Densitron Tech. Share Discussion Threads

[lcd interest] 21/7/2011 18:42

Bullish signs in the market at the momentt ; looking like a slow climb down to 5 pence for Densibomb !

Orange going strong!

[heartylaugh] 21/7/2011 18:36

"SANTANGELLO - 18 Jul'11 - 10:55 - 1322 of 1322

Didn't think it would be long before these started to move towards the 19p target............"

I see. When do you think it will reach the dizzy height of 19p? I am prepared to enter a publioc wager for charity that it does not. Not much money you understand - just about 800 Densitron shares. In other words 100 quid.

Ho ho ho.

[santangello] 18/7/2011 10:55

Didn't think it would be long before these started to move towards the 19p target............

[investopia] 16/7/2011 12:33

As I said earlier, Densitron = Is On Trend. Tee Hee, silly me :-)

[woodcot] 16/7/2011 11:32

I received my dividend this morning (stockbroker account) and looking forward to Sept when they announce the interim results.

I believe the forecast for 2011 is 0.4p however I won't be surprised if it's 0.5p for the year. Not a bad return on my average price of 7p a share but if I deduct my 5p return it only works out at 2p a share...could be a 20% / 25% yield this year beating banks and building societies hands down.

With great potential for growth in the share price and the dividend it doesn't come much better!

[woodcot] 16/7/2011 10:12

Over the last few weeks there has been some consistent buying in quantities of 50,000 to 200,000 shares. I believe there may be an institution building up a holding and are mopping up any loose stock at a round the 13p to 14p level. Looks like they have done a deal with the MM's.

Very optimistic and looking forward to the next 12 / 24 months, I believe there is good potential.

[michaelmouse] 16/7/2011 10:09

Should read "gratefully received" not "greatly received". Must wake up properly before posting.

Michael.

[michaelmouse] 16/7/2011 10:06

Dividend greatly received. Same again following the interims would be nice. Full year 0.4p/0.5p divi payout?

Michael.

[santangello] 15/7/2011 23:43

another 2 x 200k purchases I see.............

[investopia] 14/7/2011 23:35

Is on trend.

[heartylaugh] 14/7/2011 22:20

'Capital return' indeed.

Might that money have been better spent on R&D? For the next generation of Densitron product? Oh yeah, there aren't any Densitron made products.

Ho ho ho and an extri ho-di-ho-di-ho-ho

[investopia] 14/7/2011 21:49

Lovely stock indeed, and all the sweeter for being free-carried since the capital return. Ho ho ho.

[heartylaugh] 14/7/2011 21:15

MMs dropped the bid quite ridiculously, perhaps hoping to shake any 'knicker-wetters' perhaps?'

Yeah, that's what happened.

Ho ho ho.

[santangello] 14/7/2011 20:07

....and more potential stakebuilding today.

MMs dropped the bid quite ridiculously, perhaps hoping to shake any 'knicker-wetters' perhaps?

Lovely stock, well undervalued at current levels.......where I doubt it will stay for long?

[woodcot] 07/7/2011 16:51

Some interesting trades have gone through over the last few days.

Tuesday 100k at 13.75p at the close of business.

Wednesday 100k at 13.75p at the close of business.

And today 2 trades one at 200k at 13.75p and 50k at 13.75p again at the close of business.

Someone building up a stake??? the share price still not reflecting any potential, looks cheap at this level.

Regards
W

[heartylaugh] 04/7/2011 23:06

Michael,

You are a director of this company. Correct?

H.L. ho ho ho

[michaelmouse] 04/7/2011 21:59

Anyway back on planet earth.

"Displays Business

We are delighted to be able to announce that the Company has built on the substantial growth achieved during 2010 as the growth in the displays business has continued in the first half of 2011.

Order intake for the first six months will be in the region of GBP11.6m compared with GBP10.6m booked in the same period in 2010. Sales and gross profit have increased substantially and we expect to finish the first half with sales of approximately GBP11.0m and gross profit of GBP3.2m compared with GBP8.6m and GBP2.6m respectively achieved in the first half of 2010. We expect to achieve net profits for the first six months along similar lines to those achieved for the full year in 2010.

Demand for our products remains strong and a number of projects have either been completed in the first half of the year or will be concluded early in the second half. This gives us sufficient visibility to be confident that we should be able to satisfy market expectations as to full year performance."

and

"Outlook

The outlook for the displays business is very good and we remain on track with our three year plan. While the existing business continues to grow we consider there are also opportunities to expand our global capabilities further. We opened an office in Italy during 2010 which is already delivering significant opportunities and we have plans to replicate this model in India later in the year and, possibly, China during 2012."

Just in case anybody missed last week's trading update. :)

Michael.

[santangello] 04/7/2011 21:58

Defensive markdown by those cheeky MMs......hold the offer high and fleece the 'knicker - wetting' sellers by slashing the bid.......... what an easy way to make easy money.

I hold and have added throughout the last financial year.

[adamb1978] 04/7/2011 13:13

Michael - am not 'following' your investments if by 'following' you mean 'copying' - naturally I read some message boards to become aware of new companies and no doubt as a regular poster on these boards I am sure that you raise some companies which I was previously unaware of.

re the two you menioned: I bought into AVS in Jan, prior to ever reading these boards and therefore prior to seeing your blog - it was a mentioned in Shares mag which made me aware of the co. re DSN I cant honestly tell you where I heard about this company from - I think it was on these boards so may or may not have been you.

Adam

[michaelmouse] 04/7/2011 12:56

AdamB1978 - I'm flattered that you are following my investments and feel that you're able to make time to explore them in some detail. Thanks for that.

Ultimately we have to make our own investment decisions, and I'm quite happy and comfortable with this one.

The question you pose about margins is legitimate but ultimately missing the point. You write :-

"The question which I had above was a legitimate one given that margins appear to have reduced. And declining margins can impact the bottom line significantly - its called operating leverage."

Given that at the 6 month stage they have already achieved an EPS figure equivalent to the full 12 month period in 2010, then clearly a problem doesn't exist i.e. bottom line is growing significantly.

Perhaps DSN's not for you though. Good luck with your investments.

Michael.

[lcd interest] 04/7/2011 12:22

''The gross margin decline concerns me though as I would have expected a company which is at the cutting edge of an industry to be able to command high margins.''

Please see my various old posts.

I need to correct you.

This is not a company which is at the cutting edge of an industry.

This is a company which has sold all of it's stake in Taiwanese Manufacturing, and now acts 100% as a distributor, although still claims to be a manufacturer.

Why is it any surprise that this company has seen decline in GM ?

Their product range changes every year, flavour of the year franchises, most fall by the way side.

They are the worst UK Display Distributor, because they change their offerings every 6 months.

Take a look at the website.

Their current push products are Chi Lin E Paper, Seiko TFT, Univision OLED.

Last year it was CMEL, the year before Kyocera.

You can also find numerous other companies peddling the same franchises.

It's remarkable that this company has come through the recession and grown and continues to grow, given the fact that their technical direction changes frequently.

The recent dividend represented 100% of the money they got from the sale of Evervision, which is startling, as they have not invested anything in development of products since the Cassius in 1999.

They are completely reliant on Distribution.

Credit to Densitron for growth given the fundamentals; but let's not get carried away now gentlemen.

[adamb1978] 04/7/2011 10:58

Michael - re AVS: I sold at just over 120p not £1 so am only about 2p or 3p down vs the market price not 20%! My concerns with it were also not short-term, more than things could go south on a 6-12-18 month basis. Again, please read my posts as they're not 'de-ramping' posts but based on fact; de-ramping also really isnt in my style (nor do I have the time for it given job, family etc) but I think its much healthier to debate relative pros/cons of a company rather than have the one-sided, all-positive threads which sometimes appear on these boards

[adamb1978] 04/7/2011 10:13

Michael - I read your reply but you are wrong - there has been a decline in margins. Read my posts - I like this co but was trying to understand why margins were going down. Look at the data and tell me that the last two halves weren't lower!

Am not trying to de-ramp this or any other share! Again, read my posts - just as the one above, they're based on fact rather than just posting spurious comments without any basis. What would be the point in trying to 'de-ramp' anyway? Its not as an individual investor can influence share prices sufficiently to gain any advantage from posting negative comments. And equally I'm not a day-trader so it wouldnt be to my advantage - I make about 5-10 trades per year max and hold companies typically for 12-24+ months so even if I could cause a share price to drop 5% by 'de-ramping' it would be immateral in the overall scheme of things

The question which I had above was a legitimate one given that margins appear to have reduced. And declining margins can impact the bottom line significantly - its called operating leverage.

And some advice for you as well seeing as you like sharing it - if you dont like people asking sensible questions about companies then just ignore the posts and dont bother replying rather than posting rude replies. Take a leaf out of 'Heartylaugh's' post above