Nice to see........ |
I've been piddling about trying to buy some but it's gone NT now before I could get anything meaningful |
New buyback program for £100k. Could buy 500,000 shares |
Market really needs the trading update to work out what is going on....... |
Not a holder but the share price is pretty grim ever since the buyback stopped propping it up. Dividend edging towards 10% here though and about 50% of the market cap is in cash .. potentially cheap.. |
eeeeuuuugghhh. |
very little, until the bid... |
This came up on a screener I made, nice divi etc .. doesn't seem to ever have any newsflow though..? |
Yes good to see. |
Nice new shareholder........ |
bring back the share buyback.......... |
Quite a few of us have presumed this has been lining up for a trade sale - myself included, but is there any real evidence to support this - or just supposition?
FWIW, I get it to be worth around £20m / 38p per share-ish, but it could easily be more given the optimism today - and I imagine they'd be looking for more like 50p plus in a sale - which is the kind of territory the share price used to live in generally until three years or so ago. |
have been restructuring but now with that done and the single brand name, as I say all tidied up... |
I have thought someone would buy them for three years and have been sat on a position waiting. Can anyone think of a reason why they haven't been taken over? I know in theory its a people business but............... |
Loss for the year 0.6m? |
Nice and clean for someone to hoover up........ |
Makes a change to be happy here. Seems the turnaround is bearing fruit. |
 "Results ahead of expectations"
Full research note here:
FY24 was the first year in a four-year transformation process for Diales. Profitability was ahead of expectations, notwithstanding staffing related issues in North America and two customers falling into administration during the year. The move to a hub-and-spoke delivery model has increased utilisation levels further, with the new ERP software delivering ‘real-time’ information and the scope for greater efficiencies. With an expected easing of economic headwinds and reduced political uncertainty, plus a growing pipeline of opportunities, we anticipate increased expert headcount and rising utilisation to drive further growth and margin expansion within the forecast period. The net cash of £4.3m gives the Board options, not least possible M&A and a completion of the share buyback programme.
Net cash / share currently amounts to 7.9p or 29.5% of the market capitalisation, thereby underpinning the sector-leading yield and current share price. The shares trade at a marked discount to its peers and the introduction of conservative estimates leads us to increase our fair value to 47p / share, from 40p previously, which represents a healthy premium to the current price. |
Having down-scaled in the Middle East, they are now closing the US office.
A micro multi-national: it makes little sense to multiply complexity and costs with very low turnover subsidiaries all over the world.
The bottom line should be improved by shutting down the US branch that never should have been opened in the first place. |
Thanks, all looking nice and clean for someone to buy it...... |
Can anyone explain to me why someone hasn't bought this company? |
"FY trading update shows group on right track"
Diales has issued an update for the year to September, stating it traded broadly in-line with consensus expectations. This is encouraging, suggesting profitability was largely unchanged in H2 and in turn, higher EBIT margins. The delivery of the hub and spoke model is gathering pace and the group re-branding to Diales completed in July.
Net cash increased to £4.3m (H1 ’24: £3.6m) representing 26% of the NAV and leaves the valuation of the operating business at a significant discount to peers. Staffing related issues in the US have continued, resulting in the decision to close the office and we are encouraged by the Board’s rapid response.
Revenues increased modestly yoy to £43m, suggesting a higher proportion fell during the seasonally weaker H2 (48% vs 43% in H2 ’23), benefitting from a stronger Q3. Underlying EBIT is set to increase yoy to ‘not less than £1.1m’, highlighting a modest improvement in EBIT margins in H2, in part reflecting the cost savings delivered during H1.
Cash levels represent 8p/share and with estimates broadly in-line, we reiterate our fair value/share assumption of 40p.
Link to research: |
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