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Dillistone Share Discussion Threads
Showing 176 to 198 of 200 messages
|Excellent break through the 90p mark.... :))|
|Audio update on Interim Results with CEO and FD of Dillistone Group
|In line with expectations for the full year but I'm not exactly sure what those are. The dificulty is in guessing how much of these increased orders year to date(for both Dillistone Systems and Voyager ahead of total for whole of 2015) have an impact on H2 revenue with the increased trend for SaaS which has revenue recognised over the life of the contract. Nonetheless I'm expecting a significant improvement on the 2015 Eps of 6.2p and somewhere in the region of 7p.|
|Results out showing steady progress and a better second half. Small increase in dividend...|
|Thanks ten trader.|
|Video update with CEO on major international contract win and corporate update
|Chairman updates on trading at AGM
|Audio with CEO on today's news
|Excellent news!! Record levels of business last month. hTTp://www.investegate.co.uk/dillistone-group-plc--dsg-/rns/record-month-for-dillistone-systems-in-may/201606060700082435A/|
|Voyager partnership with unnamed top ten recruiter.... Very good news indeed.|
|Results webinar with CEO and FD at 3.30pm on Tuesday 10th May. Register here - hxxps://attendee.gotowebinar.com/register/5479016348975690499|
|Audio update on results with CEO and FD
|It's ROIIC that matters not ROIC. Although the historic figures are not bad it is clear that the group has been market constrained not capital constrained over the past few years.
I'm not saying that they don't possess those positive qualities as a business just that when asked directly 'what is your unique selling point, why should they give their money to you and not the competition?' the CEO leads with 'We are yielding in the region of 5%...' they are clearly secondary to their thinking.
[remove the line break to get the link]
If you are happy with the 5% dividend and market constraints then fair enough. Like I say I don't think they are massively overvalued just I want a bit more from the companies I invest in.|
|"Yeah quoting the yield based on a certain share price isn't really the done thing in results RNS's."
Well then it is good to see someone daring to be different for once in a while rather than being a slave to convention.
The obvious question in the light of today's statement is if the outlook is so good (Dillistone's Filefinder Anywhere orders up 70%, Voyager up 50% in Q1) why isn't the dividend being increased by more? I think re-affirming the progressive dividend policy whilst quoting the existing good dividend yield answers that question. In other words increasing the dividend isn't an end in itself; personally I think DSG would want to build up cash ready for a further acquisition later this year.
"You'd want them to be championing the products, the people, the satisfied customers, their strong competitive position, etc.
That he didn't mention any of those only the dividend made me think that return on incremental capital was likely to be very low going forward and the results will pretty much go up and down based on the markets they operate in."
Although ROIC has declined over the last couple of years at 20% it is still a reasonably good return and I am expecting it to be higher this year.
By the way if the Chairman and CEO are only talking about the dividend you would have to wonder what most of their reports were about. Doesn't "increase in client retention rate" indicate 'satisfied customers' or "Pleasingly, this growth is based on significant increases in both the number of new client wins and the value of those contracts" suggest strong competitive position? Isn't "the only truly browser based product from a mainstream supplier to the executive search market" 'championing the product'?|
|Yeah quoting the yield based on a certain share price isn't really the done thing in results RNS's.
I remember seeing the CEO giving an interview on proactive investors a few months ago and when asked why should one invest in Dillistone his main response was that it paid a good dividend.
While the dividend isn't bad, and if you have run out of ideas to re-invest capital it is the best use of that capital, I would expect a different answer from a company CEO. You'd want them to be championing the products, the people, the satisfied customers, their strong competitive position, etc.
That he didn't mention any of those only the dividend made me think that return on incremental capital was likely to be very low going forward and the results will pretty much go up and down based on the markets they operate in.
That may be enough for some people in today's interest environment to collect the 5% yield while the business generally keeps up with inflation & the business cycle. I held in the past but 5% is just not a high enough return to interest me. So unless I see evidence that the management are capable of generating higher ROIIC ideas not just focused on paying a dividend I am unlikely to invest again in the near future.|
|No not when they have prided themselves on maintaining a progressive dividend.|
|Did anyone else think it was a bit weird (and needy) to quote the yield in the statement?|
|I agree Valhamos - that share price fall six months ago was much overdone.
A key para from today's RNS -
The Dillistone Systems division has continued - and will continue - to invest in improving products and services, and we are delighted to report further success in the market. Dillistone Systems' core product - FileFinder Anywhere - has seen new client orders grow by more than 70% in the first quarter of 2016, when compared to the same period in 2015. Pleasingly, this growth is based on significant increases in both the number of new client wins and the value of those contracts. This combined with continuing demand from existing clients meant that our 12 month order book to March 2016 is at its strongest since 2013.|
|I always thought the share price fall after the interims was overdone. As it happens despite the expected profit reduction at the Dillistone Systems division because of increased investment overall profit after tax was actually slightly up because of a tax adjustment. But the strong outlook on the back of Q1 orders suggests we will get the benefit from that investment this year.|
|Pleasing results with Q1 strong, dividend 5%.|
|A few sells could provide top up time imv....|
|Ticking higher :))|
|Media update on today's product launch -