||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Real-Time news about Densitron Tech. (London Stock Exchange): 0 recent articles
22:06 Thanks vfast. I've decided not to post here again until the Densitron share price is back (down) to 8 pence. See you soon x. heartylaugh"
Well that didn't take long.|
|lcd interest: share price sliding back down|
|heartylaugh: Thanks vfast. I've decided not to post here again until the Densitron share price is back to 8 pence. See you soon x.|
|lcd interest: Wat we need to see is credible updates for the loudly announced Indian and Italian expansions, and BA and E Paper Products.
They have been selling this e paper for 5 years, but ask where do you see it being used?
All other companies have pulled out of e paper, it's too expensive. You can verify this, I know because I work in electronics.
This company needs to be held accountable for its bold statements,
they cant just loudly announce investment in India , or BA luggage tags , to push up share price, and then hide and smoke screen when every item fails ...
If they announce something it should be production secured , not some pie in sky BS !|
|lcd interest: Is the share price rise owing to results about to released?|
|heartylaugh: WOW! I notice that isis started this thread way back in 2005. I believe the Densitron share price back then was about 8 pence and now it is under 4 pence.
Isis - you must know a great deal about this company having been 'in' for so long. Care to post why you have stuck with them for such a long time and having over seen such a steady decline? Or perhaps you are just an interested spectator now?
B.T.W. am assuming the isis name thing is just an unfortunate coincidence?
|lcd interest: how does densitron get new clients if any client can look online and see densitron's share price drop and the lease mess?
surely any OEM will not sign up with densitron?|
|lcd interest: The staff numbers keep decreasing , so it looks like people leave or are fired , year on year, with head count not being replaced.
If you look at the fine detail, they have no owned factory, very little IP, a top heavy management structure and dwindling staff numbers, so one would conclude that like other distributors in this sector, they are struggling to maintain their existence.
It is very easy now for buyer in this market space to open up google.com and buy this type of product directly.
why would they deal with densitron ??
Any serious manufacturer will take a look online at the share price, drirectors salaries, London office address, and run a mile !
manufacturing is all about sensible routes to market and cost competitive structures, not paying to stuff the pockets of a few people , or paying to maintain a central London address.
Look at the other competitors, most of the successful ones like KOE Europe , have offices near the M4 Corridor, and warehoujses on the same site as the offices.
Someone needs to make sweeping changes for DSN before they implode|
|vfast: From the Westhouse Report dated 23 July 2014
Company back on a growth trajectory
In the trading update which accompanied Densitron's AGM on 11 June 2014, the
chairman stated, "a number of the projects being worked on during 2013 have now
come to fruition. Together with an increase in the core business this has given rise to a 14% increase in the orders booked and a 35% increase in the orderbook compared to the first 5 months of 2013." We are encouraged by the potential to win meaningful orders in some of the new higher-margin products.
Balance sheet remains robust
There have been two non-core issues relating to property that have impacted the
business and share price over the last few years. First, Densitron has been deemed responsible for a lease of a former subsidiary in Newcastle, which resulted in a £0.6m exceptional item in 2013 and for which we have assumed the worst-case scenario of a £0.24m cost for each year until the lease expiry in 2023. The second issue relates to land Densitron owns in Blackheath which it is carrying at £0.5m and for which it has been seeking planning permission. We are not assuming any change to the current status during our forecast period so again, there is potential for upside. The net debt of £1.0m at end 2013 is expected to reduce as profitability and cash generation improves.
Management focused on hitting margin targets
The board has set a long-term target range of delivering 6-8% operating margins.
Key to improving profitability will be the twin strategy of increasing revenues while keeping a tight control on costs and the sale of more products with a greater amount of internally-generated intellectual property. Having acquired the rights to sell e-Paper, we expect that Densipaper (an out-of-the-box solution that enables users to wirelessly network a number of displays that can be instantly updated from the convenience of a remote computer), will be crucial in winning new, higher-margin business.
Valuation is undemanding
While we believe that there is scope for a more significant re-rating in due course, we are re-instating coverage with an 8p target price which assumes an FY2015E P/E of 8.0x and an EV/EBITDA of 5.4x. This is in line with the current forward multiples Densitron is trading on for FY2014E. With potential for upside on the non-core issues, we resume coverage with a Buy rating.|
|lcd interest: This BA deal will be very lucrative.
The share price might quadruple ,
they have a Bus signs deal wth e papers also, plus a whole section of signage releases , already selling
best time to buy is now|
Densitron Tech. share price data is direct from the London Stock Exchange