Share Name Share Symbol Market Type Share ISIN Share Description
Dillistone Group 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
  +6.50p +7.51% 93.00p 90.00p 96.00p 93.00p 84.50p 86.50p 19,335 15:28:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 10.0 0.4 2.7 34.7 18.29

Dillistone Share Discussion Threads

Showing 101 to 123 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/2/2014
13:54
So how come I have several software companies who expense R&D. IGP, MCGN, AVV for starters. I don't have a view on the rights or wrongs of doing it. My point is that when the capitalisation is significantly bigger than the amortisation as here, it flatters the figures against those companies in the sector who don't do it.
wjccghcc
07/2/2014
13:52
The really interesting analysis on this is when you split the company into the pre/post acquisition of Voyager, and look at the relative EPS for each, taking into account the shares issued for Voyager. That seems to indicate that the growth is coming from the acquisition, rather than the underlying DSG business. They do seem to be messing about with management charges a bit, which makes interpretation difficult, & I would wish them to be more transparent on this issue, so we could appreciate the relative performances of the 2 brands & geographical results.
2jamdog
07/2/2014
13:50
I Agree with Valhamos here - there will be NO software companies on the LSE which expense all software development - it simply doesn't comply with IFRS. As for DSG, the depreciation & Amortisation charge in 2012 was £553k, of which £238k was software development, £227k acquisition intangibles, and £88k depreciation of other fixed assets. See notes 12 & 13 to the accounts.
jimmcl
07/2/2014
13:01
WJCCGHCC- The figures are not flattered at all. It is important in terms of accuracy and relevance of the accounts that companies DO capitalise software development, so that current investment, whose returns are in subsequent periods, is not expensed immediately but charged (via amortisation) in line with the benefits of that investment. Hence why this treatment is mandated by the accounting standards that listed companies have to comply with. See post 83 onwards for an earlier discussion of this point.
valhamos
07/2/2014
12:15
The figures are flattered a bit by them capitalising software development - 803k last year. They don't separate out depreciation/amortisation so it's hard to tell how much they're amortising but given the total is 553k split between depreciation, amortisation of acquisition goodwill and amortisation of capitalised costs, I'd guess they amortise maybe 200k of it. So the PBT figure is flattered by 600k vs those software companies who expense all software development. Doesn't look like - takes that into account when doing the sector comparison.
wjccghcc
07/2/2014
09:22
This maybe of interest, Paul Scott's assessment, in his daily blog.... 'This is a small software group, serving the niche for software specifically targeting head hunter employment agencies. I had a pleasant lunch with the Directors last year, who made a good impression as the type of people I like to back - i.e. straightforward people who are just getting on with the job of growing the business. Niche software businesses are intrinsically attractive as investments, since they usually provide mission-critical software, and have a very good stream of recurring revenues, as Dillistone does. Also in this internet age, it's fairly easy to rummage through Google to find third party evidence of whether a software product is any good. Decent software should leave a pretty clear trail on the internet, from user groups discussing it, reviews, etc. If there is virtually no evidence of software even existing on the internet, then you need to question why. Even though it's small, Dillistone software (which operates under several different brands) is highly regarded by its users, based on the discussions which I've monitored online via a user group. Decent software will also usually feed through into decent financial figures. That is the case here, with a positive trading update for the year ended 31 Dec 2013 issued this morning. Various detail is given, but the key sentence is this; ... for the year ended 31 December 2013 it expects its performance to be in line with market expectations. Turning to valuation, the XXXX graphics show good value, with a modest PER, and a very good dividend yield. Particularly of note are the high scoring green bars in the Quality section, with a strong operating profit margin, and strong return on equity and capital. The downside factors are more short term considerations - that the share is illiquid, and has a rather wide bid/offer spread. I don''t think this share will be a multibagger any time soon, but it does look like a nice quality small business, on a modest valuation. Growth should continue through bolt on acquisitions (it's quite a fragmented space), and smaller competitors are being squeezed through software increasingly moving onto the Cloud. This is expensive to set up, but Dillistone have the resources to do it, whereas smaller rivals may not - thus also providing reasonably priced takeover targets, as well as limiting competition. So this one gets a thumbs up from me at the current price of 105p. As always, that's just my personal opinion, so please form your own view, based on your own research. WH Ireland has issued a positive comment this morning, upping their price target to 130p, which looks sensible to me. So there could be a fairly low risk 20% gain to be had here possibly?''
jakedog2
07/2/2014
09:19
Been on my watchlist for a while now. Bought in after todays postive update.
jakedog2
21/1/2014
12:42
LISTEN: Dillistone Group (DSG) - Launch of Portuguese version of FileFinder Click the link below http://www.brrmedia.co.uk/event/119928/?popup=true
sammy_smith
08/1/2014
15:56
Good update on today's announcement http://www.brrmedia.co.uk/event/119683/jason-starr-group-chief-executive
tentrader
07/1/2014
15:45
Nice rise today!
fargonorthdakota
02/1/2014
14:02
2v1 2000 to 1000.
gazza12
02/1/2014
08:49
A mini sell off after a director sells. Please can somebody let me how level 2 looks this morning.
lennonsalive
22/11/2013
08:05
and again :-)
cheshire man
21/11/2013
15:19
Nice move up :-)
cheshire man
20/11/2013
13:52
What the hell?
gazza12
06/11/2013
20:34
Thanks sammy - these events are certainly good in terms of marketing within the industry as well as demonstrating good communication with existing and potential clients.
valhamos
06/11/2013
11:54
LISTEN at 12.00GMT: Dillistone Group Interview (DSG) - European executive search congress launched Click the link to listen http://www.brrmedia.co.uk/event/118333/jason-starr-group-chief-executive
sammy_smith
25/10/2013
09:18
Only 1 Non Exec director has been selling, apparently to raise some cash - his main job is with FGP(!!!), and there's a statement today that he won't be selling any more. I'm more interested as to why the share price shot up after his sale on Tuesday - he dealt at 100.1, then there was a 10% increase in the share price - as if someone knew he was a seller & was holding back the price so they could place the shares with a friendly mate? I could see 125 before Christmas as a reasonable target, provided there's some decent news flow, & a bit more clarity on dividend intentions for 2013 & 2014
2jamdog
25/10/2013
08:50
directors have been selling for the last 2 weeks ??
algomas
24/10/2013
14:32
Why is the director selling hmmm !!!
jamesjoel
23/10/2013
15:51
Naked trader tip is encouraging. His other recent purchases can be found at ... http://bit.ly/1aFVkBG PS You need to register (for free) to get password
tipsharer
22/10/2013
16:50
Nice rise today!
fargonorthdakota
21/10/2013
00:19
Interestingly, the main thread here http://uk.advfn.com/exchanges/LSE/dillistone-DSG/share-price has a link called "dillistone takeover rumours". There's no content, but is this really a possibility? What sort of price would tempt them?
2jamdog
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