De La Rue Share Discussion Threads

[colonel a] 09/9/2014 08:16

What's the average growth rate in the UK economy over the last 7 years ?

[topvest] 08/9/2014 20:33

Good company, which I still look at. Trouble is there is NO growth. Compound average growth rate in revenue over 7 years is less than 1%. Running hard to stand still. Says it all really.

[tweeeek] 08/9/2014 18:07

This is an easy short all the way down to 700 the deal is nothing special and was expected.

[iaincc] 08/9/2014 16:41

Those shorters must be licking their wounds and looking for a new strategy.

Maybe they'll go long if they've any cash left :~~]

[redartbmud] 08/9/2014 15:56

It is an interesting debate. Since currencies ceased to be backed by gold, they only have value as a tradeable commodity as long as the users have confidence in them.
If Scottish bank issued notes are not supported by the new government then they become worthless.
Can a scottish government justifiably support two currencies - Scottish notes would not be part of Sterling.

Just a thought.

red

[colonel a] 08/9/2014 13:49

QP,
Most notes in circulation north of the border are printed {by DLAR ??} for nominally Scottish banks.
Since these would no longer be legal tender post independence, if AS were to stick with sterling we would have to use pukka BOE notes.
One of many ironies.

[quepassa] 08/9/2014 13:24

Scots money.

If the Separatists win:-

-Salmond will fight tooth and nail to retain sterling.
- If the UK Treasury subsequently boot Scotland out of sterling, the Scots might anyway continue transacting in sterling.
-If Scotland does ultimately establish a new currency, they may be a potential new customer for DLAR who ALREADY PRINT notes for Clydesdale Bank.


If the Separatists lose:-

-The hypothetical question goes away.



On the balance of probabilities, the outcome of the upcoming Scots YES/NO vote would seem neutral to positive for DLAR in my opinion.

At worst, If the Separatists win and cannot keep sterling, it may mean a small reduction of £sterling notes in circulation.



Personally, remain very upbeat about the prospects for DLAR with their new CEO, burgeoning opportunities in cyber security, vastly growing requirement for security printing of more and more documents, and almost certain continuation of printing notes for The Old Lady.

ALL IMO. DYOR.
QP

[topvest] 08/9/2014 11:48

Good to see the Bank of England giving this to a British company. Common sense prevails!

[trewsa] 08/9/2014 11:46

Scottish money?

[quepassa] 08/9/2014 10:59

TODAY.

Investec issue a broker note and they REITERATE their BUY recommendation with a TARGET PRICE of 915p.

ALL IMO. DYOR.
QP

[quepassa] 08/9/2014 08:58

Good luck on your short.
At a yield of 5.5%, a new CEO announced and the Bank announcing in writing that they expect the contract to go ahead, you are a brave man.
Good luck to you as I say, but my guess is that you will be wiped out.

ALL IMO. DYOR.
QP

[redartbmud] 08/9/2014 08:57

Tweeeek

Good luck. Ya pays ya money and ya takes ya chance.

I for one think that preferred bidder will transalte into an order.

red

[tweeeek] 08/9/2014 08:52

I am taking this opportunity to place a short, its not a done deal and could be scuppered at the last minute, 764 a lovely opportunity to short, 715 a fair target. If the deal goes through then so be it.

[redartbmud] 08/9/2014 08:49

QP

Bloody well agree!!

red

[quepassa] 08/9/2014 08:48

Bloody Brilliant.

THE BANK EXPECTS TO SIGN THE CONTRACT IN OCTOBER.

See BoE statement



Back to £10+ soon methinks.

Yield is very attactive.

ALL IMO. DYOR.
QP

[redartbmud] 08/9/2014 08:20

A well done to Philip Rogerson and his team is in order here.

[chinese investor] 08/9/2014 08:12

Nice Bonus Rise !
Great Dividend !

[quepassa] 01/9/2014 13:05

"Within the next six months" and by April 2015 according to The Telegraph.

See below.




ALL IMO. DYOR.
QP

[meijiman] 01/9/2014 12:36

Agree looks a solid appointment. Removes one uncertainty.
When is the approx date of the £10 note order ?? Anyone know??

[redartbmud] 01/9/2014 12:22

QP

I agree with your assessment on the appointment.

Currently I am holding until the £10 note order is placed. I will review my position at that juncture.

red

[quepassa] 01/9/2014 11:43

Martin Sutherland, the newly announced CEO, seems to come with a good pedigree from BAE Systems, where he was running the BAE Systems Applied Intelligence division.

Under his stewardship , revenue at BAE Applied Intelligence more doubled since 2008 according to The Telegraph.

BAE Applied Systems Applied Intelligence derived more than 50% of its revenues according to the same article from counter fraud, cyber security and communications solutions. Potentially interesting and incremental lines of business for De La Rue.

On paper, looks like a good and high quality hire bringing expertise in cyber security which is a burgeoning field.

ALL IMO. DYOR.
QP

[topvest] 18/8/2014 13:18

Interesting post on bank notes in circulation - thanks! Not sure the past predicts the future though as we are getting to an inflexion point.

[quepassa] 17/8/2014 21:04

post 613 refers.

ALL IMO. DYOR.
QP

[topvest] 17/8/2014 20:17

This is a quality company, that is not in doubt. I have looked at this for a while, but have now removed from my watchlist. Why? Simply because I'm not convinced we need notes and coins any more. Certainly, currency is in steady decline. Their major product is becoming technically obsolete, and the pace is likely to quicken rather than slow in my view.