Dunedin Enterprise Investment Trust (DNE)

Sector:

Investment Firms

Index:

FTSE Fledgling

 330.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 380.00
  • 52 Week Low: 209.00
  • Currency: UK Pounds
  • Shares Issued: 18.10m
  • Volume: 26,863
  • Market Cap: £59.73m
  • RiskGrade: 134

Dunedin to realise Alpha investment after AIM flotation

By Iain Gilbert

Date: Friday 06 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Investment trust Dunedin Enterprise announced on Friday that Alpha Financial Markets Consulting, in which it made a £8m investment in back in February 2016, had finalised terms for its conditional placing and proposed admission to the Alternative Investment Market of the London Stock Exchange.
Dunedin said that upon Alpha's admission to AIM it would realise 100% of its interest in the firm.

The Edinburgh-based group's initial investment in Alpha was valued at £9m as of 30 June, however, Dunedin said it was in line to receive as much as £16.7m in total sale proceeds, made up of £15.6m worth of capital in addition to £1.1m of income.

Dunedin also highlighted that it had a "2.1 times return" over the life of the investment as well as an internal rate of return (IRR) of 55%.

As a result of the realisation of Alpha, Dunedin said it would have cash balances of £33.2m with outstanding commitments to partnership funds of £38.3m, but estimated that just £22m of those commitments would be drawn over the remaining life of the limited partnership funds.

As of 0915 BST, shares had bumped up 6.28% to 419.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DNE Market Data

Currency UK Pounds
Share Price 330.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 380.00
52 Week Low 209.00
Volume 26,863
Shares Issued 18.10m
Market Cap £59.73m
RiskGrade 134

DNE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.94% below the market average43.94% below the market average43.94% below the market average43.94% below the market average43.94% below the market average
3.90% above the sector average3.90% above the sector average3.90% above the sector average3.90% above the sector average3.90% above the sector average
Price Trend
15.26% above the market average15.26% above the market average15.26% above the market average15.26% above the market average15.26% above the market average
0.56% above the sector average0.56% above the sector average0.56% above the sector average0.56% above the sector average0.56% above the sector average
Income
66.94% below the market average66.94% below the market average66.94% below the market average66.94% below the market average66.94% below the market average
69.53% below the sector average69.53% below the sector average69.53% below the sector average69.53% below the sector average69.53% below the sector average
Growth
88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average
87.12% above the sector average87.12% above the sector average87.12% above the sector average87.12% above the sector average87.12% above the sector average

DNE Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-20 25-Apr-19
Paid 15-May-20 16-May-19
Amount 5.00p 2.00p

Trades for 27-Nov-2020

Time Volume / Share Price
15:30 1,054 @ 331.50p
14:32 7,140 @ 338.00p
13:53 5,962 @ 324.00p
13:52 5,000 @ 324.00p
12:53 558 @ 324.00p

DNE Key Personnel

Chair Duncan W A Budge

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