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Real-Time news about Dat Grp. (London Stock Exchange): 0 recent articles
|davidbennett: Rum Coke - I don't think so somehow. I've just re-read the Panmure buy recommendation (with a price target of 55p) issued on 27/10 and I cannot see them going any lower.
I think that the recent share price performance is down to two factors:
CFD Overexposure - I recently asked IG to quote on a CFD, how much margin they required etc. and they told me they were up to their max quota on CFDs, i.e. 2% of the equity. This means that it's not possible to open a CFD position through IG, the main players in CFD's. If you want to open a position, you have to buy in the market. In addition, as there are so may CFD's running (that's obvious), many people have been stopped out and that would have undoubtedly put pressure on the share price.
General congestion. They had a placing ot 17.7m shares at 30p on 26/9. Maybe it's just taken a little more time than expected to digest.
Remember, the FD bought shares at 43p and quite a few directors got involved at the placing price. So this looks like a good level.
I bought a big chunk yesterday at 30p which I think is a absolute bargain.
If anyone wants a copy of the Panmure note please post your e-mail address and I'll send you the PDF. You can delete it as soon as I've sent it and I will keep a close eye on this thread.|
|splice of life: Newcomer to the board. I bought in on the first drop (when they went down to around a £1.65) and then topped up again when they went to £1 (overall breakeven price is around £1.10 holding 15,000). I was suckered into looking for the deadcat bounce (they could't fall that far, that fast, without a small climback could they ??? - Apparently they could!).
I've been watching it fall to it's current level and now it's a question of sitting it out for the long-haul, or cutting losses and putting whats left into something with more potential (Net-teller springs to mind).
It seems there's an absence of any newsflow (barring the world-shattering change of name) which means the share price has remained pretty much static over the past few months. I think we've reached a "floor" where it's hovering right now (29p-30p), but I can't see any impetus to push it back to where we all want it to be. Just wanted to see what the general consensus is out there - is anyone actually looking to top-up their holdings, or is it just a waiting game for now?
|robbi123: Langbar International - SPECULATIVE BUY
Companies: LGB RAF
A company with a market value of £114 million that has just reported net assets more than three times that level at £357 million should not see its shares drop 15 per cent.
Nevertheless, this fate affected Langbar International when chairman Stuart Pearson delivered a £14.77 million interim pre-tax profit for this investment company, previously called Crown Corporation. He reckons last week's 12p fall in the share price to 66p reflects profit-taking by those who bought the shares when the corporate financier joined the venture in early June. At that point the shares, after initially doubling from their 370p starting price, stood at 11.5p.
Previous chief executive Marius Rybak had sold the group's interests in Argentinian construction contracts for 280 million in term deposits with Brazil's central bank. Clearly the market believed Crown would be unable to realise them. Last week though Pearson confirmed that he has arranged to use $200 million of the funds to develop a property venture in Portugal and transferred the remaining $300 million from Brazil to Holland.
He wants to appoint a renowned property professional to develop the Portugal site and eventually spin it off. With the remaining assets he plans to acquire an established cash generative business.
Meanwhile, he is undertaking smaller transactions, such as last week's £2.6 million bid for marketing services outfit Real Affinity. Pearson is starting to attract long-term investors to back him and at a 68% discount to net asset value of 205p a share, others should follow this lead.
(Thanks to TheManWithNoName for finding this)|
|pork belly: Shares Mag
29 Sep 05
DAT Group (DA.:AIM)
Interims Monday 3 October
> Market confidence will improve if the group can name a new chief exec and clarify strategy
> Continuing sales growth should underpin DAT's product portfolio
> If sales prospects are still not being converted, it could trigger another profits warning
> May be forced to launch a rescue rights issue
> Some shareholders may use any short-term share price strength to cut losses
> Still waiting for news of a new chief exec
These are worrying times for the mobile technology software firm. July's profits alert saw the shares collapse. Unveiling a new boss to lead the turnaround would help, as will the confirmation of a more concentrated product strategy. First-half sales likely to be between £1.5-£2 million but DAT will remain in the red.|
DA. at 90p is a mystery too. What is clear to see is that nobody can find a true intrinsic value and the share price will suffer because of it.
Workmen and Tools - yep you are right. The blame stops at my door on DA. as it did and does on the shares I make money on.
I would be no good as a politician as I can admit to being wrong or indeed I do have a conscience and know when to quit.
Good Luck !|
|taurusthebear: Yeah, but most of those things were known at 3 quid, and still the punters rolled in. Which shows that the DA. share price is not, and never has been, based on fundamentals, but on hype and hope, both of which have now gone into reverse. Which shows me that the share price is going to overshoot on the downside, and bounce big (I'm talking up to a 50% bounce) - as to where that bounce comes, aaah, that's the beauty of it... take your guess... :0)|
|britishbear: PKW - agreed. Already overweight but any price sub-£3.50 has to be a gift.
Share price is close to what it was pre-deal (although it had previously risen in expectation). I suspect, now some institutions have taken positions, that any sustained buying will lead to a rapid share price increase as there are less freely floating shares about.
|2bob: I don't recall seeing this City Wire article from 5th April on the board. Apologies if it already has.
Tip Update: DAT acquisition gives it a head start
Investors in Citywire tip DAT Group have been booking some of the profits from the huge rise in its share price since floating in December, but an acquisition has brought forward its plans by nine months and the company is only just beginning to see the commercial returns from its technology.
Shares (DA.), which floated in December at 130p and which Citywire tipped in February for the longer term at 398p, are down 5p to 439.5p, having fallen 29p yesterday to 444.5p, after results.
Todays price still values the company at an impressive £82 million, considering the former IT consultancy has yet to see turnover from its suite of mobile applications and tools.
Part of the profit-taking may have been due to the company announcing yesterday that it has had a slower than expected start to this year due to the time spent on the IPO in December and the development of its product, Tabella.
However, the company has apparently made strong progress since the start of the year, and Tabella fired investors imagination in February when DAT announced a joint venture with Dangaard Telecom, Europes largest mobile phone distributor.
Tabella is effectively a competitor to the RIM Blackberry, but instead of working on only a handful of RIM devices, Tabella will run on more than half of the 650 million devices currently in circulation.
DAT, formerly an IT consultancy and services business, which was increasingly being commissioned to develop one-off applications for mobile devices, has spent the past couple of years (or some 22 man years) developing products for all parts of the mobile data market, the consumer, the device manufacturer and the network operator.
The technology ultimately enables users to access applications such as email, calendar and contacts on any mobile phone, and, thanks to the acquisition of Synchronica software announced today, to use simple synchronisation software than enables even the cheapest of mobile phones to synchronise calendar and contact data with DAT servers or the user's PC.
Behind all this though, are tools that enable network operators to manage and support the host of different devices accessing their networks (using the core DMP platform), corporate IT managers to do the same in-house for their companys mobile devices using a product called Enterprise Assistant, and handset manufacturers to bring their phones to market as speedily as possible using ROM Builder.
The acquisition of Synchronica brings forward by some nine months the point at which Tabella Express is available to some 350 million handsets worldwide.
DAT has launched Tabella Express, the consumer version, but is delaying the launch of the professional and business versions to the end of the year to enable it to finalise terms with mobile operators and value added resellers, which will ultimately sell the product on to corporate customers.
The DAT mobility platform (DMP) is the core technology that enables management of all the different devices.
This core product has been licensed to network operators as a platform, upon which they can build their own applications and manage customer devices.
On top of DMP, DAT has built the Tabella suite of products for consumers and professional users, and Rom builder.
ROM builder is a toolset that DAT has now sold to a major US manufacturer, which will pay the company $0.44 per device in royalties for every device brought to market using the technology.
Chief executive David Hayes explained to Citywire that handset manufacturers can be required to make hundreds of little changes for each different mobile operator, and until now, much of this had to be done manually and sequentially.
With ROM Builder, the whole process is automated, and speeds up time to market ten-fold, Hayes said.
He said there were now three or four further manufacturers in the pipeline for ROM Builder.
Similarly with Enterprise Assistant, which enables a company to manage all of its employees mobile phones and devices, Hayes said there are three or four household name customers in the UK now signed up, whose names will be released shortly.
Also in the US, AT&T has licensed the product to sell on to its corporate customers as Airloader.
The company was founded in 1986 as an IT consultancy, and figures out yesterday show the last of the consulting revenues, £2.4 million down from £3 million, with losses of £2 million due to increased investment in DMP.
Cash balances at the end of December were £5.5 million.
This year should see the start of recurring revenues from royalty and licence revenues, according to finance director Alan Johns.
DAT will have several revenue streams, including monthly recurring revenues for DMP licences, implementation and service revenues, royalty payments per handset from ROM builder and monthly payments from Tabella users - Tabella Express, which launches in May, is expected to cost around £20 a year, or £30 for full synchronisation with existing Outlook or Lotus Notes applications.
Citywire highlighted several shrewd investors in the company in February.
These included top-performing Ross Hollyman's GAM Star UK Dynamic fund, which bought 3% in early February.
AAA-rated fund managers Jan Luthman and Stephen Bailey with a 0.16% stake for their CF Walker Crips UK Growth fund, AAA Giles Hargreave bought 0.45% for his Marlborough Special Situations fund and New Star's rising talent Jamie Allsopp has.42% in his Hidden Value fund.
We also said at the time that the sharp increase in the share price increased the risks in the short-term, and that applies even more today.
It may therefore be time to let the dust settle and let the company prove it can start bringing in revenues from its new technology, but there is huge potential for this technology and it is worth looking for any weakness as a buying opportunity.|
|mad4it: 2BOB - LOL! ;)
Pitwits - The RSI & slow and stocastic have given a short term buy signal, MACD is just starting to turn up, so that's looking much better too, as are other technicals. This has undoubtedly triggered some short covering and extra interest on the long side and helped to boost the price.
The problem is the price itself, which must move slightly further than it did today to trigger a technical breakout. If it fails then the shorters will attack again around this level. The next day or two are probably crucial for the share price, in the short term. (But, the US indices are rallying strongly as I write, so there's a good chance the downtrend might be broken, or at least challenged, tomorrow.)
ppowerscourt - The FSA do not impose the 'tick up/higher price' rule on the LSE. Therefore a share can be shorted as soon as the market opens, regardless of direction.
The term CFD is 'contract for difference' it is what's known as a derivative. You don't actually own any shares. Your profit is calculated on the difference in the buy & sell price (or if you're short) the sell and buy price of your trade. You pay interest to the CFD provider based on a set amount, the longer you hold your long position, the more interest you pay. However, if you're short, it works the other way round.
CFD providers vary in how they operate slightly, but you will normally find (with the exception of CMC/deal4free) that CFD providers like IG will hedge themselves by going with the prevailing sentiment of their clients. Therefore if most of the IG clients are short they must, usually, hedge themselves by going short themselves. In this way they use the prevailing sentiment of their clients to maximise their own profits and are still able to pay out.
So, you can see, that it's not a vendetta against DA. The CFD providers must, usually, go with the flow to ensure they don't get on the wrong side of the trade.
If the prevailing sentiment towards DA. becomes bullish again companies like IG will switch sides and go long.
The exception to this is if, eg, IG believe their clients have got the direction wrong and are fighting a losing battle against other traders/institutions, in which case they will go against their clients positions.|
|bob357: While the share price seems to be under concerted attack by the shorter(s) what about the fundamentals? Any news on when the next Company Progress update is due and what effect it may have on the price.
Ultimately once the share price has been driven down either the company will be taken out by a rival or the share price should revert to true(r) value once the medium to long term potential of the company comes through. Do we know any more about plans for the launch of the Blackberry type service?|
Dat Grp. share price data is direct from the London Stock Exchange