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Dowgate Capital - Capitalising on the booming AIM market (DGT)     

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.
Chart.aspx?Provider=Intra&Code=DGT&Size=Chart.aspx?Provider=EODIntra&Code=DGT&Si

driver - 26 Jun 2006 08:47 - 2419 of 2787

And I thought the sp was rising to the challenge of Kivver Paulo2.

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

Dil - 05 Jul 2006 00:32 - 2429 of 2787

Kivver ... barge pole job imo , good luck.

Paulo2 - 06 Jul 2006 18:48 - 2430 of 2787

And yet more work:

AIM
06 July 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:
Process Handling plc (to be renamed Clyde Process Solutions plc)

COMPANY ADDRESS:
Hilden Park House
79 Tonbridge Road
Hildenborough
Kent

COMPANY POSTCODE:
TN11 9BH

COUNTRY OF INCORPORATION:
UK

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:

Process Handling plc (to be renamed Clyde Process Solutions plc) is an
engineering-led solutions provider, which utilises its technology, expertise and
process knowledge to develop bespoke solutions for its customers.

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):

511,500,000 ordinary shares of 0.5p each

CAPITAL TO BE RAISED ON ADMISSION:
2m

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Directors:

Stephen Dean, Chairman (to retire on Admission)
Vincent William Nicholls, Executive Director (to retire on
Admission)

Proposed Directors:
Jim McColl, OBE, Executive Chairman
Alex Stewart, Chief Executive
John Hall, Executive Director
Graham Lees, Non-executive director
Bill Thomson, OBE, 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:
Pershing Keen Nominees Limited - 83.66%
SP Angel (Nominees) Limited - 3.55%

After:
Jim McColl - 21.51%
Uberior Equity Limited - 20.43%
Pershing Keen Nominees Limited - 17.01%
Atorka Group hf - 9.78%
Alex Stewart - 4.96%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
N/A

ANTICIPATED ACCOUNTING REFERENCE DATE:
28 February

EXPECTED ADMISSION DATE:
21 July 2006

NAME AND ADDRESS OF NOMINATED ADVISER:
City Financial Associates Limited
6 Laurence Pountney Hill
London EC4R 0BL

NAME AND ADDRESS OF BROKER:

Seymour Pierce Ellis Limited
Talisman House
Jubilee Walk
Three Bridges
Crawley
West Sussex RH10 1LQ

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
6 Laurence Pountney Hill
London EC4R 0BL

DATE OF NOTIFICATION:
6 July 2006

NEW/ UPDATE (see note):
NEW






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

white westie - 07 Jul 2006 08:46 - 2431 of 2787

This BB has gone as dead as the other one where is everyone?

No EW Robson or Stockdog they used to post regular and no predictions this time on H1 figures, have they lost interest or sold out?

I still hold but i am not impressed with the PR from the company and news flow only twice a year at results time they need to do better.

ww

ptholden - 07 Jul 2006 09:06 - 2432 of 2787

ww

Still here and looking forward to the Interims in August.

I think you have to accept that the nature of DGT's business does not lend itself to much in the way of news flow. Announcing that they have secured a new client is akin to any other company revealing they have achieved some sort of sale or small contract win. It just isn't going to happen. Mind you, a Trading Update every now and again would be helpful. DGT is a bi-annual two trick pony. Buy before the results and sell some time after, unless you are taking a really long term view.

pth

white westie - 07 Jul 2006 09:23 - 2433 of 2787

morning pth,

Glad someone is still around.

I was referring to trading updates when i said news we never get one.

I believe the results will be very good when announced and the SP should climb up around 1.5p (providing TR does not go silly on the bonus payments) and thereafter fall back again to around 1p as DGT can never hold onto a price rise for long it always falls back, this is something they need to address if they want to attract larger buyers ( hence news flow, trading updates) as you say its a two trick pony.

ww

stockdog - 07 Jul 2006 10:56 - 2434 of 2787

WW - Not gone away, just nothing of note to say (in between the squabbles!). Here's my last post repeated using my latest figures to end of H1 (the last two transactions posted above are part of H2) and original ones in (brackets) to see how we've moved since.

" PTH - I make a total of 826,775 (860k) repeat retainer fees earned this year so far to end H1 including H2 payments for existing clients (as of Corsie's float). I also estimate further retainer fees of 78,750 (80,000) in H2 making a total of 905,525 (940k) or 63% (65%) of my estimated 1,435k (1,425k) overhead (excluding bonuses). This compares to an estimated 48% cover last year.

On a fully annualised basis by end if H2, we would have on the above basis retainer fees of 1,047k (1,075k) against an overhead of 1,540k - 68% (70%) cover.

We should continue to improve again next year with no/low new staff and more newly acquired retainers agaisnt a more modest increase in overhead.

BTW With Constellation Group work that just about completes my target revenues for H1 of 1,454k - with still 3 weeks to go! My actual estimate revised as at 30th June is 1,445,575."

So we lost a client near the end of H1 and did not find a replacement before June 30, but altogether a goood performance with turnover up 40% on last year and half time profit of 337,230, up 16% on last year.

Mildly frustrating that TW does not seem to believe in trading updates at H1 end. Last year interims were out on 18th August - I expect a similar (possibly a tad earlier) date this year.

I am happy to be patient and remain moderately confident, with a weather eye on the number of new issues being re-priced or withdrawn since the general May down turn in the market. Will this affect DGT's market niche - my guess is probably yes, a) directly, although I believe small new companies will continue to float at all states of the market and b) by next level up NOMADs losing bigger client transactions and starting to poach smaller fry from DGT's level. TW's outlook in the interims will be crucial IMHO.

sd

nevgroom - 08 Jul 2006 08:18 - 2435 of 2787

Something I have on the Header on the thread on the "Other" site.

If anyone can fill in the "?" it would be appreciated



2006 Public Transactions
Note: This excludes retainer fees and non-publicised transactions
Contemporary Enterprises
January
0
55,000
15,000
0
5,000
75,000
I.A.F. (TFR from official list to AIM)
January
?
?
?
?
?
?
Euro Capital
January
0
35,000
15,000
0
0
50,000
Clarkson Hill
February
0
70,000
20,000
5,000
0
95,000
I.A.F. (Placing & Admission to AIM)
February
0
75,000
18,000
0
0
93,000
Strontium
February
0
40,000
12,500
2,500
0
55,000
Interbulk
February
225,000
30,000
15,000
0
0
270,000
Dunn Line
February
0
0
18,000
0
0
18,000
Practolus
March
0
50,000
17,500
0
0
67,500
Mobestar Holdings
April
75,000
0
18,000
0
0
93,000
One Charter
April
0
40,000
15,000
0
0
55,000
Atelis PLC
May
0
70,000
18,000
0
0
88,000
Ashford International Hotel PLC
May
?
?
?
?
?
?
Euro Investment Fund PLC
May
0
75,000
20,000
0
30,000
125,000
Corsie Group PLC
June
0
0
18,000
0
65,000
83,000
Constellation Corporation PLC
June
?
?
?
?
?
?
Avid Holdings PLC
June
?
?
?
?
?
?
Lakas Investments PLC
July
tba
tba
tba
tba
tba
tba
Process Handling PLC
July
tba
tba
tba
tba
tba
tba
Totals
300,000
540,000
220,000
7,500
100,000
1,167,500

corehard - 10 Jul 2006 09:11 - 2436 of 2787

Wonder if TW would pay heed to some of suggestions here !

nevgroom - 10 Jul 2006 12:55 - 2437 of 2787

That'll be TR then?
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