De La Rue Share Discussion Threads

[thehearse] 26/11/2014 07:31

From what I read yesterday doesn't the Org. simply need to rightsize to become more profitable? If the overall size of the market is shrinking then rightsizing has to be accelerated to protect shareholder value - I expect to see some moves in this direction shortly.

[thehearse] 26/11/2014 07:22

JS, a word of caution, tight stop loss won't protect you from a big price drop as it can still fall through your limit, unless of course it's a guaranteed SL, which are expensive.

[james smith] 25/11/2014 22:32

Time will tell. If it stay stable tomorrow I will go long again. I run a very tight stop so it can't be a problem.

[redartbmud] 25/11/2014 20:21

James

I would prefer rapid £2 upwards, but that is pie in the sky.
I am not so sure about a plod upwards.

red

[james smith] 25/11/2014 17:17

I tend to think that having survived that the price will continue it's steady plod on upwards.

[redartbmud] 25/11/2014 12:53

Last one.

I had an employee who left to work for the local authority after gaining a qualification. I was very sorry to lose her, but couldn't offer a promotion at the time.
A few months later I bumped into her in the high street. When I asked how she was settling in, she said that she had been asked to produce an urgent report, a couple of weeks after joining. She spent 2/3 days on it and presented the results to the chief accountant, who immediately told her to take it away. Urgent meant that it was required 6 weeks later.

red

[james smith] 25/11/2014 12:34

Well, we had great fun then.

[quepassa] 25/11/2014 12:03

I am literally rolling on the floor laughing.

I just love it.

Great!

Keep 'em coming please.

Thank you very much for the much appreciated light relief.

QP

[james smith] 25/11/2014 11:43

ROFL

At one stage the Chief Accountant in one of the most awful overseas subsidiaries had been sent there for two years as punishment. One of our customers couldn't pay for a shipment of notes so he had accepted a boatload of bananas that were on the high seas. When they arrived at Southampton they were all rotten.

There was another "systems experts" who was sent to Nigeria as punishment. He had written a new "travel manual." He instructed that when travelling by train everyone had to go onto the platform and wait for the train to come in, look to see what seats were available and then run and get a ticket. If there were 2nd Class seats available you had to go 2nd Class otherwise you were allowed to travel 1st.

You couldn't make it up.

[redartbmud] 25/11/2014 11:35

QP

Most companies survived on incompetent management back in the day. It was the norm, rather than the exception. If I was ever tempted to write a book, I would have to wait for them to die, or I would be sued.

Just one:
There was one guy appointed to the board of a company because of his incompetence. He was so bad that each manager he worked for recommended him for promotion just to get him out of their department, and his rise was meteoric.


red

[james smith] 25/11/2014 11:34

LOL

Here's another one. When I had only been there for a month or so I came accross something which rather puzzled me so off I went and asked. "Excuse me" said I "Why are we shipping 2,000 marigold rubber gloves to "???" ( a subsidiary in a certain African country) every month and chargeing them £5 each." The reply was "Ah well, we can't repatriate profits from there so we've convinced all the staff that they have to wear Marigolds all the time they are at work and wear a different pair morning and afternoon for their safety. That way we can get the money out."

LOL

[redartbmud] 25/11/2014 11:13

James

Their volumes are down and falling. Even the prospect of printing the £10 note has not revived the Sp.
They must have lost a good few contracts, and if so it will be years before they get them back - if ever. On that basis they are grossly overstaffed.

Just MHO.

red

[quepassa] 25/11/2014 11:12

more episodes please!!

the most entertaining post on this thread in yonks.

very funny. Life was more straightforward then . none of this cyber-crime lark!

You have brightened an otherwise dull late-November day with these colourful tales.

QP

[james smith] 25/11/2014 10:51

Confidence? I look at it like this. If the price goes up I will buy. If it goes down I will sell. I take a very short term view always. It is confidence in the share price that concerns me.

I can't see what could be restructured. When governments are your customers things take time. Governments don't suddenly decide to change the design of a note and reissue currency overnight.

When I was Group Management Accountant in the banknote division in the 1970s they thought of themselves as a conglomerate. They had Formica and Potterton Boilers which gave more security, in theory. Mind you, then, the banknote division was making the money and constantly moaning about the drain of having Formica and Potterton so you can't win. Can you? It seems that they have rather narrowed their market. We were even printing "family planning" comics for the government in Columbia back then. There was also Security Express. Those were the days of regular armed robberies so the internal monthly reports were always entertaining. We had the truly wonderful robbery where the crew stopped the van and went into a public lavatory for a pee, leaving the van in the road to be driven off. They were even crazy enought to start up a Security Express (Wells Fargo it was out there) in Columbia. They were delighted to even get a van to it's destination.

[bookbroker] 25/11/2014 10:37

Lucky them, paid for hanging around pretending to look busy, even that can become hard work after a while!

[redartbmud] 25/11/2014 10:34

James
I can see why you are happy - in and out twice for a profit, but you do not appear to have the confidence to hold.
Quite clearly the business needs a major re-structure to get back on track. They must have a lot of employees who are turning up and twiddling their thumbs all day, because they have nothing to do.

red

[james smith] 25/11/2014 10:00

redartmud

I think it was a very carefully worded statement. I'm happy at the moment. I bought at 490p sold at 549p yesterday. Bought at 552p this morning and sold at 569p.

Even as a loyal ex-de la Rue employee I think I might watch this very carefully. Not sure I agree with hvs but then I have a soft spot for DLR.

[redartbmud] 25/11/2014 09:04

translation - This business is in a mess, and this is another profits warning.
Just MHO

[james smith] 25/11/2014 08:19

Philip Rogerson, Chairman, commented:

"While market conditions have resulted in lower revenues, we have partially mitigated the impact in the first half through cost savings from operational efficiencies and have commenced a further rationalisation of our manufacturing footprint.

"As previously announced, we expect the challenging trading conditions within the currency market to continue and this, together with lower than expected new business in our Solutions division, has impacted our outlook for 2014/15 and 2015/16.

"The Board continues to believe that, while current conditions are tough, De La Rue remains a strong, profitable and cash generative business in a market with good medium and long term growth prospects."

[hvs] 24/11/2014 20:11

$ 4.00 here we come.

Nice to know what they say about PENSION LIABILITIES

[thehearse] 24/11/2014 20:02

No major sell off in terms of volumes and price. Tomorrow's announcements appears to be a well kept secret I.e no leaks one way or the other.