Business
Q3 2013 NAV Announcement and Trading Update
Q3 2013 NAV Announcement and Trading Update.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n \nRNS Number : 7471U Dolphin Capital Investors Limited 05 December 2013 \n \n\n5 December 2013 \n \nDOLPHIN CAPITAL INVESTORS LIMITED\n(\"DCI\" or \"Dolphin\" or the \"Company\" \nand together with its subsidiaries the \"Group\")\n \nQ3 2013 NAV Announcement and Trading Update\n \nDolphin, a leading global investor in the residential resort sector in emerging markets and one of the largest real estate companies on AIM in terms of net assets, is pleased to provide an update on operational progress and announce its unaudited Net Asset Value (\"NAV\") as at 30 September 2013.\n \nOperating highlights since the last Trading Update issued on 24 September 2013: \n \nADVANCED PROJECTS:\n· The Porto Heli Collection (www.portohelicollection.com)\nAmanzoe (www.amanzoe.com) \n- Amanzoe Resort's operating performance was, as expected, slower after the high season. The hotel is expected to achieve positive operating profit for 2013, its first full year of operation.\n- Construction of the four new hotel pavilions (rooms) adjacent to the Amanzoe beach club, which will provide guests with an additional luxury experience by the beach and improve the hotel's operating profitability, commenced in November 2013, with completion now targeted for June 2014.\n- A deposit was received for one additional sales reservation agreement for a new Amanzoe villa during the period, bringing the total number of villas sold or reserved to eight. Discussions with a number of interested buyers for further Amanzoe villa sales are ongoing.\n- The design and permit process for two reserved Amanzoe Villas was completed and the sales agreements are converted into final sales totalling c. €23 million. \n- In addition to the two villas delivered to date, there are currently three additional villas under construction with expected dates of completion ranging from January 2014 to summer 2014. Preparations for the construction of two further villas are already underway. \n \nThe Chedi & the Jack Nicklaus Signature Golf Course \n- The Chedi & Jack Nicklaus Signature Golf Course was formally approved as a strategic investment by the Bi-Ministerial committee, with the decision ...