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

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.

hawick: Many thanks for that. It's worthy of a header for a new PMK thread.

How does this affect us will it be more money for work done or less as we are broker for these.





London Town PLC
25 October 2005


25 October 2005

London Town Plc
('London Town' or 'the Company')

Proposed reduction of capital, cancellation of share premium account and share
capital consolidation

London Town today announces that it is proposing to cancel the Company's share
premium account, reduce its share capital of the Company in order to eliminate
the accumulated loss on the Company's profit and loss account and effect a share
capital consolidation.

The Company intends, conditional on the approval of shareholders and subject to
the confirmation of the High Court of Justice in England and Wales ('the Court')
to reduce the share capital of the Company by the cancellation of the Company's
share premium account, the cancellation of the deferred shares of 50p each ('50p
Deferreds') and the deferred shares of 23p each ('23p Deferreds') and the
reduction of the nominal value of each of the ordinary shares of 2p each
('Ordinary Shares') in issue by 1.95p to 0.05p, an amount sufficient to
eliminate the Company's accumulated losses ('Capital Reduction').

The Company will also be seeking approval of shareholders at an extraordinary
general meeting to increase the Company's authorised share capital, to renew the
Directors authority to allot shares pursuant to section 80 of the Companies Act
1985 (as amended) ('the Act') and to disapply section 89 of the Act. This will
enable the conversion of the Deep Discount Bonds ('DDBs') which is described
further below to take place. Further approvals to enable the Directors to do
this will be sought by reference to the consolidated share capital subsequent to
approval of the share capital consolidation.

Background
It is anticipated that, at the date the proposed Capital Reduction is approved
by the Court, the Company's deficit on its profit and loss account will be
approximately 18.7 million. This loss has arisen from the history of difficult
trading endured by the Company and would prevent the Company from paying future
dividends to its shareholders. The Company is considering its strategic options
for growing its existing business, which may include joint ventures,
acquisitions and reverse takeovers and which may, in due course, return the
Company to profitability. By eliminating the deficit on its profit and loss
account, the Company would be in a position, if it was able and thought it
desirable to pay future dividends, to pay such dividends to its shareholders.

Capital Reduction
The Company intends to implement the Capital Reduction in the manner set out
above.

The Company does not currently have sufficient share capital to eliminate in its
entirety the accumulated losses of 18.7 million. In order to eliminate the loss
the Company must first increase its issued share capital. The Horizon Charitable
Trust, which holds approximately 95 per cent. of the Ordinary Shares, has agreed
to subscribe for the necessary amount of Ordinary Shares of 2p each by procuring
the release of approximately 1.5 million of the DDBs outstanding to Sterett
Holdings Corporation.

Under the AIM Rules, the arrangements with The Horizon Charitable Trust in
respect of the conversion of the DDBs to Ordinary Shares are deemed to be a
related party transaction. The Directors, having consulted with the Company's
nominated adviser, Strand Partners Limited, are of the opinion that the terms of
the proposed conversion are fair and reasonable insofar as the shareholders of
the Company are concerned.

The Capital Reduction is expected to become effective on or around 8 December
2005.

Share Capital Consolidation
Subject to the Capital Reduction becoming effective, the ordinary share capital
will be consolidated on the basis of 1 new ordinary share of 25p (the New
Ordinary Shares) for every 500 ordinary shares of 0.05p resulting from the
Capital Reduction.

Fractional entitlements will be aggregated and sold in the market and the
proceeds distributed to the shareholders entitled to them. Amounts of less than
2.50 will not be distributed to shareholders but will instead be aggregated and
held for the benefit of the Company.

Extraordinary General Meeting
The proposals are conditional upon the approval of the ordinary shareholders at
an extraordinary general meeting of the Company convened for 5 p.m. at the
offices of Strand Partners Limited, 26 Mount Row, London W1K 3SQ on 17 November
2005 ('Extraordinary General Meeting').

At the Extraordinary General Meeting, resolutions will be proposed to approve:
(i) the increase of the authorised share capital, the authorisation of the
Directors to allot existing Ordinary Shares and the disapplication of
section 89(1) of the Act in respect of such shares;
(ii) the approval of the Capital Reduction, the consolidation of the capital of
the Company and the amendment of the articles of association to reflect
this;
(iii) the increase of the Company's authorised share capital and the granting of
authority to the Directors to allot New Ordinary Shares; and
(iv) the granting of authority to the Directors to allot New Ordinary Shares
as if section 89(1) of the Act did not apply.

Copies of the circular and form of proxy are available to the public, free of
charge, at the offices of London Town, 7 Cowley Street, London SW1P 3NB during
normal business hours for a period of one month.





This information is provided by RNS
The company news service from the London Stock Exchange

this board has gone dead has everyone gone on holiday?

WW, no, we`re all out in the yard counting our chickens, which are all looking pretty plump and healthy from here on in.

heres hoping there are still sme eggs lying around.....

current bid price 0.58 just tried to sell 200000 online and price quoted was 0.63 not that i am selling how exactly does this happen??

Dowgate Capital 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 32,500,000 ordinary shares in Dowgate, representing approximately
5.25% of the Dowgate's issued share capital.

and I don`t think they will stop there ?? once they have purchased what they want, the price will go to the next level ( 1p plus )

squelch........

It's the Usual Suspects getting hold of ever increasing numbers of shares, ie willing to pay more to increase their holding.....how much are they willing to pay for a slice of the action? and how big a slice do they want (hope they are not dieting!)

Any ideas?

GN

GN
This is my point that last week or the week before they were paying 0.48 and now they are having to pay 0.62. That is quite a high premium if the sp isn't going to move much. If they believe that any price under 1p is good for a return that this shows commitment and faith that this is a gem of a company.
My question then is where is there exit point?

Ted1 - shortly before yours, in my experience!

sd

SD
Sounds familiar. lol

Some nice buys in today must be due a tick up.

More work thanks to DUBLEM from the other thread

Type of Issue: Placing
WORLDWIDE NATURAL RESOURCES PLC
APPLICATION TO OFEX


Worldwide Natural Resources plc ("Worldwide" or the "Company") is applying to
have its shares traded on the Ofex market.

LISTING DETAILS

Sector classification:- Speciality and Other Finance
Principal activities:- Sourcing of reverse acquisitions or investments in
the natural resources sector
Corporate Adviser:- City Financial Associates Limited

BACKGROUND

Worldwide is a newly incorporated company established by Griffin Corporate
Finance Limited, a wholly-owned subsidiary of Griffin Group Plc ("Griffin"), an
AIM-traded UK and US based investment-banking business. The directors of
Griffin and the Company believe that now is the right time to seek admission to
Ofex for a new investment company that will look to make a reverse acquisition
or investments in due course.

The Company's directors' investment criteria are:-

* to acquire or invest in businesses with a focus on manufacturing or services
or technology companies in the oil and gas exploration sector in the Middle
East, Europe and Africa;

* the target businesses should be profitable or have significant asset value;
and

* the owners of the target businesses should accept a large part of the
consideration for any acquisition in new ordinary shares or other securities to
be issued by the Company.

The directors of the Company believe that their broad collective experience in
the areas of mergers and acquisitions, accounting, corporate and financial
management in relation to small and medium sized businesses will assist them in
the identification and evaluation of acquisition opportunities.

DIRECTORS

Brief details on the directors are set out below:

Stephen Dean, Executive Chairman (age 55)

Stephen Dean developed interests in the industrial support services, technology
and financial services sectors and is currently director of Firenze plc an Ofex
listed company. Mr Dean is also a director of a number of AIM-listed companies
including Pearl Street Holdings plc, Interbulk Investments plc, Euro
Investments Fund plc and Process Handling plc. He is currently Chairman of
Griffin Corporate Finance Limited.

Vincent Nicholls, Director, (age 46)

Vincent Nicholls qualified as a Chartered Accountant in 1983. He left KPMG in
1986 to become a partner in Spokes & Company and became a Fellow of the
Institute of Chartered Accountants in 1993. In addition to his continuing
partnership with Spokes & Company, he is currently finance director of Griffin
Group Plc and of a number of AIM-listed investment companies. Mr Nicholls is
also a director of Firenze plc, an Ofex listed company.

Jan Ledochowski, Non-executive Director, (age 52)

Jan Ledochowski has extensive financial and corporate finance advisory
experience. He previously has been a director at S.G. Warburg & Co. Limited
(London) specialising in domestic and international corporate finance. Mr.
Ledochowski has worked as an independent consultant and company director in
Central Europe. Mr Ledochowski's current directorships include the AIM listed
company Euro Investment Fund Plc.

PLACING

Conditional on admission of the Company's shares to trading on Ofex, the
Company's broker Seymour Pierce Ellis Limited has agreed to procure placees for
33,333,333 new ordinary shares at a placing price of 3p per ordinary share, to
raise proceeds (before expenses) for the Company of GBP1,000,000. On admission
to Ofex, the Company will have 63,333,333 ordinary shares of 0.5p in issue.

Trading in the shares on Ofex is expected to commence 11 November 2005.

The directors of Worldwide Natural Resources Plc accept responsibility for this
announcement



Contact details

Vincent Nicholls Worldwide Natural Resources Plc 01732 836 300
Liam Murray City Financial Associates Limited 020 7090 7800

Guys, In my experience big players don't pay over the odds merely in the hope that they can make the odd say 15% or so (also noting the relatively large spread here). Rather they seek multiple returns. I've bought and sold this stock from its early Abinger days and seen lots of changes en route to where it is now with better more dynamic management exploring diverse avenues and making profit, perfectly positioned in a growing market place.

Must admit that I bought back in again during the summer on 3 other posters' persuasion and soon regretted it once the Mkt didn't like their results statement and bonuses. However I now (independantly) hold the opinion that there are 1 or 2 highly positive things going on behind the scenes. Maybe not a takeover bid in 2005. But there is definitely something??? going on (IMO).....

Aim market booming-good to see this one gently rising. keep it up DGT!

Just keep an eye on the "booming" AIM and mergers and acquisition market. Just as that's all you read about, will be the moment the market has gone over top dead center, looking for any excuse to fall back suddenly without warning. Look behind you and you see all the smart money somehow got out last week. I think we may be in the final steep upward slope of the last desparate pahse of the bear bounce and the m&a binge. M&A always comes to the fore when all other methods of creating apparent endless wealth have failed.

I'm still in, but hanging on to the safety chute to make a smart exit when called upon.

sd

Fair post, Stockdog. But there will always be some "pick of the crop" companies who will still outperform regardless of what is happening around them.

I certainly see DGT as one such possibility, MA

sd

Has anyone any thoughts on the regular large
batches of sells this morning if indeed they are
sells,or have I missed some bad news?