De La Rue Share Discussion Threads

[quepassa] 28/5/2014 10:16

Very solid results.

Excellent news on new products, cost savings, innovation and strategies.

In addition to awaiting news on who wins the Bank of England contract, the market may further react positively as and when the new CEO is announced.

By De La Rue's somewhat conservative standards, looks like a fairly healthy Outlook for the present 2014/2015 year.

At a 5% yield, a very investible company now with most of the cost cutting strategy completed and a clear path forward.

Earnings Per Share are ahead by an astonishing 58%.

ALL IMO. DYOR.
QP

[redips2] 28/5/2014 08:53

+ hopefully good news on the long awaited contract win----happy to hold .

[redartbmud] 28/5/2014 08:50

At last, life on this thread.

red

[meijiman] 28/5/2014 08:46

Yes with one or two modest caveats this is very solid indeed. Underlying positive cashflow of £99m is a standout. These should bounce nicely today -mark up first thing and hopefully again post the analysts meeting. Be interesting to see if there are any profit upgrades -maybe not at this stage -but the shares are cheap anyway.Agree 1000p should be on the cards soon.

[lab305] 28/5/2014 08:33

Bought 4k shares this morning. Excellent results. 5% div , cost cutting in place, should be £10 per share. Buy.

[redartbmud] 28/5/2014 08:30

It seems like they have got something right, and the share price is reacting accordingly. Now where are the punters? No investors = No market!

red

[cwa1] 28/5/2014 07:48

Philip Rogerson, Chairman, commented:

"I am pleased to report a strong year of trading with underlying operating profit up 43 per cent at GBP90m despite a more challenging Currency market.

These results reflect the significant progress that De La Rue has made through implementing the three year Improvement Plan which has grown profits from GBP40m in 2010/11 to GBP90m in 2013/14. De La Rue is in fundamentally better shape today and with a culture of continuous improvement embedded in our business there will be further efficiencies ahead.

We entered the new financial year with a good order book albeit reflecting the recent more difficult pricing environment in the Currency market. The Board's expectations for 2014/15 remain unchanged."

[quepassa] 22/5/2014 16:35

Interesting.

Of course there are many countries in the world where the vast majority of the population have no banking accounts whatsoever and cash is the only means.

Cash wallets, cards, wave-pay, preloaded plastic, electronic transfer etc etc are indeed gaining momentum all the time in the UK and Western World.

However, go to the Bank of England website. Look for the Banknote section and you can do some interesting analysis of Bank notes in circulation for any given month going back to the 1960's. - These are the official stats direct from the bank of England of notes in circulation. You will perhaps be surprised at the rampant growth of notes in circulation.

Please verify for yourself. For example since 1996:-

January 1996 £21billion
Jan 1998 £22billion
Jan 2000 £27billion
Jan 2002 £29billion
Jan 2004 £35billion
Jan 2006 £39billion
Jan 2008 £45billion
Jan 2010 £51billion
Jan 2012 £57billion
Jan 2014 £62billion

(all subject to rounding)

So, it can be seen that rather than decreasing, banknotes in circulation have grown exponentially over the years in the UK, despite new ways of digitally transferring money and paying by plastic or electronic transfer.

It would appear that Banknotes continue to play a very important part of money circulation still in the UK which is a highly sophisticated economy.

Whilst electronic money is gaining traction, cash perhaps remains king. Read this:-



Interesting discussion. -Thank you.


ALL IMO. DYOR.
QP

[redips2] 22/5/2014 15:56

Btw, I hold dlar, but the signs are there .

[quepassa] 22/5/2014 13:23

it is for the uk.

[redips2] 22/5/2014 13:07

plastic notes---no biggie .

[quepassa] 22/5/2014 11:18

De La Rue has designed polymer fivers for Clydesdale which will be put into circulation as the first plastic notes in the UK
Let's also hope they get the BoE contract in due course.
Good news. Just announced:-




Cannot yet trace who is printing the notes. let's hope also De La Rue.

ALL IMO. DYOR.
QP

[redips2] 16/5/2014 11:29

Been wondering when a new CEO will be appointed , need a top man to give this outfit a boost .

[darias] 03/5/2014 06:31

Cash will not be around for twocenturies! I doubt it will last fifty years.

[bountyhunter] 02/5/2014 17:40

worth a read...



"...But the biggest recent development has been the introduction of plastic, or polymer, substrates – the film upon which the banknote is printed. Polymer notes last two and a half times longer than their uncoated, cotton and linen-based paper equivalents. They are also harder to counterfeit.
De La Rue's polymer "house note", a specimen to display its latest technology, features a heron dipping its beak into water. The ripples are completely transparent and are overlaid with an ornate fish design, using a "blind embossing" technique.
The group produced the notes last year for its bicentenary. It hopes such innovation will see it dealing in cash for another two centuries.

[quepassa] 29/4/2014 08:16

Thanks.

What are the "interesting implications" in your view please?

QP

[pugugly] 29/4/2014 07:55

Wigton plastic banknote firm Innovia bought in £410m deal



Interesting implications.

Innovia Group has been sold to private equity firm Arle Capital.

Arle, which has managed the Wigton-headquartered business for five years, raised funds from a syndicate of global investors to finance the buy-out from Candover 2001 Fund.

[meijiman] 08/4/2014 08:36

Many thanks QP-excellent post and more than helpful.I think there would be so much fallout if the contract were given to an overseas company it would be a factor in their (BOE) thinking. I'm sure DLAR can deliver a competitive proposition.

[meijiman] 07/4/2014 12:42

pray tell us what you perceive to be these 'supporting factors'. Don't disagree with you by the way.

[quepassa] 04/4/2014 13:48

My money is on De La Rue to retain the bank note printing contract for the BoE from 2015 for a variety of reasons.

I could be wrong but there are a lot of supporting factors in my view in favour of De La Rue so doing.

ALL IMO. DYOR.
QP

[redartbmud] 03/4/2014 16:07

QP

We could do with a contract for plastic £10 notes from BofE.

red

[quepassa] 03/4/2014 11:51

Rebounding strongly from early Feb lows of 740p.

Looks like sell-off may have been overdone.

Hopefully there will be news soon of the appointment of a new and dynamic CEO.

ALL IMO. DYOR.
QP

[jange] 26/2/2014 20:01

Yep, Aa rather dull company and a dull share. Not very happy that Cobbold is leaving. He performed very well at Smiths and managed the takeover at Chloride. He has repaired dlar to an extent but the share price remains in the doldrums. I just hope they win the BOE contract.

[quepassa] 25/2/2014 16:23

Not necessarily such a bad thing that DLAR will gain a new CEO.

Cobbold did a reasonable job in my view.

A new CEO may bring fresh vision and a new and more dynamic outlook.

The DLAR image is rather staid in my view and is badly in need of refreshing and updating.


ALL IMO. DYOR.
QP