Dillistone Share Discussion Threads

[clocktower] 26/11/2024 10:52

Back in the ditch. Maybe get some more support from nico115 if it goes lower.

Disappointing that there has been no news of contracts from overseas, as the UK market can only be getting worse.

[clocktower] 09/11/2024 12:51

With the increase NI companies will have to pay, the outlook for DSG looks rather grim I regret to say but on the other hand if they can expand the USA side of the business, then the growth under the Trump government could be the spark that this company needs, and expansion without additional investment should lead to improvements in the bottom line.

I look forward to the next T/S.

[clocktower] 01/11/2024 16:10

More volume today than we have seen recently.

[clocktower] 26/10/2024 11:12

Well someone is still nibbling away T101 as you seem to have posted on the thread before buys on a couple of occasions, I am starting to think that you maybe are the buyer that is building a nest egg, for the long term potential, or a takeover by one of the larger concerns.

[clocktower] 25/10/2024 08:32

It's a long wait for a Spring Tide I grant you T101. Zzzzzzzzz

[clocktower] 01/10/2024 14:12

Hello T101 good to hear from you, you will notice someone is nibbling away picking up 10k lots.

Like the tide it's fortunes will change.

[clocktower] 19/9/2024 06:46

Unless there is a takeover, it will be six months before this is likely to move now, as there is no liquidity in this stock.

It has been a dog but will get its day as it is going the right way.

No growth in revenue expected and only when confidence returns will there be a rapid change, as margins are high on the main executive search product.

As nico said though, it is profitable on a day to day basis but still has debts to pay down.

Directors are not adding but can convert loan at 14p so maybe the upside is 14p for now.

Still it is up nicely and hopefully will jog up a bit more soon.

[smithie6] 18/9/2024 19:12

nico
btw

..has this share been mentioned at all in the financial/share press/media ?

it does look too cheap

[hedgehog 100] 18/9/2024 14:02

17/09/2024 07:00 RNS Regulatory News Dillistone Group PLC Interim Results & Investor Presentation LSE:DSG Dillistone Group Plc

"Dillistone Group PLC, the AIM quoted supplier of software for the international recruitment industry, announces Interim Results for the six months to 30 June 2024.

Summary

• Group H1 adjusted operating profit up £0.097m to £0.133m (H1 2023: £0.036m).

• Rolling 12 month adjusted operating profit increases significantly to £0.237m (H1 2023: £0.009m).

• Operational efficiencies increase adjusted EBITDA margin to 25.8% (H1 2023: 20.6%).

• Total revenue of £2.519m (H1 2023: £2.826m), down 11% in a tough recruitment market.

• Recurring revenues represented 91% (H1 2023: 91%) of Group revenue.

• Net cash generated from operating activities dropped slightly to £0.529m (2023: £0.565m).

• Utilisation of bank facility at period end of £0.172m (2023: cash £0.249m) reflecting ongoing repayment of Government support loans (£0.300m annually).

• Board expects to deliver full year results in line with adjusted PTP market expectations.

• Investments made in platforms and efficiency gains over recent years allow the Group to continue to deliver "Excellent" Trustpilot rated services to customers, despite significant reductions in cost base.

Post Period

• On 23 August 2024 the Group raised £0.300m through the issue of loan notes and an additional £0.060m from issuing shares to a new investor.

• As at 31 August 2024 cash was £0.156m.

Commenting on the results and prospects, Giles Fearnley, Non-Executive Chairman, said:

"In my statement in the Annual Report, I said that we had made a solid start to the year. These results confirm that statement with adjusted EBITDA and adjusted operating profit up £0.069m and £0.097m respectively on H1 2023 despite challenging conditions in our key markets. However, we are not immune to the challenges faced by the recruitment sector, and expect to see recurring revenue in H2 below that delivered in H1, driven in large part by significant staff downsizing among our client base. Nevertheless, we are confident of meeting market expectations for adjusted PTP for the year."

* Note: "Adjusted" refers to activities before acquisition, reorganisation, Government support, and one-off costs

Investor Presentation: 3pm today, Tuesday 17 September 2024

Jason Starr, Chief Executive, and Ian Mackin, Finance Director, will hold an investor presentation to review the results and prospects at 3pm on Tuesday 17 September 2024.

The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet Dillistone Group Plc via the following link For those investors who have already registered and added to meet the Company, they will automatically be invited.

Questions can be submitted pre-event to [e-mail] or in real time during the presentation via the "Ask a Question" function. ..."

[nico115] 17/9/2024 14:32

A very good Investor meet.No longer loss making .Director buying Good technology Small mkt cap Hoping for a 3 bagger . No view on a 6 month short term view. Longer term we seem very cheap indeed.

[smithie6] 11/9/2024 18:25

the chart is starting to look much better now

fingers crossed the trend might changing direction, from down to up.

[hedgehog 100] 11/9/2024 14:45

11/09/2024 07:00 RNS Regulatory News Dillistone Group PLC Notice of Results & Investor Presentation LSE:DSG Dillistone Group Plc

"Dillistone Group PLC, the AIM quoted supplier of software for the international recruitment industry, expects to announce its Interim Results for the six months to 30 June 2024 on Tuesday 17 September 2024.

Investor Presentation: 3pm on Tuesday 17 September 2024

Jason Starr, Chief Executive, and Ian Mackin, Finance Director, will hold an investor presentation to review the results and prospects at 3pm on Tuesday 17 September 2024.

The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet Dillistone Group Plc via the following link For those investors who have already registered and added to meet the Company, they will automatically be invited.

Questions can be submitted pre-event to [e-mail] or in real time during the presentation via the "Ask a Question" function. ..."

[smithie6] 10/9/2024 18:32

nice rise today

on only tiny volume

[hedgehog 100] 10/9/2024 15:57

Recent Share Trades for Dillistone (DSG)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
10-Sep-24 14:40:25 10.6879 20,946 Buy* 9.50 10.70 2,239 O
10-Sep-24 11:00:19 10.50 14,000 Buy* 9.00 10.50 1,470 UT

More buying interest in DSG today, causing a rise of 6.15% (0.6p), to 10.35p.

This is the first DSG close above 10p since May, and coming ahead of the interim results (released on 23rd. - 26th. September for the last four years).

[hedgehog 100] 04/9/2024 14:28

DSG's new 3.7% shareholder:-

29/08/2024 08:30 RNS Regulatory News Dillistone Group PLC Holding(s) in Company LSE:DSG Dillistone Group Plc

"... Name Nicholas Slater ...

5. Date on which the threshold was crossed or reached vi: 29/08/2024 ...

Resulting situation on the date on which threshold was crossed or reached 750000 ..."




According to the poster Showjumper on the LSE (London South East) DSG board, Nicholas Slater is a pretty savvy investor.

It could be then that he's a bit of a 'marquee investor' for DSG, a bullish sign:-

Jaideep Shirali
Financial Consultant (2010–present) Author has 1.2K answers and 629.3K answer views · 4y

"A marquee investor is either an individual or a corporate/ institutional investor, well known for investing in companies that turn into success stories at a later date. For example, Rakesh Jhunjhunwala in India is known as a marquee investor and so is Warren Buffet in the US (though both use their companies for the investment). The purchase of some company’s shares by such investors gives others the hope that these companies would turn out to be profitable investments for them too. ..."

[hedgehog 100] 02/9/2024 15:53

23/08/2024 07:00 RNS Regulatory News Dillistone Group PLC Trading update and Fund Raising LSE:DSG Dillistone Group Plc

"Dillistone Group PLC, the AIM quoted supplier of software for the international recruitment industry, provides a trading update and is pleased to announce that it has agreed to raise GBP300,000 through the issue of convertible loan notes ("Loan Notes") and £60,000 through the issue of new ordinary shares (the "New Ordinary Shares") (together the "Fund Raising").

The Group announced, on 12 June 2024, that its market remained challenging and, if anything, had softened further in the second quarter. This softness has continued into the third quarter.

Today, however, the Group is pleased to confirm that the results for the six months ended 30 June 2024 are likely to be in line with management expectations, which would equate to a significant improvement in operational profitability, compared to the first half in the previous year. The business was again operationally cash generative in the period.

The Board considers the Fund Raising to be a prudent course of action in case the Group's markets continue to be challenging for an extended period. The proceeds from the issue of the Loan Notes and the New Ordinary Shares will therefore be used to provide the Group with additional working capital.

The Loan Notes, which will be drawn down fully in one tranche when required by the Company, will be provided by Mike Love, the former Chairman of Dillistone, and each of the current Directors (together "Noteholders") of the Company as follows:

Giles Fearnley £60,000
Jason Starr £90,000
Ian Mackin £30,000
Steven Hammond £15,000
Paul Mather £15,000
Simon Warburton £15,000
Julie Pomeroy £5,000
Mike Love £70,000

The Loan Notes carry an interest coupon of 9.85 per cent pa over their maximum term of 48 months, with a conversion price of 14.0 pence per new Dillistone ordinary share, representing a premium over the current price of 55.6%. Interest will be payable quarterly in arrears and will be satisfied in cash. Various rights are built into the agreement for early repayment or conversion.

The issue of the Loan Notes to the Directors constitutes a related party transaction under AIM Rule 13. As each of the Directors is participating in the Loan Notes and therefore there is no independent Director for this purpose, Zeus Capital Limited, the Company's nominated advisor, considers that the terms of the Loan Notes are fair and reasonable in so far as Dillistone shareholders are concerned.

The 750,000 New Ordinary Shares are being subscribed at 8 pence each by a new independent shareholder. The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid after their date of issue. It is expected that admission of these shares to trading on AIM will take place on 29 August 2024.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 20,418,021 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Giles Fearnley, Chairman of Dillistone Group Plc, commented: "In a challenging climate, we are pleased that we expect to report positive results in H1. This additional cash injection, supported by every current Board member along with our former Chairman, Dr Mike Love, and a new, independent shareholder shows our confidence in the business. It provides working capital to support trading and will also facilitate the release of significant product updates that we expect to see later in the year.

"As and when the recruitment industry recovers, the Group will be well positioned to take advantage." ..."

[clocktower] 02/9/2024 10:35

No material change in the number of shares held by Unicorn Investment, in fact an increase of just 200 to when last reported on the company website.

This RNS seems to be due to the recent small increase in shares held by N.Slater in the company.

NAME NO. OF SHARES % OF ISSUED ORDINARY SHARES

Unicorn Asset Management 1,595,301 8.11

[clocktower] 29/8/2024 10:59

Well Mr Slater already has a paper profit of £7.5k based on the offer price of 9p not that he could sell all of them at all.

I expect he will be happy to wait a year or so to see his value rocket to a point he can release them or more likely earn a very healthy dividend in the future.

Still plenty of headroom.

[clocktower] 29/8/2024 10:17

Well it has taken only a few trades that total just over 48,000 shares to go up alomost 6%. What would 200k of buys do now?

[clocktower] 29/8/2024 09:21

Indeed chrisdgb and I see some more friends of the directors are buying into the recovery,

Seeing there are very few shares in true free float, any heavy buying could soon see this double or more maybe.

Updated software on its way, and this could even attract a trade buyer at a much higher price, which would return the lastest major holder a huge return on his relatively small investment.

This could be a good punt for those with a grand or two as it is not liquid and the MM will not often take more than a couple of thousand shares if your a seller.

[chrisdgb] 29/8/2024 07:33

Interesting shareholder name.......