A bit of info here on fuel cells. Every little item helps to promote Dysons fuel cell technology.

http://biz.yahoo.com/bw/030519/195453_1.html

Link to Dyson web-site

http://www.dyson-group.com/home.asp

Here also is the phone number for Nick Parker the FD, 0114 263 2841

apparently a friendly and helpful chappie. Number supplied with his knowledge and agreement.

Chart follows:

Jeffmack
Your bank must have the cleanest carpets in town!

sorry socs, couldn't resist

on a serious note chaps why didnt dys move with the rest of market on the recent run.is the outlook still look good as no recent news has been released.

For those interested in Dysons technologies, fuel cell components and materials is one expanding area. Here is an example of where the technology is heading:

http://news.bbc.co.uk/1/hi/technology/3031870.stm

Over a month ago I requested a copy of this companies annual report, and I'm still waiting for it to arrive!

I've been curious to find out more - so thanks folks, I check out the pages you suggest!

LW
If you go to

http://www.dyson-group.com/home.asp

you can click on "Documents" and then on "Accounts" and you can download them. You'll need Acrobat Reader to view them but I expect you already have that.

Thanks Socs

how much upside is left in this stock,after results there appears no follow through.has anyone seen broker upgrades since results.

Copied from Shares Mag 17th July....p7
DYSON GROUP - 228p - BUY

A long-time Shares favourite, Dyson looks about to break out to new highs. The results last month were exciting, not because profits fell, but because of the run-away success of the Ecoflex catalytic converter.

Only competitor Mitsubishi is being trounced with Dyson winning orders from most car makers. Sales are expected to rise from 6 million this year to 30 million in 2006, with profit margins of around 20%.

A much bigger market is Dyson's Carolite hard-disk drive material. Two of the world's largest manufacturers, accounting for 70% of the market, are expected to sign deals this year. Dyson could collect $1 royalty per dic with sales of 5 million in 2005, rocketing to 50 million in 2007. This makes the forecasts of 8 million pre-tax profit and earnings of 19p a share to March 2006 look conservative.

Tipped at 1.64p on 21 June 2001 and last updated as a buy/hold on 12 December 2002 at 1.82p, the shares have a lot further to go.
(Ends)

Well done Vasey, I see you are spreading the news. Pop into the Cafe and have bubbly.

I've put some more bubbles in the fridge, Socs! As I type, DYS up 4.97% (11p) at 232.5

Update: 237p now: that's up 15.5p or 7% - and it's only lunchtime!

Vasey
Up 18.5p at close, pray tell me why. Not that I object, it just seems a little suuden. A rise was expected from my reading of the charts but 18.5p, not ever dreamed of.

Institutional buying by the looks of things, Socs. Their problem is not many shareholders are prepared to sell, or indeed have the sort of quantity to sell that institutions want. Hence any major shareholder can allow the price to be driven up to maximise profit.

Thoroughly agree with your comments on ADVFN re name change. It could be called Bugs Bunny Enterprises for all I care. So long as the price keeps going up 8% in a day!

Vasey
Doesn't a rising share price give a warm, happy feeling?

VASEY GOES TO THE DYS AGM!
Your intrepid reporter arrived at the Tapton Masonic Hall and was pleased to see this was a very professionally planned occasion. The venue was only about 5 minutes from the Company HQ and a very good location. The meeting was due to start at midday but directors were around from 11.30 to meet shareholders.

Not many shareholders actually. Some of the attendees were the usual company lawyers and auditors, making sure they got re-elected and the house broker and a smattering of individuals, about 10 of those, in all.

Clearly, the company was laying on a buffet lunch after the formal business of the day. This is not a tea and biccies outfit. This is chicken thighs, quiche, sandwiches, pie ....and puds! A sit-down do, too!

The formal business was seen off in 10 minutes flat and that included the reading of the statement which was released to the LSE at noon too. Everything was passed unanimously and although the delicious Nick was up for re-election, I never had the chance to officially second his re-appointment because the Chairman had dispensed with that element! Oh, well!

After the meeting was declared closed, I wondered why Nick was clutching an urn under his arm. Was it the remains of one of the original founders of the business and being taken to the AGM's of his company forevermore was something he had stipulated in his Last Testament, perhaps?

I was relieved when it was gently explained to me that this wasn't an urn, but a catalytic converter and would I like to see inside? Indeed, Nick produced all sorts of bits from his briefcase and I am now better informed as to Carolite and Ecoflex since I know can see what they do and where they fit in to the company's financial projections for the next few years.

As you all know, I don't do tecchie, but even I can grasp Saffil/Ecoflex will be making the money till about 2006 when Carolite should take over the running to about 2010 and then it's the Micro Porous Ceramics arm which will drive earnings.

At this point I asked Nick to clarify the sentence in the noon statement which read ...'The benefits of using Carolite are proving to be more widespread than originally anticipated with additional components within the drive becoming possible applications.' He then went into some detail and without going technical, even I can see these additions are revenue-earning and customer-driven.

Anyway, Carolite doesn't have any competition. Better aluminium could be an answer but not in the forseeable future and the 2nd Saffil line is about 10 months out, expected to start work somewhere Mar-May 2004 - not a moment too soon if the demand projections are anything to go by!

I also chatted to the directors generally and Nick in particular about the hoova-confusion. It seems the directors get all sorts of odd communications from customers, including hate-mail and suggestions from quick-thinking entrepreneurs in Asia as to sites they might like to relocate to! But educating journalists is an uphill battle because they won't go and meet the company, despite being offered free lunches in the city - or trips to the plant - to get their facts right.

Nice story involved the BBC Working Lunch who droned on about the hoover company with the DYS chart prominently displayed behind them! The Chairman is still upset about that one and that went out last year! The point being that financial journos have a high turnover rating. As fast as you educate one, he is replaced with another 10-year old and it's a real battle to get them to meet the directors. Yep, they know they have a problem!

Singled out for praise were the Investors Chronicle, Shares and the FT. So, if anybody knows any financial journos, I can vouch for the fact that the directors can explain the complicated issues in human and graspable language and none of them bite. (Though don't put the Chairman in a small room with the Working Lunch reporter!)

I also raised the question of any pension deficit and the dreaded FRS17. The Triennial Valuation is going on at the moment but the last snapshot was taken at the very worst time in the stockmarket and, to cut a long story short, DYS is comfortable with the figures their actuaries are likely to show. Easily within their cash projections, considering potential sales etc. Our company does not have one of those nasty holes in its accounts, either now or in the forseeable future. Repeat, good news on the pension front!

Lastly, I did ask again about access to brokers' notes. For reasons I completely understood, it would be difficult for the company to post them on their website. However, there is nothing to stop brave shareholders from ringing Nick and he will send you out your own copy...if you're nice to him!

Nick Parker's phone number - and yes, he does know I'm posting it again on here! - is

0114 263 2841

I recommend attending this AGM next year. It may be held in a Masonic Hall - but they are not nearly as Secret Squirrel as some companies whose AGMs I've attended. Just don't mention hoovers!

Socs, could you please add Nick's phone number somewhere in the header and also a link to the investor relations part of the DYS site ....

http://www.dyson-group.com/home.asp

Thanks, poppet!

Vasey
Many thanks for the report on the AGM, it's great reading.

Regards the question! It was actually prompted because I have been looking at a company with similar products, Porvair ("PRV").

The market caps are not dissimilar, DYS 79.87m and PRV 61.28m. and also the Turnover per share is similar, DYS 196p and PRV 186p.

There could be a good case to be made for a friendly merger, savings on costs, administration etc. What concerns me is that DYS or PRV could be taken out before they have achieved their full potential.

Well, Socs! Another 8.5p rise today..... Probably a mention in one of the Mags. Perhaps it would help to paste in a 3 year chart into the header. It would be an easy reference for anyone looking for the basic info.

Right, now I think I know somewhere that has a secret stash of bubbly for occasions such as these.....see you there!

Vasey
That chart in the header is a darned good idea, how on earth do you do it?

Superseded because the Superb Socs answered his own question!

Hows that Vasey?

Well done, Socs! With any luck it will update itself from now on.

Dyson Group PLC
17 September 2003

Dyson Group plc

Holdings in Company

In accordance with sections 198 - 202 of the Companies Act 1985, Dyson Group plc
was today notified that Standard Life Investments purchased 359,944 ordinary
shares of 25p each in the Company. Following this transaction, Standard Life
Investments is interested in 1,191,821 ordinary shares representing 3.852 per
cent. of the issued ordinary share capital of the Company. The shares are
registered in the name of Stanlife Nominees Limited.

vasey
I've had a look at charts for DYS and the Bollinger Bands are getting interesting, narrowing quite steadily. I think there may be another break very soon, hopefully upwards.

thanks, socs. Bollinger Bands are not really something I've ever got my head around....so rely on you for this! I know they tend to predict action - and it has been accurate so far on DYS.

Showing excellent strength against present market weakness. Nice buy of 40K as market closed today. Bollinger Bands continue to tighten but not yet significant. BZ.

I finally got hold of a annual report so I can hopefully find time tommorrow to prepare a proposal for the investment club I am treasurer of, for us to invest into this company. My biggest worry is that they think we have missed the boat. We have quite a lot of spare cash to play with as a lot and several members have mentioned that they think we should increase out current max stake in any one company quite substancially. (Less work for me, and sooner rather than later someone else must be able to take over from me, as if they are not careful they may not have any choice in the matter!)

Vasey are you joining us near basingstoke next weds?

Not sure about Basingstoke next week. Doubtful.

But if you can access advfn, there is an excellent thread stuffed full of information under the DYS epic on the free bulletin board. I have a feeling you could find Socs, Buyzantium and myself all over there under different names. If you can't access it let us know here and we will bring some of the highlights to you!

I'm sure you haven't missed the boat. I went to the AGM and talked to the directors and returned more convinced than ever that this is a great share to hold for at least 5 years.

They have a pipeline of money-earners, coming on stream next year and their order book is mouth-watering, whichever product you are looking at.

I do strongly urge you to speak to the-delicious-Nick Parker at DYS. He is very knowledgeable on both the tecchie and financial sides and he is very friendly. You're best getting your answers from the chap who knows them!

Good website for keeping up to date with fuel cell advances and utilisation. Knock-on effect for Dyson must be good. If nothing else, it's an interesting read.

http://www.fuelcells.org/fcnews.htm

(Perhaps one day I may remember how to post the links properly).

DYS was mentioned on p49 of this week's Shares Mag, a resume of Picks of the Week. An update.

DYS: It was once a boring supplier of refractory materials lining blast furnaces and kilns. We spotted the potential of its transformation into a high-tech materials maker and recommended the shares at 164p (21 Jun 01). they have had their ups and downs since then, but are close to their all-time high at 2.60 today and should go higher once the high-performance hard disks are released by major manufacturers.

The purchase of Millenium Materials, inventor of the Carolite substrate for the hard disks, in America for 7.8 is proving an amazing bargain. Its founder and chairman, Dr Sam Weaver was wooed by many bigger companies but decided to throw in his lot with Dyson in exchange for an 18% stake which will rise to 25% if Dyson shares top 10.

In July, we again recommended DYS at 2.28, saying it 'looks about to break out to new highs'. This advice proved correct as the shares soon rose to 2.69

Recent results were promising, though profits fell, due to the runaway success of the Ecoflex catalytic converter housing for cars which has won dozens of orders worldwide which will feed through to profits over the next few years.

(Ends)

N.B: This was written by Timon Day, one of the very few journalists who the management of DYS rate. Chances are he checked his facts etc with Nick before going to print.

DYS up 4p at the moment. Could be seller cleared at last, the press coverage on James Dyson over the weekend or the Shares update. Whatever! It's rising! Well done Little Woman! Results out 7am 4th Demeber. Should be good. Just remember not to sell, Socks!

In for the long term

up 12.5p as I type....or 4.79% on the day

and to think, I thought I may have missed the boat!

Well done ladies ..

Croc ... you smoothie. Hope you are not trying to impress them again with your BOTs :)

Bones, didn't you come to the first "meeting in the south". And if did - why didn't come to the next?

Little Woman, yes, I did come to the first one. Otherwise indisposed for the second. Sorry!

I hope to be at the Xmas do in London though.

Cheers
Bones

Shares magazine, 20th November, page 53

'Converters and discs to drive growth' - by Timon Day

This special materials company will produce a solid set of figures in early December, with sales and profits similar to the first half of last year. Profits should be just over 2m and turnover around 30m. Full year profits will be 5m rising by around 15% to 20% next year. The dividend is unlikely to be increased.

Dyson is in a transition phase, as its old refractory business supplying furnace linings to steel group, Corus and ceramics manufacturers continues to wind down. The excitement comes from the success of the Ecoflex catalytic converter where the order book is booming. The new 5m plant should open early next year.

SHARES SAYS: Super Long-term investment.

A majority of hard disc drives are likely to use Dyson's new metal matrix composite Carolite within five years; the discs allow speedier computer operation and greater reliability. Chairman, Tom Brown said at the AGM: 'The benefits of using Carolite are proving to be more widespread than anticipated with additional components within the drive becoming possible applications'.

Dyson Group PLC
04 December 2003


PRESS ANNOUNCEMENT


DYSON GROUP PLC


For immediate release 4 December 2003

INTERIM RESULTS

Dyson Group plc ('Dyson' or the 'Group'), the performance materials group,
announces its interim results for the six months to 30 September 2003.

Product Developments:

Saffil(R) fibre capacity: Increase in production and sales of 30%
ensures growth in customer demand is met and profit growth achieved.


Ecoflex(R) order outlook: Additional capacity and a growing order book
give the Board increasing confidence that Ecoflex(R) will contribute
significantly to expected growth in future years.



Carolite hard disk drive substrates: Progress continues and it appears
that expectations will be met in terms of potential profitability.
Specification on a disk drive is anticipated in 2004 with a positive
contribution to profit in 2005.


Thermal Technologies division: Successful margin improvement programme
continues.


Financial Highlights:

Underlying profit before tax ahead of market expectations 1.91m (2002:
1.55m) - up 23%


Underlying earnings per ordinary share of 4.57p (2002: 3.87p) - up 18%


Interim dividend maintained at 1.00p per Ordinary share



Tom Brown, Chairman of Dyson, said: 'The Saffil(R) chemical fibre business,
together with the Ecoflex(R) product, is delivering excellent results. The
Carolite metal matrix composite is showing all the indications that it too will
deliver on its potential. In parallel, our gradual exit from low margin
activities means that the group will be left with a portfolio of products that
have the capability of delivering high margins and good growth and thereby
achieve our aim of increasing shareholder value.'

/More...
'Against this background, we view the remainder of the current year with
confidence and anticipate further good progress thereafter.'

...Ends...

For further information, please contact:

Dyson Group plc Today: 01756 770 376
Tom Brown, Chairman Thereafter: 07831 679 466
Mike O'Brien, Group Chief Executive 0114 263 2805
Nick Parker, Group Finance Director 0114 263 2841

Rawlings Financial PR Limited 01756 770 376
Catriona Valentine


CHAIRMAN'S STATEMENT


OVERVIEW

Once again it is pleasing to report record half year results which are above
market expectations. The results reflect growth in sales and profit in the new
product areas of the group, as well as continuing progress in our programme of
margin improvement in the group's traditional businesses. This profit growth has
been achieved despite a significant increase in expenditure on commercially
focused product development.

Overall, group sales rose by five per cent in the six months to 30 September
2003, although this figure masks sales growth of 16 per cent in the Performance
Materials division. Underlying profit before tax increased by 23 per cent to
1.91 million (2002: 1.55 million). In addition, underlying earnings per share
improved by 18 per cent. Exceptional closure costs and goodwill amortisation in
the first half were 3.0 million, resulting in an FRS3 loss before tax of 1.1
million.

We propose to pay a maintained interim dividend of 1.00p per Ordinary share
(2002: 1.00p) on 23 January 2004 to shareholders on the register on 12 December
2003. The Board believes that maintaining the dividend during this period of
rapid change and high capital investment is an appropriate policy and that in
due course as the dividend cover increases a more progressive policy will be
adopted.

PRODUCT DEVELOPMENTS

Saffil(R) fibre capacity

The major capital investment programme in our Saffil(R) business, which produces
chemical fibre for a variety of applications, including our Ecoflex(R) catalytic
converter product, continues on schedule and within budget. This programme
comprises a new chemical fibre production facility and we continue to anticipate
that first beneficial production from the new fibre line will be delivered in
the first half of the 2004 calendar year. An appropriate announcement will be
made when this important milestone has been reached.

The necessity for this increased production capacity is clearly demonstrated by
the continuing growth of the Saffil(R) business with significant volume
increases being driven by requirements for the new automotive catalytic
converter applications. Demand from the Far Eastern automotive industry has been
some 20 per cent ahead of our customers' initial forecasts and, as previously
reported, this has put substantial strain on our existing manufacturing
capacity. Once again there is considerable credit to be given to the operational
management team at the Saffil(R) business, which has risen to the challenge of
delivering increased volumes on schedule.

Ecoflex(R) catalytic converter components

In addition to the growth in demand in the Far East, the anticipated growth in
both Europe and America for the Ecoflex(R) product is being developed in
accordance with expectations. As new high efficiency catalytic converters are
being adopted by the global automotive industry, we are seeing growth in our
future production schedules in line with the market share targets that we have
set for ourselves. By the nature of the automotive industry, many of these new
products are for vehicles due to commence production in 2005 and 2006. This
gives us confidence that a substantial part of the expected growth of the group
in forthcoming years will be Ecoflex(R) driven. In anticipation of this growth,
Ecoflex(R) facilities to convert the fibre into the final product have been or
will be installed in the UK, Japan, South Africa and the USA. Again, this
investment programme is on schedule and within budget.

Carolite hard disk drive components

Progress on the development of Carolite hard disk drive components continues and
it appears that our expectations will be met in terms of potential
profitability. Regarding timing, it is anticipated that our material will be
specified on a disk drive in the forthcoming year with a positive contribution
to profit in the 2005 calendar year.

There are now two major applications being considered for the Carolite material,
both of which are designed to overcome the issue of Track Mis-Registration (TMR)
within the hard disk drive. The well documented problem of the instability of
the existing aluminium substrate at high rotational speed continues to be a
major issue that the Carolite material has been proven to overcome. Another
solution to a part of the TMR issue would be to use the Carolite material to
replace all or part of the aluminium actuator arm (which holds and positions the
read/write head above the disk).

Whilst it is not yet clear which of these solutions will be incorporated into a
drive programme first, either would provide similar financial benefits to Dyson.
Furthermore, the two approaches are not mutually exclusive and, in the event of
either or both being adopted, we anticipate they could rapidly become industry
standards on high performance drives.

Our potential customers, who are the world's leading and most advanced hard disk
drive manufacturers, have continued to show determination in assisting us to
deliver on the potential of the Carolite material. They have continued to share
valuable production know-how and technical expertise with us to help ensure that
their internal performance and cost targets are achieved and we believe that
this is a very positive indication for the prospects of Carolite.

Other new products

We continue our involvement in the automotive metal matrix composite programmes
with five separate product developments being pursued with different customers.
The most advanced of these is with a major Japanese car manufacturer and it is
providing a small but growing stream of income, as an increasing number of
prototypes are being built.

These programmes are focused upon developing our metal matrix composite
technology for commercial applications, whereby metals such as aluminium,
magnesium or titanium can be reinforced using either chemical fibre or
particulates to deliver a component with improved performance characteristics,
particularly strength to weight ratio, modulus of elasticity and wear
resistance. The potential of these programmes is significant but, as with many
of our other materials technologies, we do not expect a major contribution from
these activities in the near future.

One of Saffil's customers, Siemens Westinghouse, has made public its use of our
Saffil(R) material as one of the key components in its prototype stationary fuel
cells. We are aware that its build programmes have been successful and that they
are being developed further. However, at this early stage, we are very conscious
that the timing and possible volumes of commercial sales into this application
are extremely tentative. Even so, it is encouraging that the Saffil(R) team
continues to find new possible applications for this high performance material.

Great results. Full financials in the RNS issued at 7.30 this morning

Yes

- I'm really please with this share, pity they didn't raise the div a tiny bit even though the underlying earnings per share was up 18%

Hi, LW! There is a carrot for the future though......


"We propose to pay a maintained interim dividend of 1.00p per Ordinary share
(2002: 1.00p) on 23 January 2004 to shareholders on the register on 12 December
2003. The Board believes that maintaining the dividend during this period of
rapid change and high capital investment is an appropriate policy and that in
due course as the dividend cover increases a more progressive policy will be
adopted"

Thanks vasey - also for the ex div & pay dates!

I'm looking forward to meeting you again tommorrow at the MoneyAm Christmas Lunch.

There is certainly a lot of great information and clues for the future in the statements issued today, LW. I can't remember whether or not you spoke to the-delicious-Nick (Parker) at DYS to get the two most recent broker notes. They are a mine of juicy info, but Nick is 'doing the rounds' today in London. Maybe that will result in another broker issuing a detailed 'think piece' and some decent media coverage.

Certainly the company has great growth potential, low gearing and a management that can communicate in plain English. A rare beast!

Did you find time to cast a beady eye over the DYS thread on ADVFN? Even more tecchie analysis of all types on there.

Christmas Lunch tomorrow......yippeeeeeeeeeee!!! C'mon Socs! The ball and chain will let you out for lunch and the eye, surely?

Not been over to ADFN for months!

My holding is a long term investment - so I must admit unless the share price drops heavily (!) I don't do much in the way of research. (Just depend on the BB for quick updates!)

Must remember to organise my sleeping space for tommorrow!!!!

http://www.advfn.com/cmn/fbb/thread.php3?id=1313099

To save you some time, LW!

Thanks - will take a look now

Market has only been open a few minutes and DYS is up 1.5% already. The directors were obviously saying the right things in the City yesterday!

Edit: Now up 2% (or 5.5p) 2.81

Just a single line in this news item of relevance, but may have a knock on to Dyson:http://news.bbc.co.uk/1/hi/business/3313511.stm

Vasey
It occurs to me that there could well be EU development grants available re. post 52. Early days yet but Dyson may not be aware. Could you call your nice contact and give him a heads up. Not sure where to find more detail but European Journal could be a good start. I'll do some digging.

Old Socks

Socs!
I will ring the delicious Nick tomorrow.
Sounds good, why dont you pick DYS for the poochies?
Big Kisses!

Socs: Link sent successfully to Nick.

One happy Socs today! DYS up 7p today so far - 2.5%+ on the day...so far!

Another good day for The Three Musketeers on this stock. Up 7p (2.46%) Seems to happen quite regularly......

Perhaps someone is trying to build up their holding?

Your Investment Club, perhaps,lw?

I wish :-)

(and I suspect so do the members!)

the reason for todays rise,was recommended by sunday exprees as one of there stocks for 2004.sorry no further info was on newspaper roundup on this site.

thanks, Woodie!

Would the Express have made that much difference, not that I'm complaining?

yes it did the mms marked the stock up 3p before trading started set trend for the day.

DYS up 11.5p so far this morning (4.3%)......

OK Vasey, I give in. Why the gap up today?

Churchtower on the other thread has the only explanation I have seen. Spooky...but he is right EVERY single time!!

MMs starting to wake up this morning. Spring in the air? Welcome Garth.....!

hi vasey when are the next results due?

minor ice age, I'm afraid, woodie! Think June for the full year figs.....zzzzz; but the-delicious-one claims he has no clue why the price was nudging positive today. (He's probably cackling down the pub as I type.....). They will announce the opening of the new plant sometime around Mar/May time to cope with the overflow demand, but nothing major expected imminently. So why the move today, guys....? Hmmm....

The medium/long term story remains very good at DYS. Just a case of being patient. But days like today are nice :-)

G.

The move up yesterday has resulted in a cluster of technical BUY signals. Amongst many, the following principal ones have been triggered (1) CMO (2) RSI (3) CCI (4) STOCH (5) Linear Regression (6) TCI.

(CMO is the Chande Momentum Oscillator, CCI is the Commodity Channel Index, TCI is the Trading Channel Index and Linear Regression is similar to a moving average but does not exhibit so much delay. Individually they all have their strengths but when they all appear together the overall signal is very much more accurate)

I have also discovered EVO issued a note on DYS in the last few days - a BUY with a target of 3.50, apparently.

(All of the above cribbed from posters on the other thread, but price is still moving up today. Now 2.725 mid. 3.50 was a target also mentioned in one of the other brokers' notes issued last summer.

I now have the brokers' note but it is far too big to post on here (24 pages with lots of graphics etc). A gentle word with Nick Parker at Dyson might get you a copy, (see the header for his direct line). It's good stuff, easy to follow and very conservative. Plenty of relevant information and the information is of good quality.

I have just received a copy of the piece in the Independent last week.....amazing how they've nicked your thread header for their first line, Socs!

"DYSON - NOT the vacuum cleaners company, but the advanced materials
> developer - has been attracting renewed interest. IBM, Seagate and Maxtor,
> the world's three largest makers of hard disks, are testing the little
> Sheffield company's new Carolite material in disk drives because, Dyson
> claims, it allows disks to be spun that much quicker without increasing
> vibrations.
>
> The hope is that Dyson will have commercialised the technology by the end
> of the year and it could be contributing significantly to profits by 2006.
> A new broker has started to put out research on Dyson - Evolution Beeson
> Gregory has a "buy" recommendation - which ought to help liquidity in the
> stock, too.
> ----------------"

up 9 so far today.

I wondered when you would spot that......! Is it still the best performing share in the 'Team's' portfolio?

No I'm afraid not, we took a profit recently after it dropped below the stop loss - but it's on the list to buy back, at a later date and of course I do have some of my own in my long term portfolio for dividend.

Nothing wrong with taking a profit..... I held all mine, despite the slide, after reading the brokers' note mentioned above. 3.00 - 3.50 range soon.

are the results due in the next few weeks?

see post 70, woodie.

About time to bring this one back to the top. If anyone is interested in high-tech materials, this could be the share for you. It seems to behave fairly predictably, has been a regular riser and pays a reasonable dividend.

No fireworks so far but I wish all my shares were as good. All IMHO naturally.

I agree with you Socs, excellent long term investment.

Seem to be picking up every day of this week. Slow, but steady!

There seems to be an odd 'Friday effect' developing. What a chart, eh?!

Looks like a fantastic short after yesterdays profit warning. A number of downgrades are now out pointing to a price below 250p. I have a short which I will add to on Monday, my target is 260p. Should be easy money.

'In the preliminary results announced in June this year we made it clear that
the Group has some significant challenges to address and, in particular, energy
prices. Since then the cost of energy has further escalated in excess of our
expectations. Our Thermal Technologies division, in which over recent years we
have managed to achieve improved profitability, is a highly energy intensive
business. In addition, our Saffil(R) business is a major user of electricity.
Our current fixed price energy contracts will expire before the end of the
current calendar year, and if present price levels persist this will impact on
the profit margin within these businesses. We are currently formulating action
plans to mitigate as far as possible the impact of these higher energy costs
and will keep shareholders informed of progress.

hunter
Don't get too excited. They can always recover some, if not all, of the energy price increases by adjustment of prices. Also, all of their competitors will be suffering from the same effects so it should have little impact on the overall market for their products. In fact, since Dyson have a good product range addressing the alternative energy market, they might even benefit in some small way.

30p drop seems an over-reaction to me so there may be a correction on Tuesday. Of course you may be quite right but it would be too much of a gamble for me.

hunter: I attended yesterday's AGM and have followed this company fairly closely for some years. If you don't mind hearing an alternative opinion, I think there are profit warnings and profit warnings. One is where the directors are guilty of poor judgement and the other is where future profits will be influenced from events way beyond the control of the directors.

This company has divisions which will produce excellent figures, Ecoflex for example. But a short history demonstrates that only 2.5 years ago, DYS were paying 12p per therm for their energy. They are currently on fixed contracts until October at 34p per therm and when they issued the annual results, they were basing their forward figures on the then current price of some 54p per therm. Now prices are between 70p and 80p per therm and they could hardly ignore the issue. Ive noted down that we are 5 months into the current financial year, year end being 31 March 2005, and obviously such a large hike in their energy costs will have an impact on the figures. However, a statement of the screamingly obvious is that the directors cannot control world energy prices and they have been aware of the issue and are developing strategies to ameliorate the effects of the price rises.

Several other companies will be making similar statements in the coming months. Here, the DYS directors were adopting best practice and getting the facts out in the open at the first opportunity.

The company is still highly rated in PE terms. This is because the market believes it has an excellent pipeline of products in the near, medium and long term. I think the Report and Accounts (approved by shareholders yesterday) demonstrates this and I hope it's something you will have digested before making your target price quite so low.

I note you refer to seeing several downgrades. Could you please let me know where these can be found as I'd love to check them out? Thank you and good luck with whatever you decide to do.