Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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De La Rue

July 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DLAR
  • Price:
  • 88p
Banknote printer and Authentication Products group De La Rue reported year ended March adjusted operating profit of £36.4m  in line with expectations. The highlight was the 30% year on year profit growth from its ongoing divisions; 20% in Currency and 44% in Authentication. Eps were 13p (FY’21: 14.7p), while net debt was £71.4m (FY’21: £52.3m). Within Currency, sales fell 2% to £281m, with the banknote market falling back to normal levels following the high demand in the pandemic, while staff absences in the UK & Malta in December and January affected production. However, the more profitable polymer volumes (its plastic tear-proof bank notes) grew 40%.Authentication revenues (tax stamp printing to avoid tobacco smuggling) ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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