Dillistone Group – proposed fundraising, for now “a strategy based on growth through acquisition”?

Recruitment technology group Dillistone (DSG) has announced a “Proposed Placing and Subscription” it states is as “it plans to adopt a more dynamic strategy to extend its opportunities for growth by embarking on a strategy based on growth through acquisition” and as it’s to bring P&R Real Value fund as “a strategic investor… as it considers that P&R has a proven track record in this area”. What about this from a currently up to 9.5p share price?

Dillistone Group – “new loan from a related party”, just as “a prudent course of action” or desperately needed?…

Supplier of software and services to the recruitment industry, Dillistone Group (DSG) has issued an “AGM Statement” including that it is “pleased to report that trading is in line with management expectations for H1… by the end of May 2025 we had already secured new orders equivalent to over 60% of the total value of all new orders received in the previous year… remains confident in its ability to deliver performance for the full year in line with market expectations”. How does that compare to the valuation from a current 9p share price?

Dillistone (#DSG) – “pleased to report that trading is in line with management expectations”, but takes out a new related-party loan

Dillistone (#DSG) – 2024 improvement “comfortably in line with expectations”, “again operationally cash generative”

Dillistone – fundraising so “when the recruitment industry recovers, the group will be well positioned”. Er, will it?…

Describing itself as a “supplier of software for the international recruitment industry”, Dillistone Group (DSG) states that it “provides a trading update and is pleased to announce that it has agreed to raise GBP300,000 through the issue of convertible loan notes and £60,000 through the issue of new ordinary shares”. So it not also pleased to announce the trading update?, and what is it raising such new funds for?

Dillistone (#DSG) – market softness has continued into Q3, fundraising including convertible loan notes and equity

Dillistone (#DSG) – trading “marginally ahead of management expectations”, but market “if anything, has softened further in Q2”

Dillistone – AGM trading statement, was previous share price fall justified?...

Previously writing on recruitment software and services group Dillistone (DSG), a year ago with the shares falling to 22p I concluded management, recovery, Talentis and overall balance sheet uncertainties meant I continued to avoid. What now following an AGM update... and the shares currently up to 22.5p?...

Dillistone (#DSG) – improved trading “continued”… but no financial specifics

Dillistone – “signs of a return towards normality” in trading, share price fall justified?

An AGM statement from recruitment software and services group Dillistone (DSG) includes “we are pleased to see signs of a return towards normality in several of our key markets… cash balances of £0.95m at 31 May”. Is a current fall to a 22p share price, £4.3 million market capitalisation, justified?...

Dillistone Group – “net cash” & a new “highly competitive solution for the needs of recruiters globally”? Er...

Recruitment software and services group Dillistone (DSG) has announced results for 2020 and that “better than expected incoming orders in Q1 2021, improved operational leverage, a robust balance sheet and an enhanced product range gives the board optimism”. Why then are the shares currently, at 24p, approaching 8% lower in response?...

Dillistone – director share purchases, interesting developments... or not?

Recruitment software and services group Dillistone (DSG) has announced acquisitions of shares by directors of the company, with this following a previous update which included that “the board believes that the product enhancements delivered over recent months will put the business in a good position to enjoy long term growth as economies do rebound. As at 22 January 2021 the group had £1.5m in cash and at this point does not expect to need to raise additional funds”. Interesting developments?...

Dillistone Group – interims… & what about the previously “increasingly confident… will be transformational”?...

Dillistone Group (DSG) has announced results for the first half of 2020 emphasising “returned to profit (before acquisition related items)” and “we believe we are well positioned to deliver growth as we emerge from the current crisis”. What’s the detail from this recruitment software company?...

Dillistone – “Notice of Results”… so why are the shares more than 17% lower?

A “Notice of Results” announcement from recruitment software and services group Dillistone (DSG) – and the shares below 20p in response, more than 17% lower!...

Dillistone – updates including of ‘BIL Loan’ agreement; risk is priced wrong somewhere...

A “Bank Loan, Trading Update & Notice of Results” (“later in June”) announcement from recruitment software and services group Dillistone (DSG) – and the shares currently 18.5p in response, more than 12% higher...

Dillistone – having previously been confident of an adjusted pre-tax profit in both H1 and H2...

I previously wrote on recruitment software group Dillistone (DSG) in February when it updated including that it expects a 2019 adjusted pre-tax loss “of £0.30m (2018: profit £0.02m)… is confident that it will deliver a pre-tax profit prior to exceptional items in both H1 and H2 of 2020”. Now a “COVID-19 and Results Date Update”...

Dillistone (#DSG) – significant trading reduction over recent weeks, “does not anticipate, at this stage, seeking support from our investors”

Dillistone – I having noted GatedTalent financials and overall balance sheet concerns, now a “Trading Update”…

Previously writing on recruitment software group Dillistone (DSG), last month with the shares moving higher - above 30p - I concluded there’s scheduled to be a full-year trading update on 6th February – and I’ll review that re. the above concerns. For now, my stance remains avoid / sell. Those concerns were particularly ‘GatedTalent’ financials and the overall balance sheet…

Dillistone (#DSG) – expects 2019 adj. pre-tax loss of around £0.30m, argues “confident” of return to profit on this basis “in both H1 and H2 of 2020”

Dillistone – GatedTalent “major milestone” ‘delight’… but what about financials & the balance sheet?

Dillistone (DSG) is “delighted to achieve this major milestone… platform's membership pool - which features executives from more than 100 countries - has enjoyed significant growth in 2019, with 75% more "new signups" than in 2018… also saw a significant increase in connection activity on the platform in 2019, with executive members accepting more than 400,000 connection requests from executive recruiters”… and the shares have responded to currently above 30p, more than 10% higher on the day…