep 2005 12:13
- 1589 of 2787
Wouldn't it be nice to have a statement like RAF today. Up 100%
stockdog
- 29 Sep 2005 13:33
- 1590 of 2787
snip25 - don't understand what you see is happening
markusantonius
- 29 Sep 2005 20:00
- 1591 of 2787
28:6 buys:sells today yet the sp goes down by 5% ??
stockdog
- 29 Sep 2005 20:27
- 1592 of 2787
"Curiouser and curiouser", said Alice.
I am totally perplexed by my entire portfolio this week - good news, seems to inspire MMs to mark the price down.
sd
markusantonius
- 29 Sep 2005 21:08
- 1593 of 2787
Sounds like Blunderland to me, Stockdog! :o(
stockdog
- 29 Sep 2005 21:26
- 1594 of 2787
Thanks - always rely upon ones friends for a word of comfort in times of need!
markusantonius
- 30 Sep 2005 00:41
- 1595 of 2787
Thanks, SD. It is comforting to know that others shoulder some of my misery in September - makes one realise that one is not alone. :o(
Paulo2
- 04 Oct 2005 08:04
- 1596 of 2787
We are not the broker, but at least it relieves the boredom. Be nice if we could get involved with Venue in some way.
Red Leopard Holdings PLC
04 October 2005
RED LEOPARD HOLDINGS PLC
INVESTMENTS
Red Leopard Holdings plc (the 'Company' or 'Red Leopard') is pleased to announce
that it has today agreed to make the following investments:
Convex Conveyancing Limited ('Convex')
Convex was founded in 2003 and is a bulk web based conveyancing platform
offering, with opportunities for creating economies of scale in a fragmented
conveyancing market. Convex has established a sophisticated, customer-facing and
transparent IT platform, and is already acting for mortgage brokers on their
conveyancing needs. In the year to 30 September 2004, it had audited turnover
of 77,000 and loss after tax of 48,000. As at 30 September 2004,
shareholders' funds were 1,445 and net current liabilities were 59,580.
In return for an unsecured loan of 50,000 to be paid out on completion in
accordance with a loan note, Red Leopard will be entitled to the following:
1. a fee of 10,000 per annum payable as soon as Red Leopard is able to procure
a further round of financing for Convex to the tune of at least 250,000;
2. an option for a period of 2 years from today to require the issue to Red
Leopard of 5,260 ordinary 1p shares, which will be approximately equivalent
to 5% of the then current share capital of Convex.
Ultimately it is hoped that Convex can be floated itself at a substantial
self-standing valuation, as the business platform further develops, with the
assistance of Red Leopard.
Venue Solutions Limited ('Venue')
Venue was founded in 2002 and specialises in the provision of venue management
technologies and services. It was initially formed as a venue consultancy firm,
attracting support from Sony. Venue now offers a suite of products and services
to the venue industry, and the directors of Venue believe that this enables
venue mangers to capture and more efficiently use information about their
customers. In the year ended 30 November 2004, it had audited turnover of
18,530 and loss before tax of 325,269. As at 30 November 2004, shareholders'
funds were 274,394 and net current assets were 167,745.
Venue is itself currently planning to seek an AIM listing in the near future.
The Company has agreed to invest the following in shares of Venue:
- it proposes to acquire from an existing shareholder 15,980 ordinary 1p
shares for a subscription of 150,000.
- it will also have the following options for a period of 2 years from
today:
o to acquire a further 8,323 ordinary 1p shares for a further
consideration of 125,000 at the time when Venue (or any holding
company of Venue) is admitted to AIM,
o to acquire a further approximately 4,994 ordinary 1p shares for a
further consideration of 125,000, assuming an underlying
valuation applicable to Venue of 12,000,000.
- In addition, Red Leopard will have the right to subscribe 100,000 in
the pre-IPO fundraising for Venue (or the holding company for Venue),
which is expected to occur in October, and, if Red Leopard does so
subscribe, then Red Leopard shall also have the option for a period of
one year to take up further shares in Venue (or the holding company of
Venue) to the amount of 150,000, on the basis of an assumed valuation
of 8 million for Venue (or the holding company of Venue).
The board of Red Leopard plc is very excited at the prospects for these
investments, which they hope will deliver substantial value to shareholders.
Note:
Clive Russell, Chairman of the Company, has disclosed to the board of Red
Leopard that Ladybridge Investments (a company in which he and his wife are
beneficially interested) has the following interests in Convex and Venue:
1. Depending on volumes of conveyancing transactions achieved by Convex as a
result of introductions facilitated by Mr Russell and others, Ladybridge
Investments will be entitled to take its percentage holding in Convex to
approximately 5% of the then current share capital of Convex. Ladybridge
Investments currently holds 1,733 ordinary 1p shares in Convex representing
approximately 1.65 per cent. of Convex's issued ordinary share capital.
Prior to the percentage holding of Ladybridge Investments ever reaches 5
per cent. of the then current share capital of Convex, a further
announcement will be made containing relevant related party disclosures.
2. Ladybridge Investments currently owns 3,500 shares in Venue, and is
acquiring a further 6,500 shares in Venue from Starlake Limited, the
controlling shareholder in Venue, as consideration for services already
rendered. In total, these shares represent approximately 2.09 per cent. of
the current issued share capital of Venue.
Stephen Thomson has disclosed the following interest in Venue:
He has been asked to join the board of Venue following the current round of
fundraising. He has disclosed that it is his intention to purchase
approximately 20,000 of Venue shares in the current round of fundraising,
which will represent approximately 0.3 per cent. of the issued share
capital of Venue at the time of the fundraising.
Ted1
- 04 Oct 2005 12:09
- 1598 of 2787
Hold on not yet, waiting for funds to clear this week
AAAGGGHHHH.
DFGO
- 04 Oct 2005 19:02
- 1599 of 2787
stockdog
of topic
Have a look at een thread
EWRobson
- 05 Oct 2005 18:19
- 1600 of 2787
Hi folk: not posted for a while;enjoying holiday in Phuket in daughter's house, partly funded by profits from SEO - before that computer crashed and was tied up with golf club business. Still have my minimum holding for virility although have had to withdraw some funds. Coming back after a while away, I have the feeling that the general evaluation of this company is too short term. First having worked with a small consultantcy company, am very aware that you tend to have periods when everyone is working their socks off and there is little time for marketing and selling and tehn vice versa. DGT deserve to be evaluated over more than this year. So what, if H2 does not exceed H1, then work is likely to have been set up for next year. Second, it may well be that TR has taken the easy money from close acquaintances but the reputation and base is being developed for growing a significant business. We would never normally have the opportunity to invest in a company at this stage of its development nor would he have the visibility to its current trading. The rock bottom cap. reflects its early stage of development but we are in because we can see the scope for development. Its achievement depends on the performance of the management team. That perhaps brings us to the key issue. Does the team have the business development capability? Suspect teh answer is that we don't know. If not, there will probably be an exit route at above the present price. If the answer is yes, we could be on a multi-bagger. I am happy to stay around for a while to see, I suspect forming a judgement from on-going statments, the mix of business, signs of growth and, probably most improtant, my own gut-feel. Not always patient but suspect it is the key virtue in this case.
Eric
ptholden
- 06 Oct 2005 12:58
- 1601 of 2787
As previously posted, something was afoot. Institutional interest can't be a bad thing.
Dowgate Capital Group Plc ('Dowgate' or the 'Company')
Holding in Company
Pursuant to section 198 of the Companies Act 1985 the Company has today
received notification that Restructuring Investors Limited has a beneficial
interest in 20,000,000 ordinary shares in Dowgate, representing approximately
3.2% of the Dowgate's issued share capital.
ptholden
- 06 Oct 2005 13:17
- 1602 of 2787
just a very quick bit of research. RIL appear to be part of a much bigger fund called Active Value Capital, who target underperforming companies and essentially shake them up. Well, they're not going to do much shaking with a 3% stake, so I would expect further buying from the fund. All very preliminary 'digging' at the moment, so please check and DYOR.
pth
white westie
- 06 Oct 2005 13:23
- 1604 of 2787
well spotted pth, where did it come from no RNS showing on the other site at present?
overgrowth
- 06 Oct 2005 13:39
- 1606 of 2787
ww,
It came zooming through to my inbox as soon as the news was released from:
http://www.companyannouncements.net/cgi-bin/newsalert?conf=299544632
This service is free and well worth setting up to alert you to announcements.
white westie
- 06 Oct 2005 13:47
- 1607 of 2787
overgrowth,
i have it set up but this has not come to me yet, i have had all the recent announcements about DGT companies since but not this one.