Datong Electronics Share Discussion Threads

[garth] 15/6/2010 13:37

Respectable results.

[santangello] 13/6/2010 09:10

Results this Tuesday.................

[longshanks] 25/5/2010 10:20

Have to say - I can't see results being that good and even if there is a good "jam tomorrow" storyline I am yet to be convinced we have turned the corner.

There is however still a decent prospect that Investec will decide they want rid and sell this on to Qinetiq or similar business for a healthy premium.

[garth] 25/5/2010 10:06

Santangello,

The trading statement did not leave me licking my lips. It did leave me somewhat confused:

"In summary, delivery delays are expected to result in revenues being
approximately 15% lower than expected for the period to 31 March 2010. This
lower level of revenue will lead to a financial loss for the 12 month period;
however the Group has seen a substantial improvement in trading on last year,
has traded profitably and has a record order book which leaves the Group in a
strong position going forward."

[santangello] 25/5/2010 09:42

Results early June :)

I have added again, expect good statement from the Company. Trading Statement already has us licking our lips?????

[longshanks] 25/2/2010 14:39

Some decent volume coming through on this now.

Given the online limits it still looks to me like we have a keen seller (Gartmore hedging?) but sentiment is definitely on the up and could propel this through to 70p in the v.short term.

[longshanks] 21/2/2010 06:43

Plenty of growth left in this.

Online limits would suggest that the MM's have alot of stock available and reluctant to buy any; seems to run in the face of the recent price hike driven by their short position.

Could be that they are just being cautious and don't want to be left with lots of expensive stock until it has been derisked by sales at the higher price.

In this respect I fully expect a pull back at some point to 45p before we see the great march back to £1 continue. Having said that, though, I feel we have more insti interest now and it could be that the price continues to climb without any such pull back.

Either way, whilst tempted to take profits, I will continue to hold and add on any weakness.

[eddiegoldstein] 18/2/2010 21:27

Great info Longshanks.

Looks like i couldn't of timed it any better, interesting links that i use from time to time.





Happy days.

[stocktrawler] 18/2/2010 10:16

Finally on the radar!

[longshanks] 18/2/2010 09:55

...and as if on my prompt...woosh...

[longshanks] 17/2/2010 11:21

Welcome to the thread eddiegoldstein.

Good timing I think - this looks poised for a major breakout.

L2 is quite interesting as someone appears to have had an independent bid order on the books since 15/2. WINS has finally raised its bid to match but I think we may have an insti trying to build up their holdings without going through the MM's.

[eddiegoldstein] 16/2/2010 21:29

Hi Longshanks, bought in today have been following for a while, since i only live down the road from the company thought it might be rude not to, nice little thread.
Happy Days.

[longshanks] 16/2/2010 20:35

a bit more volume today...pressure building...

I feel a leg up to 60p in the near future is very possible.

[longshanks] 15/2/2010 09:37

...and here they come: 5 trades in the first 90 minutes of today. Still a little subdued but the value hunters will be coming in to this more and more over the next few months.

This is a bit of a chicken/egg situation with brokers needing improved trading volume to justify initiating coverage but with volume being subdued due to the poor current spread and liquidity. Just need to be a little patient though and this should pay handsome returns.

[longshanks] 12/2/2010 12:54

Such nice, decent news for DTE. MM's got all spruced up for the anticipated surge of interest only to find no-one has come into the shop....

Don't worry guys - buyers are coming...

[longshanks] 02/2/2010 10:54

Shares are illiquid and we only have two MM's. This makes the market very easy to manipulate.

The MM's are short quite a few shares so will rapidly drop the price if they get any sellers to try and encourage a few more: the drop yesterday after the first sale at 41p persuaded a couple more sales at or around 39p. The online limits suggest that someone is trying to offload shares at or around 45p creating a bit of a stock overhang - but I don't believe it is too severe and any bout of sustained buying will drive this closer to 50/60p IMO.

PLUS trades can be found at:

[stocktrawler] 01/2/2010 20:24

why the sudden drop in sp? Does anyone have access to the plus market trades for today?

[longshanks] 25/1/2010 11:58

Also - wouldn't get your hope up on it being a takeover target. Investec hold a big chunk and are in a position to veto any such move. They could support such an approach but I think it unlikely in the short term given the current share price and the company's potential.

Equally, shares are pretty tightly held with possibly only 3 to 5m shares in the public float.

[longshanks] 23/1/2010 05:06

You can wait as long as you want mwalsham15 - doesn't bother me any - my average is 25p! I hope the price does drop - means I can get some more cheap shares myself.

Timing is everything and given liquidity the price may fall to 40p. However the MMs are still short and it looks to me like the drip seller that we do have is now requiring 45p minimum. Chances of bagging a cheap ride now could therefore be quite thin whilst any concerted buying pressure could equally see a major breakout - take a look at the 200d moving average to see what I mean.

NAI - and best of luck as they say.

[nwalsham15] 22/1/2010 19:19

this share has just caught my eye, i will be watching it closely, hoping it might drop to 40p over next 2 weeks (sorry guys!) then i'll be in! great potential in what is an expanding market, with a low m/c makes dte a possible takeover target imo

[longshanks] 21/1/2010 11:03

I bought a few more this morning as part of my regular monthly savings scheme. Price is a bit toppy at the mo' so may come back a bit but I'm playing a long game and this is still cheap in the great scheme of things IMO.

[stocktrawler] 19/1/2010 20:54

Yes, that purchase doubled his holding.

They have been through a tough time with the litigation and related hiatus in sales but seem to be returning rapidly to profitability which has yet to be reflected in the share price.

I believe this has all the hallmarks of a good recovery play.

[longshanks] 16/1/2010 09:50

Thanks for that Stocktrawler.

Canacord Adams predict 1.2p EPS this year rising to 2.5p next. Not particularly exciting figures but perhaps we are still seeing the costs of developing new markets coupled with a particularly weak U.S. market.

One feels that this is a good growth story and profits have been alot higher in earlier years - so should see some value investors coming into this with the next year end and once the litigation is finally settled.

Dean Blood bought 30K shares in December - as good an indication as any that all is good at't mill.