Strona Główna
|
Szukaj
|
Użytkownicy
|
Grupy
|
Galerie
|
Rejestracja
|
Profil
|
Zaloguj się, by sprawdzić wiadomości
|
Zaloguj
Forum Draco&Mates Strona Główna
->
Regulamin
Napisz odpowiedź
Użytkownik
Temat
Treść wiadomości
Emotikony
Więcej Ikon
Kolor:
Domyślny
Ciemnoczerwony
Czerwony
Pomarańćzowy
Brązowy
Żółty
Zielony
Oliwkowy
Błękitny
Niebieski
Ciemnoniebieski
Purpurowy
Fioletowy
Biały
Czarny
Rozmiar:
Minimalny
Mały
Normalny
Duży
Ogromny
Zamknij Tagi
Opcje
HTML:
NIE
BBCode
:
TAK
Uśmieszki:
TAK
Wyłącz BBCode w tym poście
Wyłącz Uśmieszki w tym poście
Kod potwierdzający: *
Wszystkie czasy w strefie CET (Europa)
Skocz do:
Wybierz forum
Forum
----------------
Regulamin
Pomoc
Pokój Wspólny
Nasza twórczość
HP
----------------
Książki HP
Ekranizacja książek J.K.Rowling
Galeria
Wszystko i nic
----------------
Zabawy
Ulubione
RPG
Humor
Zakazany Las
Krzyczące pudełko ;)
Przestarzałe
Przegląd tematu
<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Autor</th> <th class="thCornerR">Wiadomość</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>uhjs9hsiq</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="http://picsrv.fora.pl/Inheritance/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Wysłany: Pią 2:45, 11 Mar 2011<span class="gen"> </span> Temat postu: Central Bank Outsourcing Hits Right Note</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">The number of banknotes that are produced by private contractors is likely to double over the next two decades in a "gradual but remorseless" trend for central banks to outsource,<a href="http://www.orbto.com/" target="_blank" class="postlink">Software outsourcing companies</a>, according to De La Rue. <br />Although monetary authorities in key markets including the US, Russia and China were unwilling for security reasons to farm out production,<a href="http://www.orbto.com/software-outsourcing/php-outsourcing/" target="_blank" class="postlink">PHP outsourcing</a>, others were likely to follow the example set by the Bank of England, said James Hussey, De La Rue chief executive. <br />EDITOR'S CHOICE <br />In the job since the turn of the year, Mr Hussey said the banknote printer was well placed following a reorganisation and sale of its cash systems business. <br />Revenue in the six months to September 26 rose from ￡244.7m to ￡252.2m, while an "unusually favourable mix of work" helped operating profit rise 17 per cent. <br />However, the performance of its remaining cash processing operations – which made an operating loss of ￡1.6m ($2.7m) – disappointed analysts. The shares fell 16?p to 959p. <br />Mr Hussey said a recent ￡400m contract win to supply the UK's biometric passports was "the sort of thing I'm talking about in terms of the growth of our non-banknote business". <br />Interest charges weighed on the bottom line,<a href="http://www.orbto.com/software-outsourcing/java-outscourcing/" target="_blank" class="postlink">Java outscourcing</a>, and pre-tax profit fell from ￡47.2m to ￡44.2m. Earnings per share were 31.7p (220.5p),<a href="http://www.orbto.com/software-outsourcing/sharepoint-development/" target="_blank" class="postlink">Sharepoint outsourcing</a>, and the interim dividend rises from 13.7p to 14.1p. <br />● FT Comment <br />Famously secretive due to the sensitive nature of its work, De La Rue was typically coy on Tuesday on what had lifted operating margins at its currency division to an impressive 25 per cent. Cazenove, its broker, suspects "extraordinary political events". In any case, the performance is unlikely to be repeated. Further central bank outsourcing remains a long-term trend: liberalisation of the euro market will not take place until 2012. Security and identity products are the most likely drivers of medium-term growth. The shares have lost ground in recent weeks, leaving them yielding 4.5 per cent and trading on 13.1 times prospective earnings. Its main competitors,<a href="http://www.orbto.com/software-outsourcing/sharepoint-development/" target="_blank" class="postlink">Sharepoint software development</a>, including Giesecke & Devrient of Germany, are private companies and comparisons with the support service sector are not helpful. Only two of the independent analysts that cover the stock have a "buy" recommendation. The multiple seems about right for a cash-generative stock that should remain defensive.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="http://picsrv.fora.pl/Inheritance/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
fora.pl
- załóż własne forum dyskusyjne za darmo
Powered by
phpBB
© 2001, 2005 phpBB Group, modified by MAR
Inheritance
free theme by
spleen
&
Programosy
Regulamin
