Posted on ADVFN31 Oct 2018 09:02
The big news in the sector is the government loosening the purse strings for local authorities to use their capital reserves and borrow to build houses....the pace is going to pick up....the involvement of Darryl Eales (Rascasse) should not be understated...he is a serious player...and there must be some method in the Rascasse madnesss
There are 5 transformational steps to come...
1. Mr Dart brings a serious line of credit to the DKE table - to fund acquisitions
2. Mr Gazzard publishes a pipeline of transactions (substantive enough to give investor confidence, sufficiently nondescript to protect commercial & competitive sensitivities)
3. A series of new transactions in quick succession - I'd say, one a month for the 6 months following the line of credit becoming visible
4. Expansion of the DME plc team - perhaps with Mr Eales joining the main board & a fulltime CoSec who doesn't have a Tesco mobile phone and answers/returns calls
5. Visible & sustained revenues
The road is taking longing to traverse than anyone anticipated. But what is good for everyone to see: Mr Dart is delivering on his word - so, frustrations aside Mr Grumpy - there is every reason to remain & renew positivity and confidence...