Saturday, March 5, 2011

DPLM.L - director purchases

There was another director purchase a couple of days ago: Iain Henderson, a director, bought 25k @ 276p = £69k

Some recent notes by me:

*** 05-Mar-2011 SP 275.5p, MKT 312m, PE 14.6, YLD 3.3%, BSR 0.47, Z 5.8, 2011F +15%, 2012F +9%

*** 12-Jan-2011 IMS: Against a weak comparative, Group revenues in the quarter ended 31 December 2010 are 25% ahead of the comparable period in FY2010. ... Margins also strengthened, largely driven by operational leverage. ... Outlook: The continuing strength in revenues and operating margins, together with contributions from recent acquisitions, provides confidence that the Group should achieve good progress in 2011.

*** 12-Dec-2010 Acquires Carsen Medical Inc ("CMI"). Its revenues were £8.3m and PBT £0.7m. Consideration: £14.2m cash, and a further max of £1.9m deferred, contingent of operating profit. "This acquisition provides an excellent opportunity to build a broader and more substantial business erving the growing GI Endoscopy market across Canada".

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