Member Info for Bev88

Just a case of finding well managed assets at a good discount. I have held DNE for ten years or so and attended AGMs to 'kick the tyres' of caliber of management'-finally paying off. Others are now looking less cheap-HAN, HSP and DJAN are in the frame but DYOR. Good hunting and thanks for kind words.

There was a tangable mood of optimism at this year's AGM where the previous hope of realisation of developing the huge landbank was shown to be coming to be a reality. The CEO's presentation pointed to an asset value potentially well ahead of current share price.The German unit which trades coal and other commodities is thriving and the disposal of underground mining assets has benefitted from currency movements , as most is sold for dollars. Having come through increably challenging times with a strong balance sheet things are heading in the right direction.

This has all the hallmarks of marker panic, where a steadily growing,profitable company is suddenly massively downgraded following a minor blip. Time will tell as always but one sees similar situations all the time and there is usually a full recovery.

Recent knee op. sadly prevents attendance today but would welcome feedback. I have been looking through last 10 years' accounts and uplift of sales on trading properties from valuation is remarkably constant at 3 times. Clearly current asset value must be well north of £200 per share and given the proven quality of management this has been and still is an outstanding investment in residential property.

Please bear in mind I am not qualified to advise(except in dentistry) but I don't think either is dear but maybe to wait for a slight dip. Otherwise I'm a fan of ITs and at a discount of 30% Hansa Trust stands out IMHO (again i've met the management). PCA might be woth a look in the property sphere. Good luck.

Today's D.T. piece should raise profile-flagging up massive discount to cracking assets.

Spot on Plata-felt like words from my mouth. Some twenty or more years ago following following poor forays into property I decided to stick the residue with people who knew what they were doing at a considerable discount to assets where they had major skin in the game. Hence DJAN and MTVW have been my major share holdings to which I have added on dips.When attending AGMS,especially DJAN you meet some very shrewd characters. Good luck , but with these stocks you won't need too much.

This morning's response tells you all you need to know.

The market is doing a typical over reaction to a set of results impaired somewhat purely by prudent investment in future growth. It may be that computerised selling is involved but it presents a great entry level into this cracking business.

The guy on the podcast misses the point . He might not be excited by a div of around 1.5%[albeit many times covered]. He should be excited however by the fantastic growth story of around 10% year on year from astutely managed assets with minimal borrowing with increasing dollar earning potential. As I have posted previously this is a gem below the radar of many .

So the nine elms saga can be put to bed.Much management time will have been expended on a small proportion of the portfolio but has delivered a result and confounded their critics. This can now be unleashed in the midlands ,in particular,where their contacts and expertise is proven. Onwards and upwards from here.

Almost matching last year's terrific profit resulting from rush to beat tax changes this is a brilliant set of figures. I can't imagine a better home for a large chunk of my portfolio, No gimics, just a consistently well managed investment in residential property in the south east . Borrowings are minimal and dividends generous, all at a huge discount to asset value.

Nine elms represents around 10% of assets but get most media attention. Decision to cash in on Swansea campus probably smart given ceo's background in student accommodation. Good mix of assets elsewhere managed by a proven team being driven by new leader.

This fast growing and profitable outfit has been sold down from well over 600p for no apparent reason. They operate in a great niche of corporate IT security and are expanding from their dominant position in Germany into USA at some pace.

Today's reported buys at around 10900 are clearly sells as the best price to buy is around11200-otherwise l would have been in like a shot - seems to be mischief making on part of market makers - looking forward to another solid year when results out in a month or two . Recent large purchase by CEO tells us all we need to know.

With the asset value powering up towards 1300p thanks to surge in massive holding in Ocean Wilsons the discount at which these trade is bordering on the ridiculous-matter of time IMHO before they are picked up on market's radar.

Recently came across this outfit. They are accumulating commercial properties in the provinces and extracting enhanced value. Assets are currently comfortably above share price with a good dividend and management retains a large stake. So far liking what I see.

So far the plans to capitalise Hargreaves's huge land have been purely aspirations. Now planning permission has been achieved for such a large site the market will have to reappraise. The Board deserves enormous credit for doggedly adapting to unpredictable changed circumstances making the land more valuable to build on than extract coal from. Bet against them succeeding in this new venture at your peril.

Nine elms is around 10% of assets-yet the market by its action assumes the total is suddenly worth 4% less i.e. Nine elms is worth 40% less than yesterday- just because one suitor , of many, lost interest. If a child drew such a conclusion he or she would be ridiculed- but this is the market !!

An excellent portfolio of growing , medium sized U.K. Companies at 20% or so discount to assets. Div is also good- only slight negative is the spread.