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An extract from II and Edmond Jackson's words of wisdom on DLAR..

Noting last October at 200p, the stock was broadly an “Avoid” in chart terms, I was intrigued how a re-organisation had been underway for some time, and how the business had a history of good cash generation and a new chairman and CEO.

Schroders’ appearing with a 5.8% stake swayed me to a “buy” rating, while I emphasised the risks and speculation involved, also “the chief hurdle I envisage is weak interims in a month’s time... a fresh root-and-branch review...when the new CEO might also opt to flag any extra house-keeping costs.”

He did exactly that in late November, declaring a new re-organisation and suspending dividends to manage higher debt arising from adverse working capital moves.

I should have sat further back from a business with a troubled past, however good its market position, until bosses have declared “kitchen sinking” and bought equity.

So, De La Rue is evolving to this proper rule, in the sense the CEO bought into the share price fall, pumping in £51,589 at around 138p, with the company secretary also taking £61,327 worth at 139p and another insider £14,546 worth at 145p.

The stock drifted to 125p, which attracted support back up to 135p, and I suspect it is now the recovery “buy” I anticipated.

Seems there is not much stock available down here

Someone seems happy to buy all that the PI can throw at them

Interesting.

Could not even buy 50K

Interesting rise and wide spread. Trying to deter further buying

Has our seller departed? Could be a good rise ahead if thats the case.

Starting to think there may be some news about

Took out most of the stock on the offer at the lower level.

Off we go. Lot's to look forward to in early 2020

Bought the dip.

Added again. I think that there could be good news in 2020

Taken a few off the table not that i don't believe FUM has massive potential but am sitting on too much profit and want to add NFX

Very light on the sell side. Just need a bit of volume

I am hoping that it is just adjusting of portfolios which has bought PHAR down to this level. When it was 70p only a few months ago there is good growth for the stock from this level.

I think if Carapa was a duster we would have had the news by now. I have a feeling they are testing further and we could be richly rewarded in 2020.

Tempted to add further here.

People waking up to the real potential here. Could be a top performer in 2020

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https://www.investegate.co.uk/News/-/870271/