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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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carchase - 10 Jul 2005 15:33 - 1101 of 2787
Stockdog as Pth has just said a good book would be John J Murphy's. It practically cover every area, and in simple plain terms. Another book would be Chart Analysis by Brian J Millard. The rest is really picked up with experience as you go along. Some very good websites out there, but none that I can recommend over any other.
Normally I want to keep posts on TA as simple as possible, simply because to go into depth will throw people.
stockdog
- 10 Jul 2005 20:11
- 1102 of 2787
Edit: Thought the name Brian Millard sounded familiar - in another life time I read his book on Traded Options which I used to dabble in.
sd
EWRobson
- 11 Jul 2005 11:36
- 1103 of 2787
peter, one birthday rpesent from son is trip to st Andrews for Sunday - see you there?
Eric
corehard - 11 Jul 2005 16:01 - 1104 of 2787
corehard - 11 Jul 2005 16:01 - 1105 of 2787
stockdog
- 11 Jul 2005 16:30
- 1106 of 2787
overgrowth
- 11 Jul 2005 16:49
- 1107 of 2787
It's handy to see the price moves during the day at a glance, particularly if you're looking to buy or sell.
stockdog
- 11 Jul 2005 16:54
- 1108 of 2787
markusantonius
- 11 Jul 2005 17:49
- 1109 of 2787
Peter won't be home yet - prob still smarting en route from the club after wiltering in the mid-Summer sun to a Shark Attack. With a 7 handicap allowance on our Medal, PTH was 13 strokes up (incl. h'cap) with 11 holes remaining playing some Tiger-like golf until a Shark Attack took the money and cleaned up on nearest-the-pins and - wait for it - longest drive - to win by 4 clear shots!!!!
BTW does "x0" = 50 or 60, sir, just curious? More like 30 the way you managed to beat the field round 36 holes of golf, last month!!
Well DGT are still hanging in there, I see!
ptholden
- 11 Jul 2005 18:32
- 1110 of 2787
More work on the way from Voss I would hazard. There were rumours in the national press last week that Voss were on the verge of an acquisition, up 20% today on no news. Possibly a leak? Expect confirmation soon.
Eric, can't knock a guy for taking a profit. Don't forget my commision!!
pth
corehard - 12 Jul 2005 10:35 - 1111 of 2787
ptholden
- 12 Jul 2005 21:15
- 1112 of 2787
pth
ptholden
- 13 Jul 2005 23:45
- 1113 of 2787
I have studied DGT and watched the SP movements quite closely over a period of 2 years and something at the moment is not quite striking a chord. Generally any sells of a small cap such as DGT tend to move the price more or less immediately down and sustained buying will move it up. This is not happening with DGT at the moment. Over the last week or so, sells have not moved the price down, nor have the buys had any great affect. Tie this into the fact that the MMs are just not interested in selling PIs stock (you could only buy relatively small quantities on line, 100k for most of today) in other words actively discouraging buyers..
One possible scenario is that the MMs are filling a big order at an agreed price and are are hanging onto whatever stock is sold for this purpose. They can't move the SP up because then they would have to buy outside of the set limit and lose money. They know if they drop the price, they will be over run by PIs snapping up cheap stock. and be no further on towards filling the order.
I may be way off the mark, but it does raise an interesting question or two.
Who's buying - private or business?
Are they buying for the profit opportunity on the run up to H1?
Somebody building a stake for whatever reason?
When, if at all will we find out exactly what is going on?
In the final analysis this is all supposition, and helps pass the time, but if there is any truth to this it can only do the SP good.
pth
stockdog
- 14 Jul 2005 00:38
- 1114 of 2787
sd
sidtrix
- 14 Jul 2005 09:15
- 1115 of 2787
Am also in around .45 mark however narrowly missed out topping at .35 & .37 DAMMIT!!!
ptholden
- 14 Jul 2005 09:41
- 1116 of 2787
Don't really think that 0.75p is much of a risk in my opinion, but we shall see.
pth
sidtrix
- 14 Jul 2005 09:44
- 1117 of 2787
P.S got a spare 5k to invest for short term... any decent stocks to look out for guys?
stockdog
- 14 Jul 2005 10:01
- 1118 of 2787
ptholden
- 14 Jul 2005 10:22
- 1119 of 2787
pth
carchase - 14 Jul 2005 20:03 - 1120 of 2787
Yesterday I insisted "Below 0.65p is not wanted, and to pull through above 0.75p on TA alone, a little delayed." Well both ends of the spectrum were tested today.
The TA absolutely showed no signs of a rise, it was more a case of holding what we have, and whatever chance we had on Wednesday was taken away. The MM on the other hand showed no reason to play the online limits the way they had. So why have these two issues been in conflict today?
Firstly its becoming clear that MM, DO NOT WANT THE PRICE TO DROP, and that is based on the online limits. This is because even with the strict online limits we had today, it did not deter the buyers, imagine what a drop in price and online limits will do now? They are not looking at supplying stock, but DEMANDING stock. Are they short of stock? certainly by todays actions its looking more and more that way. So the MM are stuck. By dropping will increase demand, something it looks like they cannot cope with. Going against them is the TA indicators. They are showing that there is room for them to keep testing 0.65p Mid for a little longer, or dare I say lower, but they seem more fearful to take it there. Instead they had to test 0.75p today, the other end of the range!
So what caused the intraday rise? Well for a start the clue is in the online limits. They were totally against MM selling stock to Joe Public, but Joe just could not help getting aboard anyway, thinking online limits were a clear sign that the expected break upwards was here finally.
Why did it drop back? The distressed sellers smart enough to realise that the TA was not strong anyway, used the inflated price to sell. Some traders took advantage and sold out, and down it went back to the begining again. This is safe ground for the MM. The MM will not take blame from me for this. They are trying to make a market in circumstances which are really against them. This little incident today did not help them, but to their rescue came distressed sellers while they held a large spread. Imagine what positive news realised tomorrow could do to them? I can see them diving for cover.
The window we are playing within is clear now, 0.65p mid, to 0.75p Mid. Either way, breaking these levels, will signal the confirmed direction. MACD is still declining, and I am looking for the end of the week position on this one. Stocastics are falling, but the speed is almost too slow, and has on my data broken below the 80pts mark, which signals we are out of overbought territory anyway. RSI and OBV have also declined. So todays rise was a bit premature.
Intraday once again signals that 0.65p Mid must be held at all cost.
Just add to this post which is not on iii, and that is the last three session have bought candlesticks which are totally lost for direction. We have had three days ago, the drop, with a recovery, nothing at all yesterday, and today a rise with a drop back. Its testing all levels within the box of 0.65p to 0.75p mid.
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