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.
|

Paulo2
- 24 Jun 2006 20:36
- 2409 of 2787
Good Old New Street, had plenty of fun there in the past.
Somewhere neutral will do. Picadilly in Manchester. Just down the road from me.
Time and date?
Kivver
- 25 Jun 2006 11:06
- 2410 of 2787
you had fun, i cant image that!!! me too with my friends from the bcfc. looking for a m/way station mid way stoke area. in the week best for you or next weekend.
ptholden
- 25 Jun 2006 14:51
- 2411 of 2787
Any chance you two might take your disagreement off thread? Whilst not taking sides or casting judgement either way MAM is not the place to arrange 'pistols at dawn' and detracts from the DGT discussion. I am sure if Paulo activates his email facility you can sort out the arangements in private.
Back to the subject of DGT, from 'The Business' newspaper:
AIM Investor: buy Dowgate at 0.725p
The piece is written by Luke Heron and due to copyright infringement I don't think I can post the whole article, however, a few snipets:
"Decmeber results illustrated superb prospects going forward
Price to earnings multiple of just 7.5
Shares trade on an enterprise value to earnings multiple of just over 5.6
There are no two ways about it this stock is cheap
Interim results are out in August and should confirm that the company is on course to deliver pre-tax profits of 820,000 on revenues of 3.28 million"
The article finishes with "Dowgate is a stock to buy."
It confirms what we have been saying for a long time, that DGT SP is very undervalued, guess we are going to see some activity next week.
pth
Paulo2
- 25 Jun 2006 22:20
- 2412 of 2787
Kivver, the bcfc? Ha ha ha ha ha ha ha ha! You really are having a laugh. Yeah, that stands for Birmingham City Football Club. Well done, you nonce.
The last time you saw the inside of a gym was when you were him!
You really are punching above your weight. Tuck your beer gut back in your pants and grow old gracefully. Should have realised after the christmas party thing. Who the would wanna wait that long for a sorter?!
words removed by moderator.
Paulo2
- 25 Jun 2006 22:29
- 2413 of 2787
Back to DGT. Check out C4 teletext P509. Could be a good week.
TheFrenchConnection
- 26 Jun 2006 06:00
- 2414 of 2787
Mes Amities !! ,,,,,, l am only here attracted by my favourite indicators - { 1 } volume,!! { ii }momentum and { iii } volatility coupled with divergence and MACD { simply the relationship between 2 exponential moving averages easily calculated by applying a % of todays closing price into the previous days trading average value which is typically worked out by subtracting the 26 day EM from the 12 day EMA and over that a 9 day Moving daily average of the MACD is plotted thearby giving you what is known asthe signal line which is a very usefool tool in giving you the basic trend -Theory has it that should the MACD falls below the signal lthe stock is overbought and should be sold !or vice versa ! ... Basically it is the TREND and usualy it is eeringly correct and suggests in this case DGT will see some heavy buying today.........Now what with all all these variables passing my respective tests as this is not usually a sector nor the type of company i would ever PERSONALLY touch with the proverbial bargepole . lt is not that i am risk adverse to what are true penny shares and my taking a position of 2.5 million for less than 10k as was the case with SER which should illustrate that { lncidentally l have done a lot of work on this particular stock; and would advise everyone to give them a look over....lts a stock from which i believe a lot of people will make a lot of money. Vol @ almost 100 million on both thursday and Friday of last week .Momentum took it to 1.1 mid from 0.3 mid . Recently ridded them selves of a 750 million overhang in stock. . They are so undervalued its unexplainable..Hardmns ans conservatively rated them a heavily discounted tad shy of 4p .subsequenly they jump ed from 0.3 to 1.2 before profit taking took it back to what was still a 100% GAIN ...............................................Back to DGT ......i have done a lot of work on DGT also too as did my previos employers { Out of professional interest and understanding of market perception as opposed to taking a postion} and l am far from convinced about thier case now as i was then BUT AIM has more than its fair share of dogs in the financial services sector as does the commodoties market of which i can talk with a degree of authority .Aim has become a dustbin for a plethora of mining projects -70% of which shall never achieve their business model laid out in the prospectus nor actually get around to drilling let alone producing .lt can take up to 10 years from inception to full scale production for a mining concern of any any large scale deposit . And perhaps several placings or rights issue on the way. So if assayals show at an early stage truly remarkable set of drilling results they will either be bought out or as is more than likely go bust in need of funds due to cashburn . So l assume each sector on AIM has its percentage of dogs akin to the resources sector They cannot be alone ,,,,,And to be honest the one sector which out of neccassity will HAVE to consolidate is the financial services sector itself , DGT operate in a truly "dog eat dog " cut throat environment. There is an optimum level of work and as such as i say i personally wouldnt look at them twice. There is already too much competition in a sector reknowned for rewarding itsef ,,,,,,,,,,,,,,. .But current volume allows a good trader to make money here................B./chance a'tous des vous .................,,,,,,..@+ J..
IanT(MoneyAM)
- 26 Jun 2006 07:53
- 2415 of 2787
Please note personal insults or threats have no place here and will not be tolerated.
Ian
Kivver
- 26 Jun 2006 07:58
- 2416 of 2787
Im not into childish insults, just name the place and time and we'll have a friendly chat. Dunno what all this pistols at dawn thing is about? I hope others reading this thread can see why i might be seething to be insulted so disgracefully over a nothing comment. Mind i suppose that says a lot more about her than is does about me.
Paulo2
- 26 Jun 2006 08:34
- 2417 of 2787
You've got your time and place on e-mail.
Observant
- 26 Jun 2006 08:40
- 2418 of 2787
Kivver
- 26 Jun 2006 08:57
- 2420 of 2787
its a friendly chat p, whats all this knife stuff??????, are you going to take me for a meal???????????? do you want me to bring my own fork??are you man or a mouse?? ill see you there, obviously without a knife or fork.
EWRobson
- 26 Jun 2006 12:06
- 2421 of 2787
Thanks Observant - by name and nature! Prospective pe of 4.1 says it all; even 8.2 would be low.
Very good volume today; not sure whether this can be explained by positive comment plus the FC. Notwithstanding the French prospects against Spain, then Brazil if they win (sympathy!) comments are perspicacious (don't know French for that). I suspect there is some informed buying going on: so far it has brought profit takers out but I suspect there are not many loose holders with the anticipated Prelims in August.
White Westie: interested to know where you got your Level 2 Extras from?
Eric
white westie
- 26 Jun 2006 13:33
- 2422 of 2787
Eric,
on ADVFN Level 2 its an additional feature, i have taken it on a months trial.
It was very interesting watching the action this morning.
EWRobson
- 26 Jun 2006 15:14
- 2423 of 2787
Come on. MoneyAM, where is this feature on your Level 2 - hope you're not falling too far behind!
rawsthornebj001
- 26 Jun 2006 17:18
- 2424 of 2787
Pity to see this board go the same way as ADFN's, hopefully you quality posters wont be put off adding the your valuable insights and information here.
Bullshare
- 27 Jun 2006 09:23
- 2425 of 2787
EWR: We all have the same info, its linked from Company Zone on our site!!
EWRobson
- 27 Jun 2006 14:30
- 2426 of 2787
Thanks, Bullshare. Interesting reading. Holdings not up-to-date, unfortunately. RIL are not mentioned. It says that up-to-date to today but last update actually late in 2005.
Any comment, Ian?
Eric
IanT(MoneyAM)
- 27 Jun 2006 14:40
- 2427 of 2787
EWRobson,
I will get the techies to take a look into it, it is updated regularly, but if there are no new updates in the feed from our supplier, then obviously it will show the last applicable information. I believe that we do not have RIL, but will check.
Ian
Paulo2
- 03 Jul 2006 19:04
- 2428 of 2787
Another new one:
Type of Issue: Placing
LAKAS INVESTMENTS PLC
APPLICATION TO OFEX
Lakas Investments plc ("LAKAS" 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
operating in the general retail sector
Corporate Adviser:- City Financial Associates Limited
BACKGROUND
Lakas is a newly incorporated company established by the Directors for the
purpose of making investments in the retail sector. The Directors believe that
there are a number of potentially attractive investment opportunities in the
retail sector and have decided to seek an Ofex trading facility for this new
investment company in order to make investments or acquisitions in this sector.
The Company's strategy is as follows:-
* seek to make investments in the retail sector focusing specifically on
branded goods or high quality products within the UK and Europe;
* to acquire target investments with a number of existing outlets in which the
Directors' believe there is room for expansion; 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 believe that their broad collective experience in the areas of
retail and branded businesses, accounting, and financial management in relation
to small and medium sized businesses will assist them in the identification and
evaluation of acquisition opportunities.
It is intended that the day-to-day management of any companies which are
acquired by the Company will remain the responsibility of existing management,
where considered appropriate.
DIRECTORS
Brief details on the directors are set out below:
STEPHEN KANE, CHAIRMAN (AGED 54)
Stephen is a surveyor who has held appointments as a non-executive director of
a number of UK based companies. In 1980 Stephen became an equity partner in
Elliot Son & Boyton with overall responsibility for the Retail and Leisure
departments of the firm's three offices in London, Birmingham and Leeds. On
the merger of Elliot Son & Boyton and Chesterton plc Stephen established
Stephen Kane & Company, Chartered Surveyors.
Stephen has been involved in growing a number of businesses for floatation and
sale such as Music Market, Break For The Border Group and Hobbs.
SHAZAN ISSIQ QURESHI, CHIEF EXECUTIVE OFFICER (AGED 32)
Shazan is currently a director of Creation ADM (UK) Ltd, a marketing company
and Pegasus Ventures (UK) Limited which provides corporate services to the
Company under the terms of the Pegasus Agreement.
Shazan was a director of Urban Logic (UK) Limited and certain of its
subsidaries prior to its sale to Damask plc, an AIM quoted company.
Shazan previously worked for Morgan Kemp & Partners Limited in Manchester, a
specialist in direct marketing and branding.
WARREN BOMSZRYK, FINANCE DIRECTOR, (AGE 45)
Warren is a passed finalist of the examination of The Chartered Institute of
Management Accountants (CIMA) and has an MBA from the Manchester Business
School and a BSc. In Management Science from UMIST.
Warren is currently a director of Sizedirect Enterprises Limited and Driving
for Pleasure Limited. Warren previously worked for Brent Inks and Coatings
Ltd, a subsidiary of Brent International plc.
PLACING
Conditional on admission of the Company's shares to trading on Ofex, the
Company's broker, Midas Investment Management Limited has agreed to procure
placees for up to 150,000,000 new ordinary shares at a placing price of 1p per
ordinary share, to raise proceeds (before expenses) for the Company of up to
GBP1,500,000. On admission to Ofex, the Company will have up to 250,000,000
ordinary shares of 0.1p in issue.
Trading in the shares on Ofex is expected to commence on 19 July 2006.
The directors of Lakas Investments Plc accept responsibility for this
announcement
Contact details
Shazan Qureshi Lakas Investments plc 0161 236 0123
Liam Murray City Financial Associates Limited 020 7090 7800
Website: N/A