Densitron Tech. Share Discussion Threads

[glasshalfull] 01/3/2012 08:03

Yep, does all seem strange.

As I said in my post above, this really isn't material given that the claim is only for £300k and DSN will obviously contest future rent of £60k.

Stock marked down 18% prior to the open which does seem an over-reaction. Hmmm....

Regards,
GHF

[valhamos] 01/3/2012 08:00

The background on the sale of Ferrograph is here:



If the property was in the name of Ferrograph and DSN sold the company to Trueform then it seems odd that DSN should now be subject to legal proceedings for unpaid rent.

Note excerpt:

" We are pleased that we have found a buyer for the business that is committed to the development of Ferrograph and who will take on the existing staff and premises."

[greenroom78] 01/3/2012 08:00

Agreed GHF, I'll be holding mine but I expect a dip in price while the market carries out its usual over reaction. 300k is around 4% of the MCap and the strong cash position means it could be absorbed if it had to be. No funds to add for me though (unfortunately).

[glasshalfull] 01/3/2012 07:48

Looks like we know of the reason behind recent share price weakness.



I'm pleased after reading through that the amount of claim is only £300k and interesting to note that involves the sale of a Densitron subsiduary in 2006.

On the face, is this a highly opportunistic claim given that the sale occurred 6 years ago? With the company intimating,

"...after taking legal advice, intends to defend the claim vigorously."

I believe the company were to schedule a trading update in a few weeks and the fact that trading isn't mentioned alongside this news release indicates to me that we can expect an in-line performance according to the last update in Nov 2011 which was only 2 months before year end.In other words I'm fairly certain that 2 months into the new financial year we would have received notification for any material deviation either way.

So, lets place today's news in context against a company that had forecast to have achieved EPS of 1.48p for year ended 12/2011 and 1.98p in the current year with large amount of net cash. It isn't material to me and perhaps will provide an opportunity for a top up.

Regards,
GHF

[greenroom78] 01/3/2012 07:45

I don't suppose the market will be keen on this?

[cfro] 29/2/2012 18:48

Trying to tick-up a bit this, isnt it?

There has been quite a few buys at around 11p for a fair few days now. PE is just 6 here which is way too cheap imo providing forecast are met.

[5dally] 28/2/2012 08:54

Tick up this morning :-)

[lcd interest] 22/2/2012 21:04

@ Hearty

''humm hello Densitron India i am from an Indian company , can i buy a tft from densitron, who buy it from a broker, who buy it from a factory.''

ahah , no need i'll buy it from the factory in Taiwan instead directly,

1 man in his bedroom!

haha

Dunsitron set to conquer the Indian Market !

The investor's buy into the press releases , is comedy

[heartylaugh] 21/2/2012 18:58

"Greenroom78 - 21 Feb'12 - 18:24 - 1439 of 1439

Didn't time my buy here very well. "


The indian office seems to have a negative effect.

[greenroom78] 21/2/2012 18:24

Didn't time my buy here very well.

[cfro] 21/2/2012 18:22

This is looking like a very good top-up point here......

[heartylaugh] 19/2/2012 19:59

Is it just one chap in India then?

[5dally] 19/2/2012 16:25

Thanks for posting that GHF :-)

[cfro] 17/2/2012 18:13

Ahh, many thanks GHF for that news. Good job someones on the ball, i didnt even think to check the website as i was awaiting an RNS from them.

[glasshalfull] 17/2/2012 17:19

I've been re positioning a few in my portfolio and added to my DSN holding today.

Pleased to see the Indian office up and running.



Densitron Opens New Office in India

London, Friday 10 February 2012

Densitron has now opened a new office in Bangalore, India. The city is a growing metropolis and is considered by many as the "Silicon Valley of India." The fast expansion of the city makes it an ideal location for Densitron, a global display company.

Bazile Peter has been appointed as the new office's General Manager. Prior to this appointment, Bazile was responsible for OLED product management at Densitron. He has taken up his new role with immediate effect and continues to support OLED projects in Densitron Europe. With his considerable engineering and design experience in the display industry, Bazile will bring the high quality products and services that Densitron offers to companies in India.

Bazile Peter says "India is an emerging market with great opportunities for both consumer and industrial applications. The opening of a new office in this subcontinent enables us to provide display solutions tailored to local customers' needs and to offer them with timely technical support. The country's multi-cultural setting makes it a very interesting place to work in and I enjoy the challenges that this presents. To help building closer relationships with businesses from different regions of the country, I am learning a number of Indian dialects at the moment and look forward to mastering them in the coming months."

Grahame Falconer, CEO of Densitron Technologies plc, commented "The opening up of Densitron India is a major step in our strategy to develop this region and maximise our growth in emerging markets. Bazile has over 6 years experience with Densitron and shows our commitment to develop our staff and provide them with opportunities to take on extra responsibility and run their own subsidiary. We are looking for good growth out of India and believe that in our present and developing range of products we have the solutions for this market."


Regards,
GHF

[pentangle] 15/2/2012 12:02

Good to see Investec on board as another institutional holder. The shares appear to be in the name of Investec nominee company names on behalf of clients, who are presumably aboard as the result of Investec's recommendation.

Investec clearly share my view that these are cheap!

[woodcot] 13/2/2012 21:18

Glasshalfull - I think you made a good purchase and it won't belong before these start trading at higher levels. Dividend forecast is 0.4p making 0.6p for 2011. Dividend forecast for 2012 is 0.8p and 1p for 2013.

I've been in these for the last 5 years. My average price was 7.5p but after the 5p return last year it works out at 2.5p, so for me the dividends are a good percentage return.

I think we will see these trade 20p plus given a bit of time on the performance of the displays business and they also have the Blackheath land which also may give another capital return/special dividend.

[cfro] 13/2/2012 18:28

Well done GHF on buying 100k under 11p. All i can say is that you must have a damn good broker to do that for you.

I've got 40k. I was tempted to top-up again today but this after all is a very illiquid share and i dont want to hold too many really.

You prefer these over LRM, fair enough. I wouldnt rule out LRM tho what with the share price drifting back a little, you may just get a chance like you did here.

I think it will be a very difficult call to make as to which will outperform either LRM or DSN, we'll see. And tbh as im invested in both im not bothered anyway.

Woodcot - As you correctly say, there is a buyer and seller of those shares. Ones thing for sure it isnt a destressed seller as they would never have gotten 12p. Quite simply, someones happy to sell and someones happy to buy....


PS - nice pull back at the end. ;-)

[interceptor2] 13/2/2012 16:47

GHF, good timing as usual, I was tempted to add to my holdings, but was being a tad too greedy waiting for a lower price :-(

That will teach me.

ic2...

[glasshalfull] 13/2/2012 16:28

I've taken 100k today...had been hoping to get these < 11p for a while and surprised to get the opportunity.

Cfro - Afraid I prefer these over LRM ;-)
LRM do look good but I would have liked to get into them a lot earlier to be honest.

Kind regards
GHF

[woodcot] 13/2/2012 16:06

I don't think you can say the 1 million shares were a sell or buy at this stage.

They went through at the mid price plus the MM's would not take that size of shares without having a buyer for them.

When the prelims are announced I think we will see a positive reaction in the SP, in my opinion this company is undervalued.

[interceptor2] 13/2/2012 14:01

Yes I noticed the 1m sale, but concluded like you that there must be a willing buyer on the other side.

The seller could be finnished now.

ic2...

[cfro] 13/2/2012 13:07

There was a large 1,000,000 share sale this morning @12p, which could have been the reason for the fall. But there is no way that the seller of a large line like that could ever get it away at that price without a willing buyer.

It will be interesting to see who is selling and who is buying.

I would think that these are still trading OK as last TS was only in Nov and then they were quite upbeat.

As you say, next update will be shortly.

According to last 'holdings' notice Mr Tim Emmott has sold uder the 3% mark.