Member Info for dickies

It's always good to have a contrary view - although not sure I agree with the implied issues in posts, which seem to be that the profits aren't real, the new business isn't going to add anything / be sustainable, etc.

Yes the results are solid for first half of year - bearing in mind additional benefits from exchange rates up to June vs last year it would still be c 10% plus rise in revenues. What it really shows is the margins though, where even a small increase in income adds significantly to bottom line. I await the outcome on the reorganisation and what level of dividend they intend to pay with interest based on these figures!

It will be interesting to see what the maiden interim dividend is, along with the 6 month figures. I would be reasonably happy even with a token figure (I.e 0.01p which would only be 56k pay out) as it it's getting the principle started that matters and if profits continue to grow as they have been it will soon be considerably more. Longer terms the stated aim is c 50% of profits so could be a good payback rate even at current share price. 9p seems a bit high for near future unless there is a huge rise in profits but I expect it will be higher rather than lower incoming couple of months

I wouldn't be surprised. I'm sure the will catch on if lots of shares are purchased 14% below the market value in Aus!

Did you read the prospectus at GIS acquisition? The intentions on dividends pretty clear in that.

I hope we will get there soon and was pleasantly surprised when checked share Price just now - pretty much at my own break even now but I hope/expect to see in the black soon!!

I have also just purchased some more having seen finally rig on site at lidsey (have to wonder is anyone other than the few on this board interested in buying Dor?!). Given activity over next few weeks with both this, aus listing and (hopefully finally) update on brockham) surely the must be some sort of reaction in share price. 5.9m mcap when compared to other Weald players?

On first read, everything I was hoping for in these & at upper end of my expectations for ProfIts. But most pleasing is the note on reorganisation to enable dividends in future, which is what a few of us were really waiting for - at current earnings per share if they follow through with the 50% figure for divisends/retention then that would be a nice 8-10% divi for me Of course that may change with investments in business expansion, but I real step in right direction

Prospectus says 3rd October for ASX listing. Good news either way

Thanks for posting link - I will have to give it a proper read but see the 1.2m bottom line profit figures takes into account the 500k right downs for the legacy investments so looking good at first glance. Will have to go through to see on the new ventures - see a reference to £200k investment post April associated with the bonds Thanks

Personally I was expecting slightly higher sales figure - based on these second half of year we've not see the rise previously seen over first half, even with favourable exchange rates - and the write downs, whilst necessary to clear some of the historic issues/ beneficial for tax purposes, meant that I'd downgraded My expectations from 1.2-1.6m profit to 0.9-1.2m / share price of 2.25-3p (I.e where we are now). That said, good to see more buys from the director heading up the new bond scheme - suggests he is confident it will be a success, especially with all his other things purchases over past year

I would assume the relevant word you've omitted Dougal is developers i.e. Either building or renovating property and selling for a profit rather than buying and holding for indeterminate period. I've no comment on the risks or otherwise in property sector or the quality of loans and will await updates from company before making any judgement on that. I have a more positive base view of the company than you so will see what comes out.

Agree (I hope anyway) My expectation is somewhere between 1.2 & 1.6m net profit (I'm assuming booked costs of 0.5m for hk so very much dependent on how that pans out for last fy) and so value between 3-4p. No dividends Announced. Would like to see a clear indication on new ventures expectations in near future and how and when these will enhance earnings

Yes it's documented in the original prospectus for gis acquisition. Book value of c. £350k at the time from recollection.

Better than I was expecting for second quarter, even with the benefits of currencies taken into consideration.

I'm always suspicious with Ebitda releases so was disappointed to see it in the recent release. That said, excepting some tax, what costs do people see coming in to play here to eat into the figure? No loan repayments, money in bank, not much on the books to depreciate? Am I missing something obvious here?