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International Investing: Buy Dillistone (DSG) if you can

Posted June 3, 2008

“It has a superb record… it is highly profitable… it pays a handsome dividend… it has cash in the bank…. and it is a global leader with every chance of growing its business both this year and for several years to come.” — Tom Bulford

Blogger’s note: Tom Bulford recently told his Penny Sleuth UK readers (Penny Sleuth UK is a free newsletter devoted to penny stocks) about an impressive company, with a slightly silly name, Dillistone Group (DSG: London), and I thought you’d appreciate a look. You can find the article here or read on for more.

by Tom Bulford

Baltimore and London – (TFN): I would love to be a shareholder in this company.

It has a superb record… it is highly profitable… it pays a handsome dividend… it has cash in the bank…. and it is a global leader with every chance of growing its business both this year and for several years to come.

The trouble is, I cannot get hold of any.

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The bid/offer spread is 150p-175p ($2.95-$3.44) and the normal market size is one thousand shares. So by the time I have allowed for dealing expenses the shares will have to rise by some 16% before I can break even.

This is an extreme case of the lack of liquidity that plagues many AIM (the London Stock Exchange’s Alternative Investment Market) penny stocks and the reason why, much as I would love to recommend these shares to readers of my Red Hot Penny Shares newsletter, I honestly can not.

A look at the annual report makes it pretty obvious why we have this problem. 62% of the shares are in the hands of the directors and a further 29% are held by ‘principal shareholders’ leaving a free float of just 9%. Read on to learn more.

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Posted by TFN-International · Filed Under International Investing 

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