Densitron Tech. Share Discussion Threads

[cfro] 18/5/2012 15:34

I think most of us have sold up davidosh after the libel case and lack of newsflow recently which has put a lot of us off unfortunately.

If you go please do let us know your thoughts.

[davidosh] 18/5/2012 15:10

Densitron today announces that its AGM will be held at 11a.m. on 12 June 2012 at the offices of Westhouse Securities Limited, 12th Floor, One Angel Court, London, EC2R 7HJ.

Anyone coming ?

[woodcot] 17/5/2012 16:52

Yes, way undervalued in my opinion. It makes very interesting reading.

Westhouse Securities

16 May 2012 Strong Buy Densitron Technologies*

(from Buy)

Displays attractive growth prospects

Current price 9.88p

Target price 18p


Densitron is understandably upbeat on the year ahead having reported
impressive results for the year ended 31 December 2011 and with Q1 2012
orders up 28% on the same period last year. In our view, the company is well
placed to benefit from the increasing proliferation of display screens used in
business and industry, but this is yet to be reflected in the share price. With the
stock trading on a modest FY2012E P/E of 5.5x and offering a dividend yield of
8.1%, we upgrade our recommendation from Buy to Strong Buy and reiterate
our 18p target price, providing c.85% potential upside.

[mikey34] 17/5/2012 16:02

FWIW Westhouse Securities have come out with a strong buy rec on this today.

[heartylaugh] 09/5/2012 00:27

@ battlebus

1. Plot the C.E.O.s purchases of shares against performance / news releses.

2. Then calculate total investment as a percentage of his annual payment.

[battlebus2] 08/5/2012 09:35

Yeah still holding mine can't see the point in selling at this lower price when for me there are more positives than negetives to push the shares higher medium term.

[woodcot] 08/5/2012 09:17

Not a big purchase Battle Bus although it shows the chief executive believes there worth buying. At 9.75p he will get over a 6% yield and if the core business makes progress which they have already implied it is them the yield could be even higher.

I'm happy to take the dividends and see how the business and the BH asset fair over the next 24 months.

[battlebus2] 08/5/2012 08:59

Densitron was notified on 4 May 2012 that Grahame Falconer, Chief Executive Officer of the Company, purchased 35,000 ordinary shares of 1 penny each ("Ordinary Shares") in the Company at a price of 9.75p per share on 4 May 2012.

Following the purchase, Mr Falconer holds a total of 365,000 Ordinary Shares in the Company representing approximately 0.53% of the Company's issued share capital.

[woodcot] 04/5/2012 22:17

I've been in for about 6 years and I'm staying put. If these are a bad set of results then I would like to know what certain posters think are a good set of results.

My average is now 3p so 0.6p dividend equals 18% return for me. For me it's a win win situation.

[interceptor2] 04/5/2012 22:13

michaelmouse, you are right to point out that the order book has increased 28% in the first 3 month's,but it did decrease from £10.1m to£ 8.9m last year, but I really hope that this works out well for you.

Just not for me as a nervous weak ex holder at this time.

regards ic2...

[investopia] 04/5/2012 21:18

You can't make it up michaelmouse!

I guess there'll always be weak holders. Not me. I've been here for five years or so and I'm staying.

[michaelmouse] 04/5/2012 20:59

interceptor2 - "I can't see anything positive in these results".

Apart from another year of significant growth, a 100% hike in the dividend payment (6.3% at the current sp) and a 28% increase in the order book three months into their next reporting period. The shares currently stand on a p/e ratio of 8 and the company is growing revenues and profits significantly even though we have experienced some of the most challenging economic conditions in living memory.

Each to their own I suppose, but I suspect most shareholders are very happy with their performance. :).

By the way your statement about the order book reducing is factually incorrect:-
"I am pleased to be able to report that the level of orders booked in the first quarter of 2012 has been in excess of 28% higher than for the same period in 2011."

Looking forward to my nice chunky dividend again.

Good luck.
Michael.

[interceptor2] 04/5/2012 18:37

No it's not just you GHF.

I also sold the last of my holdings here.

I can't see anything positive in these results, as well as missing forecasts and the order book reducing. I think the following statement must be a concern going forward.

" However, in the near term, opportunities to grow the business will diminish unless action is taken to develop it further. To this end, the following four specific business objectives have been identified and have been incorporated into the current business plan:

-- Increase in market share from the existing business;
-- Geographical expansion of the business;
-- Introduction of new products to the current product offerings;

Sorry to be negative towards DSN, but good luck to holders here.

ic2...

[glasshalfull] 04/5/2012 17:49

Glad it wasn't just me callumross ;-)

I'm out of DSN at a loss today...took opportunity to offload in size into a rising share price. My worst investment decision of 2012.

Best wishes to remaining holders.

Regards,
GHF

[callumross] 04/5/2012 16:08

Maybe being critical here, but I was a little disappointed (a) because they came up short of brokers forecasts of £1.4m PBT (b) no progress on Blackheath and (c) nothing positive on the legal case apart from £100k being set aside for legal fees

[valhamos] 04/5/2012 13:01

"The fundamental product offerings are fluid and flawed." (#1503)

Which I guess explains the following from the today's announcement:

"I am pleased to be able to report that the level of orders booked in the first quarter of 2012 has been in excess of 28% higher than for the same period in 2011. This clearly demonstrates the continuing strength of demand for the types of products that the Group sells."

[callumross] 04/5/2012 12:14

any link to that broker note battlebus?

[clocktower] 04/5/2012 09:56

Well done to all at Densitron. Good results.

[battlebus2] 04/5/2012 09:52

Westhouse Securities reiterates its buy stance for Densitron... 04/05/12 08:30 with a target price of 18p.

[heartylaugh] 04/5/2012 09:07

Woodcot

Buy more shares then. Or are you on a mission to help us by sharing the secret that Densitron is a great investment opportunity?

:-0

[woodcot] 04/5/2012 08:27

Well the figures are out and it's all very good news. Turnover up, profits up and dividend up.

This company is well undervalued in my opinion.

[lcd interest] 01/5/2012 22:21

Densitron Europe website

''The Seiko TFT display range is now discontinued by SII.''

Did some digging SII = Seiko/.

That would be Densitron's main franchise since the last one was lost 2 years ago.

You all missing the fundamental point here, Densitron as it stands can't maintain a product range for more than a year without a hiccup.

Knowing this Industry from past experience, you can't chop and change like this and expect to grow a customer base.

There are no other companies in this field which turn over their product ranges so frequently.

They are either making repeated poor strategic decisions or are unable to hold on to the suppliers.

The fundamental product offerings are fluidd and flawed.

Any director comments?

[cfro] 11/4/2012 13:41

Encouraging to see these coming back up.

[callumross] 11/4/2012 13:35

Interesting to see that despite the spread being 9.25p - 10p, that you can sell for 9.8p. Virtually the offer price! What is especially intriguing is that it is the company's own brokers Westhouse Securities, that is bidding at these levels. Hopefully the fact that they are bidding so aggresively for stock is an indication that they have either seen the annual report due to be published in the next few days or alternatively that there has been a positive outcome in the tenancy dispute.

[penpont] 08/4/2012 22:00

Thanks for the response woodcot. Am just spending some time working out ISA possibles for the new tax year, and adding to my existing DSN holding is a consideration.