De La Rue Share Discussion Threads

[aishah] 21/12/2021 08:24

Saba Capital reduced their short to 1.59% on 16th. 1.68% previously

[volvo] 20/12/2021 10:00

....more new bank notes more awards, 24-7, 100pc capacity filled.

[gargoyle2] 16/12/2021 18:06

Thanks zho.

[zho] 16/12/2021 17:45

Gargoyle2:

16 December 2021 | SHARES | 25FEATURE

Dan Nickols head of strategy, Jupiter’s UK small and mid-cap team

STOCK PICK: DE LA RUE (DLAR)I am optimistic about De La Rue going into 2022. I think this company is misunderstood by the market – the perception is that as a producer of banknotes, its future will be negatively impacted by the switch to cashless payments.

This view ignores the global perspective, where banknotes remain the main form of exchange, particularly for largely unbanked populations.

Moreover, there will be a powerful shift towards the use of polymer banknotes and De La Rue is a global leader in this space.

The company also has expertise in so-called authentication products which, for example, protects brand owners against counterfeit goods.

The business is under strong new management who have delivered a successful turnaround and the balance sheet is sound. Despite this, the shares (based on consensus forecasts, which we consider to be realistic) trade on a lowly price to earnings multiple of 9.1 for the year ending March 2022, falling to 7-times for March 2023. As the company delivers against these forecasts, an
upwards rerating should follow.

[volvo] 16/12/2021 17:39

Thanks zho.

I personally hate this company, 100pc fully busy doing its thing, new orders queuing up, but the Crystal Amber overhang wont allow any forward movement.

Patience dear boy, holding at 151p average seemingly forever:{

[gargoyle2] 16/12/2021 16:45

Interesting zho, thanks. Do you have a link ?

[zho] 16/12/2021 14:21

DLAR chosen as top pick for 2022 by Dan Nickolls (head of strategy at Jupiter) in today's Shares Mag

[sphere25] 15/12/2021 10:46

Nibbled a few here.

I wanted it cheaper down at 140p. The opportunity to buy some cheaper could still arrive, but watching the action here today, I can see someone is gobbling up blocks of 250k (this is further to the 1m and just over 1m block bought up in the 140's). Judging by all recent comments, the sellers on the end of these transactions can't be Crystal Amber.

The worry is that they might be the big sellers mentioned in the post above who have been sat as a wall at price points around 148p-150p. That could mean a pop higher and not being able to buy in the 140's again too.

So taken a few just in case.

It is clearly a case of wanting shares as cheap as possible but also trying to not miss out too!

So hedged somewhat on that front.

All imo
DYOR

[volvo] 15/12/2021 08:39

Gargoyle, DLAR is a printing company which specializes in printing currency and printing authentication processes.

Thats all it is. Same as any factory or office.

Even the full national lockdown didnt stop the presses, in fact production remained near 100pc capacity.

[gargoyle2] 14/12/2021 07:41

Volvo, you've made that comment before -- about Omicron having no effect, but your comments seem to focus on the Currency business which, given the commnets made by Vacher in the investor presentation about potential impact on Authentication, doesn't tell the whole picture. You still haven't addressed that, thanks.

[volvo] 14/12/2021 07:37

Sphere, well summed up re CA.

On Omicron, no effect here, presses still running at 100pc capacity 24 7.

Vacher and Loosemore know they have a winner, just increase polymer capacity by 130pc, and authentication by 25pc in 2022, and watch the cash roll in

[aringadingding] 13/12/2021 12:12

Hi Volvo, What do you mean by "L2"? In your message before you said "seems". I can't tell whether that is your interpretation of the chart or whether you had seen the interview I was referring to.

[volvo] 13/12/2021 08:16

aring, feels like L2 is firming up end of last week and today.

Any funds buying the CA stake will want a guaranteed uplift.

Transaction feels close, all imo

[buywell3] 13/12/2021 06:43

Plan B for today but what Plan for this coming Friday ?



boris like stupid git has lost the plot

[volvo] 12/12/2021 19:29

VOLVO 9 Dec '21 - 11:22 - 1843 of 1845 Edit

It seems that the offer for the Crystal Amber stake is 140p and they want 180p....surely near a compromise

[aringadingding] 11/12/2021 22:21

In a PI World interview with Andy Brough from about 48hrs ago, Andy mentions how Crystal Amber have a large stake and their brokers are looking to sell at 180p, while Schroders are looking to buy at 140p and don't have a deadline, unlike the seller. Makes a lot of sense in the context of our discussions of the last circa 4mths and also November's share price chart. Volvo, from your post, not sure if you saw it or not!

[volvo] 09/12/2021 16:17

Needless to say....if a deal brokered at say 147/150p for CA stake, then the share price rerates almost immediately and with estimates for next year in the 6/7pe area and growth guaranteed.

[volvo] 09/12/2021 11:22

It seems that the offer for the Crystal Amber stake is 140p and they want 180p....surely near a compromise

[imastu pidgitaswell] 09/12/2021 11:16

Looking like 150 is back as a resistance. Still a bit early to say - but a key level.

[zho] 09/12/2021 10:57

It looks as if ABu Dhabi have their own printing facility, although it's not clear whether they can print polymer notes:

[volvo] 09/12/2021 10:51

Thanks Tomps....they CA (Saba) want 180p and we are bidding 140p, they have have a finishing line we don't unquote.

CA overhang needs sorting.

deanowls only 10pc of worlds bank notes on polymer....big market to go at

[tomps2] 09/12/2021 09:27

Andy Brough interview with PIWORLD

Andy Brough mentions De La Rue #DLAR in the latest PIWORLD interview at 28m39s

Watch the video here:

Or listen to the Podcast here:

[volvo] 08/12/2021 10:07

Mas, yes exactly.