Share Name Share Symbol Market Type Share ISIN Share Description
De La Rue Plc LSE:DLAR London Ordinary Share GB00B3DGH821 ORD 44 152/175P
  Price Change % Change Share Price Shares Traded Last Trade
  6.80 4.72% 151.00 1,482,258 16:35:14
Bid Price Offer Price High Price Low Price Open Price
150.40 151.80 152.20 143.80 144.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 466.80 36.10 32.80 4.6 294
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:05 O 742 150.995 GBX

De La Rue (DLAR) Latest News (1)

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De La Rue (DLAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-07 16:27:02151.007421,120.38O
2020-08-07 16:15:41151.011,0531,590.11O
2020-08-07 16:09:22151.005,0007,550.00O
2020-08-07 16:06:30147.462,6923,969.71O
2020-08-07 16:05:09151.39325492.03O
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De La Rue (DLAR) Top Chat Posts

De La Rue Daily Update: De La Rue Plc is listed in the Support Services sector of the London Stock Exchange with ticker DLAR. The last closing price for De La Rue was 144.20p.
De La Rue Plc has a 4 week average price of 119p and a 12 week average price of 40.30p.
The 1 year high share price is 235.50p while the 1 year low share price is currently 40.30p.
There are currently 194,956,241 shares in issue and the average daily traded volume is 1,054,160 shares. The market capitalisation of De La Rue Plc is £294,383,923.91.
hamhamham1: I still don't get the travel and leisure companies share price rises? A lot of them still got low or near zero turnover. And for how long, who knows? I am avoiding a lot of those until better news.
hamhamham1: Yep, good point, the shorts will all use this chance to buy shares to exit their positions. So will be a lot of movements today. A short holder isn't going to keep that position open, on a more stable company, that's not their bag. Its dead money or losing money for them. Ironically, the shorts could push the share price up if they run for the exit together.
imastu pidgitaswell: Ouch what? owenski - desperate stuff. Pretty much as expected - better in fact. The placement and equity raise was always going to happen - always. They needed to as part of the bank facilities extension, but also why would he not, as a new CEO with the opportunity - take advantage of the sudden share price leap. Sneeked in another 10p per share, probably yesterday, on the equity raise to reduce the dilution. Fully underwritten - all the guff about material uncertainty is just a technical requirement, as if the equity raise does not proceed - it would require shareholders to vote it down and shaft themselves. It's a done deal. Note also the pension surplus - it will have moved since, but not that much given the recovery since March in markets - so again, just no longer an issue. Some money to be made on the rights issue stuff - buying at 110, selling at whatever. I doubt it will get near 110 before the raise. IT does rescue the shorts somewhat though - instead of looking at 200 or even 300 to close, they will probably get away with 150-odd, after the placement. For some of the positions anyway. The trading statement at the start of June was a bit of a masterstroke - trebled the share price, even nearly quadrupled it before the raise. Brilliant stuff.
hamhamham1: True. But I guess they made the most of recent share price increases. But now their profit levels compared to their market capital and debt make them attractive, investors bought the shares and banks willing to underwrite the price. So to me thats tge base level that the investors expect, then they want a return on top.
dearg doom: The volume of shares sold is 8 million, so anyone third party short could have covered. The reality is that there is a decent chance of a return to a considerably higher share price from here over the next 24 months. I will be eager to pick up my stake again if the shares retreat on market sell-off.
escapetohome: Hopefully they will drive the share price higher, prior to the rights issue , to reflect the real value of this company. They do manage to do that sometimes , a bit of positive news works wonders. Rights issue at low price , potentially means it will be gobbled up at a steal price. Not pleasing.
she-ra: micha14 - "This date has been agreed in consultation with the Company's auditors, Ernst & Young LLP. Further details on the Company's Turnaround Plan, including an update on financing options, will be communicated with the full year results." You say - "Minor point hardly worth the company loosing 2/3rds of market cap. How much business can they even do in South Sudan which is one of the most lawless countries inthe world? Non issue." When the Serious Fraud Office is involved it's never a minor issue. "To my mind, share price has slided because of the Virus scare." So I take it you haven't looked at the 2 year chart? The fact is De La Rue is on the wrong side of structural change.
farrugia: great points micha a couple more: Worst Case Scenarios: Let's assume the company needs a capital injection. That would come and the share price would likely recover. Secondly, if a struggling retailer like BWNG has been able to tap a GBP50 million 3-year Term Loan facility, under the Government's Coronavirus Large Business Interruption Loan Scheme - why can't DLAR do likewise!!? This Loan Scheme has now been increased to a max of 200 million I believe.
farrugia: you haven't looked at the latest trading update imastu hTtps:// The Board expects De La Rue adjusted operating profit for financial year (FY) 2019/20 to be between £20m and £25m, as previously guided. The Group has operated within its banking covenants for FY 2019/20, including the net debt/EBITDA covenant of ≤3.0 times and expects net debt/EBITDA at the financial year end to be between 2.0 and 2.4 times, a reduction on the 2.72 times ratio at half year 2019/20. Net debt at the end of FY 2019/20 is expected to be approximately £105m and includes full payment of the annual pension contribution, down from £170.7m at half year 2019/20. This allows the Company to maintain a good level of liquidity headroom under its £275m revolving credit facility, which expires in December 2021. The Group is progressing with its Turnaround Plan announced on 25 February 2020. Worst Case Scenarios: Let's assume the company needs a capital injection. That would come and the share price would likely recover strongly. Secondly, if a struggling retailer like BWNG has been able to tap a GBP50 million 3-year Term Loan facility, under the Government's Coronavirus Large Business Interruption Loan Scheme - why can't DLAR do likewise!!?
galaxy enforcer: It is pleasing to see that others are also recognising the current value with the DLAR share price. An article posted earlier in this thread is quite an eye opener; In the year to March 2019, De La Rue made revenues of £516.6million. Of this, £39.3million came from the product authentication business. That unit also contributed £5.7million of profit to De Le Rue’s £60million total – though analysts expect product authentication’;s profits to increase to between £18.7million and £20.7million in this current financial year. That could mean the product authentication business is worth up to £200million, on one analyst’s reckoning. But De La Rue’s troubles are weighing down its shares so much that currently the whole company is valued at just over £160million. Now with the recent sale of one of the business units we would expect the debt level to have been reduced to a more manageable level. Will DLAR be one of the star performers in 2020? From this level it is quite possible.
De La Rue share price data is direct from the London Stock Exchange
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