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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Deltron Elec. | DET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 262.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 262.25 |
| Top Posts |
|---|
Posted at 26/10/2005 15:23 by ansc4495 Well, oh Wise-one, if you are unable to put it into words, how about printing a ONE year chart - I'm not interested in DET just your beloved EKT. |
Posted at 26/10/2005 11:29 by fusebox Oh well its a bad end and the long term chart proves it... |
Posted at 26/10/2005 08:03 by fusebox The end of the road for Deltron...never did catch up to ELektron...Deltron 2 year chart>>> Elektron 2 year chart>>> |
Posted at 25/10/2005 11:13 by fusebox Thanks..even wthout a bid EKT is looking very exciting. While the mall stocks taken a knock EKT bearing up quite well.New product launch very shortly and buybacks and enhanced divi will bolster the share price of EKT so am very happy. |
Posted at 13/10/2005 12:10 by fusebox Elektron came out with their results today and record profits.EKT has net cash not like DET. Ekt outperformed deltron and the gap widening. |
Posted at 26/9/2005 22:14 by fusebox But EKT hasnt been in the same old trend..the last 3 months its been up.However the 2 year trend is very good. Massively outperformed Deltron... Deltron 2 year chart>>> Elektron 2 year chart>>> |
Posted at 02/9/2005 12:53 by fusebox statement from Deltron ...2 September 2005 DELTRON ELECTRONICS plc ("Deltron" or "the Company") NEW CHAIRMAN Deltron Electronics plc (LSE : DET), the specialist European electromechanical solutions provider, announces today that, Paul Gourmand, Deltron's non-Executive Chairman, proposes to retire from the Board on 6th October 2005 following twelve years of service. David Potter will join the Board of Deltron as a non-executive Director on the 1st October and will take over as non-Executive Chairman on the 6th October. David, aged 61, is currently a non-executive director of Solar Integrated Technologies, where he is Chairman, New Media Spark, InfoCandy and Noble Group. His previous non-executive experience has included Board positions with Numerica Group Plc and Thomas Cook. David began his career in investment banking when he joined Credit Suisse First Boston where he worked from 1969-81. He then joined Samuel Montagu, where he was Managing Director of Capital Markets, from 1981-85 and later joined its parent Midland Bank (now HSBC) where he was Managing Director Global Corporate Banking, from 1985-89. In 1990 David joined Guinness Mahon as Group CEO and after eight years became Deputy Chairman of Investec Bank (U.K.) Ltd following its acquisition of Guinness Mahon. Commenting on this announcement, Christopher Sawyer, Chief Executive Officer of Deltron, said: On behalf of the Board at Deltron, I would like to thank Paul for his outstanding and loyal contribution to the Company over the past twelve years. Paul has steered Deltron since before the IPO and has been a tremendous asset to the business. At the same time I would like to welcome David to Deltron and look forward to working with him throughout the coming years." "Paul has steered Deltron since before the IPO and has been a tremendous asset to the business. " He has also seen the share price plummet to an all time low !!! |
Posted at 18/2/2005 13:25 by fusebox The problem is DET are still paying over the top for aquisitions.The latest aquisition is an example...they paid approx £2 mill for a company set to make 200k. EKT paid about £1.7 million for a company that has provided in millions of negative goodwill, stock, plant and tooling and more as well in profits to date. In just over 12 months EKT aquistion has paid for itself twice over. More bad news for DET...profits are higher at EKT and Elektron only quarter of market cap of DET. Margins are higher as well at EKT...42% and Deltron only 32% Turnover growth at DET looks sick compared to turnover growth at EKT at over 100% at the interims. All in all DET is overvalued and EKT undervalued. |
Posted at 18/2/2005 13:13 by johnroger Investors Chronicle18 February 2005 DELTRON ELECTRONICS (DET) 80p - Electronics - Improving market conditions have helped underpin the recent resurgence at Deltron. But the turnaround at the electromechanical solutions provider has as much to do with strong management as it does with good products. One of the keys to its success has been expansion across Europe, meaning that Deltron is not dependent on any one country, customer or supplier. It also enables the company to compete for pan-European contracts. "We're at the stage now where we're big enough to be important," says chief executive Christopher Sawyer. "But we're also small enough to duck and dive." This means that Deltron is an attractive pan-European business and, boosted by good levels of operational gearing, its profits should continue to grow disproportionately to sales for the time being. Although the current climate remains demanding, conditions are stable, and the company is making the most of reduced volatility. Fertile markets include the automotive industry, and the instr- umentation and medical sectors. "The shift from high-volume, low-margin to higher skilled areas will help underpin growth," says Mr Sawyer. One issue that Deltron has to contend with is inventory correction. This has affected levels of activity, but the company has been winning more smaller orders on a regular basis. And, with its order book representing nearly two and a half months' sales, Deltron appears to be coping well in today's market. The key now is to build on last year's performance, and fulfil targets of 3 to 5 per cent organic growth, while continuing its acquisition strategy. "Admittedly, we completed deals at the wrong price a few years ago," says Mr Sawyer. "But they have laid the foundations for our wide customer base." During 2001, Deltron spent £13.9m on six acquisitions, and the combination of paying over the odds and tough market conditions took their toll. Now, though, the company is in a much stronger position and, having raised £6.4m in October 2003, it is ready to add to last year's acquisition of component distributor Quiller Holdings. "We now have the money to invest in our own growth, without depending on the market," says Mr Sawyer. The £3.2m acquisition of Quiller is expected to be earnings-enhancing this year and will strengthen Deltron's position in the UK. Quiller brought with it a number of new UK franchises, including additional products for the aviation and security markets. Its sales totalled £4.2m last year, with profits of £246,000. Having strengthened its position in Europe, Deltron is now concentrating on improving organic growth. After years of contracting markets, the company now intends to take advantage of an expanding sector and of last year's solid performance - when profits rocketed on the back of the company's good operational gearing. Because of its size, there is a real risk/ reward correlation with Deltron. So, even though market conditions are not as volatile as they have been, investors have been wary when it comes to investing in this industry. But the company is well-positioned in an improving market - albeit improving slowly - and, for investors who have lowered their previously high expectations of returns in this sector, Deltron looks like a good bet. What's more, any reduction in interest rates should help to stimulate demand and further boost growth at the company. Buy. -------------------- Ord price: 80p Market value: £33m Touch: 78-82p 12-month High: 91p Low: 64p Dividend yield: 2.8% PE ratio: 13 Net asset value: 46p Net debt: 38% -------------------- Year to Turnover Pre-tax Earnings Dividend 30 Sep (£m) profit (£m) per share (p) per share (p) -------------------- 2002 65.5 -0.60 -2.36 1.75 2003 64.0 -1.52 -4.77 1.75 2004 65.7 1.14 1.48 1.87 2005* 73.0 3.50 5.80 2.00 2006* 75.0 4.10 6.40 2.20 % change +3 +17 +10 +10 -------------------- *Evolution estimates Market makers: 5 Normal market size: 1,000 Last IC view: 5 Nov, 2004 BULL POINTS Pan-European marketplace Reduced market volatility Good levels of operational gearing Yet to benefit from Quiller acquisition BEAR POINTS Inventory correction is affecting company's products Patchy track record |
Posted at 15/2/2005 13:31 by fusebox For some time now Deltron electronics has been placed on a premium pe rating to Elektron and my belief is this is set to change.Elektron is a far fitter company than Deltron, EKT fundamentals are far better ie growth stronger, eps higher, gearing lower. First growth....... is far better at EKT...were as DET is showing only marginal growth in turnover EKT is showing more than 100% growth at the interims. EPS is far better at EKT and profits higher. Margins are far higher at EKT as well..DET about 32% and 42% approx at EKT.s subsidiary Bulgin! Ekt is ugeared with now net cash and building at that. At the moment DET is paying a dividend but this was not covered at the last results. However EKT is set to go on the dividend list this year and the forecast dividend will be well covered. www.brokerlink.co.uk Moreover Elektron is cutting more cost the year just gone which will save the company a further 500k per year. Within the next 12 months i would expect the pemium rating to fall for Deltron and be raised for Elektron. I warned some time ago when Deltron's share price was climbing towards the 90p level that a fall would come. My predictions are now being realised. Deltron's present market cap of over 3 times EKT cannot be sustained. Share price at the date of this report is Deltron approx 76.5p...EKT 13.5p On a 2 year basis Elektron has already outperformed Deltron share price but i expect the gap to widen. Deltron 2 year chart>>> Elektron 2 year chart>>> |
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