Member Info for Spikeyj

i tend to agree with you that it is more likely that the company already knows the amount it is trying to raise, as distinct from the other scenario which would be continuing disputes about the overall accounts. but since you seem to object so much to 'speculation' in posts, let's note that it is also just speculation on your part to believe that the accounts are 'settled' with the amounts known.. you might be right, but the company has not actually announced that yet. (i'm not sure why you object so much to speculation on a bulletin board, or the idea of trying to analyse what the wording of RNS actually means -- i think that's partly what the bbs are for.) but let's assume for the moment that the overall nature of the FY2015 are broadly agree between auditors and company, with a known shortfall that needs to be plugged. seems a likely scenario. they have talked about needing to 'conclude' or 'finalise' a placing. i very much doubt that this relates just to the remaining £2000 re convertible bonds, since that was announced under the heading of a convertible bond issue, and those CBs are technically not a placing (- although they are in eventual effect). so they may well know how much more money they need, but still seem to be having difficulty persuading enough people to stump up at similar pricing to that paid by those two recently set-up singaporean shell companies. me, i think it is likely that they will eventually manage to finalise the placing, rather than delist, but that's just speculation on my part. : )

fair enough catch, if you really think that the hold-up is because they still need two thousand pounds more from those two investors, then of course i am happy to accept you might be right. we will find out in due course.

that seems unlikely to me, but i am not inside to anything about DAN, so i don't know. atb.

on a long term view, perhaps arable land in sub-saharan africa, tho' it ain't as cheap as it used to be, & for sure ain't low risk.

but seriously though, mr clockwork, "the Company continues to work on the funding package to allow it to publish its FY 2015 Accounts and resume trading on AIM" [note the use of the word, "allow"] "The Company continues to work on the finalisation of a placing to provide additional working capital for the Company" the implication, particularly from the first part, is they haven't yet secured sufficient finance to be able to release the accounts on a going concern basis. **if they had, then why on earth not release the increasingly overdue accounts?** if they thought they still needed to remain suspended for some other reason ( - such as an impressively large pending deal, rto, etc, where there was concern about the possibility of a disorderly or false market from information leaking - ) then they could still release the historic accounts but ask for trading in the share to remain suspended. the fact that they haven't done that suggests either that there are problems with the accounts (inconsistencies or gaps) which still can't be reconciled to the auditors' satisfaction, which would be a major concern after having had this long to sort out any 'glitches', or else that they still don't actually have viable regulatory reserves &/or cash balance for the auditors to sign off as going concern. overall, i think i preferred it when you said that you weren't going to bother responding to my posts. however, since you seem to have changed your mind about that, it would be nice to hear what you do think the company has in store, and why you think that prevents them publishing the historic accounts? not holding my breath though.

nah, macbook air user mainly

sure, you may be right, perhaps they are trying to create a pan-European empire that will last for hundreds of years. i can see that would take time. c ya later, no doubt.

amusement at your response. it was quite funny to hear DAN likened to the roman empire. perhaps allow a little humour into your life? it's only money, after all. (alternatively, if you want to be serious, perhaps offer your own view on what you think a reasonable time scale should be for a company of this size to sort out their 6 monthly accounts, & to organise a medium size placing? but i very much doubt you will do that.)

aren't watchstone the bunch who manufactured jason bourne?

3.3p worth to do with going ex-div today, gets paid around 21/12 but off s/price today. but still quite a drop.

ta

lol, they play rough

no, no at present. i decided discretion was better part of valour a while ago, so exited. i still watch with interest, but would not want to play again until i see some better evidence on delivery. (i'm not saying they won't be able to manage it, it's just from a personal risk management perspective, i prefer to stay to the side until it's a bit clearer that they can actually execute better. i do still like the overall model, but the pace has obviously been somewhat disappointing.) i'm too cowardly sometimes. fortune may favour the brave. gla.

do you remember offhand when the divi is due?

same black box games again today,on low overall volume. pl'A'y-time for the computers.

"Rome wasnt built in a day, nor did they know EXACTLY how long it would take." rome, eh? - are the new DAN offices really that big? i'm impressed.

decent chance it's at least partly from shorters buying some chunks back before the december update. delayed trades & short-tracker update will tell.

LONDONMETRIC TO PURCHASE AND FUND 356,000 SQ FT DISTRIBUTION WAREHOUSE DEVELOPMENT LondonMetric Property Plc ("LondonMetric" or the "Company") announces that it has agreed to purchase a new 356,000 sq ft distribution warehouse development at Omega South, Warrington. LondonMetric will forward fund the development by Omega Warrington Ltd, a joint venture between Miller Developments and KUC Properties Ltd, with a total expenditure of c£30 million. Upon letting, the building is expected to generate a yield on cost to LondonMetric of c7.0%. The warehouse will be built at Omega South's logistics hub adjacent to LondonMetric's recently completed 690,000 sq ft warehouse let to The Hut Group. Omega South, which is located at Junction 8 of the M62, is now considered to be a top five UK logistics hub and other occupiers include Asda, Brake Bros, Hermes and Travis Perkins. The very high specification unit will include 15 metre eaves, cross docking, 46 loading doors and 53 metre yards. The 19 acre site benefits from outline planning consent and full consent is due in time to allow construction to commence in March with completion in December 2016. The warehouse is expected to generate a rent of £2.2 million pa and LondonMetric will receive a funding coupon equivalent to 6.0% p.a. up until practical completion. LondonMetric's distribution portfolio totals £766 million, comprising 23 distribution warehouses and representing 52% of the Company's portfolio. As at 30 September 2015, distribution investments had a WAULT of 13.9 years and 60% of income was subject to fixed or RPI uplifts. The purchase will be financed from the Company's existing resources. Andrew Jones, Chief Executive of LondonMetric, commented: "Ongoing occupier demand for logistics and a lack of availability continues to drive a significant demand / supply imbalance, particularly for well-located modern assets. This will be a high specification building in an excellent and proven location so we expect strong interest and will use our extensive occupier relationships to secure a tenant."

Commenting, Ralph Findlay, CEO said: "The three year transformation of our pub portfolio towards an optimised estate is now largely complete. We approach 2016 with our business successfully positioned at the forefront of industry trends with high quality, well-invested pub assets which are fit for the future. We have great people and a growing portfolio of leading beer brands where our focus on premium and local provenance continues to serve us well. "Looking forward, we remain on track to open at least 20 new-build pubs this year and have in place a carefully selected site pipeline in key regional locations for 2016 and beyond. Whilst new-build, food-led pubs remain our core growth driver, we have evolved our strategy to capitalise upon other opportunities for expansion where we see attractive returns potential. "At this early stage of the current year trading has begun well and we look forward to building on this momentum over the months ahead to deliver another year of good progress for the Group."

PRELIMINARY RESULTS FOR THE 52 WEEKS ENDED 3 OCTOBER 2015 A high quality pub and beer business delivering strong profit and returns growth · Strong trading performance: - Underlying Group revenue up 7% to £845.5 million - Underlying profit before tax up 10% to £91.5 million - Underlying earnings per share up 10% to 12.9p - Profit growth in all trading segments despite disposals - Operating cashflow up £34.5 million to £162.3 million - Leverage reduced 0.3x to 5.1x - Return on capital up 0.3% to 10.8% - Statutory profit before tax up £90.5 million to £31.3 million · Transformation of pub estate well advanced, average profit per pub up to £100k: - 25 new pub restaurants completed this year, creating 1,250 new jobs - Continued conversion of Taverns to Franchise - around 550 now converted - High quality Leased business delivered like-for-like profit and rental growth - Average profit per pub up 15% in 2015, up around 40% since 2012 · Market-leading beer business continues to grow strongly: - Strong brand portfolio continues to outperform market with volumes up 15% - Innovation continues - Hobgoblin Gold c.20k barrels sold since launch this year - Thwaites acquisition complements strategy and fully integrated · Final dividend up 4.7% to 4.5p per share reflecting progress and confidence in strategy; dividend cover improved to 1.8 times · Well positioned for growth in 2016 - Good start to new financial year, in line with expectations - At least 20 new-build pubs, including our first new-build Tavern planned for current year, as well as 2 Revere bars and 5 lodges - Focus on premium and craft beer driving growth and delivering market outperformance