i'm buying on the blips

Share price decimated .

Sept 26:
Investec: Hold - TP: 600p
Numis: Hold - TP: 540p
JP Morgan: Underweight - TP: 600p

HARRYCAT - FWIW, IMHO,
[DLAR] may recover as others have suggested, but the message appears to be a LT profit reduction with 2016 " . . . and probably further" - so I expect to see a gradual slide as the regular investors fall away. That's not to say there won't be a sp recovery - Markets will likely to bounce wildly - and who knows - a Bid might be rumoured!

10-year new contract with BoE signed

StockMarketWire.com
Banknote printer De La Rue's revenues and underlying profits fell in the six months to 27 September.

Revenues were down 8% at £214.9m while underlying operating and pre-tax profits fell by 31% and 37% to £26.6m and £20.6m respectively.

Reported pre-tax profits were down 36% at £18.1m.

Chairman Philip Rogerson, Chairman said: "While market conditions have resulted in lower revenues, we have partially mitigated the impact in the first half through cost savings from operational efficiencies and have commenced a further rationalisation of our manufacturing footprint.

"As previously announced, we expect the challenging trading conditions within the currency market to continue and this, together with lower than expected new business in our Solutions division, has impacted our outlook for 2014/15 and 2015/16.

"The Board continues to believe that, while current conditions are tough, De La Rue remains a strong, profitable and cash generative business in a market with good medium and long term growth prospects."

Nov 25: Investec : Add - TP: 560p

StockMarketWire.com
Banknote printer De La Rue reports that trading in the period since 27 September has been in line with revised expectations with all the forecast currency orders, for production and shipment in the current financial year, secured.

The board continues to expect that the group's operating profit for 2014-15 will, as previously announced, be approximately £20m lower than the underlying operating profit of £89.3m reported for 2013-14.

De La Rue also announced that group finance director Colin Child intends to stand down at the annual general meeting on 23 July. Head hunters will be appointed to commence a search for a new FD and assist the nomination committee to identify suitable internal and external candidates.

Chairman Philip Rogerson said: "On behalf of the Board and all his colleagues at De La Rue I would like to acknowledge and thank Colin for the very significant contribution he has made to the Company. During his five years with De La Rue Colin played an important role in the achievement of improvements to the business and took on additional responsibilities during periods of management change. He leaves with our very best wishes."

Jan 29:
Numis : Hold - TP: 540p
JP Morgan: Neutral - TP: 580p
Investec Add - TP: 560p

Greek saga giving DLAR a lift!

Time to roll these out again?

Are these from your private collection, skinny ...last one certainly
more attractive than any of our notes. DLAR waiting in the wings.

No - the power of google.

I first posted them in May 2012 - maybe this time......

Bid rumours

Mar 19: Citigroup: Neutral - TP: 490p

New polymer £5 note in Scotland from today

Nice big gap on the chart to fill .....plus a nice divi in May? (Divi not yet announced that I can see).

Normally announced end of May and paid August?

StockMarketWire.com
Bank note printer De La Rue's revenues fell to £472.1m in the year to 28 March - down from £513.3m last time but in line with its revised expectations.

Underlying operating profit fell to £69.5m from £89.3m and underlying profit before tax dropped to £57.7m from £77.3m. Reported profit before tax of £38.9m was down from £59.8m.

Chief executive Martin Sutherland said: "These results are in line with our revised expectations and include the benefit of further operational efficiencies. However, these have been outweighed by the impact of the challenging market conditions on revenue and operating profit across the group.

"In my first seven months, I have strengthened the leadership team and restructured the organisation to better align the business with its strategic needs as well as initiating a number of actions to achieve substantial cost savings which will be largely reinvested in the business to drive growth.

"I have completed a review of the business and formulated a clear strategic plan to deliver growth and improved profitability in the long term through a greater focus on customers, innovation and delivery."

Another gap to fill Harry!

JP Morgan Cazenove Neutral 500.40 580.00 570.00 Retains

Investec Hold 500.40 560.00 540.00 Downgrades

Yep, fairly glad I stayed out, but not much to attract me in at the moment.

(No idea why this is bold as haven't activated B feature)