De La Rue Share Discussion Threads

[james smith] 03/7/2015 23:55

www.hat4uk.wordpress.com/2015/06/28/greece-government-printing-drachmas/

[eggbaconandbubble] 02/7/2015 19:44

Iaincc, I logged on here precisely to see if that question had been asked.
Would the drachma, paper, rubber or whatever be a likely contract for DLAR.
Who printed them for the Greeks before the Euro?
Certainly would be a big job, and getting paid no problem....just do a 5% over run!!!

[iaincc] 02/7/2015 11:09

Any news of the contract to print the new rubber Drachma ??

[james smith] 23/6/2015 16:53

meijiman

Same in Northern Cyprus. Which is why you see so many building with the concrete reinforcement sticking up out of the roof. If that is still there it is not finished so no tax.

[linhur] 23/6/2015 12:09

Has anybody received a hard copy of the 2015 accounts yet as they were released on 18 June?

[quepassa] 23/6/2015 10:34

you both made those comments, not me!!

why are they paid in "the folding stuff"? why do they accept it? do they ask to be paid in cash?

those may or may not be some of the reasons why cash isn't likely to go out of fashion quickly.

ALL IMO. DYOR.
QP

[meijiman] 23/6/2015 10:30

It's called the black economy-vast swathes of activity operate outside the sphere of the Revenue /VAT man. always have -always will. But I'm sure its much less in the UK than in other EU countries. Greece for eg where no one pays tax-you don't even paying tax on buildings if they are not finished -which more or less means forever!

[redartbmud] 23/6/2015 10:18

Yes and many of the transactions are undertaken VAT and tax free.

[meijiman] 23/6/2015 10:10

The reason for that is that they are paid in the folding stuff...........

[quepassa] 23/6/2015 09:54

It seems to me that many of our multitudinous new members of the British population who have taken up residence here from the Eastern European countries, have a great penchant and preference for "the folding stuff" over digital money.


ALL IMO. DYOR.
QP

[redartbmud] 23/6/2015 09:07

QP

Interesting comments.

May be coincidence, but last two times I have drawn cash out of the hole in the wall at the bank, all of the notes have been brand new and consecutavely numbered. Combintion of £10 and £5 notes.

[quepassa] 23/6/2015 08:44

Interesting article in today's FT (page 2)about 2014 statistics for cash in circulation according to Bank of England figures.

There is an interesting quote in The Ft article from Victoria Cleland who is The Chief Cashier at The Bank of England who says " People have been predicting the end of cash pretty much since I was born...every ten years or so they forecast it and they are wrong".

For balance, The FT gets the view of someone from Deloittes who talks of the inevitable demise of cash.

However, letting the 2014 figures for cash use speak for themselves , this is what we have:-

1. 6% RISE in value of banknotes in circulation.

2. 48% of Total Payments made by cash

3. 24% of Total payments by debit card - next most popular method.




ALL IMO. DYOR.
QP

[thehearse] 14/6/2015 11:44

Thanks for the info. Selling down could be a long drawn out process and an expensive one @£10 admin per transaction. Appreciate there are other methods too.

[redartbmud] 12/6/2015 07:43

th

According to H-L web-site the EMS is 2k, so there is your answer.

[thehearse] 12/6/2015 07:19

These are proving to be difficult stock to sell using III for any blocks > than 2k. Is it me or is there a limited amount of liquidity? I had no problem buying.

[hiriam007] 09/6/2015 09:53

Thank you James.

[james smith] 09/6/2015 09:36

I did read a while back that Greece was able to print it's own Drachma.

I can't find that article again now.

[james smith] 09/6/2015 09:29

www.energytribune.com/11085/has-de-la-rue-already-printed-the-post-euro-currencies#sthash.NuvxXTHi.dpbs

[redartbmud] 07/6/2015 17:36

topvest

Certainly moving towards intensive care.

[hiriam007] 07/6/2015 14:43

Did DLAR print the drachma before intro of Euro? If not, which company did?

[topvest] 28/5/2015 20:15

This company is in terminal decline in my view. Cash and notes are fast disappearing. You don't need them anymore.

[thehearse] 27/5/2015 21:22

IMHO the only vision they have is more cost reduction i.e. like HMV the market is evaporating in front of their very eyes. They can't appear to be able to compete with the other European operators on pricing - probably too fat. Conclusion, the management will continue to fiddle around until a competitor decides to make a reasonable offer which could be many months away yet. I'm taking my loses and moving on. Bye...

[meijiman] 27/5/2015 11:52

Given it a thorough read and it does come across as though the board is on top of the main issues. Clearly the Euro based competition has an advantage at the present time. Let's hope for better times ahead. No point in selling -can't see any reason to add either.