De La Rue Share Discussion Threads

[volvo] 19/11/2021 17:09

March 2021, this year 212p

[financialfred] 19/11/2021 12:21

volvo, in 2 years de la rue share price never gone beyond 200p+. its just about stabilised after disastrous 2017-19. All will be revealed next week.

[volvo] 18/11/2021 19:09

I'm glad i've grabbed your attention, its working.

This stock will achieve what I set out for it to achieve....ie 200p plus and within days.

It will reach my target of 20pc uplift, if that irritates you, then all the better

[imastu pidgitaswell] 18/11/2021 17:34

And I do that too, with this and many other shares - as posted previously this has been a great range-trading share. But I don't see any sign of him telling people here that he ever sells. Just the relentless plugging and egging people on to buy more - as if there are no negatives or uncertainties. There are.

It just irritates me a little - not much, I've seen far worse - on a thread that previously used to be balanced and less prone to hysteria. Maybe it's just me.

[wbodger] 18/11/2021 13:08

Not necessarily inconsistent, git. He/she doesn't have to post after sells, and may have a core holding he/she leaves in place. But I'm grasping at straws!

[imastu pidgitaswell] 17/11/2021 20:44

Mmm, that's quite impressive.

Your first post was on 25th May this year. On 26th May, the results came out and you posted "The results and comments encouraged me to double my position here in my SIPP."



The share price that day opened at 209, had a low at 184 and closed at 193.

On 1st June: "Been buying here at that level ish 181p"
On 19th July: "Just got my last lot at 160p, now overweight and confident"
On 1st Sept: "I have spent the summer nibbling away at 170p-175p"
On 23rd Sept "Final purchase today." (price was between 188 and 191)
On 1st October: "Bought another 12k at 178p today"
On 22nd October: "Bought 10k more stock at the close at 164p." (also had "This stock has been my worst buy of the year")
On 1st November "i bought plenty in this latest slide at 165-166p"
On 3rd November: "Took my last 20k at 164p today"
On 10th November: "I'm in at this level again" (level was 158-161)



free stock charts from uk.advfn.com



And yet your average is 162, with that buying record. As I say, impressive.

🤥




It's a good business, recovering well enough - I don't see the need for ramping and porkies.

[volvo] 17/11/2021 18:43

No chance, I'm in heavy at 162p average, going well over 200p, watch and learn.

[financialfred] 17/11/2021 18:21

back down to 160 in 2-3 weeks time?

[volvo] 17/11/2021 18:09

The rise continues....very under priced, 250p imo is reasonable...

[gargoyle2] 16/11/2021 07:38

According to Stockopaedia, consensus forecasts are:

- this year (ending 27 March 2022): revenue £407m, adjusted EPS 15.3p
- next year (ending 27 March 2023): revenue £445m, adjusted EPS 20.6p

As far as the interims next week are concerned, the comparison to H1 last year might not look fantastic, because last H1 included £9m operating profit from Identity Solutions, which has now been sold, but I'm expecting full year guidance to be maintained or raised.

[deanowls] 16/11/2021 04:46

Anyone got a link to broker forecasts?

[volvo] 15/11/2021 17:04

pe of 7 2022-23 imagine its on target or above in 9 days time?

[imastu pidgitaswell] 15/11/2021 16:44

Interesting close...

[volvo] 12/11/2021 17:16

we will imo

[gargoyle2] 12/11/2021 15:50

A few largeish trades going through today -- 313k, several 20k, 12k, a few 10k. Let's hope we see a steady rise over the next 12 days.

[volvo] 12/11/2021 08:15

This company is nothing more or less than a high security printing business.

Paper and polymer ink and printing presses.

Quote the job, put 25pc on the bottom line, print finish deliver.

It should be all about keeping the presses running, which it is 24hrs a day 7 days a week.

So as many fancy companies are starting post to reveal profit warning as the pandemic disruption becomes clearer, this company should be rock solid dyor.

Edit end of July 2021.

In Currency, De La Rue continues to experience strong demand and is building an order book in line with its expectations for growth. The mix of business is also positive. The programme to grow its polymer substrate activity, including more than doubling production capacity, is on track, and worldwide demand for the Group's SAFEGUARD(R) polymer is developing in line with forecasts.

In Authentication, both the Government Revenue Solutions (GRS) and the Group's Brand businesses are on track to meet expectations. De La Rue has secured a further multi-year GRS award since the full year results in May 2021, and the pipeline of contract opportunities remains robust. Implementation of existing contracts is in line with expectations, and recently won contracts will contribute to growth in H2 of the current financial year.

[imastu pidgitaswell] 12/11/2021 07:28

buywell - 🤡

[buywell3] 12/11/2021 00:01

You rampers must be seeing something here that buywell missed

[gargoyle2] 11/11/2021 21:04

Good question. Loosemore spent £1 million and Vacher £150k in the June 2020 equity raise (at 110p), but it would have been nice to see themn take more since then.

[financialfred] 11/11/2021 19:50

why have the de la rue directors not bought or sold any shares this year?

[gargoyle2] 10/11/2021 20:49

Thanks IP. I think I did that calculation (in a roundabout sort of way), so glad you came to roughtly the same number.

I've been looking again at the recent trading update too, to see if there's anything in there that might have caused the recent drop. I've come to the conclusion that (other than that the FY outlook is in line with the board's expectations), it isn't telling us much. I'm not sure what the fact that trading has been 'positive' is telling us -- is it 'positive' (profitable) as opposed to negative (loss making) or 'positive' (up) as against last year or as against expectations? And the fact that the Turnaround Plan and cost reduction activities 'continue to strengthen performance' against H1 2019/20 and H1 2020/21 should be a given! What is that telling us? Anyway, only 2 weeks to wait.

[imastu pidgitaswell] 10/11/2021 20:35

Remember you can't project off EPS from last time because they had a new issue of shares part way during the year.

You need to project a profit forecast - after tax - and divide by the number of shares in existence - 195 million. Last year's calculations used a different number for the numbers of shares, because it was an average for the year.



£35m divided by 195m shares = around 18p per share - which does give a similar answer, mind, for the half year. Attractive at 160 and below.

[gargoyle2] 10/11/2021 20:10

Volvo, do you have an EPS forecast for the interims? I reckon we could be looking at 8.5 to 9p EPS for H1. (By my calcs, the two divisions made around 7.5p EPS in H2 last year, then add in the additional curreny and authentication revenue and strip out the additional cost savings, and 9p doesn't seem too far fetched.) If so, the current 160p share price will look very cheap.

[volvo] 10/11/2021 17:36

You will do well....the update will read as follows (and quote me on in it)....turnover has been very impressive (minus passports etc), and positive trading continues across the group, debt levels are below forecast although our investments in polymer printing are showing a positive returns, order levels are at record highs and the outlook is positive.

....the directors are very happy with the Turnaround Plan so far, order intake is at a very high level and should equate to 100pc of total capacity during 2021-2022 being accounted for. The companys position on dividends looks positive as profits build.

Get the gist....this company is not dying its on the up, as cash will be king

Edit I'm in at this level again, going over 250p easily