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indeed..............again.
Interesting.............again!!!!!!!!!!!!!!
results webinar today - register at - www.dillistonegroup.com/ir.aspx
good results and some free cash flow too
http://www.brrmedia.co.uk/event/119683/jason-starr-group-chief-executive
Director just sold fair old whack of these.
trade....
Fortunately I'm more cash than invested at present and whilst a few tortoises have shown their true colours across the twenty odd shares I own there is currently a fair bit of red, however around a dozen of these are real high risk high return so not too worried as have another decade or so for things to change. The real fun is going to be as I move from cash to invested over the next year or so - do I go sensible with more like DSG, LAM and FWEB where I've reluctantly just received a poor take over value but still made nearly 100% in a year and a bit or load up further and average down on the current reds. Wish I'd been more solvent back in 2008, have a contact who hovered up good accommodation near the parks in your neck of the woods when it was being given away and is now rolling in it.
Good day to Mr. Moljen, Thank you for writing and for discussing some pertinent differences between ASW and DSG. Good luck with your top up. It seems that your order was executed at a very advantageous price. You must be a patient investor, and I admire that quality. I wish I were more patient both when buying and selling. As I type this little response, I do not have all the metrics of the two companies, DSG and ASW, handy, but I do remember a statement which I think DSG issued about itself, to the effect that its dividend yield is the highest among software companies quoted in London. Then, I looked and saw that its stated price-earnings ratio is moderate too. No surprise that these two parameters are (if I may borrow a word from my prior study of mathematics) congruent. To me, the apparent pride of the company in being a solid dividend payer is, as I think I wrote here before, a sign that it is a shareholder-friendly company. Every time that I tried to determine over the last several months whether ASW was attractive in the 85p range, I sensed that it is quite an expensive share on the basis of price-to-sales and profit margin. For now, I am happy to have found my way to DSG. You seem to be a knowledgeable contributor, even though I think I noticed that you have posted about two companies only. I sense that you have numerous other positions that are of the tortoise variety. I am always looking for suggestions and always willing to share. I assure you I am not a ramper. I too have a penchant for tortoises. They usually reach their intended destinations. A company with a tiny market cap, i.e. ~4 million pounds (and which has just started to show a profit), is Croma Security, CSSG. Maybe it will interest you. Lest I be figured out as an interloper here, I like to disclose that I write from across the pond. I am in Florida. So if, for example, you catch me spelling a word like favor without the "u," you will know why. Rob
Taken the opportunity for another little top up - £2.5K at 1.03. Have a lot of faith in this one. Libero / rob229 difference to ASW is ASW buys turnover and ebitda growth whereas DSG is more organic, so less spectacular but more solid foundations which is why DSG is in my less risky portfolio section. It's the old Hare and Tortoise scenarios and I'm a great fan of tortoises :)
Hi Mr Libero I suppose there are differences among all quoted software companies. But I will briefly compare DSG to ASW. I see at ASW a higher price-earnings ratio and a higher number for revenues-to-market-cap. I think ASW is trading at almost 4x trailing twelve-month revenues, while DSG trades at less than 3x the trailing twelve-month revenues. I also follow (and hold some shares) of a small-cap software company in Germany, named RIB Software. The story seems good, but the price-earnings ratio is up there. So the risk-reward ratio at DSG looks good to me. I encourage you to research with care and confer with a broker. I did not verify the above numbers myself. Maybe the world looks at ASW as a safer story. I would not know that. Rob
DSG looks like a very steady grower, with lots of recurring revenue, no debt, AND it pays a dividend! On top of all that it looks like this is quite a quiet board, which I see as a positive. The only things that are making me hesitate at the moment is 1) it's in a sector I know nothing about (yet) 2) it's P/E ratio seems a bit high, but I guess I'd have to compare that to other shares in this sector. Can anyone name any other shares that are comparable to DSG?
Not for quite a while - if you look back through my history you'll find the last time it occurred. I'm in because have good experience of this type of business and sooner or later these boys are going to become a cash cow with their SaaS model.
Have we been tipped anywhere ?
Moving north again I see,,,,,,,,,drop was well overdone here IMV, I alway's put The Naked Traders tips on my watchlist and wait for the fall back before I buy in,,,,,,,,,,very rarely fails,,,,,,,DYOR Thankd for the welcome Moljen
welcome aboard.
Nice move up and my buy this morning looks well timed :-)
Well it didn't quite take six months :) By my reckoning that 27% in just over a month and I've still no intention of selling. Think there is a lot more to come out as there SaaS model really kicks in the cash generation. Bet we some II's RNS's in the near future.
Nice to go ex-divi without a drop, not often the mm's don't use it as an excuse for a little drop. As my history says I do like this little one :)
that this has done well since i sold !! dammit! ha. My patience is poor. but well done all patient holders solid business along with MOGP and PEN
Just scribbled out my gain - currently 38.9% plus divi (bought at 70.396 & again at 82). This time next year I think there will be a 1 in front of that gain!
I think next results will see us sail past there - the way the SaaS model works is you need deep pockets and high renewal rates and then sooner or later you reach a critical mass and basically have a cash printing machine. As I said it'll be next week before I nth degree the numbers but my gut feeling (have the t-shirt from this type of business model) just from scanning the numbers is they're getting close so I'm most definitely looking to add if we get a minor retrace in the intervening period as people lose interest.
Nice to see people now prepared to pay a pound a share, onwards and upwards.
Although just a quick scan at results, I'll look in more depth next week, I'd say your next six months will see another 20% plus dividend. I think we both bought well :)