Share Name Share Symbol Market Type Share ISIN Share Description
Dillistone Group Plc LSE:DSG London Ordinary Share GB00B13QQB40 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 17.00 15.00 19.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 8.7 -0.5 -1.3 - 3

Dillistone Share Discussion Threads

Showing 1 to 6 of 300 messages
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Anyone know what is driving up the sp?
MM buy at full offer - 10000 at 170p - which is nice.
take a look at this clip from online times -210407- market report........ dyor The peculiar story of the day was provided by Dillistone, a recruitment software group, which jumped 20p to 157½p as four of its directors helped out a market maker caught short of stock. With only 10 per cent of shares in free float, they agreed to provide liquidity by selling on 11,241 issues at 157p each. Dillistone had been marked down sharply since February, sparking talk that its lone market maker was trying to shake out sellers after failing to fulfil orders requesting up to 50,000 shares. Jon McLaughlin, Dillistone's chairman and finance director, said early investors may be ready to sell more, but not at the current price
Agree with your thoughts, Peach, and holding small stake for a couple of months now. It's been a wild ride, but, encouraged by management buys, have held on and now just in profit. Hopefully when their move is completed, and if growth continues at anything like past performance, there will be increased recognition of the evident value, and an explosion of posts here. Good luck.
13:03 The final results appear very strong. The particularly interesting points for me are: - despite just less that half the revenues coming from outside the UK, and so currency movement being against them, they have managed very strong growth. So underlying growth is even higher - cash flow continues to be very strong and they have no long term debt - strong profit growth, despite the development costs of Filefinder 8 - given the guidence for a 2 times div cover - this should put them on a 4% yield - they are expanding outside of the executive search market into general corporate sales - they see considerable growth from emerging markets - order intake in Jan and Feb is 32% ahead of the same period last year The main issue is how robust the business model/quality of product is versus peers (Bonds International is the main UK competitor and there is also an unlisted US competitor) and the fact that 2/3rd of current revenue is from one-off projects. But the results put them: - on a historic PE of around 12 (less if you adjust for the net cash position). - prospective PE of less than 10 is you think they can manage more than 20% growth this year - historic growth is over 40% and they are upbeat going forward - a very high ROE - profit margins of around 20% (based on current 140p offer price) Bond International is on a historic PE of 18 and prospective 13 - for similar levels of growth - actually higher prospective growth according to the 20% growth assumption I make for DSG). Eagle-eyed readers of the final results will note the discrepancy between the 61:39 ratio between recurring: non-recurring revenues and the notes in segment reporting. I called Jim McLaughlin (Chairman and FD) to clarify this (the ratio should be 39:61 - ie the other way round) and managed to get the following interesting points: - they are doing a roadshow from 27 April - which could raise interest - they are looking to appoint a new market maker to help reduce the bid offer spread - which they accept is something they are trying to resolve with the market Long term I expect the share price to take into account: a re-rating of the PE multiple to be more in line with peers (Bond has a 50% higher PE), a re rating due to the greater marketability of the shares (as the bid-offer narrows) and a participation in the growth rate of earnings. Personally I think there's a lot of upside here. Views?
Anyone looked at this particularly illiquid stock? A software provider to recruitment firms sounds like a heavily cyclical company. That said, the market cap is around £7.8m based on an offer price of 145p (note the very wide bid offer spread on the shares). Has net cash (net of long term debt) of £0.7m. Pre tax profits are expected to be £0.9m, so post tax they are on a PE of around 12.5. Stripping out cash from market cap, the underlying business is on a PE of around 11. For the growth (40% year on year) this looks attractive. They also have margins of around 20%, a very high ROE and very high levels of management ownership. Management have been buying further this year at prices higher than the current level. The recent statements are positive on future growth with some caveats about the development costs from a new piece of software they are developing. This is not one for the faint hearted. But for me it looks undervalued given the growth, has a strong balance sheet and well incentivised management. Company announces results on 11th April. Thoughts?
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