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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Paulo2
- 02 Dec 2005 07:40
- 1775 of 2787
http://www.moneyam.com/quote/?stockCode=DGT
Draw the line yourself.
The trend's your friend.
markusantonius
- 02 Dec 2005 10:20
- 1776 of 2787
PTH, I've been away from this thread for a few weeks now but have kept my eyes on the sp with eager anticipation..... RIL's "accumulation" (as you put it) could well be them dictating to MM's what their top buying price is? It makes sense as the MM's will be happy to trade like this providing they can still tempt enough sellers to match all the deals. From experience, a gradual sustainable climb is better for everyone med & long term and I don't mind 3p up and 1p or 2p down as long as the trend is steadily going north.
ranoszek
- 02 Dec 2005 17:47
- 1777 of 2787
guys
anything our way from this today:
PEARL STREET HOLDINGS plc
('Pearl' or 'the Company')
Issue of Equity following Conversion of loan notes
The Board of Pearl announces that it received notification from Griffin Two
Limited on 27 November 2005, a wholly owned subsidiary of Griffin Group plc
('Griffin') to convert 150,000 of the 535,000 convertible loan note into
10,000,000 new ordinary shares of 1p each in the Company.
In satisfaction of this conversion, the Company has today issued 10,000,000 new
ordinary shares of 1p each at a conversion price of 1.5p per share.
The new ordinary shares will rank pari passu with the existing ordinary shares.
Application has today been made for the new ordinary shares to be admitted to
AIM. Dealings in the new ordinary shares are expected to commence on 8 December
2005.
Following the issue of equity referred to above the enlarged share capital of
the Company is now 95,366,292 shares of 1 pence.
As a consequence, Griffin, and the entities under the control of Griffin, now
have an interest in 15,810,000 Ordinary Shares, which represents approximately
16.7% of the enlarged issued share capital of the Company. Griffin also holds a
further 385,000 of convertible loan note.
Stephen Dean and Vincent Nicholls, both directors of the Company are also
directors of Griffin.
ENDS
butane
- 06 Dec 2005 13:49
- 1778 of 2787
New work........
AIM
06 December 2005
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
Venue Solutions Holdings plc
COMPANY ADDRESS:
Suite 38,
Pinewood Studios
Pinewood Road
Iver Heath
Bucks.
COMPANY POSTCODE:
SL0 0NH
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:
Provider of venue management technologies and services
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):
TBA
CAPITAL TO BE RAISED ON ADMISSION
TBA
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Dominic Berger, Chief Executive
Jonathan Wilkes, Chief Financial Officer
Ray Harding, Non-executive Director
Jacqueline Dunphy, Non-executive Director
Stephen Thomson, Non-executive 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:
30 November
EXPECTED ADMISSION DATE:
21 December 2005
NAME AND ADDRESS OF NOMINATED ADVISER:
City Financial Associates Limited
Pountney Hill House
6 Laurence Pountney Hill
London
EC4R 0BL
NAME AND ADDRESS OF BROKER:
J.M. Finn & Co
Salisbury House
London Wall
London
EC2M 5TA
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 Limited
Pountney Hill House
6 Laurence Pountney Hill
London
EC4R 0BL
DATE OF NOTIFICATION:
6 December 2005
NEW/ UPDATE (see note):
New
This information is provided by RNS
The company news service from the London Stock Exchange
ranoszek
- 06 Dec 2005 14:18
- 1779 of 2787
Good to see Dunn Line- TR's deal- making steady progress.
DUNN-LINE PLC ('Dunn-Line' or the 'Group')
Exercise of Option
Dunn-Line Plc, the bus and coach operator, is pleased to announce that, under
the option agreement announced on 8 July 2005, it has sold a significant
portion of its head office site at Basford, Nottingham, to a third party. Cash
consideration of 1,440,000 was received on completion, in addition to the
200,000 received in July 2005 for the grant of the original option.
The mortgage of 697,000 outstanding for this portion of the site has been
settled using the proceeds from the sale. The total profit arising from the
sale, including the 200,000 for granting the original option, was
approximately 590,000.
The portion of the site subject to this transaction was approximately 70%.
Under the terms of the agreement, Dunn-Line may lease back this portion of the
site from the new owner, at market rate, until 1 June 2006.
The Board is also pleased to announce that progress towards the acquisition of
a new site continues and an announcement about this will be made in due course.
Enquiries:-
Bob Dunn
Chief Executive, Dunn-Line plc
0115 9169000
Catriona Valentine
Rawlings Financial PR
01756 770376
butane
- 06 Dec 2005 21:07
- 1780 of 2787
Is there anybody out there??
Global Nomad
- 06 Dec 2005 22:49
- 1781 of 2787
yes
corehard
- 08 Dec 2005 09:51
- 1782 of 2787
Eric; SDog: are you guys still checking in ?
rawsthornebj001
- 08 Dec 2005 10:26
- 1783 of 2787
hi does anyone know of a website for Ril?
stockdog
- 08 Dec 2005 11:06
- 1784 of 2787
Still here - bit bored with this one, although continue to hold well overweight. Haven't kept up my income projections, so have to wait and see at results time. Not sure they have made as many deals or as much money in H2 and I never got round to asking TR if the bus group disposal fees might have been delayed to H2, instead of H1 where I had them. That would be a big plus if true.
Intrigued by RIL's ambitions and somewhat nervous that so much business still comes via Griffin. Anyone know if there is any connection between RIL and Griffin?
sd
Paulo2
- 09 Dec 2005 09:15
- 1786 of 2787
Stockdog, sounds like you're on a bit of a downer with these at the moment. If my memory serves me right we've had one admission to AIM, with one to come, three admissions to Ofex and six smaller bits of work. That's probably more than in the whole of 2002.
Not a bad H2 to follow on from the exceptional H1. Surely must be near break even for the second half and then there's the question of the bus disposal as you mentioned.
Perhaps if someone could clarify that point with TR.
ranoszek
- 09 Dec 2005 11:45
- 1787 of 2787
Paulo2
agree with you there. I think ofex is going to be the a focus of further expansion for DGT.
stevieweebie
- 09 Dec 2005 14:36
- 1788 of 2787
dont know a lot about charts but very tight grouping now on all of the indicators, this can only be a good thing surely, previously on other stocks tight bollinger bands tend to indicate a movement in some direction.
Any Chartists care to help me out here
Stevie
ptholden
- 09 Dec 2005 15:01
- 1789 of 2787
Stevie
Always difficult to tell with small caps as the spread often distorts the true picture, particularly true in the case of DGT where we see anything from 4 - 15%. Often an an increase / decrease in the daily SP is just a reflection of the spread. However, I am reasonably comfortable with the TA, but would like to see the 25MA turn upwards, which would then reflect a positive MACD. All seems a bit flat at the moment. Still think that RIL will continue to build their stake and will be very surprised if they don't have to start paying an increased premium for that stock, which 'should' provide the required impetus. Surely, they have swept up all the cheap stock now? Mind you there seem to be an awful lot of investors out there who appear ignorant of RIL and what impact their buying would have on the SP if they were to just hang on and stop making it easy for them!!
pth
nevgroom
- 09 Dec 2005 15:12
- 1790 of 2787
No connection bt AV and Griffin.
Paulo2
- 12 Dec 2005 08:16
- 1791 of 2787
Nanotech Energy Plc ('Nano' or the 'Company')
Temporary suspension
The Board of the Company announces that Adam Rodney Collins and Robert William
Long (the 'New Directors') have today been appointed directors of the Company.
Adam Rodney Collins, Executive Director
Mr Collins has held a number of senior positions in corporate finance and
private industry and has extensive experience in financial structuring, capital
raising and regulatory compliance. Mr Collins is currently a director of Impact
Funding UK Limited.
Robert William Long, Executive Director
Mr Long is currently the Operations Director and Chairman of Veras Plc, and
Veras Funding Solutions Limited. Veras is an OFT licensed credit and FSA
authorised insurance broker specialising in the provision of litigation funding
and insurance solutions to the legal profession.
Stephen Dean, Vincent Nicholls and Jim McColl (the existing board of directors)
have today resigned as directors of the Company.
The New Directors have identified an opportunity for the Company in the
financial services sector. The opportunity involves the acquisition of a
company that is involved in the funding of personal loans arising from legal
litigation disbursement funding, matrimonial disputes, and deceased estates.
The contemplated transaction and the proposed change of investing strategy will
constitute a 'Reverse Transaction' under the AIM Rules therefore the New Board
has requested that the shares of the Company are suspended from trading on AIM
until such time a readmission document is posted to shareholders and
shareholder approval given in relation to the proposed transaction.
Under the terms of the Corporate Service Agreement between the Company and
Griffin Corporate Finance Limited, Griffin Corporate Finance Limited has agreed
to provide various corporate finance services to Nano, including directors
services, general management services and the introduction of corporate finance
opportunities. Griffin Corporate Finance Limited introduced the New Directors
to Nano. In consideration for this service Robert Long has agreed to pay
Griffin Corporate Limited a fee of 150,000. There is no resulting cost to Nano
as a result of this payment.
Griffin Corporate Finance Limited under the AIM Rules is an 'associate' of
Stephen Dean and Vincent Nicholls, both directors of the Company, and therefore
the payment made to Griffin Corporate Finance Limited under the AIM Rules is
deemed to be a 'related party' transaction pursuant to the AIM Rules.
Accordingly, the terms of the payment have been reviewed by Jim McColl, an
independent director of the Company, who after consultation with the Company's
Nominated Adviser (City Financial Associates Limited) believes the terms of the
payment to be fair and reasonable insofar as the shareholders of the Company
are concerned.
Save as disclosed below, there are no further details required to be disclosed
pursuant to schedule 2(g) of the AIM rules.
Adam Rodney Collins, Age 32
Other Directorships Currently Held Former Directorships Held Within
Last 5 Years
Impact Funding UK Limited Busy Time Pty Ltd
Impact Funding Limited Cabco (Queensland) Pty Ltd
Australian Lawyer Magazines Pty Capital Equity Group Pty Ltd
Ltimited
Falcon Waterfree Technologies Pty
Ltd
Falcon Waterfree Technologies
Australia Pty Ltd
Falcon Waterfree Systems Pty Ltd
Mainsail Pacific Holdings Pty Ltd
Q.A. Automotive Pty Ltd
Top Tier Investments Pty Ltd
Waterless South Pacific Pty Ltd
Robert William Long, Age 47
Other Directorships Currently Former Directorships Held Within Last 5
Held Years
Veras Plc R.W. Salt Communications Limited
Veras Funding Solutions R W Salt Limited
Limited
Advanced Fluid Connections Plc (formerly
Oysterec Plc)
Cyprotex Discovery Limited
Cyprotex Plc
Fedsig One Limited
Life Safety Communications Limited
Akusta IFE Limited
Fedsig Two Limited
Fedsig Three Limited
Federal Signal Limited
GL Communications International Limited
Prestek Limited
Galileo Innovations Plc
Sense-Sonic Limited
Paulo2
- 13 Dec 2005 08:33
- 1792 of 2787
I'll bet this little share is feeling very unloved on this website, right before Christmas and all.
Stockdog, is there any chance you had a look at those figures? Sorry to ask, mate, but I'm a wordsmith and not a mathematician.
stockdog
- 13 Dec 2005 14:17
- 1793 of 2787
Paulo2 - sorry, 14 hours a day at the day job currently is enough fun - so my portfolio lies rather neglected - now officially all classed as long term holdings, so I don't feel guilty about not following them every day!
May have a look over the tholiday period - roll on December 22nd!
sd
white westie
- 21 Dec 2005 13:40
- 1794 of 2787
well this board has certainly died, not a post for 8 days.
has everyone gone on a long Xmas break early?
at present you can,
buy 1M @ 0.44p
sell 37.5k @ 0.4p
I see there are another 1M of sells today so AV can buy yet another 1M dirt cheap if they still want them.