The answer to that I believe is...

Its going cheap at the moment and there looks to be considerable upside from its present price of circa 10p. Ive had it on the watchlist for the last 6 months and it continues to do deal after deal but nobody notices .

Plenty more room for acqusitions aswell which will see growth booming.

The company is valued at less than 15 million. By the financial year 2007/8 sales will be 40 million and profits after tax at least 4 million I reckon.

House broker Seymour Pierce have the following forecasts on the company but these I beleive will be smashed.....

To 31-Dec-06 EPS 1.00p P/E 10.0 PEG n/a EPS Growth n/a
To 31-Dec-07 EPS 1.50p P/E 6.7 PEG 0.1 EPS Growth +50%

If the present momentum in the markets goes forward this company on fundies should at least double within a year.

Heres a bit of background on the companys operations......

Delling Group is a leading supplier of marketing support services for marketing
and communication departments throughout The Nordic countries.


Delling manages all fields of graphic support in many different forms and
formats including trade fairs, exhibitions and interactive digital solutions for
the web, mobile telephone marketing solutions, motion media for flat screens,
plasma or LCD.


It also supplies IT solutions which support and increase the efficiency of both
marketing and information departments. However, its major strength is that the
Group can deliver complete turnkey solutions, tailor-made for its customers'
every need. Delling also offers outsourcing solutions that can substantially
save costs and improve efficiency.


The Group's major activities are today concentrated in the Norwegian and Swedish
markets, however, it is quickly expanding into other Nordic areas, as well as
having customers and production facilities in Eastern Europe. It also has well
respected suppliers as far afield as China and Thailand.


Delling Group has today 80 employees. It is rapidly developing its organisation
by focusing on supplying its customers with the quality they demand, delivered
on time at the right price. Central to its philosophy lies the fact that its
customers will obtain greater effects and efficiency for every pound they invest
in marketing and information. The Group has strong growth, both through further
development of existing clients and establishment of many new relationships,
together with acquiring companies that enhance and further develop our business
concept.


Delling's goal is within the course of the next two years, through both
satisfied customers and recommendations, to be the largest and most profitable
company in the field of marketing support services within the Nordic countries,
and a significant player within Eastern Europe. In October 2004, Delling was the
first Scandinavian business to be listed on the Alternative Investment Market
('AIM'), the London Stock Exchange's international market for smaller growing
companies. This has given Delling access to capital funds for the further
development of the Group.



DYOR.

So they are forecasting a 250% SP gain within a year and at the same time making out this could be conservative.............................. WOW.

Well worth looking at this investor presentation from earlier this month.....

http://www.dellinggroup.com/media/Investorpresentation.pdf

A good day for this one hoping for more tomorrow, dont forget target price within 12 months a whoping 35p.

A nice big buy already gone in here.

You can get within the spread.

MM games at the moment, no problem 35p says I can wait.

Spread narrowed, buyers still coming in. Looks ready to tick up.

September Broker report BUY.

The current trading statement points to record volumes. The groups
business model is to provide outsourced marketing services to the
marketing departments of major corporations. The increase in revenue
represents the build up of contracts won by the group over the last 18
months, together with acquisitions. In the first half, further contact wins
have been announced, including McDonalds and Northface in Norway,
and Bristol Myers Squibb group across the Nordic region. We estimate
that underlying organic revenue growth is running at 40%.
The outsourcing of printing services, where Delling acts as a project
manager, earns lower margins than production services, where Delling
adds value through content design and pre-production services. The
group is also seeing an increase in screen based advertising systems and
services, where it earns higher consulting margins. The provision of lower
margin print services is often a precursor to gaining higher margin
business.
Our revenue estimate for the year has been increased from 11m to
12m, but at this point we keep our pre-tax profit estimate of 1m
unchanged. Last week, the group agreed a tranche of 800,000 bank
finance with a Scandinavian bank, illustrating the improved balance sheet
status. We expect Delling to continue to make bolt on acquisitions
financed by bank debt, most likely in the Nordic region where its activities
are based.
The stock is on a December 2006 rating of 10x falling to 6.7x next year. If
business momentum continues, a re-rating should push the stock higher
as 2007 comes into focus. Remains as BUY.

http://www.dellinggroup.com/media/research_alert-BUY_(18Sep06).pdf

http://www.dellinggroup.com/media/research_alert-BUY_(18Sep06).pdf

GF

Sorry for the hi-jack. I know you're not a fan but have a look at GMC. I think it could be another SIN. Complete change in direction and the buyers are loving it.

Going to tread water on DLG but yes it is under valued.

MS

Yup mickey was alerted to it by Pete Hippy (sin thread) last night on the Finfoex B/Board.

What I wont to know though is if they are selling the gaming business off, how will this affect Earning per share.

The company at present have assets galore but Im not sure what or how the company should be valued.

That last statement looks like EPS are bombing, but take that away and whats left?.

From other thread, any thought?

robbiepaul - 30 Oct'06 - 11:37 - 801 of 801


Delling being discussed on Trading Places again.

Chartist says resistance is broken and they are looking at 15p short term.


Looking good.

RP.

Good news then, looks like its going to tick up anytime fingers crossed.

Ticking up now.

Inching its way ahead.

expecting any profit taking which may pull back price?

Well looks to be the same seller present each day selling into strength.

Probably RAB Capital, but its in there interest that in still continues to rise.

selling could pull 1 to 1.5p back each time. but not a big deal to long term investor like me.

Ticked up again. These boring companies can make soom real fine returns for you.

yes, just bought 20,000 @12.75, nice pick up!

Up again. Looks like all buys this morning so far.