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Post on this - can everyone who is paying attention please vote No at the EGM ?
10p a share is under half NAV.
hTTps://deepvalueinvestments.wordpress.com/2020/04/27/dragon-ukranian-property-vote-no-at-egm/
Cheers
This looks very unloved. Currently has cash worth about 14p, and a NAV worth around 70p a share.
This is likely going to have a mandatory offer.... I think this creates a good opportunity to make some relatively easy money - if they offer more then sell for more - if not, if you can get in low enough its very low risk for your return... Unfortunately (?) stock up quite strongly now but it might fall back... hTTps://deepvalueinvestments.wordpress.com/2017/06/01/dupd-almost-free-put-option-on-offer/
I have just bought this - trading at very close to cash, some of which is coming back via a dividend very shortly... https://deepvalueinvestments.wordpress.com/2016/02/05/dupd-it-trading-at-near-cash-value-discount-of-75/
Realisation announcement - stock barely moved - still think this is very attractive. More on my blog hxxp://deepvalueinvestments.wordpress.com/2014/01/23/dupd-beginning-to-realise-but-price-not-rising/ I recon could go to £1 (in realised value)
I'm guessing the latest pounding is coming from the increasingly violent instability rather than a company specific f-up?
now.....
big trade...another....
big buy .......
So how is it interest is lost in his stock?
Panmure Gordon reiterated its "buy" recommendation for Dragon-Ukrainian Properties and Development (DUPD), with a 122p target price. Following the recent stock market volatility, the broker notes that with a forecasted full-year NAV of 169p, the shares are trading at a 72.1% discount. Panmure also says the company has a strong balance sheet with 38.4 million dollars (23.6 million pounds) of net cash as of 30th June and no debt
http://www.investegate.co.uk/Article.aspx?id=201108111200012012M
Aloysius Wilhelmus Johannes van der Heijden, non-executive Chairman of the Company commented: "We are pleased to have reported a positive net income of USD1.8 million for the first time since 2007. We remain focused on our key objectives and look forward to delivering further progress in 2011."
Financial Highlights - NAV per share of USD2.52 at 31 December 2010 (up 1% since 31 December 2009) - Uncommitted cash of USD19m as at 31 December 2010 (2009: USD57.7m) - USD268m committed funds as at end of 2010 across 11 investments (2009: USD231.3m across 10 investments) - USD44.9m cash balance as at 31 December 2010 (2009: USD86.2m)
Operational Highlights - Strong performance in development projects - Solid progress on sales of residential properties - Substantially reinforced commercial property portfolio through new acquisition - Significant progress on completion of soft-development stage on the Obolon project
http://www.investegate.co.uk/Article.aspx?id=201105030700236978F
Panmure Gordon maintained its "buy" recommendation and 122p target price for Dragon Ukrainian Properties & Development (DUPD). The broker notes that despite the group reporting a robust set of final results, the shares continue to trade at a large Net Asset Value discount. This is too wide, Panmure added, particularly given the positive momentum in both sales and development across all of the firm's portfolio, which should provide support for future growth. Dragon shares increased 2.37p to 66p.
No news mate Very pleased here though, keeps rising slowly but surely, great graph. And we still: are at a big discount to NAV have our assets valued at build cost (expecting good upside there) have an ever improving local market my target for year end is £1.50
Any news here at all? Zoo - any updates?
Yeah it can be a tad slow at times, but I'd be very surprised if we're not back in-line with NAV (or even greater) in a year's time, I can wait a year for 100% gain! I get enough excitement/worry/sleepless nights from my oil E&Ps!
Thought you had fell off the planet! sold out unfortunatley TBH got bored! made a small profit anyhow. no spare cash at the mo to join you here or i probably would, see what the next few weeks bring GL on here (not that youll need it!)
M6RKT my old mate are you still around here?? Good RNS today, proved that the market is still there in Eastern Europe and that it is improving, so I'm back in, 10 pence higher than I sold out on 27th August! With the market improving towards pre-recession state I see no reason why this share price should not rapidly converge with it's NAV What are we now, circa 55% discount to NAV?...
gonna stick with it here, dont have a massive holding like EEE (oops) GL with your other investments pal
Hi guys, just a post to say that I'm out, just sold after the shocking report from EEE and subsequent SP tanking. DUPD could never ever be affected in the same way EEE has been, due to it's cash position. EEE's problem is that they desperately need the cash. This is what why I have been banging on about DUPD on both this board and over on EEE. However, despite the fact that DUPD have a great cash position so are safe, it is evident that the eastern european real estate market is in a far worse state than I believed. When the likes of the developments I listed below are finished, it won't be disastrous if they cannot shift them, but it isn't exactly going to be ideal. So I've taken my profits and will invest elsewhere. Good luck with whatever you guys decide to do, and I really hope by persuading you to invest here I may have reduced your exposure to EEE!!
i thought you were already in? at the end of the day when you have a great cash position and you own all of your assets outright, then why would you not expand your portfolio and be in a great position to do so?