A subtle development and more importantly for investors community is – IR seems in place per press release – Dickenson. Surprisingly there wasn’t any formal announcement though.
Here some details about agency and clientele.
https://dickensonworld.com/freezone/news/
This is also evident from press release and hopefully Annual Report to reflect similar quality and help us understand company better.
While cost of hiring IR is a factor, here it shows management intent to communicate better with markets, a very positive step imo.
On a quick glance – One of quality fast grower who has seen a client with them is Armaan. Here is pre and post hiring view , while Armaan has delivered well and stays core reason, a good IR helps too.
Meaningful event in last year+ or so
- 8+ qtrs steady performance and quality of growth, sales and margins growth despite commodity going haywire
- Vishay concentration reduction – not far away it was near 50% type revenue
- EU and Asia picking very well – geo diversification ( details in last qtr deck)
- Market communication and now IR ( recent and wip)
- Brownfield expansion in FY21- FY 22 to increase capacity multifold – internal accruals
- Efficient and realted capital allocation in recent acquisition of JV to WoS
- Competetitive intensity limited given entry barriers, consolidation during covid impacts( UK Redbourn closing), and likely negative impact by recent geopolitics events ( e.g. Germany players)
Product, opportunities and moat/capabilities/ entry barriers have been well discussed in forum, forward looking they are well placed to play key themes of EV/BMS, Smart meters etc.
Invested and excited about possibilities, aided by management intent/steps taken.
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