Shares in Daejan Holdings (DJAN.L) have fallen dramatically from recent highs of 5770p. Will it continue, or is this an opportunity to pick up a bargain?

• This stock is one of the more significant fallers in the period.
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Now trading at 4870p (at time of writing). A return to previous highs would represent a rise of 18%.
• Shares -20% from 12-month highs; +3% from 12 month lows.

Latest News

23 Jul:  Daejan Holdings, the property investor,  announced a decline in end of year profit due to reduced valuation gains. Higher rents supported an increased dividend.

28 Nov:  Daejan Holdings announced that H1 profits benefited from portfolio revaluation gains, but voiced caution over its UK Business due to Brexit.

17 Jul:  Daejan Holdings said that annual net profit rose 25% as rental income and the the value of its investment property increased.

29 Nov:  Daejan Holdings announced pre-tax profits of £56.6m for the half year to the end of September, reducing from £65.1m in the previous half.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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