The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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RNS looks good to me - hope the market agrees,
My interest here is the 17% CRS holding which they increased even though the fund is in run down but at this rate we’ll never get it closed!
Just seen roadie I exited this in Jan and may go back in but 60p /65p seems an entry point for now
Trimmed meaning you have sold some?
Trimmed,as I do.
Still heading the right way roadie.
Fared well considering yesterday's results.
Now only if this continues and I can recover my losses!
45% down lol
The 30p was a just "push the buy" button epiphany moment for those that took it.
Agree ref takeover, nobody knows what to do with a banknote printer laden with debt trying to sell a commodity in an over-supplied market with uncertain future volumes. Authentication business should have some value but they seem to have stalled on new growth, with no new contract wins announced they are just milking existing contracts
Even at 80p its 27% down on the 110p equity raise in 2020 which should have been the low point. Shareholder value has been destroyed.
The one positive is it’s risen from 30p and held on to most of it still
What would a takeover really offer for a competitor? Contracts with slim margins? Debt? Not much really. If it was going to happen, it would have taken place a year ago.
This will not be taken over. It's a car crash and has been for ten years when it was changing hands for £10 a share!! Ouch 😩 They'll say that they are 'moving in the right direction', of course they will. BUT there is no needle in the compass!! Uninvestable and to fall back to the low 60's by February 2024 in my opinion. . . . 🤪
Disagree about takeover. £150m market cap plus premium plus debt, say £300m for a predator. Petty cash for the big boys to take out a competitor with a well recognized brand name, albeit somewhat tarnished. Pension fund might be a deterrent though.
De La Rue reported its interim results for the six months ended September 30. The security printed products maker said revenue slipped 1.7% year-on-year to GBP161.5 million from GBP164.3 million. Currency revenue fell 2.6% to GBP113.4 million, offsetting a 5.7% rise in Authentication revenue, which reached GBP48.1 million. It had also seen GBP2.4 million in Identity Solutions revenue in the prior year, with none recognised in the recent period. Its loss before tax widened to GBP16.8 million from GBP15.9 million. It reiterated guidance for GBP100 million in Authentication revenue for the whole financial year, as well as adjusted operating profit in the early GBP20 million range. "De La Rue's robust performance in the first half reflects the important actions that we have taken since 2020 to make the company resilient to changing market conditions. These actions have allowed us to navigate a downturn over the past 18 months, particularly in Currency, and I am pleased that the market is now showing signs of continuing recovery," said CEO Clive Vacher.
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Has fallen back early doors. Longer term I do not know. I am a long term holder, and would be VERY happy to see this eventually consolidate above 80p. A takeover will never happen, as the company has no assets worth appropriating. My worst investment!
There is literally nothing positive here. Currency order book up, so what, it will be down again next year and the cycle will begin all over again. You are right to ask about margin, banknotes are a commodity and any idiot can stuff an order book if you slash the price. Banks have cut the RCF so that doesn't inspire confidence that they are willing to continue funding, or see any positive longer term direction. Authentication is living on existing contracts, where are the new wins that will drive further growth? And all the congratulations on a good set of results? against a breakeven expectation in H1 and £20m for the full year, even the idiots in charge should be able to hit that target, just hope they won't get a bonus on the back of it. What this zombie business needs is change at the top and corporate restructuring.
Andsoforth/Mary what are you guys expecting SP to do? Mary really sorry, if you are young lady.
Andsoforth/Mary what are you guys expecting SP to do?
But no mention of margins. Winning business is fine, but margins maketh the man!
Rock and roll
Currency order book increased over 100% since September 2023 period end, to £219.8m, with very high win rate since beginning of FY24, in a recovering market.
· Multi-year Authentication contract extension secured on improved terms; in latter stages of settling a further significant GRS contract extension.
Not quite adding up but tomorrow will it do a TRN.
Ok.
Had to Google it. lol