Member Info for pitters57

I have just heard that the company has been dissolved and am absolutely disgusted. This has all happened because of Chinese fiscal policy where they have stopped money going out of the country. Therefore no money to pay dividends, audit fees etc. I imagine that the company is still happily trading in China but meanwhile my pension has taken a hammering. Does anyone know if us UK shareholders can make a claim against the company in China? Is it something the FSCS would handle?

Is anyone concerned about the dividend payment? The final results said it "will be payable around 12 August 2016". Not received mine yet!

At last, some upward movement! Came a bit sooner than I expected. Sold my 7.9p purchase mentioned earlier at 11.35p today. Still holding 22,000 shares for the dividend and further capital growth.

Totally agree hinkais. We may have to wait a few weeks for the market to realise they are massively underpriced! I topped up at 7.9p this morning.

Yes, they are definitely oversold in my opinion. We just need to be patient. Might have to wait until half-year results on 29th July.

Yes indeed! Net asset value per share from interim results is almost 145p per share. Although I've read the bidding war could get up to 227p per share. Who knows?

Yes I agree about the ex-div situation, no idea why, but I've just topped up at 1313p! Two per cent yield on the interim div alone. Share price all depends on whether the trading statement on 7th Feb is good I suppose.

Looking back at the graphs I notice that these shares go up quite substantially every January to March quarter, obviously partly influenced by the upcoming results and dividend. I've averaged down twice now so hoping for an improvement this quarter!

I've just topped up on these at 559p. Looking back at the graphs I notice that these shares go up quite substantially every January to March quarter, obviously partly influenced by the upcoming results and dividend. I'm hoping for a dividend hike from this cash-rich company, maybe even a 'special' dividend this year. Any thoughts?

Yes, all sold yesterday, albeit a bit premature. Today they've realised their mistake!

Thank you GL. Nice to know someone's out there!

Sorry, got in at 835, not 830!

The Trading Update on 23 October 2013 states that ‘De La Rue will announce its interim results on 26 November 2013’. It also states that profits for the half-year ended 28 September 2013 will be in the region of £39m, up 18% on the six months to 29 September 2012. Profits for the full year are estimated at £90m, an increase of over 40% on the previous financial year. I’ve just jumped in at 830p because these results look impressive to me, and a buying opportunity because; a) the announcement of these results seems to be missing from financial event diaries/calendars (not on LSE’s or HL’s) so will come as a surprise to the market time-wise; b) these results, although in the public domain, are not in the price. When the brokers and analysts punch these numbers into their spreadsheets tomorrow they may well come up with a significant revaluation; and c) the price has fallen almost 15% since 23 October, a typical overreaction to banknote volumes falling 10%, as already discussed here. Not to mention a possible increase in the interim dividend! Anyone else agree?

Bingo! Quicker than I expected.

The market-makers didn't seem to know what they were doing yesterday either. The IMS was largely no change to the previous statement but they marked the shares UP to 1100p first thing! I'm hoping for 975p by today's close.

I've just topped up. I think they've duplicated yesterday's news and made a brief mistake! I guess time will tell ...