De La Rue Share Discussion Threads

[chessman2] 24/5/2021 09:45

I’m very confident here so have bought some more.

The figures should continue to be good and we always have the chance of an opportunistic and unwanted bidder approaching.

[meijiman] 24/5/2021 09:15

Attributable is the same as earnings......both are post tax. Any difference between these two would relate to minorities but don't think DLAR has any.
Very good value here. I don't now believe it will be a bid target..but there is no way of knowing about such matters.

[johnrxx99] 24/5/2021 08:59

Comon rue, jump yer berstard, as we say in Goolagong. :-))

[aringadingding] 24/5/2021 08:44

Ah right ok thank you. I was thrown by 36m "attributable profits" in the yr to march 2020.

[zho] 24/5/2021 08:34

I think that £37 million refers to operating profits, not post tax profits, so potentially misleading.

Edit: From January TU - "As a result, the Board's expectations for adjusted operating profit for the financial year 2020/21 are in the range of £36 million to £37 million, compared with current market expectations of approximately £34 million"

[aringadingding] 24/5/2021 08:31

Shrewdmole what are your workings for £3-3.50?

I make it: £37m / 195m shres = 19p EPS

0.19 x 15 = £2.85 / shre

I have used the voting rights figure for the 195.

[johnrxx99] 24/5/2021 03:56

An early resumption of a divi would be nice.

[cravencottage] 23/5/2021 17:22

All bodes well imho.

Looking forward to reviewing the numbers next week.

[simmsc] 23/5/2021 15:56

This stock still has so much more unlocked value and potential in it. I've been long since it was down in the 40\50p area. Great company and great turnaround situation.

[shrewdmole] 23/5/2021 13:36

If profits are £37m or more AND rising just a pe of 15 puts it at about £3-3.50.

[aringadingding] 23/5/2021 12:49

As an M&A prospect for a trade company it must make a huge amount of sense.

[masurenguy] 23/5/2021 12:29

Results due on Wednesday !

"De La Rue, the money-printer has looked vulnerable to a hostile bid since its stock disintegrated after losing out on the blue passport contract in 2018. City sources claim foreign trade buyers have shown an interest. Clive Vacher has focused on cutting costs and expanding further into polymer notes. Sources say it has also developed digital and physical Covid certificates and is in talks with several governments about deploying them, although this is not key to the firm's revival. Results this week should show profits hitting a healthy £37m. Any improvement on that could put buyers on high alert."
Alex Lawson, Mail on Sunday: 23 May 2021

[aringadingding] 23/5/2021 12:28

There was also a very thorough and positive article in the FT. Spoke really of how the underlying market is not just growing but experiencing accelerating growth. The company came across well, including Clive.

There were a few throwaway discussion remarks about how they are considering providing authentication services to the cryptocurrency sector. My opinion is this would be a red herring and distraction for the company.

Anyway, whichever way you look at it, i.e. paper, polymer, authentication etc., the basic point for me is the underlying markets are not going anywhere (even though it seems like they should be sometimes) and are in fact growing.

Overall the company basically came across well. It was a thorough and well written piece.

[coscos] 23/5/2021 12:28

Fair price for company is 300p +. Very undervalued based on cutting edge security technology and excellent turnaround plan returning the company to profitability.

[shrewdmole] 23/5/2021 12:09

Alex lawson - stocks to watch ...

[biggcl] 23/5/2021 12:02

where in the mail? TIA

[shrewdmole] 23/5/2021 10:53

Nice article in the mail

[gargoyle2] 17/5/2021 16:32

Tipped as a buy in Momentum Investor at the weekend.

[johnrxx99] 17/5/2021 06:41

Hopefully boiling soon.

[cravencottage] 14/5/2021 22:46

simmering.

[masurenguy] 13/5/2021 14:46

Shareprice has been all over the place this morning but I managed a small top up @176.118 early on.

[masurenguy] 13/5/2021 07:47

Very valid point kooba but it would also be interesting to know what this deal is worth as it is a renewal rather than new business. I see it really as good PR, particularly from the last line of the RNS which states "These contract wins are in line with De La Rue management Turnaround Plan expectations.”

[kooba] 13/5/2021 07:33

Positive and further strengthens the visibility of the order book, one of the biggest company's in the world continuing to back your IP to protect the integrity of some of their most important products is also a great validation of the market position of the technology and confirms its world leading position.

[cravencottage] 13/5/2021 07:04

Good news.