Daejan Holdings (DJAN.L) 20-11-19
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