De La Rue Live Discussion

rogerhorton 18 Nov 2019

More Crystal Amber Dlar DEL LA RUE …Stake Building in a BIG WAY… but it is pertinent first to update on security printer De La Rue (LSELAR). Last month, I was intrigued to see that Schroders (Schroders) went from a sub-3% disclosure level to own 5.8% of De La Rue. AND Crystal Amber Fund then raised its stake from 6.25% to 7.12% ========== ========== ========== ========== ========== ========== ========== = Now if I recall this is the fund that is notorious for shorting stocks and frightening investors out of them. Both look very big pluses.

Ripley94 30 Oct 2019

Your dividend is in danger DLAR… XXXX Top faller first thing down 40% to 131p must saw a very big spread … picked up to

Ripley94 24 Jun 2019

Your dividend is in danger DLAR… XXXXXX This has improved since last post a little now above £ 3 ( just ) News of Directors leaving today did not move it down .

Ripley94 30 May 2019

Your dividend is in danger DLAR… XXXXXX Had looked a good buy at end of March until today. Profit warning RNS… CEO leaving. Down a massive 25 % Buys @ 340p

Gamesinvestor1 30 May 2019

Final Results and the stock gets whacked because of these last two items - down 15.6%

Gamesinvestor1 30 May 2019

Final Results Digging deeper this doesn’t look great :- IFRS, basic EPS was down 80% at 18.8p (FY18: 93.7p) due to the impact of the gain on the change in indexation methodology on the pension scheme in FY18 and additional exceptional charges in FY19. Cash generated from operating activities was an outflow of £4.6m (FY18 inflow of £73.5m). Net debt increased to £107.5m from £49.9m at 31 March 2018. Further commentary on cashflow and net debt is provided in the Cashflow and Borrowings section below.

Gamesinvestor1 30 May 2019

Final Results Hard to make these out at the moment with all the adjustments and changes in IFRS changes etc Revenue up, big hit from Venezuela though, pension deficit down, debt up, :- HEADLINES · Performance excluding paper † o Revenue increased 12% to £516.6m o Adjusted operating profit* increased 6% to £60.1m · Further strategic progress o Growth in Security Features and PA&T o PA&T growth accelerated with multiple contract wins; on track to double revenue within 3 years o Good progress on strategic review of ID business · Next phase of the Group’s transformation underway o Proposal on operating model reorganisation and transformation programme announced today o Divisional structure will optimise operations and provide future strategic options o Expected to deliver annual savings of in excess of £20m by FY22 partially mitigating increasing competitive pressures in Banknote Print · Balance sheet reflects increased net debt and reduced pension deficit o Exceptional charge of £18.1m relating to a credit loss associated with the outstanding accounts receivable of a customer in Venezuela currently unable to transfer funds due to non-UK related sanctions o Net debt of £107.5m (31 March 2018: £49.9m) primarily due to an increase in gross accounts receivable of c£40m driven by the timing of revenue and the balance due from Venezuela. o IAS 19 UK defined benefit pension deficit reduced to £76.8m (2018: £87.6m) · Proposed final dividend of 16.7p; full year dividend unchanged at 25.0p · IFRS operating profit on reported basis was substantially lower as FY18 included the benefit of the £80.5m gain recorded on the change in indexation methodology on the UK defined pension scheme and FY19 included additional exceptional charges Games

Ripley94 30 Mar 2019

Your dividend is in danger DLAR… XXXXX Bought back in here today with spare funds in ( D ) @ 388p . Made money on them in past its all a gamble.

Gamesinvestor1 28 Mar 2019

Fags stamped authenticated by De La Rue :- Well I suppose there are a lot more cigarette stamps than passports - some consolation I suppose. “”""LONDON (Alliance News) - De La Rue PLC on Thursday said it secured multiple contracts to supply tobacco tax stamps to fight illicit trade in six European countries. The security and anti-counterfeiting solution provider said the contracts will see it deliver more than 3.5 billion tax stamps a year in the UK< France, Austria, Sweden, Finland and Cyprus. The stamps are custom designed to meet the specific requirements of each of the countries and include visible and invisible security features to comply with EU regulations.""""""

Gamesinvestor1 27 Nov 2018

Results Big hit on profits, but the business is increasing, despite the loss of the UK passport biz. Financial Highlights Strong Group 12 month order book at September 2018 of £365m provides good visibility of revenue and profitability for H2, full year expectations unchanged Group revenues excluding paper† of £242.0m, 9% growth Adjusted operating profit (1) of £17.0m, primarily reflecting a less favourable mix of orders. IFRS operating profit was £10.1m, down 59% Adjusted basic EPS of 11.2p; IFRS basic EPS on continuing operations of 5.1p IAS 19 UK pension deficit reduced to £77.2m (31 March 2018: £87.6m) Net debt of £94.3m was above expectation due to timing of deliveries in the half year Interim dividend maintained at 8.3p Games – Not much of a market impact and the divi to be paid in December unchanged

Gamesinvestor1 25 Nov 2018

More Crystal Amber [link] Games

Gamesinvestor1 23 Jul 2018

Crystal Amber The hedge fund pushing for change at passport and banknote maker De La Rue has increased its stake and ramped-up pressure on the boss to overhaul the firm. Crystal Amber is now understood to control about 4 per cent of the British company, up from 3.1 per cent following a high volume of trades on Friday. The activist fund is calling on De La Rue’s management to come up with a strategy that will prepare it for the future by focusing more on selling its technology. I wonder what it has in mind specifically that DLAR is not doing more of today - online request for money to be printed? Games

gamesinvestor 06 Jun 2018

Added at 534.4 this morning.Looks like a reasonable bid target now, or a reasonable recovery from this low level. Averaging down for me of course.Dividend equivalent to about 3% locked in from 5 July.Games

gamesinvestor 05 Jun 2018

Non Exec buys ... £100K's worth of stock 4-Jun-18 De La Rue DLAR Bray,Nick 18,348 @ 5.45p £99,996.60Current directorships and business interestsSophos Group plc, chief financial officerCareer, skills and experienceNick has extensive international experience in the technology and information security industries and for the last six years has been chief financial officer of security software firm, Sophos Group plc. Before joining Sophos, he was chief financial officer at Micro Focus International plc, Fibernet Group plc, and Gentia Software plc. Prior to that, he held various senior financial positions at Comshare Inc. and Lotus Software.Games

gamesinvestor 30 May 2018

Annual Profit [link] expected it dropped, although it's encouraging that authentication is now at a third of revenue and more than 1/2 profit -- this area should be a good growth sector.Also knocking the net debt to well below one years profits has to be a comfort.This has been a dog of a share for me but I'm inclined to hang on as it smells like it's going to be sold.Games