Dyson Share Discussion Threads

[napoleon 14th] 20/5/2008 21:51

So, garth, you're still waving two of them at the market, LOL!

I'm considering doing the same, also in small proportions.....
____________

IMHO they could easily bounce if no skeletons leap out of the cupboard.
Skeletons could be a very weak US market for Saffil, &
or the final abandonment of Carolite as a no go proposition.

[clangor2] 20/5/2008 18:01

"Either it is too high because there is something nasty that we do not yet know about or it is too low because there is no abyss around the corner."

Anything nasty should have been reported to the market as soon as it was known by the board. Hopefully, therefore, it can only be the second option ......

[churchtower] 20/5/2008 16:51

sharw - 26th of June is a confirmed date. Regards CH.

[garth] 20/5/2008 15:57

The shares are currently on a pe of 6 based on consensus forecasts of 14p this year. They offer around a 5% yield at these levels. Even if they only made 10p eps it would be a pe of 8......

Any half decent statement in June and we should see a swift 50% upswing IMO. And that is why I keep adding a small amounts.

G.

[sharw] 20/5/2008 15:41

The current price is, indeed, stupid. Either it is too high because there is something nasty that we do not yet know about or it is too low because there is no abyss around the corner. The problem is that we do not know which of these two it is. Hence we are in a period when a price drop triggers another stop-loss sale triggers another fall etc.

churchtower - is the 26th a firm date or are you simply assuming that the tradition of the 4th Thursday in June will prevail?

[garth] 20/5/2008 15:41

Like I said, last time I checked I only had 3 fingers left.....

[napoleon 14th] 20/5/2008 14:45

If that profit forecast is right, this is getting to ever more stupid prices.

It's a falling knife ATM, so when does one take the chance of catching it?

[garth] 20/5/2008 07:36

Thanks for sharing that CH :0)

[churchtower] 19/5/2008 12:43

Recent BUY recommendation by the Institutional Broking Division of Speirs and Jeffrey. It is encouraging to note that Axa, Framlington, Blackrock, Aviva and Standard Life are all sitting tight on their holdings despite the very disappointing performance of late. I am greatly impressed by the new Chief Executive and the team he now has in place. A favourable review due on 26th June is absolutely vital if confidence is to be restored.

[napoleon 14th] 17/5/2008 23:24

Seriously undervalued & over sold, or what?

[varies] 12/5/2008 11:59

One effect of the falling share price is to make the gearing look worse.
Net liabilities at 30 Sept 2007 (total liabs less current assets) came to c £24 million whereas today's market cap is only about £29 million. These liabilities did not bother me when the shares stood at 400p !
Every time I feel tempted to buy a few more shares, I look at the balance sheet and get cold feet.
The promised review will obviously have to confront this issue.
A very favourable development would be a sale of 50% of Carolite for 50% of the money invested so far in it but I fear this may be hoping for too much.
Even so, I suspect that a brave man buying today would do very well over 6 months.

[garth] 12/5/2008 08:00

For my part, I reckon I've got about 3 fingers left...... ;0)

[clangor2] 08/5/2008 08:58

The company's pre-close trading statement on 28 March seems to have counted for nothing and has been long forgotten in the light of the continued off-loading (presumably) by Newton.

I've dabbled for a fair-few years but have never before been involved in an investment where AT trades appear to have such a disproportionate effect on the share price Has anyone come across this phenomenon before and, if so, could they be kind enough to give one mystified investor a plausible explanation ?

Please !

[sharw] 17/4/2008 13:14

Looks like Newton still selling is the main reason keeping the price down. Actually, the interesting thing is that it hasn't pushed the price down further so there must be buyers around now.

[banshee] 13/4/2008 17:54

I don't follow Dyson but there is always something revolutionary on the horizon in IT Hardware, since this latest one is 7 or 8 years from commercial production (with a following wind) I wouldn't worry about it.

[jgriff36] 13/4/2008 15:49

revolutionary step chande in digital memory handling announced by IBM, will this include Carolite or stuff it?

[clangor2] 11/4/2008 19:08

Small wonder that our CEO has been so reluctant to 'splash his cash' on a few cheap shares, he had good reason not to. Why should he when, no doubt being aware of the options package waiting in the wings, he can now buy 380k at £1.042 - couldn't he have 'coaxed' the price down even lower ? - in three years time without chancing a penny of his own money in the meantime. Quelle surprise !

What's that saying about feathering one's own nest ? Sickening .....

[sharw] 10/4/2008 18:31

Quite bizarre - all AT trades bar one are for 2500 before 10 31 and 5000 after and all of those except two were at 100p.

Explanations on the back of a postcard please.

[clangor2] 10/4/2008 17:18

A confused day's trading, if ever I saw one .....

[napoleon 14th] 05/4/2008 09:14

I'm expecting dollar strength soon, which will help this one & many others...

[hectorp] 04/4/2008 19:27

We are in a dismal position.
I'm going to hold for several more months to see how things progress only as I have averaged down to 110-120 range.

[varies] 01/4/2008 23:15

sharw
Many thanks for your shrewd observations.
Short of good news on Carolite (which few of us expect) there seems little reason to buy DYS shares for the moment but I still feel that the shares are underpriced.
It does look as if there may be plenty of shares available !

[sharw] 01/4/2008 13:32

I suspect the shares are held in their UK Opportunities fund. This is an open-ended fund which means that if there are net withdrawals then they have to sell some proportion of their holdings, like it or not. Although I don't have any recent figures, I know that the Unit trust/OEIC industry had net withdrawals in November, and given the state of the market I suspect that has continued. In this particular case it is evidenced by the following:

A core holding of Newton UK Opps. is Smiths. On 12/3 they announced that they had sold 483k shares (£4.7m).

Another core holding is ICAP. On 20/3 they sold 5,870,718 shares (over £32m).

Hence I don't think the sale of DYS is company specific. Rather I think it is a comment on what is happening to mutual funds. The problem with DYS is that it has an effect which is out of proportion because there is less liquidity.

On the subject of liquidity, I have just checked: maximum size to sell online 1,000 buy 7,500.