De La Rue Share Discussion Threads

[quepassa] 24/5/2016 07:50

Bank Note Printing up.

The big Euro500 drug-dealers note is being withdrawn.

Should significantly spur global volumes of Note printing.

Steady results. Good yield


ALL IMO. DYOR.
QP

[randomwalker] 24/5/2016 07:20

Steady numbers and dividend remains unchanged

Nice earnings growth, but less on the profits......but I am holding for the chance of bumper profits if/when the euro breaks up.

The EZ has kicked the Greek can a few metres down the road....but could still come to a crisis (again)in July. The EU really does not want it to happen before our referendum

[ch1ck] 14/4/2016 02:59

Congrats to all holders of this share. This will power forward on the back of good news and the breakout

[ch1ck] 02/12/2015 08:50

Very nice news and move up

[neilyb675] 02/12/2015 07:25

De La Rue plc ("De La Rue" or "the Group") announces the results of its review to optimise the manufacturing footprint. This demonstrates positive early progress on the delivery of the five year strategic plan. The main conclusions are:

· Reduction in banknote print capacity from 8bn banknotes per annum to 6bn and in the number of production lines from eight to four

· Expected savings in excess of £13m per annum from FY18/19 in addition to the Group's existing ongoing cost saving initiatives

· Three centres of excellence for banknote print: Gateshead in the U.K., Kenya and Sri Lanka. Closure of Malta banknote production

· Associated capex of less than £30m, half of which is incremental to normal annual run rate, and exceptional restructuring costs of £8m

· Creation of centre for excellence for Identity and Security Print in Malta as part of Invest and Build strategy



Banknote print:

The Group is seeking to maintain its leading position in the commercial banknote market by optimising its manufacturing footprint to deliver the right capability, capacity and cost base. It plans to invest less than £30m. The majority of the investment will be used to replace and modernise existing print equipment over the next two years and to reduce the number of production lines from eight to four. This will reduce core production capacity from current 8bn to 6bn banknotes a year, with ability to flex up to 7bn through built in flexibility. Volumes in excess of 7bn notes will be achieved through external partnerships.

Banknote production will be consolidated into three centres for excellence: Gateshead in the U.K., Kenya and Sri Lanka. The existing banknote production in Malta will discontinue. As an important part of the Optimise and Flex strategy, the restructuring will bring De La Rue's production capacity in line with current market demand, and greatly enhance the efficiency and flexibility of the Group's leading banknote print business.

Security print:

By leveraging its strong market position as the largest commercial supplier of passports, the Group is seeking to accelerate its growth in the Identity and Security Products markets by improving capabilities and investing in new technologies. A significant portion of the overall £30m of capital investment will be invested in equipment and skills to create a centre for excellence for Identity and Security Print at De La Rue's current site in Malta. This will enhance further the Group's Identity and Security Print capability and give the Group a competitive edge to capture the high growth opportunities in these markets. The current Security Print capability in Gateshead, U.K. will be relocated to Malta.


The restructuring plan will require a total capital investment of less than £30m, half of which is incremental to the normal annual run rate, with associated restructuring costs of £8m over the next two years. Through improved efficiency and productivity, the restructuring is expected to generate in excess of £13m annual cost savings from FY18/19 in addition to the existing ongoing cost saving initiatives.

The restructuring will impact around 400 jobs, with approximately 300 being at risk of redundancy, mainly in Malta. A formal consultation with the affected employees is now underway. The proposed plan, subject to the consultation, will complete in the first half of FY18/19.

Martin Sutherland, Chief Executive of De La Rue, said:

"As the leading commercial designer and printer of banknotes and passports, our manufacturing footprint review has identified significant opportunities for improvements in capability and efficiency. Today we are announcing plans to achieve a more streamlined De La Rue, in line with the future needs of our global customers, focused on centres for excellence with investment that underpins our future."

[neilyb675] 24/11/2015 10:18

50p swing today, crazy

[casual47] 24/11/2015 10:14

DLAR already had renewed itself and was leader in smart cards with their De La Rue Card Systems division. . .unfortunately they spinned that segment off and Oberthur bought it in 1999. It is now the biggest money spinner for Oberthur.

Missed opportunity, me thinks.

[ch1ck] 24/11/2015 10:08

MejiYou are right the move by Avon was driven by the S10 respirator and sales to the US.The printing of money is very wasteful and in the next ten years we will see this being replaced by phone transactions and smart cards.I was involved with Motorola 15 years ago developing 3/4G and phone billing for the purchase of goods and that is only just happening.If Delaru are to flourish and not just survive they need to embrace the latest tech and be at the cutting edge.

[meijiman] 24/11/2015 09:40

Yes Avon was one of the all time greats. The catalyst for that was finally getting out of automotive related supply to concentrate on gas masks/defence and dairy.Can't see a similar catalyst here but you may be right in seeing this as a buying opportunity.

[ch1ck] 24/11/2015 09:10

I disagree with Meij i think the board are taking steps to turn the company around.Cost reduction cutting out the dead wood and investing in new tech is the way forward.Price is nearing a new low and this loos like a good entry point with a confirmed dividend to come. I will pick up more today and see this rising steadily over the next year.The same thing happened at Avon and look at that now.

[neilyb675] 24/11/2015 08:31

better than expected results

[meijiman] 04/11/2015 08:44

The company is run by amateurs but you are not allowed to say so.
Fairly obvious from looking at the chart. But all the problems are nothing to do with the management -its all down to factors beyond their control.Sunspot activity etc.
They are very good at picking up the monthly salary though.

[grahamite2] 03/11/2015 23:19

Down, down, down for 6 months. I might be a buyer except I assume the market knows more than I do.

[loofyloofy] 22/10/2015 16:31

Pretty quiet around here - looking ahead to the Interim Statement end Nov....hopefully all on track per Cman´s Statement in July.

[james smith] 19/9/2015 11:30

Ah !

That's mining isn't it.

[james smith] 19/9/2015 11:30

Time to start minting DeLaRueCoin.

[ch1ck] 06/8/2015 08:17

We are off the lows and have seen a nice bounce. Outlook looking good

[james smith] 02/8/2015 13:38

Here's the best line from Paradise Lost

"The mind is its own place and in itself, can make a Heaven of Hell, a Hell of Heaven."

Makes ADVFN bearable.

[ch1ck] 29/7/2015 04:07

The stock is caught in in the general down trend at the moment but we should se a strong rebound once the markets stabilise this is based on the good results and rns posted this month along with an upgrade

[james smith] 27/7/2015 10:01

That was a good read.

[ch1ck] 27/7/2015 08:15

Lets keep this thread spam free