gamesinvestor
13 Apr 2016
+ve trading update [link] year revenue for the Group has been broadly in line with expectations. Full year underlying operating profit is now anticipated to be around £62m which is above previous expectations. This higher level of operating profit has been driven mainly by strong operational outperformance on certain contracts within our Currency business. Identity Solutions and Product Authentication and Traceability (PA&T, formerly Security Products) have been trading broadly in line with expectations.Net debt at 26 March 2016 was £5m lower than at the end of the prior year at £106m.Games
sauloman
06 Jan 2016
No News It's been a long time since we have heard that this company has picked up new contracts. They can-not rely on constantly restructuring sometime they will have to get involved making new business. This I think they should be concentrating on instead of relying on there reputation of the past and expect clients to come to them.
gamesinvestor
30 Dec 2015
DT article [link] piece of promotion and history for DLAR today.Games
LK Hyman
02 Dec 2015
Re: Good to see ... ... today's nice rise.One wonders whether the new centre for excellence for identity and security print would have been located in Malta had it not been for the closure of the banknote production facility in Malta and the consequent 300-odd Maltese redundancies, which will hit the island hard?On balance the manufacturing review looks sensible. Low capex generating a pretty decent return and banknote production coming into line with demand.LKH on the flybridge
LK Hyman
02 Dec 2015
Re: 5 magic stocks Lambo,"decisions..decisions..">BANG ON<LKH on the flybridge not like you not to take a position, m8?
lambrini girl
02 Dec 2015
Re: 5 magic stocks nice bounce..and divi tomorrow..decisions..decisions..
LK Hyman
30 Nov 2015
Good to see ... ... Jitesh Sodha buy a few shares. Not many, it's true, but some.Does it foreshadow the wise words of Squeeze in Cool for Cats, many moons ago?"The Indians send signals from the rocks above the passThe cowboys take position in the bushes and the grass"[link] on the flybridge reading the smoke signals positivel
urbanite
28 Nov 2015
Re: Your dividend is in danger This business has undoubtedly under performed. Arguably that's why the share price is what it is. Fact is, the dividend should be cut....such an action would reassure shareholders, a new cost reduction strategy is necessary and new blood to run the show and to come up with a plan. Where is private equity or a trade buyer when you need them? I will continue to hold.....
Ripley94
27 Nov 2015
Re: Your dividend is in danger A write up on this site by lee wild ( who is he ) 26/11/15.with chart of vulnerable divis .Not shown under news.
geldman
26 Nov 2015
Re: Your dividend is in danger DLR lost the contract to make the polymer notes for the Bank of England, they only print them because their technology is second rate. It is rumoured that they only have one polymer customer globally. The main reason they are under threat, and the other paper producers as well, notably G&D in Germany, is that both the largest users of banknotes, China and notably India are gearing up to make their paper internally and to print their own notes. India produces 6 billion notes/year, China more. DLR is shut out of both, especially India after the issues over paper quality some years ago. This is a company in decline. Save your wife's money!!
LK Hyman
26 Nov 2015
Re: Your dividend is in danger Geldman,"with competition in the industry hotting up, and technological advances resulting in an increasingly 'cash-less' world"If the world is becoming increasingly 'cash-less', why should competition hot up? Anyway, DLAR appear to be saying that cash, world-wide, isn't declining quite as quickly as one might think looking at it purely from a UK perspective.LKH on the flybridge
geldman
25 Nov 2015
Your dividend is in danger Not only I believe that the divi is in danger. See below from the Motley FoolDe La RueMoney printers De La Rue (LSE
LAR) disappointed the market yet again in Tuesday business, forcing its share value to fresh record lows. The Basingstoke business advised that revenues slipped 5% during April-September, a result that sent underlying pre-tax profit shuttling 38% lower to £12.8m.De La Rue has vowed to undertake a "root and branch" at its Cash Processing Solutions arm following the results, a decision that could see the firm hive off its cash sorting machine operations. But with competition in the industry hotting up, and technological advances resulting in an increasingly 'cash-less' world, troubles at this division are far from De La Rue's only problem.In light of an expected 22% earnings slump in the year to March 2016 -- the second successive drop, if realised -- the City expects De La Rue to keep the full-year dividend locked at 25p per share. I would not be tempted by a 5.6% yield, however, as the prospect of prolonged bottom-line weakness could see dividends at the printer take a huge whack.
LK Hyman
25 Nov 2015
Re: Results Geldman,"Paying a dividend from the proceeds of selling off surplus land smacks of desperation."Not quite fair. The divi was covered (but only just) by the earnings excluding the land sale.LKH on the flybridge
geldman
25 Nov 2015
Re: Results A very wise saying;the first cut is the best cut.DLR apparently have not won a contract to make and print paper for a new country for some time. It is becoming increasingly obvious that many countries will begin manufacturing their own banknote paper rather than buying it from DLR, adding to the global surplus of capacity. The long term prospects are really not good. Paying a dividend from the proceeds of selling off surplus land smacks of desperation.
LK Hyman
25 Nov 2015
Re: Results Games,These were truly terrible results, and the balance sheet looks awful. It would have been even worse without the gain from the surplus land in Overton.Mrs LKH has a small stake in DLAR (currently down 14% in no time at all) and I shall urge her to sell it if there is a single new piece of bad news in future.On the positive side the announcement of a 'root and branch' review of the Cash Processing Systems division suggests strongly that they will get rid of the part of the business which performed most poorly in the half year. It can't happen too soon in my opinion and should be easy enough to cut loose from the rest of the business, though I have no idea whether anyone can be found to take it off DLAR's hands.Operating cash flow was remarkably strong compared to the previous comparable half, even after allowing for the gain on the land. It looks as if the main reason was the change in working capital. I don't know enough about the company to be able to have a view on how that might change in the next half year."Security" in the widest sense ought to mean that this is a good safe company to invest in, but they seem to be worryingly accident-prone.Holding by fingertips.LKH on the flybridge
