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Datong Share Chat (DTE)



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Wardour
Posts: 6
Opinion:No Opinion
Price:48.00
Offer does not look good
14 May '13
The offer recommended by the board seems to under value the company well below the latest set of accounts and essentially discounts the inventory and intangible assets within the books, if they want to sell perhaps they would do better stripping the company and returning the funds to the shareholders. This is one offer I will be not voting to accept unless the directors give a clear explanation as to why the offer should be accepted.
 
Wardour
Posts: 6
Opinion:No Opinion
Price:48.50
such small volumes
8 Mar '13
Over the past week there has been so little volume on this share the price ha not moved, but if the company has a number of bidders i am still of the opinion that this share has the potential to increase by a minimum of 40% once the negotiations are completed and results announced.
Wardour
Posts: 6
Opinion:Strong Buy
Price:48.50
still a very interesting share
28 Feb '13
Another RNS today confirming that the order book is healthy despite the uncertainty around the US Government financing issues. The Market Cap is still 50% below the NAV of this business so these shares still have some legs to go. But very low trading volumes this week, suspect investors are holding onto their shares. DYOR
Wardour
Posts: 6
Opinion:No Opinion
Price:48.50
another fund buying into this stock
26 Feb '13
FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:
Cavendish Asset Management Ltd ("CAM")
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
CAM Discretionary Clients
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
Datong Plc
(sedol B0JF2H6)
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
n/a
(e) Date position held/dealing undertaken:
26-02-2013
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?
YES/NO
If YES, specify which:

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
410,000
2.96
-
-
(2) Derivatives (other than options):
-
-
-
-
(3) Options and agreements to purchase/sell:
-
-
-
-

TOTAL:
410,000
2.96
-
-
Wardour
Posts: 6
Opinion:Strong Buy
Price:50.00
rns
25 Feb '13
FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:
Canaccord Genuity Limited

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
Datong Plc
(c) Name of the party to the offer with which exempt principal trader is connected:
Connected party to the Offeree

(d) Date dealing undertaken:
22 February 2013
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?
NO

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security
Purchases/ sales

Total number of securities
Highest price per unit paid/received
Lowest price per unit paid/received

ORD 0.5p

Purchases

Sales

19,500

5,100

50.5p

50p

48p

41p

(b) Derivatives transactions (other than options)
PSI007
Posts: 1
Opinion:No Opinion
Price:48.50
Rns
23 Feb '13
The market cap is well below the nav of this company so i believe there will be at least anther 40% increase in this price before any final announcement on the sale is completed
jange
Posts: 27,635
Opinion:No Opinion
Price:48.50
DTE
22 Feb '13
Intelligence solutions provider Datong has decided that it would be in the best interests of the company's shareholders to seek potential offers by means of a formal sale process.

The company, which has its headquarters in Leeds and partners around the world, reported that it had been approached by a potential buyer.

Datong said that it would conduct a formal sale process through its adviser, Cavendish Corporate Finance.

The company said that interested parties would be required to enter into a non-disclosure agreement with the company, on reasonable terms satisfactory to the board, before being permitted to participate in the process.
riddler
Posts: 81,776
Premium Chat Member
Opinion:No Opinion
Price:49.00
sale
22 Feb '13
RNS Number : 4389Y

Datong PLC

22 February 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION.

COMMENCEMENT OF FORMAL SALE PROCESS

Following an approach by a potential offeror, the Board of Datong plc ("Company") has decided that it would be in the best interests of the Company's shareholders to seek potential offerors by means of a formal sale process. In accordance with Note 2 to Rule 2.6 of the City Code on Takeovers and Mergers ("Takeover Code"), the Board of Datong plc therefore announces that it is conducting a formal sale process.
tqhussain
Posts: 1,429
Opinion:No Opinion
Price:35.00
contract
19 Dec '12
way more than the market cap
tqhussain
Posts: 1,429
Opinion:No Opinion
Price:35.00
rns
19 Dec '12
Press Release
19 December 2012

DATONG PLC

("DATONG" or "the Company")

Major Contract Win

DATONG PLC (DTE.L), a leading provider of covert intelligence gathering solutions, today announces that, as referred to in the Final Results announcement on 4 December 2012, the Group has been awarded a major UK contract to develop and supply an innovative system.

The contract encompasses the development and manufacture of a range of new products and software followed by an extensive system integration, test and trials phase. DATONG is responsible for the overall system design including the integration of key subsystems from other leading UK suppliers. The solution also includes an enhanced version of a DATONG product which has generated significant UK and export interest since its recent launch.

The contract is worth £7.5 million to the Group over the next two years.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
The broker thinks the shares are "deeply undervalued", but then, it is the house broker. However, the market seemed to agree with the shares surging by more than a third on the day of the results.

The company has not declared an interim dividend.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
Cook said he could not say much more at the moment but all would be revealed in due course. In the meantime, watch this space.

House broker Canaccord Genuity said the figures were in line with forecasts and the company "appears on track to meet full year earnings expectations".

The broker is forecasting full year revenues of £12.8m, £9.4m of which is already visible in the order book.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
Only about 5% of revenue is currently of a recurring nature. "We are basically a widget supplier. We get an order, we produce it and we move on," Ayres said. Make that a "highly complex, technological widget maker" ...

One of the ways it might address the issue is by expanding its customer base beyond government agencies.

This is not to say it will be selling its high-end powerful "widgets" to terrorist organisations and suchlike; what the company has in mind is moving into "adjacent markets" where its technology could prove desirable to non-defence based clientele.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
Looking ahead, the company is looking to expand its footprint in the USA. It already has an office in Chantilly, Washington DC, where Washington Dulles international airport is based, and plans to open another one near the Mexican border - "the US side," quipped Group Sales Director John Kirtland - soon, which will have a sales facility and maybe some technical support people.

The company's position in the Middle East is also improving, but Cook said that relationships with customers in this region had "a long gestation period" which he ascribed to cultural differences.

Further down the line, the group would like to address the issue of its somewhat "lumpy" revenue stream.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
Furthermore, order intake in April and May really picked up, with the company booking £3.1m versus £1.23m in the corresponding two month period of last year.

The group launched a number of new products last summer, and 35% of the group's revenue in the April-May period was from these products, which the management took as a good sign of the shape of things to come.

"We are pretty confident of the full year outcome," Chief Executive Officer Mark Cook revealed to Sharecast.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
Revenue in the six months to March 31st tumbled to £3.84m from £6.33m at the interim stage the year before, while the group returned a pre-tax loss of £0.14m, versus an operating profit of £0.76m the year before.

Earnings per share slumped to 1.18p from 5.03p the year before.

That's the bad news. The good news is that the confirmed order book at the end of March was £2.36m, up from £1.07m a year earlier.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
If Datong is right, the end-year picture should be a lot sharper. "It just so happens that, in this particular year, in every region in which we operate, the results will be second-half weighted," Ayres said, citing US budgetary delays as one reason why the first half appeared to be a step back for the company.

One large order for around £900k has been delayed because of operational difficulties experienced by the customer, but will go through in the second half, the company said.
jange
Posts: 27,635
Opinion:No Opinion
Price:28.00
dte
29 May '12
First half numbers were down at covert intelligence company Datong but the company is set to deliver in the second half.

"The financials are down but that is not a reflection of the business," Finance Director Stephen Ayres told Sharecast.

"Our revenue stream is a bit lumpy, and on any given year it depends on when you take the snapshot as to how good the picture is," Ayres added.
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:26.00
DTE
25 Jan '12
Paul Lever, Non-executive Chairman of DATONG commented: "We are delighted with the outcome of the judgment of the Court of Appeal today. There are no restrictions on DATONG's ability to sell any of these Third Party products into our chosen markets and the judgment removes any lingering doubt that may have existed. The Company looks forward to continued success from this area of the business."
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:26.00
DTE
25 Jan '12
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:19.50
DTE
6 Dec '11
ommenting on the results, Brian Smith, Chief Executive Officer, said:

"Good progress continues to be made in DATONG's Own Products business with strong customer interest in new products and significant sales being made. However, Third Party product sales volatility has had a short term adverse impact. The current world economic climate and its affect on our customers' budgetary policies is impacting DATONG with the timing of orders not following usual trends.

"Nevertheless, DATONG is well positioned in the intelligence gathering sector with a good sales pipeline and consequently the Board remains confident that the Group's strategy will continue to drive the business forward."
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:19.50
DTE
6 Dec '11
Final Results

DATONG PLC (DTE.L), a leading provider of covert intelligence gathering solutions, today announces its final results for the 12 month period to 30 September 2011.

Highlights

·
Revenue of £11.75 million (2010: £14.06 million)
·
Operating profit before exceptional items of £0.05 million (2010: £0.80 million)
·
Earnings per share of 1.03p (2010: adjusted earnings per share of 6.38p)
·
Net cash of £1.27 million (2010: £2.58 million) and no debt on the balance sheet
·
Growth in Own Products revenues of 26% on the back of a strong US performance
·
Significant orders received for new products
·
New joint venture formed focusing on developing and commercialising interoperable capability across a number of industry players
·
Agreement formed introducing software analytical capability to the product portfolio
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:19.50
DTE
6 Dec '11
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:18.50
DTE
6 Oct '11
However once they have their new CEO watch this rebound.
mulledwine
Posts: 35,667
Opinion:No Opinion
Price:18.50
DTE
6 Oct '11
Trading Update

DATONG PLC (DTE.L), a leading provider of covert intelligence gathering solutions, today announces the following trading update for the financial year ended 30 September 2011.

The Group has continued to perform in line with the trading update of 3 August 2011. The Group's Own Products business has performed well during the year, particularly in the core USA market and has also delivered a strong performance in certain Rest of World markets, which together are expected to result in a revenue growth for Own Products of around 23% compared to 2010.

However, as noted in the August 2011 trading update, the Group's Third Party Product business is expected to show a significant reduction on last year across all territories, as a number of customers were fulfilled by projects last year and consequently have not placed orders this year.

As a result of these factors, management expects full year revenues to be circa £11.7 million compared to £14.1 million last year and the Group to report a small loss for the year. As at 30 September 2011, the Group had net cash of approximately £1.3 million.



The Group is pleased to report that good progress is being made on the appointment of a new Chief Executive Officer and a further announcement is expected later this month.

With DATONG's positioning in the international intelligence gathering market and continuing investments in new product development and routes to market, the Board is confident of future profitable growth.
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