De La Rue Share Discussion Threads

[quepassa] 18/9/2013 07:33

-16th September.

Citigroup put out update:- BUY. REITERATE


-3rd. September.

JPMorgan Caz. OVERWEIGHT. REITERATE.


ALL IMO. DYOR.

QP

[philo124] 13/9/2013 09:06

Broker put me off selling @1050+ couple of days ago.

[quepassa] 13/9/2013 08:59

The way forward is polymer.

FT headline today, Page 22:-

"A Switch to plastic notes fits the bill for De La Rue"

and article continues,

"Analysts estimate that the potential market for currencies is huge".

Agreed.

Reliable 4% + yield.

ALL IMO. DYOR.

QP

[jezbutler] 10/9/2013 16:39

It looks they have the ability to produce them, according to the following:

[felix99] 10/9/2013 15:50

how is DLAR affected by moves towards polymer rather than paper notes. Do they have polymer technology as well ?

[broadwood] 26/7/2013 08:11

Chairman's statement was quite positive - and no more nasties.

So hopefully we should start to move ahead now.

[redips2] 25/7/2013 08:30

steady are my thoughts too----steady is ok .

[philo124] 25/7/2013 07:21

Yes, quite positive.

[broadwood] 25/7/2013 07:14

Steady enough statement.

[jange] 29/5/2013 12:29

I suppose it a case of steady as she goes. I like the idea of placing so much emphasis on new products, provided they work of course! Cobbold has certainly ripped out much of the dead wood which just shows how badly DLAR was being managed before he came on the scene. He is a massive asset and I would be tempted to ditch the shares if he were to leave.

[broadwood] 29/5/2013 11:39

Investec has upgraded its rating for banknote maker De La Rue from 'add' to 'buy' following the company full-year results on Wednesday, with the broker saying that the company is in 'increasingly good shape'.

Results for the year to March 30th were broadly as expected, Investec said, with revenue down 8.0% to £484m (missing the £501m forecast) but underlying profit before tax up 2.0% at £59m (ahead of the £56m estimate).

However net debt of £77m, whilst up sharply from £25m the year before, was lower than the broker had forecast (£94m) due to lower working capital and capital expenditure.

Investec highlighted that despite markets conditions having "clearly become more challenging", De La Rue "importantly" reiterated its operating profit guidance of in excess of £100m for the current fiscal year ending 2014, up from just £56m the year just gone. This will be helped by the 'Improvement Plan' which is now targeting cost savings of £40m, from £30m previously.

Investec admitted that a number of important currency contracts are required to underpin this operating profit target and investors are likely to be concerned until these are fully secured.

"Reduced visibility in ordering patterns from the group's customers continues to impact, particularly on production schedules, increasing forecast uncertainty," the broker said.

"However, the group is increasingly in good shape operationally and we believe this bodes well for its competitiveness, flexibility and long-term profitability. The next news flow will be the annual general meeting in July, which will be eagerly awaited to see if the required contracts have started to be secured."

The target price for the stock was raised from 960p to 1,050p

[broadwood] 29/5/2013 09:48

Just bought a few on these results.

Investec De La Rue PLC 29/05/2013 Upgrades Add Buy 1 960.00 1,050.00 986.00 90

[birdsedgeuk] 28/5/2013 23:02

Wow now thats a trade...Nikkei on traderdiary.co.uk

[redips2] 28/5/2013 09:35

Not expecting too much in the results--steady improvement will do me .

[philo124] 27/5/2013 08:36

Results 29th.

[philo124] 22/5/2013 19:57

O, through £10 then.

[redips2] 04/4/2013 11:42

and also to let you know 'you are not alone' :)

[redips2] 04/4/2013 10:39

looks as if you may be able to add more soon phil .

[philo124] 28/3/2013 14:07

Could breakout.

[philo124] 08/3/2013 08:54

Bought this a.m. sub £9.