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:

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.