New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:35 EDTDRIIDiamond Resorts announces adoption of rule 10b5-1 plans by chairman, vice chair
Diamond Resorts announced that each of Stephen J. Cloobeck, Chairman of the Board, and Lowell D. Kraff, Vice Chairman of the Board, through their respective affiliates, has independently established a pre-arranged stock sale plan in accordance with the guidelines of Rule 10b5-1(c) under the Securities Exchange Act of 1934, and the company’s insider trading policy. Cloobeck has also advised that he expects to use a portion of the net proceeds from the sales of shares under his plan to repay borrowings under the $25M revolving loan facility entered into by Cloobeck’s affiliate Cloobeck Diamond Parent, which revolving loan facility is currently secured by approximately 8.7 million shares of company common stock held by CDP. Any sales under the plans will also result in an increased number of shares in the company’s public float, which may increase liquidity for the company’s stock. Cloobeck and Kraff informed the company that under their trading plans they intend to sell, respectively, 2,000,000 shares and 540,000 shares of company common stock beneficially owned by them at prevailing market prices and subject to certain criteria, including time parameters, minimum price levels and daily volume activity specified in each plan. No sales may take place under either plan prior to September.
News For DRII From The Last 14 Days
Check below for free stories on DRII the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2014
16:42 EDTDRIIDiamond Resorts raises FY14 income view to $74M-$106.5M from $44.7M-$77.2M
Subscribe for More Information
16:39 EDTDRIIDiamond Resorts reports Q2 revenue $209.01M, consensus $204.64M
Hospitality and Management Services revenue grew by $9.6M, or 22.6%, for Q2 compared to 2Q13. This growth was driven mainly by increased management fees as a result of the inclusion of the managed properties from the Island One and PMR Service Companies acquisitions, increased operating costs at the resort level which generated higher same-store management fee revenue and increased revenues from Club operations. Vacation Interest Sales, net grew by $19.6M, or 17.7%, for Q2 compared to the 2Q13. This growth was driven by a 4.7% increase in tours to 58,267 from 55,650;10.1% increase in transactions to 8,276 from 7,518; 10.6% increase in average transaction price to $17,713 from $16,012.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use