De La Rue (DLAR)

De La Rue News, Fundamentals and Discussion on:

De La Rue page on Interactive Investor
De La Rue page on Financial Times
De La Rue page on ADVFN
De La Rue page on London South East
De La Rue page on Bloomberg Markets
De La Rue page on This is Money
De La Rue page on Motley Fool
De La Rue page on Proactive Investors
De La Rue page on Reuters
De La Rue page on Stockopedia
De La Rue page on Google Finance
De La Rue page on Stock Market Wire
De La Rue page on TradingView
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De La Rue RNS, News and Media

Headline

23 May 2018
De La Rue PLC - Notice of Full Year Resultsfrom Interactive Investor
23 May 2018
RNS press release - Notice of Full Year Results from Proactive Investors
30 Apr 2018
De La Rue PLC - Total Voting Rightsfrom Interactive Investor
30 Apr 2018
De La Rue PLC - Holding(s) in Companyfrom Interactive Investor
30 Apr 2018
RNS press release - Total Voting Rights from Proactive Investors
30 Apr 2018
RNS press release - Holding(s) in Company from Proactive Investors
18 Apr 2018
De La Rue PLC - Update on full year outturn & UK passport tenderfrom Interactive Investor
18 Apr 2018
RNS press release - Update on full year outturn & UK passport tender from Proactive Investors
18 Apr 2018
News - De La Rue shares fall as it drops post-Brexit passport appeal, cautions on full-year results from Proactive Investors
9 Apr 2018
De La Rue PLC - Holding(s) in Companyfrom Interactive Investor
9 Apr 2018
RNS press release - Holding(s) in Company from Proactive Investors
3 Apr 2018
De La Rue PLC - Total Voting Rightsfrom Interactive Investor
3 Apr 2018
RNS press release - Total Voting Rights from Proactive Investors
3 Apr 2018
News - De La Rue challenges UK government on award of £490mln post-Brexit passport contract from Proactive Investors
29 Mar 2018
De La Rue PLC - Completion of paper transactionfrom Interactive Investor
29 Mar 2018
RNS press release - Completion of paper transaction from Proactive Investors
27 Mar 2018
De La Rue PLC - Director/PDMR Shareholdingfrom Interactive Investor
27 Mar 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
22 Mar 2018
De La Rue PLC - Update on UK passport tenderfrom Interactive Investor
22 Mar 2018
RNS press release - Update on UK passport tender from Proactive Investors
20 Mar 2018
De La Rue PLC - Directorate Changefrom Interactive Investor
20 Mar 2018
RNS press release - Directorate Change from Proactive Investors
20 Mar 2018
News - De La Rue shares drop as banknotes firm sneaks profit warning into news of CFO's resignation from Proactive Investors
28 Feb 2018
RNS press release - Total Voting Rights from Proactive Investors
28 Feb 2018
RNS press release - Additional Listing from Proactive Investors
1 Feb 2018
RNS press release - De La Rue Secures Strategic Relationship in Paper from Proactive Investors
31 Jan 2018
RNS press release - Total Voting Rights from Proactive Investors
31 Jan 2018
RNS press release - Additional Listing from Proactive Investors
30 Jan 2018
RNS press release - Additional Listing from Proactive Investors
9 Jan 2018
RNS press release - Holding(s) in Company from Proactive Investors
2 Jan 2018
RNS press release - Total Voting Rights from Proactive Investors
2 Jan 2018
RNS press release - Block Listing Six Monthly Return from Proactive Investors
1 Dec 2017
RNS press release - Total Voting Rights from Proactive Investors
21 Nov 2017
RNS press release - De La Rue - Pension Indexation Update from Proactive Investors
21 Nov 2017
RNS press release - 2017/18 Half Year Results from Proactive Investors
14 Nov 2017
RNS press release - Holding(s) in Company from Proactive Investors
8 Nov 2017
RNS press release - Notice of Half Year Results from Proactive Investors
31 Oct 2017
RNS press release - Total Voting Rights from Proactive Investors
12 Oct 2017
RNS press release - Holding(s) in Company from Proactive Investors
6 Oct 2017
RNS press release - Holding(s) in Company from Proactive Investors
5 Oct 2017
RNS press release - De La Rue to supply polymer substrate new £20 note from Proactive Investors
2 Oct 2017
RNS press release - Total Voting Rights from Proactive Investors
22 Sep 2017
RNS press release - Notice of Capital Markets day from Proactive Investors
31 Aug 2017
RNS press release - Total Voting Rights from Proactive Investors
18 Aug 2017
RNS press release - Additional Listing from Proactive Investors
1 Aug 2017
RNS press release - Total Voting Rights from Proactive Investors
25 Jul 2017
RNS press release - Additional Listing from Proactive Investors
20 Jul 2017
RNS press release - Result of AGM from Proactive Investors
20 Jul 2017
RNS press release - 2017 AGM Statement from Proactive Investors
14 Jul 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
14 Jul 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
30 Jun 2017
RNS press release - Total Voting Rights from Proactive Investors
30 Jun 2017
RNS press release - Block Listing Six Monthly Return from Proactive Investors
28 Jun 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
16 Jun 2017
RNS press release - Annual Financial Report from Proactive Investors
8 Jun 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
6 Jun 2017
RNS press release - De La Rue Appoints Chief Operating Officer from Proactive Investors
31 May 2017
RNS press release - Total Voting Rights from Proactive Investors
23 May 2017
RNS press release - Full Year Results from Proactive Investors
23 May 2017
News - Plastic notes give some zip to De La Rue from Proactive Investors

De La Rue Charted

De La Rue Discussion on Interactive Investor

Activist Crystal Amber says De La Rue vulnerable to takeover by IOMINVESTCOM

  Tue, 01 May 2018 18:20:00 GMT

Activist Crystal Amber says De La Rue vulnerable to takeover
Tue, 1st May 2018 18:27

* Crystal Amber's Richard Bernstein says met with De La Rue CEO

* Bernstein says "hugely attractive" business


* Crystal Amber to continue to increase stake

By Maiya Keidan

LONDON, May 1 (Reuters) - Activist investor Crystal Amber on Tuesday said De La Rue was "highly vulnerable" to a takeover after disclosing a stake in the company that makes banknotes and passports, the group's fund manager Richard Bernstein told Reuters.

Crystal Amber on Monday revealed a 3.11 percent stake in De La Rue, which recently issued two profit warnings and lost the contract for Britains' new post-Brexit blue passports to Franco-Dutch digital security group Gemalto.

Bernstein said he told De La Rue Chief Executive Martin Sutherland at a meeting on Tuesday that the company had made itself "highly vulnerable" to a takeover from one of its competitors unless it makes changes.

"It is a hugely attractive business," Bernstein said. "We want to see the market rating this company higher because otherwise it's going to get taken over soon."

"If you set this business up from scratch with the contracts it has, and its customer base, you'd be looking at 900 million pounds ($1.23 billion) to a billion (pound) value and the market values it at 530 million (pounds)."

A spokesman for De La Rue said: "The Board and management maintain regular dialogue with our shareholders and remain focused on executing on our strategy which will deliver long-term shareholder value."

France's Oberthur Technologies made an attempt to buy the company in 2010 at 935 pence per share -- an offer that De La Rue management rejected.

De La Rue, which prints 7 billion banknotes and 15 million passports a year, issued a profit warning on March 20, sending its shares plummeting 14 percent, and a second profit warning on April 18, prompting the stock to fall another 6.3 percent.

De La Rue's shares ended down around 1.1 percent on Tuesday.

Bernstein said Crystal Amber, which has 250 million pounds in assets under management, would continue to increase its stake, with the aim of being a top two or three shareholder.

($1 = 0.7345 pounds) (Reporting by Maiya Keidan, additional reporting by Paul Sandle. Editing by Jane Merriman)
By IOMINVESTCOM

Re: Lost by gamesinvestor

  Thu, 19 Apr 2018 13:21:00 GMT
"What the french government do is up to them."

It is indeed, that is why they play the EU ambassadorial role yet in the background stick two fingers up under the table cloth to the rules and regulations and heavily look out for their industry.

The UK couldn't possibly have the governmental gumption to think similarly, rather they will act subserviently to the monster that's been created.

Games
By gamesinvestor

Complacency by Richard Woollaston

  Wed, 18 Apr 2018 15:39:00 GMT
What a dreadful display from De La Rue management. I assume they knew who they were bidding against and their comparative strengths and weaknesses, but failed to exploit their strengths. The contract was theirs to lose and they lost it. Such is the often almost casual display of ineptitude that haunts much of British business - there is no real hunger for the fight.

I'm glad I'm not a shareholder.
By Richard Woollaston

Re: Lost by pyueck

  Wed, 18 Apr 2018 10:33:00 GMT
What the french government do is up to them. Can't see the national security concerns should mean that only a UK company can do this work, sure appropriate safeguards can be put in place.

In any case DLAR makes other countries passports, should their concerns prevent DLAR from continuing this work?

Maybe the government after Brexit should see the impact on jobs as a key factor in procurement, I wouldn't be totally against this. But it's not where we are at present, government bids are open to all, and many British companies also win bids abroad.

For DLAR to argue that this should be a special case made no sense to me at all. From what I have heard DLAR's bid was significantly more than the winner. Now obviously not all low bids are the right ones, and maybe there were genuine reasons why DLAR should still have been selected. Using the argument that they are French and we are British is not the right argument in my opinion, and by using it I think management looked desperate and have ended up looking silly.
By pyueck

Re: Lost by gamesinvestor

  Wed, 18 Apr 2018 08:35:00 GMT
"Is your argument that the government should always award all contracts to British companies?"

No, but in this case it should have thought more seriously about it and the question of national security, and the message it sends to the general public"

It's not an EU legal issue either, as the French won't allow theirs to be printed outside of France.

Games
By gamesinvestor

Re: Lost by pyueck

  Wed, 18 Apr 2018 08:16:00 GMT
Games - strongly disagree. Think management have made themselves look very silly.

Why should the British passport only be awarded to a British company? Is your argument that the government should always award all contracts to British companies?

I think DLAR got it's strategy wrong. I believe they thought they could bid high knowing that politically it may not be an easy ride if the Government awarded the contract to a foreign company after hailing the blue passport as a sign on Britishness.

DLAR probably thought they could make a tidy sum therefore and didn't anticipate the government in my opinion bravely choosing the non-politically easy option.

For DLAR to then start arguing the toss, largely on political grounds, going to the media etc was ridiculous and embarassing. Let's not forget that the company makes passports and banknotes for lots of other countries, should DLAR not be able to bid for those, or does the protectionism they are seeking only apply to the UK?

I wish DLAR well, and in this industry contracts come and go.
By pyueck

Lost by gamesinvestor

  Wed, 18 Apr 2018 07:20:00 GMT
They've given up!

https://www.telegraph.co.uk/business/2018/04/18/de-la-rue-wont-fight-loss-uk-passport-contract/

It's going to the French - what a massive embarrassment and a testament to the state of British Government - well it's not really British is it, they no longer represent this country do they?

Games -- The vast majority in the commons and the Lords seem hxll bent on destroying all powers in this country.
By gamesinvestor

Re: Blue Passports by Tea42

  Mon, 26 Mar 2018 12:14:00 GMT
Are you hinting that this is the reason for the resignation of the Chief Financial Director?

In my experience CFDs are experts in all matters including "How to lose business in one easy lesson"

Tea42
By Tea42

Re: Blue Passports by Triggers broom

  Mon, 26 Mar 2018 08:31:00 GMT
"Does nobody think there is a possibility that De La Rue thought:

1) This blue passport will be very high profile
2) For the government not to award it to a British company after trumpeting the thing as a sign of 'Britishness' would be unthinkable
3) They thought let's therefore bid a high bid as there is pretty no competition in the UK against us, whatever price we bid we must win"



My thoughts exactly pyueck.

The board of DLAR took the government for mugs and probably saw an opportunity to make a bit more profit. To then come out and whinge that the British passport must be made by a British company ranks of hypocrisy when they make about 40 other nations passports.

I'm disillusioned with this management following the snide profit warning and arrogance shown over this contract so as soon as the SP recovers sufficiently I'm out.

Reading the twitter commentary during the blue passport made me ashamed to be a DLAR shareholder.

Tb
By Triggers broom

Re: Blue Passports by Son of a tiger

  Sun, 25 Mar 2018 18:41:00 GMT
I have heard that although a French company has won the tender, the passports themselves will be printed in Fareham, Hampshire where the French company has a printing works. Any posters to this board able to confirm.
By Son of a tiger

Re: Blue Passports by pyueck

  Sun, 25 Mar 2018 12:54:00 GMT
Does nobody think there is a possibility that De La Rue thought:

1) This blue passport will be very high profile
2) For the government not to award it to a British company after trumpeting the thing as a sign of 'Britishness' would be unthinkable
3) They thought let's therefore bid a high bid as there is pretty no competition in the UK against us, whatever price we bid we must win

ergo

4) The unthinkable happened.

To be the moaning over this is purely political. Yes I agree the UK is one of the only countries that actually applies the EU rules, try starting a company in Italy and you will see what I mean!

However the idea that after Brexit, the government will only procure things from British companies is just not correct. So apart from the fact that the passport tendering is high profile, why would it make any difference.

And lets face it Whitehall is full is left leaning remainers. They would like nothing more than to disrupt the patriotic fervour of leavers. That may have a lot to do with it.

I am a leave voter if you were wondering (wink wink )

By pyueck

Re: Blue Passports by gamesinvestor

  Fri, 23 Mar 2018 15:30:00 GMT
Coop - correct.

Sadly there's no one to vote for they all seem so thick.

Farage is hugely controversial, but at least he is actually quite intelligent and can see the EU for the scam that's turned out to be.

Games
By gamesinvestor

Blue Passports by Cooperator

  Fri, 23 Mar 2018 08:18:00 GMT
The excuse that we are required to open the tender to all EU countries
is nonsense. As the CEO of De la Rue pointed out they were not allowed to
tender for French or German Passport as those countries envoked
security issues as the reason to retain the contract in their countries.
One of these days the message will get through about the incompetence
of the Tory Government in every respect.
By Cooperator

Re: Blue Passports by gamesinvestor

  Fri, 23 Mar 2018 08:07:00 GMT
"It is all down to the rigid EU."

Are the dim witted British the only one's that follow the EU rules then?

Seemingly British companies can't bid for French passport manufacture.

Games -- You couldn't make it up -- what's the point of voting?
By gamesinvestor

Re: Blue Passports by Cher Eugene

  Thu, 22 Mar 2018 13:44:00 GMT
It is all down to the rigid EU. The Government had to put this out to tender to all EU members and accept the lowest tender. If they accepted a higher tender then they could be fined huge sums via the ECJ.

Bring on Brexit A.S.A.P. or quicker if possible.
By Cher Eugene