Dcc Share Discussion Threads

[sogoesit] 03/12/2018 18:20

I own both DCC and BNZL but over the last year or so DCC has under-performed BNZL.
BNZL has also been less volatile.
Why?
Maybe DCC are getting too diversified, with the Tech investments recently, a strategy I'm not sure I understand fully.
I don't know the reasons for this but prefer adding, when I do, to BNZL rather than DCC for the time being.

[djderry] 24/11/2018 19:07

To each his/her own ,I suppose.I focus on the operations of the company,I pay no attention to charts.What we have here is one of the all time great compounding machines on any stock market anywhere,outperforming any FTSE benchmark you care to mention.That's not to say they can't mess up,of course they can,but there's no evidence of it so far.As always ,short term/medium term ,the market can go anywhere.Long term is much more predictable.These guys,by my reckoning are fair value at circa £88.When they reach that price I won't be selling.I just never imagined I would get to pick them up at these sort of prices again.

[arja] 20/11/2018 13:59

chart shows short term downtrend and dangerous to buy almost any stock at the moment with dow futures tumbling . I have no idea about the fundamentals as just trust
the charts normally .

[djderry] 20/11/2018 12:26

It hurt me to sell some of my other shares but I've just bought another 60 K (euro) in DCC,what a steal!

[djderry] 16/11/2018 23:34

I don't.Profit is up 12% in the seasonally less important half year.The adjusted figures are adjusted as they sold DCc environmental and as they amortise intangibles ,which happen everytume they buy new businesses.If memory serves me correctly,they've bought about 200 companies over the years.These guys are seriously undervalued.I put a lot of extra cash into Burford this week so don't have any firepower available.However,I'm moving some funds and will ,in due course,deploy them.If this is anyway near the same price,I will be doubling up on,for me,a substantial enough investment. I am here since the 18 euro level and I've never seen them so undervalued.I only hope I can get my funds in time.

[eentweedrie] 14/11/2018 18:09

totally agree

[sogoesit] 13/11/2018 07:52

Hmm... what bugs me is the reporting of "Adjusted" EPS without a transparent reporting of basic EPS which I make to be 69p.
How long is it going to take before "adjustments" are not the normal way of running the business?
It aways raises suspicions in my mind when things aren't clear... more digging required!

[djderry] 12/11/2018 15:33

I predict an uplift tomorrow!

[sogoesit] 28/9/2018 07:00

Agreed, a 10% dilution is a pain.
Will the jam be for today... or tomorrow?

[djderry] 27/9/2018 12:26

The shares should have been offered to all shareholders,not just the privileged few/institutional ones.

[djderry] 21/6/2018 19:26

Added more in the last couple of days, mulling over going back for more.

[sogoesit] 15/5/2018 11:48

Yep, added on the pull-back and neutral reaction to results.
A goodun for the long run.

[djderry] 15/5/2018 08:40

Very positive results, this is exactly the kind of company I want in the portfolio, constantly growing, increasing EPS and dividend, 24th consecutive increase, lots of interesting info in finals.

[djderry] 02/5/2018 22:02

I've a vested interest, being a shareholder here and in Applegreen. I'd like to see DCC buy them and roll out their offering, if possible, to their own petrol retail stations, or are they tied to the Shell branding? We could make a lot more profit if we put some retail offerings into all those unmanned stations as well. Give me double the Applegreen share price and I'll sell (to myself)!

[djderry] 13/4/2018 21:29

I'm inherently suspicious of companies that grow through acquisitions. There's a famous quote by Mr. Buffet, which I won't bore you with and Peter Lynch's coining of the word 'deworsification' spring to mind. However,in the case of two notable companies, DCC being one, I'm happy to suspend my disbelief. They've executed on their strategy year in, year out. They (almost)never miss their targets. When they do, it's acceptable,i e, weather - related. Their strategy of becoming number 1 or 2 in the markets they enter has been doggedly pursued. This stated purpose, their track record and their entry into the US LPG market indicate they deserve their place as one of my 'Big Four' single stocks. The only question now is, do I add again?

[sogoesit] 06/4/2018 16:05

Added a few today. Should've based now and be on the turn.

[djderry] 01/3/2018 17:41

Sold a bond fund to buy more of these today.If they can continue to manage their bolt ons and not overpay for acquisitions, then we're in for some ride.The US LPG market is one of several fronts that are in their sights,with the Asia Pacific market also entered.They have proved their ability to scale up and maintain tight cost control.Their ROI is impressive.What they've got to watch out for is overstretching management functions.It's all very well to oversee the ops remotely from the Dublin office but they've got to maintain that tight connection with local managements.I like that they don't try to buy turnarounds, I'll avoid the famous Warren Buffet quote on that subject.

[djderry] 19/2/2018 13:25

Another little drop please and I'll pull the trigger!

[sogoesit] 09/2/2018 18:02

Lol! Just thinking the same... no reason for a defensive not to be defensive!

[djderry] 08/2/2018 17:04

I own shedloads of these.I usually hunker down and do nothing when Mr. Market throws a tantrum.However,if these fall a little more I'll have to buy another batch.

[sogoesit] 15/1/2018 13:21

Interesting "spin" (or as I call it "political propaganda")... LPG is a by-product, mainly, of oil refining!
(Propane: C3H8 and Butane:C4H10 so 3 times and 4 times more carbon than methane).
I wonder what the carbon footprint is of the production of pressure containers?
Lol!
(I hold DCC so don't care if someone spins this tbh!)

[florenceorbis] 15/1/2018 09:59

Rodda’s hits carbon & cost targets by switching from oil to LPG
Posted on 15 Jan 2018 by The Manufacturer

Liquefied petroleum gas (LPG) was the perfect fit for Cornish dairy manufacturer Rodda's, saving the business 70 tonnes on CO2 emissions and 11% on fuel costs.
Rodda’s hits carbon and cost targets by switching from oil to LPG - image courtesy of Flogas Britain.
Rodda’s hits carbon and cost targets by switching from oil to LPG – image courtesy of Flogas Britain.

Wishing to reduce its carbon footprint (while at the same time reduce costs), Rodda’s knew the time had come to move away from oil as the energy source for its production process.

The company’s main uses of fuel are for steam generation used in the pasteurisation separation system, heating the cleaning equipment and powering the heat exchanger CIP system. It is vital these systems receive a controllable, consistent and uninterrupted supply of fuel.

Liquefied petroleum gas (LPG) from Flogas Britain was the perfect fit for Rodda’s. It’s a proven energy source, offering huge financial and carbon savings when compared to all grades of oil.

Rodda’s Operations Manager, Chris Quelch explains: “There were numerous reasons for converting from oil to LPG and we’ve seen many benefits.

“CO2 was the main source of focus, and since installing our LPG system, we’ve reduced CO2 emissions by 70 tonnes a year. This is hugely important to us given our focus on hitting our set environmental targets

“Naturally, we also wanted to reduce costs, and switching to LPG, has saved us 11% on fuel alone. With LPG another more hidden benefit has been a large reduction in boiler servicing. This means the boiler isn’t offline as much, giving us quite a significant time saving, but also increases the amount of money the switch to LPG has saved us.

“We’ve seen big changes in efficiency too. Whereas we used to get an 8:1 burn ratio with oil, we now get 11:1 with LPG. The burners now run for longer, but on a lower load, reducing the shock on the boiler. This will also help keep maintenance requirements (and costs) down.”

As with most installs of this size, there were a few logistical challenges to overcome, but these were easily dealt with by Flogas. The expert team provided a start-to-finish, turnkey LPG service to maximise heating performance and minimise disruption.

Quelch continues: “As with every part of this project, the Flogas team handled the challenges professionally and efficiently. One of the reasons we chose Flogas for our LPG project was that they offered a fully managed solution – the whole package. This meant that we were assured of a start to finish solution taking into consideration all of our individual requirements.”

In terms of payback, Rodda’s was expecting to recoup its outlay in 18 months; however the company hit its target even earlier, as Quelch explains: “The project has paid for itself in just over a year, which was beyond our expectations. It’s very impressive.”

Lee Gannon, managing director at Flogas, concludes: “Dairy production can be an energy-intensive process, which has a knock-on effect on costs and emissions. This is something that Rodda’s recognised within its own business, and was keen to address. The results of a simple switch from oil to LPG speak for themselves, and Rodda’s will be enjoying tangible financial and environmental savings for years to come.”

For more information on how switching from oil to LPG could benefit your business, please visit www.flogas.co.uk.

[djderry] 11/1/2018 07:43

Another small add on.

[sogoesit] 05/1/2018 16:01

Hopefully beginnings of a break-out to the 8100’s broker targets... it’s an expensive share tho (part of my defensives).

[djderry] 04/1/2018 19:20

It's a small add-on in Deuschland but should be seen in a 600 million plus pounds of acquisitions in the financial year.Also, perhaps,as it takes them into refrigerant gases.If this global warming thing hits the home heating market,we can always cool them down!!!