07 December 2018
By Maynard Paton
Update on Daejan (DJAN).
Event: Interim results for the six months to 30 September 2018 published 28 November 2018.
Summary: The commercial property group once again delivered record first-half revenue and net asset value (NAV) figures — despite the chairman’s persistent economic and political worries. The 203-word statement gave little else away, which has allowed the share price to continue to drift and the discount to NAV widen to 50%. Such a valuation has typically rewarded patient investors of this low-profile share, and I have recently bought more.
