Direct Line Insurance Share Discussion Threads

[zinco] 20/6/2005 12:57

600k at only 18p eh?...what's that about?.....;-(

[rivaldo] 20/6/2005 11:56

Today's RNS was previewed in the Times today. The deal itself is not particularly material, but I'm surprised there's not been more reaction nevertheless as it's such a great deal:


"Deal of the day

Delling Group, the marketing support services group, has acquired Full Bredde, a Norwegian distributor of printed marketing material, for £300,000. The acquisition, for about three times annual pre-tax profits, comes a week after Delling announced a joint venture with Lucent Technologies to provide mobile marketing services to advertisers in America and Europe."

[james t kirk] 20/6/2005 11:50

Well done Glasshalfull. Been thinking of adding again, but don't like the fact you can buy so cheap, although it's 50k max, down from 250k a few weeks ago.

For a long term hold, looks a safe bet.

[glasshalfull] 20/6/2005 09:28

Thanks JTK

In for some more.


Regards

Glasshalfull

[james t kirk] 20/6/2005 08:50

You can still buy for 22.18p this morning - seems excellent value.

[rivaldo] 20/6/2005 07:36

How on earth do they manage to collect up these bargains?! The business vendors must have seen a pretty persuasive business plan going forward...

Well done DLG - the pace is unrelenting.

[pomp circumstance] 20/6/2005 07:33

Dont forget theyve already managed to persuade one seller of an acquisition to accept shares at 30p!

Although i did warn at the time that the seller might have accepted them at 30p because he was getting double the price for his company than what he thought he would get!!!


Delling Group ("Delling Group" or "the Company"), the marketing support services
group, announces that it has exchanged contracts to acquire two businesses in
Norway, Unikum Professional Imaging and Andre Worldwide Visual Communications,
for a total consideration of #100,000, or approximately one times pre-tax
profit. The acquisitions, which are due to complete on the 1 May 2005, will be
satisfied by either a cash payment of #50,000 or the assumption of #50,000 of
debt by the Company and the remainder of the consideration will be satisfied by
the issue of 139,586 new ordinary shares in the Company at a price of 30p per
share.

[zinco] 20/6/2005 07:28

But are we now seeing the reason for this?..."75,000 in shares based on the market price on 1 JULY 2005".....ROLL ON JULY.....;-))))

[pomp circumstance] 20/6/2005 07:01

And on we go!!!


RNS Number:7455N
Delling Group PLC
20 June 2005


For Release 7:00am 20 June 2005

Delling Group Plc

Overseas Acquisition

Delling Group ("Delling Group" or "the Company"), the marketing support services
group, announces that it has exchanged contracts to acquire Full Bredde AS, a
Norwegian based subcontractor for delivering printed marketing material, for a
total consideration of #300,000, or approximately three times pre-tax profit.

The acquisition, due to complete on 1 August 2005, will be paid in three
installments: #75,000 in shares based on the market price on 1 July 2005,
#150,000 in cash on 1 August 2005, and the remaining #75,000, to be paid in cash
on 1 August 2006 subject to certain conditions regarding sales performance.

Full Bredde AS, a privately-owned business established in 2002, is a significant
subcontractor in the production of in-store advertising material to consumer
production companies and retail chains in Norway. It has a strong customer base
and extensive contacts with marketing departments. For the year ended 31
December 2004 Full Bredde AS had a turnover of approximately #1.1m, a pre-tax
profit of approximately #110,000 and net assets were #23,000 at 31 December
2004.

The acquired business has a strong customer base. Its assets and key employees
will be fully integrated into Delling Group's current businesses in Norway to
exploit customer demand for a "one shop" supplier in the marketing support
industry.

Commenting on the acquisition, Geir Lolleng, Chief Operating Officer, Delling
Group, said: "This acquisition is in line with our strategy of growing
organically and through niche acquisitions in ancillary market sections and it
represents an excellent addition to our business in Norway. The acquisition adds
further revenues, a strong customer base and competence in the procurement of
production services and logistics. The deal has been structured to optimise
shareholder value and avoid unnecessary dilution for current shareholders."

ENDS

[pomp circumstance] 16/6/2005 10:21

i think it will take a couple of days to push thru. Its CFD, SPreadbet sortout day.

Im still very positive about Delling, having spoken to the guys I think we will see plenty of more news coming out soon rather than later!!

[zinco] 15/6/2005 17:35

Another couple of nice buys late on,AGAIN.....75K@23.75P X 2....NICE...;-)))

[james t kirk] 15/6/2005 10:45

Yes, surely we'll go for a 6th rise today, with the strength of buying.

[zinco] 15/6/2005 10:07

With a few more trades like this 93,410@25p any overhang we may have will soon be gone IMHO.....;-)))

[pomp circumstance] 14/6/2005 18:56

On the subject of raising funds, Ive been told the company are very aware of the concerns of investors about dilution, especially as they hold 30% of the co between them. They are more likely you raise some debt if they really need some cash to pay part of the price. Having managed to make one acquisition with part of the payment shares valued at 30p, I can say I have any fears about them doing good deals!

[james t kirk] 14/6/2005 17:26

Nice and steady five blue days in a row...

Gainers for 5 days

EPIC Name Price Today Price Then Change Change %
DLG DELLING GRP 23.75 20 +3.75 18.75%
RNSM RANSOM(WILLIAM) 53 45 +8 17.78%

[pomp circumstance] 14/6/2005 09:49

Very pleased to see us move up easily to 24p. i have everyfaith in the management to deliver and am waiting on a call with more news of what to expect in the near future. As Ive said before, they are a very very well ocnnected board and I am led to believe that they will making very good use of these contacts to bring a steady flow of business (Some ground breaking in media technology) to us!

[zinco] 14/6/2005 09:22

You can now sell 100k online but buy only 25k.......if,and i did say IF we get past 24/25p we could see 30p very quickly.......here's hoping...;-))

PS....let'snot forget this bit....

"The company said it has a number of possible acquisitions in the pipeline
that could result in deals in the next few months on takeover targets with
turnover of 300,000 stg up to 3 mln."

[james t kirk] 14/6/2005 09:09

Interesting rivaldo, news flow has been steady, so why not expect more news. Looking very good still and Shares Mag may cover on Thursday..

[rivaldo] 14/6/2005 09:00

Intriguing snippet in today's Daily Express market round-up. It says "Expect good news" from Delling, who yesterday...blah blah...Lucent etc. Is there more news to come?

[rivaldo] 13/6/2005 19:07

Thx to karlmarsh for keeping the header nicely updated by the way.

This is from the daily market report by UK-Analyst:

"Marketing support services group Delling Group* saw buyers move to push its shares 2.25p higher to 23.5p today after the company announced a high-profile joint venture agreement. The deal is with US tech giant Lucent Technologies and is for the provision of iTag next-generation mobile marketing services for advertisers in Europe and the US. Terms of the deal were not disclosed, though chief executive Geir Lolleng said that the agreement had the potential to be a "serious income generator" for Delling Group. Meanwhile, broker Seymour Pierce reiterated its "buy" stance on the stock pointing out that the stock still trades on a calendar 2006 PE of less than 10."

[zinco] 13/6/2005 14:20

One buy,one sell IMHO....STILL A VERY GOOD DAY,slow,slow catch the monkey.........;-)))

[james t kirk] 13/6/2005 14:14

Looking very good today, two 100k buys gone through (presuming that MM's wouldn't let anyone sell at 23.25p).

With the potential revenue of £10.5m and profit of £1.5m, looking more and more likely to be exceeded this year, the forward p/e is very low and this climb should continue well past 30p IMO.

You could buy 350k last week, it's down to 37.5k currently.

[rivaldo] 13/6/2005 08:42

A great RNS. DLG now have Lucent and Ericsson tied in to iTag - and the RNS says Lucent "will" offer the service, no doubt about it.

It looks like the market is now waking up to the potential here.

[james t kirk] 13/6/2005 07:51

Early indications looking good for a very blue day..