De La Rue Share Discussion Threads

[jensen10] 11/7/2023 20:23

They are hedged rather than outright short. They own CA shares and so long DLAR via that position. Boring technical that has been going on for over a year now

[mickyl] 11/7/2023 18:37

The stalemate should run out of legs soon. If the share is undervalued then shorters are playing a risky game.

[orbit007] 11/7/2023 16:11

Investor relations never got back to me on the questions I sent after the presentation , could not agree more, the board and management of this are to blame for the low share price - awful

[jensen10] 11/7/2023 16:06

So as soon as CA announce they have increased their stake, the selling pressure increases and I have seen a big spike in my shareholding being lent out on borrow, presumably to shorters. Looks like all the accounts who had the CA arb on of share price vs underlying NAV have had to increase their DLAR hedge. So rather than helping drive share price higher CA buying has increased the stalemate!

[mickyl] 11/7/2023 12:09

I can’t believe they are selling at these prices. Ludicrous.

[farrugia] 11/7/2023 10:30

Directors being awarded shares for destroying shareholders equity.

and they have the cheek to sell half of them at these dismal prices. Says a lot about this bunch. Crystal Amber were correct all along. Directors enriching themselves at the expense of shareholders.

[blueball] 10/7/2023 15:10

Is it CA selling today.

[mickyl] 10/7/2023 14:41

Someone just sold approx 500,000 today

[bricktycoon] 09/7/2023 13:30

Shorts on the run 100 p this week amber coiling the spring

[blueball] 09/7/2023 11:18

Tell me when it hits 5p.

[onjohn] 09/7/2023 09:26

covenant breach rumour

[bricktycoon] 09/7/2023 07:25

Market cap 99 million get ready for 3 billion market very soon fair value 5 pounds . Amber and brandes send this through the roof next week. German take over imminent . 300 p 600 million bargain. Cash is king.

[jotoha2] 07/7/2023 21:47

Fair value now 460p , doubt the Germans will trigger a hostile bid at that value .

[mickyl] 07/7/2023 20:14

If Crystal Amber get enough shares it will trigger a sale. Competitors will be circling and no doubt in touch with Crystal Amber. Their exit price, whatever it is, is key to everyone who has a stake in DLR. My gut tells me it’s around the 90p mark as the 9% they were already carrying consisted of older higher value shares , the rights issue £1.10 and then add on the hovered up 5% at 35p ish.
If I were going to put in a hostile bid I would get Crystal on side and if they beat 90p by a decent % say 20 to 25% they’ll back the bud to a hilt. 120p to 125p will do it. I hope I’m wrong!!!

[mickyl] 07/7/2023 16:17

Let’s hope you’re right.

[bricktycoon] 07/7/2023 15:55

The big money knows this is ready to be taken over the germans are coming 300 p bid imminent

[mickyl] 07/7/2023 13:59

I thought Odey was a forced sale due to his unsavoury antics and investors bailing out of his fund.

[bricktycoon] 07/7/2023 12:30

Big buys coming through wouldn't want to be out over weekend

[bricktycoon] 07/7/2023 12:28

The new chairman wont have a chance to make a plan histile bid of 300 p next week odey cleared for a reason amber hoovering up shares all the time boom time very soon

[mickyl] 07/7/2023 11:58

This share is massively undervalued and I’m surprised it hasn’t passed £1 given that when it was at £2 the balance sheet looked similar. In fact authentication looks like it’s in better shape compared to then and portals split will benefit cashflow going forward. Debt levels are well within the new covenant limits. New chair needs to formulate a new strategy as the last cost cutting one needs beefing up. Cost cutting is not enough to move the business forward.

[mickyl] 07/7/2023 11:41

I think we’ll struggle to hit 60p today the volume isn’t there. There is good resistance at 50p. Yesterday was a bad day for the markets given the Fed announcement on interest rates but DLR held at 50p.

[blueball] 07/7/2023 10:58

Promises promises.

[bricktycoon] 07/7/2023 10:15

This is primed to explode today bid next week 300 p coming

[bricktycoon] 07/7/2023 07:48

Booooom time today 60 p getting taken out bid imminent