Domino Printing Sciences Share Discussion Threads

[shuisky] 24/1/2006 12:31

Abn Amro adjusts 06 forecasts...



.5m added to pre-tax but 2.5m taken away to account for extra R & D expenditure

reiterates 'add' rating.

[shuisky] 24/1/2006 09:40

Good results and bullish outlook. Now testing the resistance level of 280p. It will be interesting to see whether the growth prospects of RFID and the return to growth in commercial printing is enough to see the share price break 280p over the next few days. After market sales in the laser printing division seem to be progressing well, as do all the acquisitions. Eastern Europe and Asia doing particularly well (though contnued margin pressure) as a consequence of growth in sophistication of consumer, and subsequent need for product ID solutions.

The usual high RoE, free cash flow, and very solid balance sheet. They have the cash, reputation and inclination to invest in RFID solutions and it could prove a good source of growth in future years.

Underlying EPS=18.53 so @280p the historic PER=280/18.53=15.11
EBITDA=25624+5577=31201 so EV/EBITDA=304/31.201=9.74 times
Free cash flow=29392+348-7469-3787=18484 so FCFyield=18.484/304=6.08%
RoE=18.471/((81720+94842)/2)=21%

g=(1-d/e)RoE+D/P
so g= (1-6.84/18.53)21%+6.84/280=15.7%

Looks ok.

Gross margins came under pressure, primarily due to pricing pressures, but it will be interesting to see how forecasts are tweaked. DNO seem to be implying that the launch of new products in 2006 will drive organic sales growth.

[grigor] 24/1/2006 08:51

Domino Printing raises FY dividend 20 pct after pretax edges up 5 pct

LONDON (AFX) - Domino Printing Sciences PLC has raised its dividend by 20
pct for the year to Oct 31 2005 to 6.84 pence from 5.70 pence a year earlier
after its pretax profit rose 5 pct in the period to 26.0 mln stg from 24.7 mln.
The final dividend was 4.44 pence.
The group's sales grew to 192.0 mln stg from 178.3 mln, up 8 pct in both
sterling and local currencies.
Chairman Peter Byrom said results from the acquisitions made in 2004 have
exceeded expectations.
He also said equipment sales volumes grew in each of the group's four
operating divisions compared to the corresponding period last year. Sales of
consumables and after market products grew strongly as a result of the
exceptional volume growth in equipment in 2004.
Domino said it has continued to invest significantly in Research and
Development, and has further new products planned for release this year. The
board is also setting aside an extra 2.5 mln stg from 2006 profits to invest in
building a greater competence in providing RFID solutions to customers and in
other new product programmes.
Byrom said the group expects to enhance the product range further in 2006
with a number of new product launches.
"We are well placed in the markets we serve and we look forward with
confidence."

[cambium] 23/1/2006 08:39

blue in a sea of red, come on DNO

[shuisky] 23/1/2006 08:39

Results tomorrow. We are looking to see if pricing pressure on margins in china have abated, and also to see how the shift in product mix from ink to to laser has affected margins. In particular would like to hear good nws on add on after market sales for laser printing based solutions.

[grigor] 22/1/2006 23:35

Results soon

[cambium] 22/1/2006 20:38

It is about time that this was projected into FTSE 250

[cambium] 22/1/2006 20:37

Charles Stanley rates the stock a buy and has pencilled full year 2007 pretax profits of £33m, with earnings per share of 21.4p and a dividend of 9p.

Looking ahead, Domino is confident on outlook, although Herbert cautions that there could significant headwind from dollar weakness. That together with a higher anticipated tax rate could means analysts earning per share estimates are a tad on the high side.

The strong full year performance, favourable broker comment and continuing positive long term prospects helped Domino Printing Sciences Plc shares jumping 6% or 19.5p to 347.25p this morning, giving a forward PER of 16.5, falling to 14.8 in 2008. The prospective yield is 2.6%.

Domino shares put on nearly 25% over calendar 2006 on sustained, good trading newsflow.

[grigor] 15/12/2005 20:55

At bottom of trading range

Not far off FTSE 250

No debt, Good free cash flow

Play on RFID

Linx Printing Technologies recently taken over

[cambium] 17/10/2005 11:57

Directors buying...fantastic

[jungle jim] 15/10/2005 07:45

Year end coming up and they don't usually disappoint.

[jungle jim] 02/8/2005 13:08

Nearly 2m trades today, which is very high for this share.

[jungle jim] 20/7/2005 07:10

I've looked at each holding notification for the last two years and I can't find Credit Suisse First Boston listed. Plus if you look at the trades and charts for the few days up to the 14th (assuming the deals were big enough to be spread over several days) the trend was up.

This might be a buy.

Anybody know how we check that? Is there an on-line list available anywhere?

[padi] 19/7/2005 18:10

The RNS is pretty useless....doesn't even say if it was a purchase or sale....gotta assume it was a sale judging by the 5% fall in Share price.

[jungle jim] 19/7/2005 15:20

I assume the 3.05% ownership by Credit Suisse First Boston is an increase in shareholding? Can anyone clarify?

[jungle jim] 11/7/2005 19:24

Now that is a brilliant move. Citronix is a very good product. This gives Domino all of their nicely-developed products, a new revenue stream under a new brand and takes on an up-and-coming competitor's revenue stream, with instant profitability no less. They have kept the management, which will help prevent Domino from trampling all over the new small company with their big-company nine-league boots. I like it.

[angora7] 11/7/2005 15:24

Heads up guys,strings being added to bow:
RNS Number:7353O
Domino Printing Sciences PLC
11 July 2005



Domino Printing Sciences plc

Acquisition of Citronix

11 July 2005

Domino Printing Sciences plc is pleased to announce the acquisition, through its
wholly owned subsidiaries, of all of the partnership interests in Citronix LP
from Citronix Management LLC, Richard Fox, Dennis Sibley and Michael Comer.

Citronix, based in Fort Worth Texas, develops and manufactures a range of
innovative continuous inkjet printers, which are sold world-wide through a
network of distributors.

Formed just four years ago, Citronix is now selling in over thirty countries and
has an impressive growth record. Ownership of the Citronix brand will further
increase Domino's market share in its core business and enable access to a wider
range of customers.

The price paid was $10m in cash. Net debt assumed was $0.2m. Deferred
consideration is also payable based upon the operating profits of the business.
This deferred consideration is subject to a maximum of $20m over a five-year
period commencing 1st January 2006. Failure to achieve minimum levels of
operating profit during this five-year period automatically reduces the maximum
deferred consideration to $10m payable over period that may extend to 31st
December 2015.

The value of gross assets of Citronix at 31st December 2004 was $664,000.
Operating profits for the twelve months to 31st December 2004 were $390,000.

Messrs Fox, Sibley and Comer have been retained on long-term employment
contracts.

We expect the effect of the transaction to be earnings neutral in the remainder
of Domino's financial year to 31st October 2005.

Nigel Bond, Group MD commented, "We are delighted to announce the acquisition of
Citronix. Citronix has successfully established a position in the market for
Continuous Ink Jet products and is demonstrating strong growth. The Citronix
brand will be retained and the business will continue to operate separately from
Domino. Citronix was profitable in 2004, its first full year of trading, and we
expect the acquisition to be earnings accretive from 2006."

[cambium] 28/6/2005 08:02

waitr til 10.30 after the brokers upgrades

[jungle jim] 28/6/2005 08:01

Can anyone explain why the price is down today after those results? I can't see a problem with them, in fact to me they look very positive.

[cambium] 28/6/2005 07:59

fantastic set of results I can seee 25% upside at least

[angora7] 13/6/2005 09:50

Domino Printing Sciences plc will announce its Interim results for the half year
to 30 April 2005 on Tuesday 28 June 2005.

There will be an analyst presentation on the results at 9.00 am at the offices
of Bankside Consultants, 1, Frederick's Place, London EC2R 8AE.