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Another 2,000 @ 82p
On wed I may transfer funds into here depending on SP, charts do look good and growth from recent results prove it's not a dead fish!! Possibly the start of great growth! I will hopefully get a good entry before the crowds come!! I made a TERRIBLE short term trade Friday, I was looking at CUP at 49p but decided to go for PLR instead! Woke up to 30% down ha ha!! Need to claw back my losses and hopefully pump them in here before results! If only I stuck with CUP!! C'est la vie!!
Just year into taking charge of own SIPP and running own portfolio - haven't come across mos but have around 15 other stocks with holdings from £1.5K to £10K (well Vog would be about double if my average was better than 3.2!). Fortunate enough to have Scancell in it from 30p but best returns have been the nice mid caps - LAM, IRV and FWEB, aside from Vog my main long shots are NYO, CHAR, WAS and CEY. Only utter ballsup so far (only because Vog must get it right (eventually!!!) ) is NVTA and I still can't quite my head round that, it surely must have been harder to *******s up the opportunity than succeed but somehow they seem to have managed. Nice to say hello.
Now I'm just doubling up in the morning before the rest of the herd arrives!
Hurray, another fan - I run a similar size software co (bit smaller but not by much) with same SaaS'y type model as DSG. Big smile with how my place is going and these lot have the same sort of operating / financial structure so I'm expecting top end results to be announced in April. I reckon 2 to 3 years and they will be acquired at a substantial premium to today (as they go through the next turnover / valluation step up) in this period and in the interim there is a cracking dividend yield. Think you could say a good buy and hold for the SIPP!
doing a company scan for new companies and stumbled onto this one... i got to say... im impressed!! the charts are looking good here and going by recent results i think the year results are going to be excellent. and with limited shares this is likely to shoot. and still well under the radar!! i think i need to do a little bit of research on this gem!!!
L2 looking good mate. MM's 4 v 4 @ 80p v 85p 83p just paid.. gl
RNS is YE trading update with results due April - comments in RNS are PBT will "be comfortably in line with market expectations." and on dividend "The Group increased its 2012 interim dividend and intends to continue to follow a progressive dividend policy." Nice and simple and straightforward, just what I like.
Hi Mulled, hope you bought in back in Sept - good RNS today re successful software implementation for RSA. Be interesting to see the next interims as a good set will put this into the £1.25 to £1.50 target range for 2013 which will do quite nciely.
to fund an acquisition at full market price. I think i'll take that as a good sign for the medium term, roll on the £1 plus during 2013 please.
Can anybody help to identify what the 10:56 transactions are - buys or sells? Way out of kilter with normal volumes so if a sell would have expected lower price. Hopefully a stakebuilder :)
BUY RECRUITMENT MARKET software designer Dillistone (DSG:AIM) ahead of likely earnings upgrades following a trading update towards the end of January. The company has experienced strong second half trading thanks to new product launches. The London-based £13 million cap also off ers an attractive 5% dividend yield to boot. Dillistone supplies enterprise resource planning software specifi c to the recruitment industry. Filefi nder serves the headhunter market while its new Voyager Infi nity module sells into the short-term staff placement space. Growth opportunities exist globally in this fragmented market but especially outside the UK, where Dillistone earned less than half its interim £3.6 million of sales. About two-thirds of that income is of a recurring nature, providing valuable visibility. Dillistone earnings are likely to be largely fl at this year due to new shares issued to pay for the £3.8 million acquisition of Voyager parent Woodcote Software (21 Sep ‘11). But analysts at WH Ireland expect earnings per share growth of 16% in 2013. With twice-covered dividends of 3.6p predicted, investors can pick up the stock on a lowly price/earnings multiple of just 10. But forecasts could yet be raised at the time of the trading update early in the New Year, Shares says: SPECULATIVE BUY at 72p ahead of potential rerating to 90p on earnings upgrades.
about time this began to get off its arse and move upwards to where it should be so hopefully now its reached the pages of one of the mags it may get looked at closer and respond accordingly. Did eventually read those interims and banked the dividend and see no reason why both shouldn't keep increasing in time until somebody takes them out and gives me a nice little terminal bonus. looking pretty safe and reliable for the medium term with added bonus that tehy'll fit nicely into a larger organistion.
Down as a buy with 90 rerating potential on results release.
moljen - good afternoon - hope all is well - rather a muted SP response today although that may be tainted by the overall Market sentiment today ie red everywhere
Valuation: Strong cash flows underpin the growth strategy We have eased our development cost amortisation, which gives a small boost to FY11 and FY12 earnings. The shares trade on 8.2x our cash-adjusted FY12 earnings, falling to 7.1x in FY13, which looks undemanding given the company’s robust cash generation, healthy level of recurring revenues and growth potential. Dillistone has today increased its dividend for the first time in four years, reflecting management’s growing confidence. Our FY12 dividend forecast provides an attractive yield of 5.6%.
Afraid busy with work for next couple of days but have downloaded interims - I'll run through them and let you know what I think. Cheers
Is today the start of a climb back ?
Simon Warburton, Managing Director of Voyager Software, explained: "We believe that Infinity will offer recruiters and recruitment managers the tools they need in the modern recruitment market. With the focus on streamlining traditionally disparate processes, we believe that it will drive efficiency and ultimately help our clients offer a better service to their clients." A client using Infinity, Richard Adamthwaite, Sales Director of Required IT, added: "There are lots of great features but the best thing about Infinity for me is definitely the search facility. It is now far faster, far more flexible and far more accurate, helping us to identify the right candidates more quickly and easily."
Dillistone Group Plc ("Dillistone" or the "Company") Launch of Voyager Infinity Dillistone Group Plc, the AIM quoted supplier of recruitment software, is pleased to announce that its subsidiary, Voyager Software, will launch the first phase of its next generation software platform, Voyager Infinity ("Infinity"), tomorrow. Voyager Infinity is designed to improve the performance of recruitment companies specialising in both contract and permanent placements. Infinity meets the demands of flexibility and functionality required by these firms, putting it at the forefront of software available to the recruitment industry. Voyager Infinity is the result of an investment of in excess of £1 million and has been in development since 2008. The product has been built using the state of the art Microsoft .Net framework technology which underpins sister company Dillistone Systems' FileFinder 10 application, a product which was launched successfully in March 2011. In addition, the recent process of launching FileFinder 10 provides valuable reference points for the roll out of Voyager Infinity. At the acquisition of Voyager Software by the Dillistone Group in September 2011, much of the development work of Voyager Infinity was in its advanced stages with the according development cost already accounted for. The Group continues to invest in product development to keep pace with technological and market driven developments in the recruitment industry. The Board believes this will enable Dillistone Group companies to continue to expand market share. Voyager Software has more than 700 clients in the recruitment industry, with the majority of these based in the United Kingdom and Australia.
http://www.investegate.co.uk/Article.aspx?id=201209260705011378N
Hi there,I look at quite a few in the IT sector (own company is in sector and similar size) and still can't quite get my head around some of the PE ratio's when I see huge amounts kept out the P&L's through Goodwill and Capitalised Development policies. To counter this sector aspect I actually prefer the ones with good foundations - ie if they're going to Capitalise each year more than they amortise I want to see a high level of recurring revenue (60% plus) to compensate any fall off in sales. Not a very sexy strategy but long term these sort will keep chruning out okay results, pay a reasonable dividend and because they're not fashionable there is always the chance of them being picked off al la Kewill. Without the recurring revenue some of the software houses on PE's in the 20's could quite easily fall off a cliff if there is a quarter or two of poor new sales. On DSG my target is around the £1.25 mark but if it takes a year or so to get there I'm not too bothered as getting best part of 6% in dividend in the interim. DSG have got six monthlies due out soon - key numbers I'll be looking at are their recurring revenues, if they've continued the pattern of previous growth in these I'll probably double up on my holding so not too sure if I actually want to see any price increase in the interim but I'm not normally that lucky! So, yes I think there will be a spike up - this time though I think it will stick and hold around the 80p level which on reflection is probably a fairer valuation compared to others.
Moljen - hello - SP bounced off this level in October 2011 ---will she do likewise again ?
Yes it should be taken as a sign of confidence Dillistone Group Buy 10-Jul-12 £98,600.00 Mike Love 145,000 @ 68.00p