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.
|

Walktall
- 27 May 2005 09:20
- 638 of 2787
I am not getting any details for DGT on my stockwatch. Just an empty line.
Is anybody else having this problem?
WT.
jemadi
- 27 May 2005 09:39
- 639 of 2787
It's showing as a 100% loss in my portfolio!
Jem
ptholden
- 27 May 2005 13:24
- 640 of 2787
Well, someone has the faith, nice 1,000,000 buy.
butane
- 30 May 2005 19:39
- 642 of 2787
UK tops IPO league
This is Money
27 May 2005
LONDON is likely to see a heavy flow of new stock market listings this year after its junior Aim market helped Britain attract more flotations than any other country last year, according to a new report.
Accounting firm Ernst & Young's Global IPO survey said a lot of firms prepared for an initial public offering (IPO) last year that didn't arrive.
'Despite the rush last year, there is still a backlog of good quality, rather than immature companies, waiting to come to market,' said David Wilkinson, UK IPO leader at Ernst & Young.
'These are businesses the market can be comfortable with, having properly developed business plans and already demonstrating strong profitable growth,' he added.
Ernst & Young said the global outlook was less clear after a modest number of international IPOs in the first quarter of this year and as uncertainty over oil prices, the new European prospectus directive and an overheating Chinese economy dampened optimism outside the UK.
The survey said there were 1,516 flotations globally in 2004, which raised $124bn of capital, with every major region showing an increase in activity. It said last year was the first time since 2000 that both the number of IPOs and the total capital raised increased.
Ernst & Young said the UK topped the list in terms of number of IPOs with 191 -- just ahead of 185 in the United States -- as Aim attracted small-cap firms at home and overseas.
US IPOs raised over $35bn, however, far above the $6.8bn raised in the UK. 'So far, Aim has done a conspicuously good job of running a less stringent regulatory regime without compromising its reputation,' Wilkinson said.
He said another key development was that more companies were simultaneously preparing for an IPO, a trade sale or venture capital/private equity round.
ptholden
- 31 May 2005 18:27
- 644 of 2787
Someone seems to have got bored waiting for the inevitable rise and offloaded a good chunk today. Hope it's not the beginning of some 'serial' selling. Looked like the same order going through in three 1/2 mill chunks. Incidentally, I started a thread on the AIM Index last week, wondering if the slide in the Index was over. Although the thread hasn't sparked any interest, the Index has started a small recovery since I posted (nothing more than a coincidence I'm sure).
pth
ptholden
- 01 Jun 2005 07:49
- 645 of 2787
A bit more business for DGT:
National Express Group PLC
01 June 2005
Wednesday 1 June 2005
National Express Group PLC
National Express Group purchases the London Bus Division
of Tellings Golden Miller
National Express Group PLC ('National Express') has agreed to purchase the
London Bus Division of Tellings Golden Miller PLC ('TGM'), an AIM listed
business, for a cash consideration of 20.4 million to be funded from existing
funds. The sale is subject to the approval of TGM shareholders and is expected
to complete on 17th June 2005.
TGM's London Bus Division, which is operated through two subsidiaries, TGM Buses
and TGM Middlesex, had a turnover of 23.9 million and an operating profit of
2.1 million in the year ended 31st December 2004. As at 31st December 2004,
TGM's London Bus Division had net assets of 4.8 million and debt liabilities of
2.7m.
TGM's London Bus Division operates 16 Transport for London contracts and a small
number of contracts in Surrey. As part of the sale, National Express will
acquire the TGM depot facilities at Twickenham, Hayes and Byfleet.
The acquired businesses will be merged into the existing National Express London
bus operations under the management of Travel London's Managing Director, Paul
McGowan.
Commenting on the transaction, Phil White, Chief Executive of the National
Express Group said: 'We are delighted to have acquired TGM's London bus
division. Since we entered this market in February 2004 we have been looking to
increase our market share. This transaction will double our presence in the
London bus market. I welcome TGM's employees to the Group and look forward to
integrating the business and expanding further our London bus operations.'
- E ND S -
Notes to Editors:
National Express Group entered the London market in February 2004 through the
acquisition of Connex Bus. The division currently operates out of three London
depots in Battersea, Croydon and Walworth.
For further information:
Adam Walker
Nicola Marsden
National Express Group PLC 020 7529 2000
Andrew Dowler/Ben Foster
Financial Dynamics 020 7831 3113
corehard
- 02 Jun 2005 10:30
- 646 of 2787
Tumbleweed again !
butane
- 03 Jun 2005 12:09
- 647 of 2787
Dowgate Capital PLC
03 June 2005
Dowgate Capital Plc
Director's Shareholding
1. Name of company
Dowgate Capital Plc
2. Name of director
Anthony Paul Rawlinson
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or
in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial interest
As in 2 above
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if
notified)
Anthony Paul Rawlinson
5. Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify
the connected person(s)
N/a
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and
if discretionary/non discretionary
Purchase
7. Number of shares/amount of stock acquired
1,250,000
8. Percentage of issued class
0.2%
9. Number of shares/amount of stock disposed
N/a
10. Percentage of issued class
N/a
11. Class of security
Ordinary Shares
12. Price per share
0.36 pence
13. Date of transaction
2 June 2005
14. Date company informed
2 June 2005
15. Total holding following this notification
22,750,000
16. Total percentage holding of issued class following this notification
3.68%
17. If a director has been granted options by the company please complete the following boxes
N/a
18. Date of grant / Date of notification
N/a
19. Period during which or date on which exercisable
N/a
20. Total amount paid (if any) for grant of the option
N/a
21. Description of shares or debentures involved: class, number
N/a
22. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
N/a
23. Total number of shares or debentures over which options held following this notification
N/a
24. Any additional information
None
moneyplus
- 03 Jun 2005 12:38
- 648 of 2787
Good news---shows he's got confidence! maybe a nice rise coming soon.
butane
- 03 Jun 2005 14:14
- 650 of 2787
Nice find by 'Charmer' on the other thread......
AIM
03 June 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:
Infoscreen Networks plc
COMPANY ADDRESS:
12 Great James Street
London
COMPANY POSTCODE:
WC1N 3DR
COUNTRY OF INCORPORATION:
UK
COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY:
The Company's sole subsidiary is involved in creating and providing advertising
content, media and up to date information via digital narrowcasting over plasma
and LCD displays in Malaysia.
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:
NIL
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Amarjit Chhina, Chief Executive Officer
Ang Chu San, Finance Director
Patrick Chew, Executive Director
Loh Mun San, Executive Director
Lee Montgomery, Non-Executive Director
Simon Crane, Non-Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER
ADMISSION:
Immediately following Admission:
YTL e-Solutions Berhad - 99%
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (G) OF THE AIM RULES:
None
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December
EXPECTED ADMISSION DATE:
20 June 2005
NAME AND ADDRESS OF NOMINATED ADVISER:
City Financial Associates Limited
6 Laurence Pountney Hill
London EC4R 0BL
NAME AND ADDRESS OF BROKER:
City Financial Associates Limited
6 Laurence Pountney Hill
London EC4R 0BL
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 will be available on any weekday (except public holidays)
at the office of:
City Financial Associates Limited
6 Laurence Pountney Hill
London EC4R 0BL
DATE OF NOTIFICATION:
3 June 2005
This information is provided by RNS
The company news service from the London Stock Exchange
deadfred
- 03 Jun 2005 17:38
- 652 of 2787
this is were the farm smell has gone
imho of course
see the name change has made the sp fly
and see overgrowth is still shouting about another great deal
strange how all these great deals ,a name change ,a good set of figures and this share aint flown yet
any comeback(im sure there will be roflmao)from the usual candidates
ptholden
- 03 Jun 2005 17:45
- 653 of 2787
deadfred
I take it that having been a strong supporter of this stock in the past, you gave up and eventually sold out at a loss? Hence your rather bitter post. look at the business generated this year in comparison to last, tells its own story, so no comeback required.
Interims will be out in July, perhaps you may wish to recoup your losses by getting back in before then?
pth
overgrowth
- 03 Jun 2005 18:21
- 654 of 2787
deadfred - I can't blame you for selling at a loss at the time you did, the company's future looked a little precarious then as Barclay made his parting gesture by selling out all his shares and letting Griffin pick up a good proportion of them at a dirt cheap price (with a view to getting the company on the cheap).
Nevertheless, as we've all been saying recently, we've got a new broom who has swept out the remains of the farmyard and has even changed the name of the holding company to ensure that it has his stamp on it and so that it will provide a truly independent entity as a holding company which in future will contain much more than the current trading arm - City Financial Associates.
With Tony Rawlinson as CEO, things have gone from strength to strength, and as pth says, the interims will prove that the profits are starting to roll in to the company (rather than roll in to the founders' pockets as allegedly happened in the past lol!).
As the header says, DGT are in a prime position in a booming market AND most crucially they now have the management who have the drive and committment to achieve dynamic growth.
If you dare to invest again at these levels, I'm sure you won't be talking farmyard when you're cashing in your chips after a nice 3,5,10 bagger (depending on how long you stay the course).
butane
- 03 Jun 2005 18:24
- 655 of 2787
deadfred,
"see the name change has made the sp fly" ...
Why on earth would anyone expect a name change of any business to make a shareprice fly??
"strange how all these great deals ,a name change ,a good set of figures and this share aint flown yet"....
The 'keyword' in your sentence is 'YET'....and the reason that the s/p is where it is is because it seems that no-one but us b/b holders knows about all the deals that DGT have secured...we know about them because of the research that WE have carried out, when the interims are delivered in July i believe the s/p will at least double from its present level as the true value of DGT is then fully in the public domain and the true worth of DGT is realised.
There is value in ptholden's suggestion that you consider buying back in...?
Edit...The only person who knows what is REALLY going on in DGT is TR...and he AGAIN added to his holding today....what does that tell you?
ptholden
- 03 Jun 2005 19:53
- 656 of 2787
Following the AGM and the, as I see it, a lost opportunity to issue a trading statement, I have contacted TR via email to voice my concern at what I see as a shortfall in the PR side of the company. I won't copy the entire content of the emails, but it is worth copying a few sentances:
"Since I have taken over the running of the business I am determined to deliver good results to shareholders and I do not want to be in a situation of
promising and not delivering. I believe that our business has made
excellent progress in the last few months but there is many a slip -
deals often get close to completion and for all sorts of reasons fall
away - and for this reason I want the cash in the bank before I report
to the market."
Cautious tone, which appears to be a TR trademark, but i do like the "I believe that our business has made excellent progress in the last few months..."
A statement clearly backed up by TR adding to his holding today. Incidentally my email was sent at about 1700 yesterday evening, TR's response was timed at 1820. Outstanding response time.
I responded to TR's comments with a further email yesterday evening and received a response at 0757 this morning, again, outstanding.
Answering my concerns to lack of announcements:
"We will certainly put a reference to our webite on all Dowgate announcements in
future to ensure shareholders are aware of it."
and, finally:
"I appreciate your helpful comments. I have only been running the business since
the beginning of the year and I would ask for a little forebearance. We have had
an enormous amount to sort out. The first priority is to create a really solid
business which we are making good progress towards achieving."
Good enough for me, I won't be bothering TR again, I just needed to aleviate a few concerns and will now leave the team to get on with the business of building 'a really solid business.'
pth
moneyplus
- 03 Jun 2005 20:26
- 657 of 2787
thanks pth--patience is all we need IMO.