Debts.Co.Uk Share Discussion Threads

[bruno] 28/6/2001 10:41

Dan

Can you explain why, with such good results a great business plan, good leadership and finance, that this company lost 15% of its market cap in the last week, and without any trades?

Somebody know something we dont?

[dan_bach] 28/6/2001 08:13

FOR IMMEDIATE RELEASE 28 June, 2001

DELTRON ELECTRONICS PLC

Acquisition of Hawnt Electronics Limited for £6.8million & Radikor Electronics B.V. for £0.2million


Deltron Electronics plc ('Deltron'), the specialist European distributor of electromechanical components and solutions, announces that it has acquired Hawnt Electronics Limited ('Hawnt'), one of the UK's oldest and most respected private electromechanical component distributors. Hawnt, which is being acquired for £6.8million, comes with approximately £1million cash at bank. Deltron also announces today that it has acquired the components business of Radikor Electronics B.V. ('Radikor'), a Netherlands-based specialist distributor of electromechanical components with a turnover of £0.9million, for £200,000.

Full details at

[wirralowl] 12/5/2001 20:30

Doesn't get a lot of press. But hopefully on the back of these results will see a tip or two next week to bring it more into the spotlight. Also there may have been many waiting for confirmation that they were not effected by the slowdown before investing. I include myself in this, and invested after yesterday's results.

[kp1] 12/5/2001 19:50

Very surprised that it did not go up more than it did.

[electricmen] 12/5/2001 10:00

SEE FREE BB FOR MORE INFO ON THIS STOCK
Whiz1

[electricmen] 12/5/2001 09:55

DIVIDEND NEWS AND EXTRACT FROM INTERIM REPORT

Dividend

Our confidence in the Group's prospects is reflected in the recommendation of
an interim dividend of 1.17p. This is an increase of 17% on last year's level
of 1.0p. It will be paid on 17th August to shareholders on the register at
13th July.


Trading Outlook

Given the current economic slowdown, the Group has benefited from being
directly exposed to a broad spread of industrial customers from all sectors
and on a European basis. By any measure Deltron is a substantial force in the
European electromechanical sector, nevertheless it would be naive to suggest
that the Group is immune to a global recession, however we benefit from the
increased use of electromechanical products by a wide range of customers from
leading international suppliers and, as a result, we are not dependent on any
one country for our economic success. We are watching the US economic
contraction closely and can only hope that its benign effect on Deltron
continues.

Whiz1

[kp1] 11/5/2001 07:16

Excellent results and a good statement. Should take away all fears from this stock and push up share price.

[the big fella] 08/5/2001 11:03

Not heading south anymore. Results which are out later this week are tipped to be excellent. Perhaps you will be back in profit sooner than you think.

[gopher] 11/4/2001 19:32

OK so share prices have been going down generally & I took a holding in these as a growth and value investment at 170p in Jan & they've headed south ever since. A director sale at 158p looks well timed - down again today anybody any views

[jungle bunny] 06/2/2001 10:35

Message:


Deltron has really woken up the city, seems like they have got their PR into gear at last.

Tipped in a couple of the Papers pre-Christmas, Red Hot Penny Shares at the beginning of the year too. Since then we have had acquisition announcements, very bullish trading statement and Citywire write ups on a couple of occasions too.

I can't see this share staying below £2 for long.

I am seriously in DET (pun intended) and looking forward to the next few months ahead

[jungle bunny] 06/2/2001 10:34

Citywire:

Deltron gets some institutional attention
Sometimes the placing of new shares by a small company is a sign that it needs bailing out, but other times it's because the City reckons it’s got a strong growth story. Judging from the shrewd investors supporting tiddler Deltron Electronics’ recent fundraising there can be little doubt that it fits into the latter camp.

The company raised £7.5 million of cash back in December to fund its acquisitive expansion into Europe. There were plenty of keen buyers at the 140p placing price and ongoing demand since has kept the shares moving.

Participants in the placing include the top-rated Eaglet investment trust (EIN), run by highly shrewd value hunter Peter Webb, which has 8.3 million shares (29.7%). The highly rated Herald investment trust (HRI) is also holding shares and is tucked away beneath the disclosable 3% level. Its respected manager, technology and media expert Katie Potts, has taken just over 750,000 shares (2.7%) for the trust.

And two of Rathbone Asset Management’s top trusts have secret stakes. The Rathbone Smaller Companies fund run by the shrewd Hugh Priestley holds nearly 200,000 shares (0.7%) and Rathbone Special Situations managed by the contrarian Patrick Evershed holds 115,000 (0.4%).

Not only that, a number of these shrewd managers have been buying since the placing. Both Potts and Priestly appear to have made pretty hefty purchases towards the end of January.

In addition big name institutions like ABN Amro and Merrill Lynch got involved in the placing.

Speaking to citywire.co.uk following Eaglet’s results on Wednesday, Webb said of Deltron, along with some of his other holdings, ‘I have never seen these stocks as illiquid as they are now and expect to see significant uplifts to generate sales of stock sufficient to meet the new institutional demand.’ He describes the company as ‘the very best volume manufacturer in its field’.

So, what’s its field and why is it exciting?

Deltron (DET) manufactures and distributes electromechanical products throughout Europe. The company is experiencing strong demand for its wares for two key reasons.

Firstly there is growth in the markets it supplies. Its products have applications for telecoms infrastructure and the Internet.

Secondly its orders are benefiting from its acquisitive strategy being used to break into Europe. It has made five European bolt-on acquisitions in the last year.

Not only has this boosted sales because the company has effectively bought new customers, it is also winning it new business because of the added attraction of a pan-European operation. Last month Deltron announced new contracts with US-based ITT Industries and Japan’s Toko group.

The company had a record year’s trading in the 12 months to the end of last September. Turnover grew 42.3% to £54.4 million, profits before tax and goodwill amortisation rose by 225% to £4.1 million and earnings per share – again before goodwill amortisation – were up by 230% to 13.2p. In addition the company said it had a very strong order book.

While a repeat performance of last year isn’t expected, analysts do reckon that earnings growth in the mid teens is entirely feasible for each of the next couple of years. With the favourable trading background and institutions keen, the current price of 171p, which gives a forward price earnings ratio for 2001 of 11.7 dropping to 10.3 for 2002 forecasts, doesn’t look that challenging.

[polymerman] 04/2/2001 17:27

Very much liked by Eaglet Inv T (Peter Webb)

Investment idea in investing for growth

Techinvest portfolio at 6/00

Deals with power protection

Anyone know anything else?

P

[lda] 02/2/2001 19:03

And Citywire likes them (well, institutions...)

[jungle bunny] 01/2/2001 00:56

LONDON (AFX) - Deltron Electronics PLC said it is confident of its
short-term prospects due to the current buoyant continental European economy,
with the weakness of sterling against the euro providing an immediate boost.
Long-term prospects across Europe are the most promising, however, chairman
Paul Gourmand said in his AGM statement.
The statement said full year profits before tax and amortisation of
goodwill
rose 225 pct to 4.1 mln stg, while sales were up 42.3 pct at 54.3 mln stg.
EPS rose 230 pct to 13.2 pence, while the order intake was 60.4 mln stg, up
53 pct and leading to a strong order book at the year-end.
Growth is being driven by the increasing use of electromechanical products
in applications such as telecommunications infrastructure and internet
developments, the company said, adding that all of the principal European
countries are currently experiencing considerable growth in the use of
technology.
Deltron is now active in 75 pct of the applicable European markets, making
the company the 4th largest distributor of electromechanical components
in the EU, it said.
The company added that its placing and open offer in October 2000 raised
7.5
mln stg net, which will provide sufficient funds to enable Deltron to double in
size over two years.
jkm/