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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butane
- 03 Feb 2006 10:41
- 1915 of 2787
sym..........roflmao..ZZZZZZZZZZZZZ
Watch and suffer....lol
markusantonius
- 03 Feb 2006 11:13
- 1916 of 2787
up +0.06p this morning already! Wonder why? :o)
butane
- 03 Feb 2006 11:16
- 1917 of 2787
mm's finally recognising DGT's true value.
canary9
- 03 Feb 2006 11:23
- 1918 of 2787
Mark, I,ve been buying!!!
deadfred
- 03 Feb 2006 11:26
- 1919 of 2787
srts watch and cry
lol
deadfred
- 03 Feb 2006 11:28
- 1920 of 2787
opt watch and cry
lol
the list goes on and on butane
lol
stevieweebie
- 03 Feb 2006 12:33
- 1921 of 2787
Come on DF you know the tune, DGT DGT DGT TRA LA LA.
MORE CHEESE AND WINE DF LOL
sidtrix
- 03 Feb 2006 13:01
- 1922 of 2787
I need to get back upto .73 to break even... will still hold on for 1-1.5p whenever that is... be it a year or maybe a month ;)
tra la la la la
butane
- 03 Feb 2006 13:04
- 1923 of 2787
Well done sidtrix.....a lesson for DF there......doubt that he will learn from you though...
markusantonius
- 03 Feb 2006 13:55
- 1924 of 2787
We need you to buy some more, Canary9 !
Paulo2
- 03 Feb 2006 13:55
- 1925 of 2787
Everything pointing north!!
Paulo2
- 03 Feb 2006 14:03
- 1926 of 2787
AIM
03 February 2006
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:
IAF Group plc
COMPANY ADDRESS:
7 Apple Tree Yard
Duke of York Street
London
COMPANY POSTCODE:
SW1Y 6LD
COUNTRY OF INCORPORATION:
England and 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:
Financial Services Business
The Company intends to revitalise its financial services business carried out through IAF Securities Limited ('
IAFS') a subsidiary undertaking. IAFS will specialise in wealth management to include providing advisory,
stockbroking, banking and specialised financial services. The first stage of this process, to establish an FSA
registered stockbroker, commenced with the submission of an application on 4 August 2005 for an ISD Chapter 10
Category A licence. The Board expects authorisation to be granted shortly following admission.
Aviation Interests
The Company also has aviation interests. The Directors have resolved not to seek any development of these
aviation interests and to diminish the focus of these activities as the financial services business expands.
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):
15,424,890 ordinary shares of 1p each in the capital of the Company in issue.
Details of further ordinary shares to be issued pursuant to a placing to be confirmed.
CAPITAL TO BE RAISED ON ADMISSION:
To be confirmed
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
David Laurence Massie (Chairman and Chief Executive)
Graham Basil Ashley (Executive Director)
Edmund Patrick Harty Barber (Non-executive Director)
Menno de Jager (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:
Before Admission
DL Massie 42.71%
N Azam 6.61%
WF Wanner Jnr 6.35%
After Admission
To be confirmed
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
To be confirmed
ANTICIPATED ACCOUNTING REFERENCE DATE:
30 June
EXPECTED ADMISSION DATE:
17 February 2006
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:
Fox-Pitt, Kelton Limited
30 St Mary Axe
London EC3A 8EP
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:
The Admission Document, containing full details about the applicant and its securities, will be available for
public inspection for a period of not less than one month from the date of admission at the following location:
DHM Stallard
37 Jewry Street
London EC3N 2ER
DATE OF NOTIFICATION:
2 February 2006
NEW/ UPDATE (see note):
New
QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:
THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE
LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTMENT STRATEGY:
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED
SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO
IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A
FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE
APPLICABLE. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:
This information is provided by RNS
The company news service from the London Stock Exchange
butane
- 03 Feb 2006 14:04
- 1927 of 2787
Watch and suffer DF...
deadfred
- 03 Feb 2006 14:06
- 1928 of 2787
lol
im lovin it
lol
cfp cfp cfp
your not the one for meee
srtsrtsrts will make me gleee(best i could do with the symbols lol)
opt opt opt
opt opt optt
opt opt opt
your the one for me
ok after three
good luck butane and all the rest of your m8 that post here
oh and stevie how can u concentrate with butanes hand up ur ass
just thought id ask
roflmao
puppet
opps ment muppet
lol
Paulo2
- 03 Feb 2006 14:06
- 1929 of 2787
It's all bloody happening today. I need a sit down!
stevieweebie
- 03 Feb 2006 14:39
- 1930 of 2787
Lol
Paulo
You must be posting on 4 different DGT threads that I know of.
No wonder your knackered.
As I stated last week over the road, I see the bid at least .8 by the August results, partly because of results but partly besause I feel that a trading statement will be issued which will be very positive.
We should break a penny this year and this time it will be on fundamentals and not due to being ramped.dont forget no-one has even tipped this yet but mark my words come the Autumn they will be doing.
I stand to be proved wrong.
Deadfred Lol no words are needed, its all in the price.
Stevie
stevieweebie
- 03 Feb 2006 14:40
- 1931 of 2787
And up we go again
Lol
stockdog
- 03 Feb 2006 14:47
- 1932 of 2787
Paulo
I make us 12k above 50% of estimated 1.35m overhead less 33% operating profit for bonuses so far without counting any advisory fees for admission of Strontium, White Star and IAF - I have their quarterly retainers in, but nothing for initial advice on admission - any ideas what to allow anyone for each of these three?
After one month of the year, only another 23,500 retainer fees required to hit my H1 target of 387,500 and another 195k for advice and commission to hit 525,000. For H2, only another 131,500 to hit retainer target of 495,500. Over the weekend, I'll think about upping my targets for 2006.
Although nice rise on double average volume, it's still only 17 trades with nothing greater than 5,000 spent and one or two quick profit takers - so PI's rather than institutions, but then they'd swamp it with one trade - probably can't get near it without sending the price into the stratosphere.
35% rise in a week on one of my two main (3 X normal weight) holdings based on solid fundamental value results, not speculatiive flurry, is terrifiic. Now TR can report solid 2005 results with fantastic future prospects as well. Fascinated to know how 2005 turned out - was I close or as wildly out as I was for H1 2005.
Very happy with this week - sorted out my portfolio last Friday, kicking out the dogs (ouch!) and am up 17% across the board since Jan 1 (but don't ask me how I screwed up last year, although I didn't lose anything!)
Good luck everyone - it can only get better!
sd
corehard
- 03 Feb 2006 15:11
- 1933 of 2787
Hi all !
Good to see some of the strong silent posters back... along with the Dead ones !!!
ptholden
- 03 Feb 2006 15:15
- 1934 of 2787
Afternoon all,
Looks like patience is beginning to pay off for the longer term holders. Not sure why the SP should start to be rising like this, on what is relatively small volumes. I do get the feeling that something is going on behind the scenes (filling a large buy order?) or something of that ilk perhaps.
Buisness is looking good once again and assuming that they haven't gone mad on H2 bonuses DGT will report an operating profit for last year.
Anyway, whatever is going on, I'm happy to hold.
pth