Debts.Co.Uk Share Discussion Threads

[artful dodger] 01/10/2004 14:53

myself also alf!

It's about time these got going..

[alfwilson] 01/10/2004 08:01

Elected to follow Director's example and topped up today.

[johnroger] 23/9/2004 12:06

LONDON (AFX) - Deltron Electronics PLC, a specialist European
electromechanical solutions provider, said profit before tax and goodwill
amortisation for the year ending Sept 30 2004 is expected to be at least 2 mln
stg, compared with 0.6 mln in 2003, which will exceed market forecasts by more
than 10 pct.
In an update on its performance as it nears the completion of its financial
year to Sept 30, the group said sales growth year on year from across Europe is
accelerating, faster in the second half than the first.
This, combined with restored gross margins at 32.5 pct and a tight control
of overheads, have all contributed to the improved performance.
Chairman Paul Gourmand said Deltron's strong operational gearing is driving
bottom line performance.
He said the group is seeing growth from all operations across Europe. "We
continue to see growth in the value of orders taken, compared to the same period
last year running at 5 pct."
The company will report its preliminary results on Dec 9.
[e-mail]
slm/

[napoleon 14th] 23/9/2004 09:30

I gather, from the EKT thread, that moneyfinger is, ALLEGEDLY, under investigation for misdeeds in the markets, EKT being one example.

Ergo, before reading his comments, apply the salt please!!!

Neither should you expect to see him/her/it here on ADVFN any more if the allegations are well founded.

[alfwilson] 23/9/2004 08:09

moneyfinger

The bear points above included 'uncertain market'. It looks from today's statement that they have seen an 'actual' improvement, which is always better than a forecast and they would seem a lot more confident about the future. Have you any view on likely target price say by the time results appear in Dec? I fully expect it to be near 85p and given that we are probably witnessing a market turnaround I would not be surprised to see 130p within a further 12 months.

Alf

[johnroger] 30/7/2004 14:58

IC tip today

30 July 2004

DELTRON ELECTRONICS (DET)

64p - electromechanical components - As a manufacturer of electromechanical components, Deltron might not sound like the most exciting business in the world. But, having restructured during the market downturn, the switch manufacturer is now ready for growth. During the first half, it returned to profitability, and substantially reduced its borrowing, following a successful placing. Deltron also benefited from impressive order growth, leaving the board confident for the second half.

It is now a harmonised European business that has a broad base of clients. Reduced costs mean that increased sales are feeding through to the bottom-line, while orders received in the first half are now coming through as billings. Gross margins have been restored to historical levels of 32.5 per cent, and the group looks well-placed to take advantage of improving conditions.

Organic growth is expected to remain strong at between 3 and 5 per cent, and the group is also set to gain from investment in new products and bolt-on acquisitions. The potential for growth across Europe remains strong. Importantly, Deltron is no longer dependent on any one sector. This makes it a lower-risk entity than when it was previously highly reliant on telecoms. From now on, useful growth areas are likely to include the security, automotive and medical sectors.

Growth in the electromechanical industry is finally picking up, too. And while Deltron has had its difficulties in the past, conditions appear to be improving, with like-for-like sales up by 1 per cent during the first half - the first time that this has happened in three years - and profits of £319,000 (from a £411,000 loss last year). At their current price, you can buy the shares for less than 10 times forecast earnings for 2005. So, as long as the upturn continues, the shares look cheap. Buy.



--------------------------------------------------------------------------------
Ord price: 64p Market value: £26m
Touch: 63-65p 12 month High: 80p Low: 61p
Dividend yield: 3.0% PE ratio: 11
Net asset value: 46p Net debt: 31%




--------------------------------------------------------------------------------
Year to Turnover Pre-tax Earnings Dividend
30 Sep (£m) profit (£m) per share(p) per share (p)

--------------------------------------------------------------------------------

2001 64.9 2.48 5.77 3.16
2002 65.5 -0.61 -2.36 1.75
2003 64.0 -1.52 -4.77 1.75
2004* 65.0 1.70 3.30 1.81
2005* 69.5 3.30 5.60 1.90
% change +7 +94 +69 +5

--------------------------------------------------------------------------------

*Evolution Beeson Gregory estimates
Market makers: 5
Normal market size: 1,000
Beta: 0.38
Last IC view: 13 Jun 2003, page 58

BULL POINTS
Robust order book

Return to profitability

Broad client base

BEAR POINTS
Turnaround in core component markets is uncertain

Shares are tightly held

[moneyfinger] 13/7/2004 20:06

Interesting comparison....EKT...Deltron.

Deltron is in the Electronic and electrical sector the same as EKT, the interims came out a short while ago.

At the halfway stage Deltron's turnover was £31.81 million and produced profit before goodwill, exceptional items and tax of 0.82 million. Basic eps of 0.2p..adjusted eps of 1.24p.. gross margins were 32.5%...share price mid about 68p Deltron is on a forward pe in excess of 25 !

EKT is in far better position than Deltron...the pre tax profit and eps should beat Deltron at the interim stage in Sept. Margins are far better at EKT being 41% as against 32.5%. Moreover margins should improve further going forward.

What is interesting...they are both in the same sector, both small
companies...prospects look far brighter for EKT yet though EKT is likely to make more eps than Deltron...EKT share price is approx 14.75p as against 68p for Deltron. EKT is on a pe of 6 and a forward pe of about 4 as against over 25 for Deltron!

You can see which share is seriously undervalued...Elektron!

The markets are not too good at the moment, however there were again more buys than sells for EKT...little wonder why!

edit...EKT has less than half the turnover than Deltron yet expected to make more profit...seems like my price target of 50p for EKT this Sept is to low!

[moneyfinger] 13/7/2004 20:04

ELEKTRON market cap 12 million.....making millions!!!

Red hot share tip Elektron...epic EKT. Net assets more than quadrupled!!! Share price doubled recently on results mid price 16p...fantastic earnings..forward multiple of only 4! Turnover set to almost treble! Earnings out in Sept...eps to more than quadruple. Cash in the bank divi on the cards...at the highest a few years ago divi of 1.25p per share. All this was predicted by moneyfinger...check out the moneyfinger dossier at EKT post 80 and read carefully. Target price for EKT in Sept 50p

[artful dodger] 08/6/2004 07:37

decent results - brighter outlook might just get us up and over 80pin the next few months and then our patience willbe rewarded......


DELTRON ELECTRONICS plc

Interim results for the period ending 31 March 2004

Deltron Electronics plc (LSE: DET), the specialist European electromechanical
solutions provider, announces its interim results for the six months ended 31st
March 2004.



Business highlights



* Return to profit
* Value of orders increased by 6%
* Confident for full year



Financial highlights



* Turnover up 0.3% to #31.8M (2003: #31.7M)
* Gross margins up at 32.5% (2003: 31.3%)
* Profit before goodwill, exceptional items and tax: #0.8M (2003: #0.3M)
* No exceptional items in 2004 (2003: #0.3M)
* Profit before tax after goodwill and exceptional items: #0.3M (2003: loss
#0.4M)
* Basic EPS of 0.2p (2003: loss of 1.5p)
* Adjusted EPS doubled to 1.4p (2003: 0.7p)
* Net debt down from #15.7M to #6.0M
* Gearing decreased to 31% (2003: 112%)
* Interim dividend maintained at 0.585p (2003: 0.585p)



Paul Gourmand, Chairman of Deltron commented:

"Deltron has returned to profit at the half year with improved margins and
gearing reduced from 112% to 31%. There is an increased air of confidence in the
sector and the value of orders received has increased by 6% over the same period
last year. As a result the Board now expects the Group to generate profit before
tax and goodwill for the full year to 30th September 2004 ahead of market
expectations."

[tday] 14/5/2004 17:28

Sold most of my Deltron. The bid/offer spread is so wide, OMHO it isn't worth investing. Same goes for other illiquid stocks.

[artful dodger] 09/5/2004 20:53

we're becalmed i say, BECALMED -stuck in the 60-80p range with not a whiff of wind to move us on.....OK I'm mad, just sitting here waiting on this stock is like peeling rocks, but prospects are better than for ages, so HOPE SPRINGS ETERNAL!

[davidhel] 01/5/2004 15:52

Get this:

Avnet Profits Up 425%

By Rob Spiegel -- Electronic News, 4/30/2004

The distribution industry is showing strong signs of life again, and nowhere is this more evident than at No. 1 electronics distributor Avnet.

[davidhel] 14/4/2004 07:24

More!

Deltron Electronics PLC
14 April 2004



Trading update - an optimistic outlook

Deltron Electronics plc (LSE : DET), the specialist European electromechanical
solutions provider, would like to update its shareholders on the performance of
the business following the completion of the first half of the financial year.

The Annual General Meeting Statement in February highlighted the strength of
Deltron's order book. It has continued to improve and margins have strengthened.
This gives the Board increased optimism in market forecasts for the year as a
whole.

The Company looks forward to reporting on its interim results on Tuesday 8th
June 2004.

[david beckhame] 14/4/2004 06:45

encouraging statement ... as if we'd ever lost faith

[ptolemy] 24/3/2004 11:16

Looking good in the run up to results.

Probably pulled up by increasiningly positive news from rivals and compoents sellers. This from UK Analyst.com :

"Electrocomponents. The electronics distributor gave a trading statement ahead of its March 31st year end which stated that since November's interims margins had widened and month-on-month sales growth had increased and that as a result full year profits would be around 106 million pounds (the analysts range of forecasts had been 99 to 106 million). If Electrocomponents does indeed make 106 million that equates to earnings of 176.3p which should fund an 18.2p payout and the shares added 11.75p to 339p. Competitor Premier Farnell was pulled up by 7p to 242p in sympathy."

[artful dodger] 26/2/2004 20:45

david -yeah wot can I say - 30-odd% gain since the new year -I'm rubbing my eyes here...I'll retire tomorrow....or maybe I should stick around and see if we can hit a quid!

[drago] 26/2/2004 12:47

should get some comment from MWM too.
he thinks det could be a big winner if the orders come through.

[davidhel] 26/2/2004 08:15

artful dodger - just woken up from very long hibernation to find DET over 80p! Bet you're a jolly dodger... :)

[johnroger] 14/2/2004 16:52

Techinvest also rate as a buy.

[mitzis] 14/2/2004 08:30

Taking another look at these after a long absence might be worth a go.. tipped by JustJim on Sharecrazy trhe other day..a well renowned tipster.

[napoleon 14th] 13/1/2004 09:19

DET and ELH are in the same basket. If you have time, IMHO the rewards should be very nice over one or two years. Both have recently perked up after being the stock market's answer to sleeping sickness and it looks like it's time to get in, DET in particular which has fewer cash problems. Both take-over candidates as well. I'm going to get a few more DET.

[david beckhame] 13/1/2004 09:10

johnroger - surely number 66 on the page?

[johnroger] 12/1/2004 21:03

david ... checked link but can't find anything.Would you post please?

[artful dodger] 12/1/2004 14:12

here we go off to test 80p

[david beckhame] 12/1/2004 12:08

johnroger - check out