De La Rue Share Discussion Threads

[farrugia] 12/4/2023 08:26

it seems that in this climate it is far easier to lose money as a retail investor than making it. Stock falls are truly savage while rallies are very shallow.

[jack jebb] 12/4/2023 08:18

Wow, only just noticed this.

[castleford tiger] 12/4/2023 08:12

Had a daft trade at 33p

tiger

[kaos3] 12/4/2023 08:03

i consider this as the bod capitulation rns - a surrender

but

after this fiasco - can it be saved and after all the new restructuring, lay offs debt repayments etc ... costs and time

what is it worth ...

authentication business + some cash business - 40 mil, 50 mil

[castleford tiger] 12/4/2023 08:01

We have a new King which should of forced a new roll out??

[kinwah] 12/4/2023 07:49

It looks as if Ernst & Young were bang on the money with their going concern warnings. Interest rates going up has meant cash held at home has been paid into banks meaning that governments don't need to order new banknotes. There probably has also been a hefty increase in the use of card payments which has reduced the circulation of cash in the system meaning notes don't need to be replaced as frequently. We could be close to the point where DLAR has to sell the banknotes division as the industry consolidates to reduce the excess capacity. Desperate times.

[kooba] 12/4/2023 07:48

Worst fears this is the 4th and biggest profit warning with few signs of any light at the end of the tunnel. CRS whilst nursing a bad book has been proved pretty right on its assessment of the business as has the company's auditors. I'm sure that is of little comfort to all shareholders.The board's position seems untenable and its stewardship and guidance to the market over the past 18 months appears completely inept.With the continued uncertainty over "talks" with banks over their banking covenants and pension trustee i think it impossible to even talk of what seems a necessary fundraise just now. What a mess.A low ball opportunistic bid seems main hope ..but I'm sure any bidder is sitting back and watching the train wreck.

[terminator101] 12/4/2023 07:43

Just mostly red ;-)

[farrugia] 12/4/2023 07:30

its not all red

23 November 2022
· Authentication revenue rose 2.5% to £45.5m (H1 22: £44.4m); margin lower due to adverse sales mix and supply chain headwinds, but expected to recover full year to broadly flat versus FY22

12 April 2023
We expect revenue in the Authentication division to exceed GBP100m for the first time in FY24, driven by the existing order book, including the full-year impact of the Qatar, Bahrain and Oman GRS programmes, and a substantial increase in demand from the Australian passport programme

they need to focus even more aggressively on the Authentication division

[castleford tiger] 12/4/2023 07:28

How much further will this now fall?

In Nov they said they would not hit 36 guiding 30/33

Now we are low 20`s .......

Debt going up again...........i can see another 20% fall today so high 30`s

tiger

[farrugia] 12/4/2023 07:25

its not all red

23 November 2022
· Authentication revenue rose 2.5% to £45.5m (H1 22: £44.4m); margin lower due to adverse sales mix and supply chain headwinds, but expected to recover full year to broadly flat versus FY22

12 April 2023
We expect revenue in the Authentication division to exceed GBP100m for the first time in FY24, driven by the existing order book, including the full-year impact of the Qatar, Bahrain and Oman GRS programmes, and a substantial increase in demand from the Australian passport programme

they need to focus even more aggressively on the Authentication division

[middlesboroughfc] 12/4/2023 07:20

Vachurs head on a pole

[paraguay] 12/4/2023 07:18

From bad to worse. News today looks as thou the pain will continue for some time.

[kooba] 11/4/2023 13:46

Well there should be news near termDe La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") announces that on 30 March 2023 it received a notice from Crystal Amber Fund Limited requisitioning a general meeting of the Company's shareholders (the "Requisition Notice").The company has 21 days to call the GM and likely will try to put a bullish spin on things if they can rebutting CRS claims of abject failure in the strategic 3 year plan. So 9 days left to do that. Also the company normally puts out a trading update covering year to end March before the middle of the month so one should expect that landing in the next few days. Last year 8th April.These announcements might well overlap i guess..these bits of news should give shareholders a better picture of whether the Chair should be given more time to oversee the plans the board approved in February 2020 and raised £100m to pursue that strategy June 2020.

[kaos3] 11/4/2023 11:11

pd - exactly - but for some time cash could have been the cash cow

what I was after was authentication business - which depends on the rule of law above all - lobby for the business at the regulator .... and then get the business

like tobacco

[powereddrones] 09/4/2023 14:51

Digital money is on the horizon anyway - cash will be confined to history. This is what the market is telling us. There is a point where you can't looseanymore.

[kooba] 09/4/2023 14:08

More concerns!

The chairman of De La Rue has been accused of making a “mockery of good governance” after it emerged that he refused to disclose that the banknote printer’s new director previously worked at the company, in a move designed to forestall scrutiny from his critics.

De La Rue appointed Margaret Rice-Jones as a non-executive director in 2020, but decided not to note in the announcement or on the website her previous role at De La Rue in the late 1990s, when she was hired by Kevin Loosemore, now the chairman. She is the senior independent non-executive director.

In September 2020, Loosemore admitted in an email — seen by The Sunday Times — to activist investor Richard Bernstein that the company wanted to avoid scrutiny from corporate governance advisers — specifically PIRC.
Loosemore wrote: “PIRC recommended voting against me at [the] AGM saying I wasn’t independent as I’d worked at DLR! We wanted to try to avoid that and thought PIRC were unlikely to notice!”

[my retirement fund] 08/4/2023 11:14

The only thing keeping the equity at 50 pence is an outside chance Vacher and the parasitic board can be removed by activists before the receivers are called in. If it were not for Crystal Amber, the share would be changing hands for under 10 pence!

[my retirement fund] 08/4/2023 11:10

Any asset can be steered into bankruptcy, rendering equity worthless. Rover cars were worth over £1Bn when BMW handed the business over to the Pheionix four, and within 4 years, they blew the whole lot. Vacher and his cronies have done a similar thing here!

[dealy] 08/4/2023 09:46

people are judging the business on the share price. but hundreds of companies have suffered similar share price falls over the last 2 years. Small and mid caps are just in the toilet right now. virtually every company I follow is at an all time low. This is primarily an asset management crisis not a business operations crisis

[blanketstacker] 08/4/2023 08:53

Harry, the new CFO is only an "interim" appointment. Not a good sign. I have started selling down, at a big loss.

[harry_david] 07/4/2023 17:48

Good news on the FD.