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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| De La Rue Plc | LSE:DLAR | London | Ordinary Share | GB00B3DGH821 | ORD 44 152/175P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.00 | -1.25% | 79.00 | 186,198 | 11:01:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 78.20 | 79.00 | 80.40 | 78.00 | 80.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Printing, Nec | 349.7M | -55.9M | -0.2854 | -2.77 | 154.75M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:07:13 | AT | 101 | 79.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/4/2024 | 11:23 | ALNC |  De La Rue says yearly profit to be in line with expectations |
| 17/4/2024 | 07:00 | UK RNS | De La Rue PLC Pre-Close Trading Statement |
| 16/4/2024 | 11:52 | UK RNS | De La Rue PLC Holding(s) in Company |
| 16/4/2024 | 10:59 | UK RNS | De La Rue PLC Holding(s) in Company |
| 03/4/2024 | 09:56 | ALNC | IN BRIEF: De La Rue renews contract with Microsoft for five years |
| 03/4/2024 | 07:00 | UK RNS | De La Rue PLC Extension of contract with Microsoft |
| 02/4/2024 | 11:25 | UK RNS | De La Rue PLC Total Voting Rights |
| 07/3/2024 | 13:04 | UK RNS | De La Rue PLC 2023 AGM Voting Update |
| 23/2/2024 | 14:06 | UK RNS | De La Rue PLC Additional Listing |
| 29/1/2024 | 16:14 | UK RNS | De La Rue PLC Holding(s) in Company |
De La Rue (DLAR) Share Charts1 Year De La Rue Chart |
|
1 Month De La Rue Chart |
Intraday De La Rue Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/4/2024 | 16:23 | *** De La Rue *** | 2,888 |
| 14/4/2023 | 21:03 | De La Rue - world 's largest commercial security printer and papermaker | 1,350 |
| 15/3/2021 | 08:29 | DLAR blockchain - breaking out | 2 |
| 22/11/2005 | 13:57 | The Official De La Rue Thread | 110 |
| 19/2/2003 | 00:16 | De La Rue - Wins the right to pring UK Bank Notes.. Should virtually double .. | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:07:13 | 79.00 | 101 | 79.79 | AT |
| 10:05:25 | 79.00 | 121 | 95.59 | AT |
| 10:03:37 | 79.00 | 24 | 18.96 | AT |
| 10:03:37 | 79.00 | 45 | 35.55 | AT |
| 10:03:37 | 79.00 | 194 | 153.26 | AT |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by De La Rue Daily Update De La Rue Plc is listed in the Commercial Printing, Nec sector of the London Stock Exchange with ticker DLAR. The last closing price for De La Rue was 80p.De La Rue currently has 195,886,314 shares in issue. The market capitalisation of De La Rue is £154,750,188. De La Rue has a price to earnings ratio (PE ratio) of -2.77. This morning DLAR shares opened at 80p |
Posted at 07/3/2024 11:23 by mickyl Hopefully an improving set of financials, as talked up by Clive Vacher re the market changing for the better, will spur the share price beyond £1.10. Takeover then a real possibility as business will be stabilising. |
Posted at 10/1/2024 17:01 by wbodger In theory, perhaps. But they will be aware how much of a loss/gain they expect, that's human nature.I didn't go back much before the capital raise, because CA have mentioned in communications that they initially made a gain after the capital raise. Here are some pointers (DYOR): AR-to-EndJune-2023: In July 2020, De La Rue completed a £100 million fundraise which was priced at 110p per share.The Fund [CA] was the largest investor in this raise and ended up owning around 18% of De La Rue’s issued share capital. Following a significant rise in the share price, the Fund reduced its exposure and reverted to being a 10% shareholder. Previous Year. AR-to-EndJune-2022: Additional investments and shareholder returns were funded by reducing the Company’s shareholding in De La Rue ... The holding in De la Rue decreased to 9.8% of De La Rue’s equity (2021: 12.3%)... This does not tell us much about how much profit or loss was made selling down from 18% to 10%. It is likely the shareholding they had before the 2020 capital raise took a hit, and if they paid over £4 a share for it, a big one, but raising the holding to 18% at a price of £1.10 would have averaged it down. £1.10 is therefore not a bad starting point for a guess. Averaging between £1.10 on 10% and £0.50 on 6% gets me to about £0.87 blended on the current 16%. |
Posted at 08/1/2024 13:12 by wbodger I estimate that CRS are probably holding their DLAR shares at a price of around upper-80 pence, based on 10% residual holding at the issue price they participated in, £1.10, and then 5.25% in the deep plunge to under 50p before better than expected results. If so they may be holding on in the expectation of continued progress in recovery since they are close to a profit on the investment. Bernstein tweeted that CRS thought DLAR should be trading at £1.02 per share, an opinion that has probably changed upwards.Anyone have any more recent informed comment on what might be the market expectation now? Is this re-rate driven by bid speculation or recovery in prospects? My guess is: the re-rate is driven by the fact that CRS might accept a bid at about a 20% premium to the present price, because of CRS's own circumstances. There is also a hope that continued improved trading might raise some analyst expectations, so there is a perishable opportunity for an opportunist bidder. |
Posted at 29/12/2023 09:14 by boll KoobaCrystal Amber are winding down and returning money to shareholders. They have quite a large shareholding which would have to be sold over an extended period potentially depressing the share price over this period. If they want to complete their wind down of activities then it would be in their interest to dispose of DLAR shareholding quickly and so potentially result in an undervaluation of the company as a whole. That is the rationale as they have a shorter t term view potentially than other shareholders. This is not to say it will happen it just increases the likelihood, |
Posted at 29/12/2023 00:40 by boll The interests of Crystal Amber do not necessarily line up with those of other DLAR share holders. It would suit Crystal Amber to dispose of their shares in DLAR to a bidder potentially at a lower valuation of DLAR. Their large holding is basically a strength to them allowing them to influence decision making and a weakness as lack of liquidity within the market prevent them from quickly realising value. I think also that Crystal Amber has largely been a failure as an activist shareholder as it is effectively being wound up. I am a shareholder in DLAR and am broadly supportive of the current management. The level of legacy issues pre 2020 eg Portals, loss of passport contract and pension deficits within a largely cyclical business has severely impacted the existing management team. At least now there are signs of improvements within the markets the business operates in |
Posted at 28/12/2023 18:30 by agnes Wigmammer, never let the facts get in the way of a narrative! You're right that Crystal Amber doubled its holding but in July 2020 at 110p- it invested £18 million as part of the £100 million rescue placing. It increased its stake to 18%. When the share price went above 200p in 2021, it sold back down to under 10%- so it took a good profit. It then bought another 8% of DLAR this summer at 41p a share.As for July 2019, the previous CEO Martin Sutherland managed to lose £18 million in a bad debt to the Venezuelan central bank when sanctions came in- that didn't stop Sutherland receiving a £180k bonus though- as it was linked to sales and pre-exceptional profits! You clearly have some gripe with Crystal Amber- then I guess you should hope for a De La Rue share price collapse- as it will hurt Crystal Amber- 20p down on De La Rue will take 8% of its NAV- ouch! |
Posted at 20/12/2023 09:12 by kooba The Times commentMoney talksProof that shareholder activism works. When investors ganged up in April to force out chairman Kevin Loosemore, De La Rue had just delivered its fourth profit warning in 16 months. The big worry? That without a change at the top, the banknote printer would loosemore money. In came Clive Whiley. The share price since then? Up from 40½p to 77p, even allowing for a 5 per cent dip on the half-year results.Yes, the business, in which activist investor Crystal Amber holds a 17 per cent stake, still lost £16.8 million pre-tax. Yet there are clear signs of progress. Net debt of £82 million is better than the £100 million guidance, boosted by an operating cash inflow of £15.4 million versus last time's £2.8 million outflow. The currency order book has doubled since September to £220 million. And the pension deficit's actuarial valuation is down to £78 million.Whiley found a group "struggling to balance conflicting stakeholder objectives", with £3 million of adviser fees "suffocating" recovery. He says he provided "air cover", allowing the other Clive - chief executive Clive Vacher - to focus on operations. Whiley also hints at better to come, with the results a "springboard to optimise the underlying intrinsic value of the business", even if De La Rue denied that was code for luring a bid. Whatever, it has no longer got such as big a licence to lose money. |
Posted at 18/12/2023 11:56 by wigwammer Bit odd to believe that a takeover is more likely now than 6-12 months ago - the share price has doubled adding £70-80m to the price tag. That's nearly the value of the debt itself, which is also rising... Nor is it clear why a buyer with deep pockets would have been concerned by the debt covenants in the first place. That's one of the benefits of having deep pockets.... Fingers crossed we see further evidence of recovery, certainly did the job in June :) |
Posted at 25/10/2023 09:51 by kooba Crystal Amber DLAR largest holder commentary with todays results.De La Rue plc ("De La Rue")We have previously explained how De La Rue stands out as a case study of how poor leadership is the ultimate destroyer of shareholder returns. The company has a long and proud history, having been established in 1821 and has been printing banknotes since 1860. In 1982, the share price was 617.5p. Forty-one years later, it traded at below 30p. Ten years ago, De La Rue paid an annual dividend of 42.3p a share. In 2019, the dividend was shelved.In July 2020, De La Rue completed a GBP100 million fundraise which was priced at 110p per share. The Fund was the largest investor in this raise and ended up owning around 18% of De La Rue's issued share capital. Following a significant rise in the share price, the Fund reduced its exposure and reverted to being a 10% shareholder.As early as January 2022, the Fund publicly highlighted operational and strategic mistakes at De La Rue. Rather than engage constructively, management was completely dismissive.Last September, the Fund commented that it believed that De La Rue was in a critical position, with essential strategic decisions required. In July 2022, the Fund wrote to the Chairman and Chief Executive of De La Rue to request that Crystal Amber, as a 10% shareholder, be invited to nominate a director in a non-executive capacity. After more than two months of procrastination and attendance at several meetings, the proposal was rejected. The board of De La Rue then called a meeting of shareholders to vote on the Chairman's future. In December 2022, the Chairman was re-elected. Following a profit warning in January 2023, the Fund requisitioned a meeting of shareholders in March 2023 to remove Chairman Kevin Loosemore. Following a further profit warning in April, his position became untenable and he resigned.In May 2023, Clive Whiley was appointed Chairman. By the end of the following month he was able to successfully negotiate a reduction in contributions to the pension plan, revise and relax banking covenants and secure the removal of the material uncertainty going concern audit qualification. Against this improved backdrop and with increasing evidence of a cyclical upturn in the currency market, the Fund substantially added to its holding. During the summer, the Fund increased its shareholding from less than 10% of De La Rue's issued capital to close to 17%. The average cost of these purchases was 41.2p a share. The Fund remains of the view that the strategic value of De La Rue continues to be substantially more than its operational value and that it is now an attractive takeover target in an industry requiring consolidation. |
Posted at 11/7/2023 16:06 by jensen10 So as soon as CA announce they have increased their stake, the selling pressure increases and I have seen a big spike in my shareholding being lent out on borrow, presumably to shorters. Looks like all the accounts who had the CA arb on of share price vs underlying NAV have had to increase their DLAR hedge. So rather than helping drive share price higher CA buying has increased the stalemate! |
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