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Dowgate Capital - Capitalising on the booming AIM market (DGT)
overgrowth
- 09 Feb 2005 20:52
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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. |
 Website: www.cityfin.co.uk |
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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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EWRobson
- 12 Jun 2005 22:54
- 742 of 2787
Eric
ptholden
- 12 Jun 2005 22:55
- 743 of 2787
Have followed your lead and created my own model, which gives a H1 income of 1,102,750 with a further 312,500 income for H2 from recurring income.
A few caveats. Some of the fees are not readily available, so educated (or not so) required. I haven't gone so far as to spread some of the recurring income into 2006, but perhaps I will make a few modifications.
As you can see, we appear to be singing from the same hymn sheet, which is reassuring. Assuming the administration costs are in the 1M ballpark, DGT will definately be in profit at year end and should be reporting a turnover in the region of 1.1 - 1.3M for H1 with approx 600k profit, which equates to a re-rated mid SP of 1.10p.
pth
ptholden
- 12 Jun 2005 23:01
- 744 of 2787
Too late I am afraid, the email had already gone, but as usual, no doubt good advice from yourself. I do feel however, that on this occassion JM fired from the hip and did not do his research. Easy to look at a company's history, bang off a few lines with an attention grabbing headline rather than do some proper work. Financial Journos do have a deserved reputation on the whole for being hacks and no more. Mind you, that probably applies to the whole species!!
Told you we would be having some fun with this share.
pth
snakey
- 12 Jun 2005 23:06
- 745 of 2787
A fire fighter is polishing a fire engine outside the station when he
notices the little girl next door, in a little red wagon with little ladders hung off the side and a garden hose tightly coiled in the middle.
The little girl is wearing a fire fighter's helmet and has the wagon tied
to a dog and cat. The fire fighter walks over to take a closer look, "That
sure is a nice fire truck," the fire fighter says with admiration.
"Thanks," the girl says. The fire fighter looks a little closer and
notices the girl has tied one wagon leash to the dog's collar and one to
the cat's testicles.
"Little Pardner," the fire fighter says, "I don't want to tell you how to
run your fire truck, but if you were to tie that rope around the cat's collar,
I think you could probably go a lot faster."
The little girl pauses for a moment to think, looks at the wagon, at the
dog and at the cat, then shyly looks up into the fireman's eyes and
says......
"You're probably right, but then I wouldn't have a f*cking siren, would I?!"
ptholden
- 12 Jun 2005 23:27
- 746 of 2787
:-)))
butane
- 13 Jun 2005 09:11
- 747 of 2787
Daniel Stewart released excellent results today....below is part of the Chairmans statement to shareholders confirming the strength of the AIM market....All good news for DGT.
http://www.uk-wire.com/cgi-bin/articles/200506130700134536N.html
"AIM saw a considerable increase in market applicants many of which were advised
by Daniel Stewart. We successfully completed 12 Initial Public Offerings and 10
Secondary Offerings on AIM raising in excess of 60 million in primary and
secondary issues. There were a number of transactions worthy of particular note
including Teleunit, an Italian regional telecoms company, for whom we raised
Euros 15 million and XN Checkout for whom we raised, via 4 offerings, a total of
16 million. We were also very busy within our corporate finance department
where in addition to acting as Nomad on 15 transactions we also advised on two
reverse takeovers. We commenced the financial year with 6 AIM clients and added
28 to finish the year with 34".
stockdog
- 13 Jun 2005 09:44
- 748 of 2787
"The FTSE Small Cap index stood 2.2 ahead at 2,886.3 by 9.15 am, while the FTSE 100 was 9.6 up at 5,040.0.
Griffin Group shares were well to the fore, jumping 1-1/4 to 7-1/4 pence in response to bumper half-year numbers.
The group turned in a hefty 225 pct increase in pretax profit after a sharp rise in fee income.
Chief executive Adrian Stecyk said the strong results reflect the group's strategy to establish a number of AIM-traded investment companies.
Group fee income for the half-year went up 309 pct to 4.7 mln stg from 1.15 mln. Net assets grew to 4.99 pence from 3.82 pence a year earlier."
Nice 20% jump - no reason why DGT should not do the same or better on its interim results.
sd
butane
- 13 Jun 2005 10:06
- 749 of 2787
13 June 2005
Ashdene Group Plc (the 'Company')
Appointment of Liquidator
Further to the announcement made 19 January 2005 in which the Board announced
that it was in discussions with potential providers of finance in order to
inject new cash resources in to the Company with a view to stabilising the
Company's financial position, the Board wishes to report that these discussions
continued for some weeks and involved negotiations with creditors as well as the
need to agree suitable terms with the funders. Whilst these negotiations were
taking place a winding up petition was issued against the Company that could not
be avoided. The Company was accordingly placed in to liquidation.
Oakburn Import Export Limited, the Company's operating subsidiary has also been
placed in to administration and is likely to be liquidated in due course.
For some considerable time the Board has worked tirelessly with the aim of
resolving the Company's financial difficulties. The appointment of the
liquidator was in the Boards view unavoidable and the Board very much regrets
this highly unsatisfactory outcome for shareholders.
The directors do not expect the Company to resume trading on AIM.
End
This information is provided by RNS
The company news service from the London Stock Exchange
stockdog
- 13 Jun 2005 10:18
- 750 of 2787
ptholden
- 13 Jun 2005 19:26
- 751 of 2787
Bound to be 'fallers' along the way, so no great surprise that Ashdene are no more. Nice to see another day of consolidation following the rise last week and also a few new shareholders (or possibly those topping up). I have asked AM to import the CFP data into the chart feeds so that we have more meaningful TA to disect and discuss.
pth
butane
- 13 Jun 2005 19:55
- 752 of 2787
Creightons PLC
13 June 2005
CREIGHTONS PLC
NOTICE OF EGM
Creightons plc ('Creightons' or 'the Group') has today issued a circular
detailing the proposed disposals of its freehold interest in Units 1 to 6 Water
Lane Industrial Park, Storrington, West Sussex, giving notice of an
Extraordinary General Meeting to be held on 30 June 2005 at which resolutions
seeking shareholder agreement for these disposals will be considered.
As announced by your Board 4 April 2005 and 18 May 2005, Creightons has entered
into two contracts conditional only on Shareholder approval to sell certain
freehold property at Storrington. The first contract is with CDA Southern
Limited to sell the Unit 6 for a cash consideration of 960,000. The second
contract is with Brecon Developments Limited to sell Units 1-5A for a cash
consideration of 700,000. Due to the size of these disposals relative to the
Company and in accordance with the Listing Rules, both disposals are conditional
on the approval of Shareholders, which is to be sought at the Extraordinary
General Meeting, notice of which is set out in the circular.
Contacts:
William McIlroy
Nick O'Shea
Creightons plc (01903) 745 611
Tony Rawlinson
James Caithie
City Financial Associates Limited (020) 7090 7800
overgrowth
- 13 Jun 2005 19:56
- 753 of 2787
Ashdene brings home the fact that even if at a given time, DGT can cover all their costs by recurring income, that their prime motivation has to be getting new business because, that is the thing which will keep the recurring income covering costs and provide a healthy profit also.
This sort-of ties in with an interesting comment from "Jed Clampett" made a few days ago on iii:
"I had a word with (I think his name is) David Horner (at the AGM)(non exec director). David said that he didn't want to see Nomadships covering costs completely because then CFA would be spending too much time on "old" business and not enough on new! Don't get me wrong he is not ungrateful to his exisiting clients he merely sees it as important to get new clients. I liked his thinking... that is in line with mine."
EWRobson
- 13 Jun 2005 22:53
- 754 of 2787
Eric
butane
- 14 Jun 2005 07:58
- 755 of 2787
The spark had been lost in this guy's marriage, so he was trying to think of a way to rekindle it. One night he came from work, and found his wife asleep in bed. He thought to himself, "what should I do?" "Oh-I know." He proceeded to get under the covers and go down on his wife. Soon she began to gently squirm and moan in pleasure. After a few minutes, her body spasmed with ecstasy as she climaxed. Afterwards, the man went straight to the bathroom to brush his teeth. When he got there, the light was on and he saw his wife there shaving her legs. He exclaimed, "What are you doing in here?!?" She said, "Shhhh!," pointing at the bed, "You'll wake your mother"
corehard - 14 Jun 2005 08:59 - 756 of 2787
Several men are in the changing room of a golf club. A mobile phone on a bench rings and a man engages the hands free speaker-function and begins to talk.
Everyone else in the room stops to listen.
MAN: "Hello"
WOMAN: "Honey, it's me. Are you at the club?"
MAN: "Yes"
WOMAN: "I am at the shops now and found this beautiful leather coat. It's only 1,000. Is it OK if I buy it?"
MAN: "Sure, go ahead if you like it that much."
WOMAN: "I also stopped by the Mercedes garage and saw the new models. I Saw one I really liked."
MAN: "How much?"
WOMAN: "60,000"
MAN: "OK, but for that price I want it with all the options."
WOMAN: "Great! Oh, and one more thing .... The house we wanted last year Is back on the market. They're asking 950,000."
MAN: "Well, then go ahead and give them an offer, but just offer900,000."
WOMAN: "OK. I'll see you later! I love you!"
MAN: "Bye, I love you, too."
The man hangs up. The other men in the changing room are looking at him in astonishment.
Then he asks: "Anyone know whose phone this is?"
ptholden
- 14 Jun 2005 10:45
- 757 of 2787
pth
stockdog
- 14 Jun 2005 11:15
- 758 of 2787
stevieweebie
- 14 Jun 2005 15:20
- 759 of 2787
Your playing too much golf to get the bargains.
You need wi-fi on the links LOL
Stevie
ptholden
- 14 Jun 2005 22:22
- 760 of 2787
Is it my imagination or does anyone else think someone is offloading into the recent strength of the SP? 100,000 here, 200,000 there, sometimes a 400,000. I don't suppose it really matters, but what a strange time to be selling up. Anyway, a nice 1M buy today, plus a few others dipping in. Continues to bode well and remain pleased that last week's rise appears to be consolidated.
Apart from those few observations, what a bloody boring day. NML thread kept me entertained for at least five minutes and a nice bun fight going on over at YOO. BBs, don't you just luv 'em!
pth
snakey
- 14 Jun 2005 23:47
- 761 of 2787
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