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Dead carp tend to float into the bank and rot ; -)
expect over the next four month that DLAR will trade higher. This one spikes at times so always worth a trade.
a dead carp will float until a predator gobbles it up.
Any justification for this comment? Next scheduled announcement is the results at the end of May. The limited institutional buying has ceased. The last update cited ANOTHER three year recovery plan. This actually seems likely to drift like a dead carp for the next four months, at least.
fundamentally undervalued and due to take off DYOR
Hi clairesmith
Couple of errors in your argument, I think. The change of monarch does NOT impact note production volumes. Currency is simply taken out of circulation and replaced in the same way, and at the same rate. Also CRS is in rundown, so is unlikely to increase its holding. Also the CRS constitution does NOT allow them to takeover DLAR. They actually want the company broken up, and the printing and security arms sold separately. The latter is where the value is. I must agree this seems cheap, if the turnaround plan ever impacts!
thanks Claire. I remember watching it shoot from 50p towards £2 and thought I would invest in it if it fell back. Now waiting for a pop up.
Traded a bit with 3k- 5k volumes when it dropped a few weeks back and got my average down to 72p. Holding 20k but 10k will go around 85p to give me a sub 60p average to build upon. That is the plan anyhow. Have a great weekend.
yeah, a good level to get in at.
De La Rue has the contract to print money for the BoE extended until 2028, and with Charles now King, they need to replace a lot of notes.
Over 60% of the company is held by major investors, so free-float is smallish.
At this low price, there is potential for Crystal Amber to increase their holding to average down their price, or they could go for a takeover and asset strip the company, worth a lot more than £450m for contracts, patents, and brands.
Is this a good investment at these levels? Took a few at the death. (75.74 10k)
...now holding 4+%.
Thank you for your long and fluent response. However you seem to have no real knowledge or understanding of CRS or DLAR. Thanks again though.
Crystal Amber is an Investment Trust and would have no interest in launching a bid for DLAR. It's a pity that DLAR did not see fit to publish Crystal Amber's open letter; it was a pretty damning indictment of Loosemoore's reign.
Denied any board representation, and Loosemore being both unwilling to accept that his turnaround strategy has (thus far) failed and consider alternative proposals (Crystal Amber wants DLAR to stop just slashing operating costs, cut head office costs and start looking to grow the top line), I wouldn't be too surprised to see Crystal Amber now selling up, given that they have lost faith in Loosemore's strategy and continuing excuses.
Don't forget that Crystal Amber has been (very) supportive of DLAR since first becoming a shareholder in April 2018 and stumped up an additional £18m as part of the July 2020 fundraise. Crystal Amber even added to their shareholding after this year's first profit warning (unlike Loosemoore who considered he was already too invested). Crystal Amber have just run out of patience (like a lot of other DLAR shareholders) with the ongoing value destruction with no seeming light at the end of the tunnel. In January this year Loosemore told Crystal Amber that he didn't see any fix to DLAR's problems until 2028/30!
Not currently a holder. Might look in again in 5/6 years time to see if there is any change
...closes with "Crystal Amber believes that considerable strategic value remains at De La Rue and that in order to protect and maximise shareholder value, it must seek to participate in industry consolidation without delay." ie they need to be taken over OR launch a takeover bid themselves. That would necessitate a rights issue.
it is a weighted order if there is not the nms 7500 available.. can be frustrating... and looks like a swoop by the mms at the end of the day to pick up loose shares. Dropped to 71.4 on the bid
MM have us all screwed the a 5p spread...
Aldsworth, what's your opinion on today? What's the word on the street ref CEO
...tomorrow 1400. Only motion is to replace CEO.
read well. I am in for a blast. Maybe a takeover will juice this up. Long live the King and may he give DLAR hefty contacts for printing the new notes.
What are the true value of your investments in this company given the dilution over the last two years.
I smell something about this company's accounts, have thought for ages the share price action was a tad suspect too.
A small cap nowadays
Down 21% on today's RNS . Price 79p
In hindsight a mistake buying what looks like a rights issue 7/7/2020 @ 110p .
Two months before around 21/5/20 they had crashed to 40p .
They recovered back to 200p by April 2021.
Bigger mistake buying back in March 2019 @ 388p and May 2019 @ 310p. ( had the chance to make on the rights that came a year after )
Numis cuts De La Rue to 'add' from 'buy' - target to 110 from 130.
Agreed. Warning was in the response to CRS motion, which gave 2028 as the return to profit date.
Debt getting nasty plus market down, not a good place to start a recession...I'm out.