re: and another player sold 7%
DKN latest results have been disappointing, however Select Mutual Fund & OMP have shown interest by taking up a large holding in DKN. DKN is showing a 'buy' sign on the charts & has support at 10/11c. Definitely on the watch list.
In answer to the above post I do not know who sold but OMP was not a seller & have a rep on the DKN board.Select Mutual Fund also recently became a substantial share holder in DKN.
Director Appointment
DEAKIN FINANCIAL SERVICES GROUP LIMITED 2003-05-13 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++ NEW DIRECTOR FOR DEAKIN
Deakin Financial Services Group Limited (Deakin) is pleased to announce that Mr Peter Daly has agreed to join the Deakin Board of Directors. The appointment will be effective immediately.
Mr Daly is the Chief Executive Officer of OAMPS Financial Management Ltd (the wholly owned financial services arm of OAMPS Ltd). The appointment follows OAMPS Limiteds recent acquisition of a substantial shareholding in Deakin.
Mr Daly has had extensive experience in the insurance and financial services industries and is as a result be well qualified to assist Deakin as it implements its business development strategy.
Rob Hunwick EXECUTIVE CHAIRMAN
+++++++++++++++++++++++++ Following completion of the third quarter trading to 31 March 2003 OAMPS is pleased to reconfirm our confidence that the full year result will be at least 45% above the prior year net profit result.
The operations of OAMPS continue to develop and produce sound performances including:-
* Australian Broking: The full benefits of acquisitions over the past three years is manifesting itself as OAMPS now has a significant national branch network in place. Substantial investment in systems has greatly improved efficiencies in monitoring production and processes of this division.
* Australian International Insurance: has continued to benefit from a hardening of the markets, particularly within certain specialist niches in which Australian International operates.
* UK Broking: has continued to deliver strong organic growth and will further benefit from recent acquisitions.
As indicated above we remain confident of achieving a full year result, which will be at least 45% above the prior year net profit result. The final quarter is however very important to the overall result with a significant number of clients having policy renewal dates during that 3 month period.
We will continue our policy of informing the market of any material changes to the outlook for the Group as we pass through the final important three months of this financial year.
T ROBINSON Managing Director
DKN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
