De La Rue Share Discussion Threads

[redips2] 17/9/2010 12:49

I think so too Eric, may well top up.

[eric gardener] 17/9/2010 09:46

rather looks like its formed a bottom to me.

[eric gardener] 17/9/2010 09:45

Yes sliding down nicely back up to 2p short of 700p.

yes that really is capitulating into the abyss isn't it.

And it's ex div in 8 weeks if I remember correctly - shorters will of course be paying my div - so thats another big thankyou there!

[tweeeek] 16/9/2010 10:31

Slidding down nicely, but its as expected.

[eric gardener] 14/9/2010 21:41

As a long termer I always like to look at longer term charts. A good point is how it's come up from the 660 level but has failed today to hold or break 700p, a low allready in or part of a further slide?

[eric gardener] 14/9/2010 21:34

well we shall see, at the moment it's a gamble either way we are all just betting on the next piece of news which comes out really. It's only ever going to be up or down which is quite comforting in itself.

[tweeeek] 14/9/2010 14:14

Well I am still short and agree with Eric this is going up, up the spout that is.

[eric gardener] 14/9/2010 12:52

well I bought originally with a b/e of 805 and saw weakness - so I s/betted short at 749 and 795 and sat at a loss for a while whilst thinking why did I do this.

It them plummeted to 660 and I closed the shorts with a large sign of relief.

what a way to make some money.

I do feel it's going up though - not just cos I am long but I can feel it.

[felix99] 14/9/2010 12:35

I closed short as markets are rallying and sentiment seems to have returned. I would be tempted to reshort if it rises a lot more though as still think there will be gremlins to come out. Also as the figures are going to miss I wouldn;t be surprised if they get any other bad news out of the way via the kitchen sink.

[eric gardener] 14/9/2010 12:03

yes it just goes to show how wrong out perceptons can be. My personal target is 850 here.

[tweeeek] 14/9/2010 11:26

This is surprising for sure, as 600 is where I expect it to be.

[eric gardener] 13/9/2010 12:20

yes doing well today

[tweeeek] 08/9/2010 20:15

I pay very little attention to broker notes, but I am short as I mentioned the other day on here.

Once the SFO have finished and things are made more clearer then will reverse.

[enami] 08/9/2010 14:10

Date Broker name New Price Old price target New price target Broker change 08-Sep-10 Panmure Gordon Sell 0.000p 661.00p 605.00p Reiteration 10-Aug-10 Panmure Gordon Sell 797.00p 661.00p - Reiteration

[jon827] 07/9/2010 21:22

De La Rue faces Serious Fraud Office inquiry over 'falsified documents'

:-0


Paul Jones an analyst with broker Panmure Gordon, said: "De La Rue has had that kind of history. It had a real reputation for shooting itself in the foot in the '90s. [Former chief executive] Leo Quinn polished things up very nicely and put the house in order. It looks like the house needs tidying again now".

He added: "This update is much worse financially than we expected by some margin and serious in its implications for a business where reputation is paramount."

[jon827] 07/9/2010 21:19

.



big volume today, someone really hates it!

[jon827] 07/9/2010 21:17

im not looking to buy :)

[eric gardener] 07/9/2010 21:14

I'd say buy anywhere near 580.

[eric gardener] 07/9/2010 21:09

The problem here in my humble opinion is they've got large dumpers which could be understandable given the last few years performance.

[pugugly] 07/9/2010 15:56

EdmondJ: Agreed with your 2nd point.


Prudential increased their holding to over 10% today (see rns) They appear to be seeing value.

[edmondj] 07/9/2010 14:59

Perceived over-reaction to an issue De La Rue will get over.

Hard to be sure where the s/term floor is though, until all is clarified.

[pugugly] 07/9/2010 14:57

Anyone know what theshort position was - Is the bounce just bear covering or genuine long term investment ?

[eric gardener] 07/9/2010 14:14

The Board stopped shipment of any affected banknote paper as soon as it became
aware of the irregularities. All production is now within specification and the
Company is ready, subject to customer agreement, to resume supply of fully
compliant paper. The Company remains confident that neither the physical
security nor the security features in the paper have been compromised.

well - there must be some big unwinding going on I would have thought the statement would have been well received.