George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I feel as though I have been waiting for this moment for 6 months. Clearly they had a cash flow issue with all those un collected receivables and the financial demands that the jungle book production entails. Nice to see the placement is at a premium. This clears up finance issues for the time being. I am here for the Jungle Book movie and all the surrounding merchandising so will wait for 2015 quite happily. Concerned at the SP drop but this financing clears away financial worries. Should see some partner news on Jungle Book before too long. Hope we get a major US partner who will provide finance and access to cinema chains to facilitate the film launch. The rest of the business is sound, MC is miniscule and the PE ratio is ludicrous.
Significant placing BUT at a premium to the current share price at 20p.. Also company will start paying dividends from next year so hopefully the share price is at its low point and may now start to re-rate? gla
Can anybody remember when we last had some? Also a director buy would be a novelty. Starting to lose patience here.
Shareholders equity per share (NAV) has moved from £1.33 (on 31/03/11) via £1.29 and £1.32 to £1.31 (on 30/09/12) ... using 36 million shares and $1.6 = £1 ... Hoping something in all that equity is still worth owning?
I'm a top drawer character... ..waiting for clear visibility that this crowd can manage their wc (not lav)
Think I am loaded up to the max here, will keep them in a drawer and benefit further down the line, great medium term prospects
may need to get that wad out again opinion only/not advice!!!
I know this as it was mine
The comment I put at the bottom of my previous post is a load of bleedin nonsense IMO!
Extract from page 64 NOTE N - LOAN TO SUBSIDIARY * As per the shareholders’ loan agreement DQ plc has given an interest free loan amounting to USD 35,912 thousand) to its subsidiary DQ Mauritius. Fair value on initial recognition of the loan has amounted to USD 19,296 thousand assuming an interest rate of 8% per annum and repayment period of 10 years. As at 31 March 2012, the fair value of the loan outstanding amounted to USD 18,464 thousand (31 March 2011: USD 17,144 thousand) *** My comment *** 25% of this loan could be another asset to DQE holders? But not clear to me how it fits on the group balance sheet.
From page 48 … note1 “General Information” My interpretation is … DQE (DQ plc) holds 100% of DQ Mauritius which holds 75% of DQ International (India) which holds100% of DQ Ireland. … not sure who owns the 20% of the associate, but its only worth circa £2m anyway IMO. On scanning the remainder of the document I think DQE is 75% of the Indian subisidiary +£2m and not much else because DQ Ireland gets very little further mention (tax dodge type thing?).
Extract from page 37 (Corporate Governance Report) *** “DQE maintains an investor relations section on its website www.dqentertainment.com to assist with shareholder communication”. * Also on page 37, Tapaas received total remuneration of circa $500,000 for the year.
..
just bounce imv.. like the romance of title but watch working capital / receivables in next update / reports....
Came back up when the rest of the markets got a shafting, does that say something?
yep bounce has got to be decent play imv....but I'll be out for much of my holding now around 7.5p i reckon
Sorry didn't mean fall another 10p (lol) I meant another 10% to 16-17p
Not yet, funds spread across too many shares to add here - unless it falls another 10p (my average is 21p so not too worried yet). Got CAP at 6.45p and reckon it will be back to 7-8p this week as it was really a reaction to the switch of 20 million share holding. HHR results Thursday so expect fireworks - maybe VMP too GL
r u topping up, kn?
The share price is getting a bit silly now isn't it? Note the recent RNS were the company clearly stated it was a priority to reduce the debtors total in the March quarter - does no one actually believe them?
difficult to say...but I'm worried about receivables DoH & quality...so I'm holding off despite the romance of the titles ..r dqe gonna collect on sales?? opinion only
The CEO owns 12.66% of the company. His interests are aligned with shareholders http://investors.dqentertainment.com/significant-shareholders
good extracts...all a bit troubling
Extract from page 22 (Retention Strategies) of FY accounts ending 31/03/12 *** "We prominently believe that the success of the company is built in with retaining of critical talent. It is predominantly given higher preference than hiring for the success of our company". * My Comment * The company’s attitude to the importance of key staff strikes me as arrogant, irrational and dangerously dismissive of the need for good & prudent financial common sense. *** General observation on skim reading pages 22-27 *** DQE is doing a hell of a lot of stuff HR / Staff Welfare related … which may be a characteristic of operating in India … or could be a result of a dysfunctional / over powerful HR function? *** Extract from page 29 (About the executive chairman, Tapaas Chakravarti) *** "Tapaas believes in individual excellence to be integrated into a well-knit teamwork and unstinted support to ethical business practices. This has lead to the creation of a large workforce in DQE, cohesively knit together with very high quality business, operational and creative leaders driving the exceptional growth of the company. He is a part of several national and international charitable organizations, …" *** Extract from page 31 (Directors Report) *** "The challenges faced by key global economies have had trickledown effect especially in terms of the interest rates hikes, delay in collection of receivables, longer working capital cycles, increased borrowings, decrease of outsourcing work and to top the list the ever rising inflation. …blah blah …DQE remained focused on creating the highest quality of content … blah blah … and strived to distribute that content in many strategic and profitable ways." *** Other figures from the Directors report (pages 31 -34) *** Profit after tax = $7.5 million for FYE 31/03/12. Directors own less than 13% of company, Nominee type insti’s (=PI?) own 42% of company as at end of May 2012.
I'm not comfortable holding 10,000 DQE shares and for me there are lots of unanswered questions ... the most pressing of which (IMO) is ... "whats the other stuff besides the Indian sub worth?" ... also I think Indian exchange & inflation rates need consideration... re directors, I thought they already had lots of shares? .... ... I am comfortable holding 400,000 NTBR shares, and would like to form an opinion on wether or not DQE represents better value than NTBR?