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De La Rue: 1 director
A director at De La Rue sold 26,375 shares at 84p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
- MarketLine Department
Orell Fussli AG - Strategy, SWOT and Corporate Finance Report
Summary Orell Fussli AG - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Orell Fussli AG (Orell Fussli) prints banknotes, security documents, and industrial systems which are used for creating individual documents. The company constructs, produces, installs equipme...
- Sacha Morris
Hybridan Small Cap Feast 11/08/2023
Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Announced ITF 4 August: Tan Delta Systems plc, a Sheffield based Company intends to IPO on AIM. Tan Delta has developed an innovative and differentiated monitoring solution based on real time oil analysis and analytics that offers equipment operators enhanced insight into the maintenance status of their equipment and thus the ability to reduce maintenance costs, improve reliability and reduce carbon footpr...
- Andy Hanson
- Bob Liao
- Mike Allen
- Rachel Birkett
- Robin Byde
- Robin Savage
Zeus Top Picks for 2022: 2021 review and outlook for 2022
In early 2021 we set out our top stock picks for the year. From the date of that note to 31 December 2021, the average performance of our ten top picks was 32.0%, outperforming the AIM All-Share and FTSE All-Share by 29.4% and 21.5% respectively. In this note we discuss our 2021 picks’ performance, equities trends in 2021, and our outlook for 2022, before setting out our new top picks for 2022.
DE LA RUE PLC sees an upgrade to Slightly Positive due to a better fun...
The general evaluation of DE LA RUE PLC (GB), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 24, 2021, the closing...
- Toby Thorrington
De La Rue - Securing the future
De La Rue remains challenged. New management has to navigate a difficult Currency market and consequent concern over its finances. The swift response in terms of a turnaround programme is a positive start, accelerating cost cutting initiatives and cash management measures, including suspension of the dividend. Restoring stability and rebuilding confidence in the investment case is likely to take some time.
De La Rue - Challenges continue
De La Rue has announced that its H120 profitability continues to be challenged and that market expectations for FY20 remain significantly too high. With no detail on the factors driving the weak performance, we are placing our forecasts under review pending H120 results on 26 November. With the arrival earlier this month of the new CEO, Clive Vacher, management is undertaking a detailed review of the business and we expect to hear at least initial thoughts on this with the H120 results. A full r...
- Andy Chambers
De La Rue - Withdrawal from subscale activity
De La Rue has announced it is selling its International ID Solutions business for £42m. Following the loss of the UK Passport Contract last year, the remaining activities lacked critical mass in a consolidating sector and disposal to Assa Abloy has been deemed to be the most favourable solution. The deal will be earnings dilutive as the passport contract winds down and by the end of FY20 there will be no contribution from ID Solutions from FY21. Our EPS for FY21 is reduced by 8% to 31.9p.
- Andy Chambers
De La Rue - Venezuela costs dearly
Despite delivering close to our expectations for FY19, De La Rue has hit another problem which undermines prospects for FY20. The abrupt end of the overspill supply to Venezuela due to sanctions not only leaves the company £18m out of pocket, but also having to accelerate optimisation efforts to adjust to the new, lower but sustainable banknote print volumes by 2021. The result is a 22% reduction in our FY20 EPS estimates with declining revenues through FY21. Combined with the announced change ...
- Andy Chambers
De La Rue - Tax stamp deals underpin PA&T growth
Following last week’s European contracts, the award of a sizeable five-year contract for tax stamps for the Kingdom of Saudi Arabia (KSA) further underpins management’s recent assertion that Product Authentication & Traceability (PA&T) would double its sales over the next three years. In addition, we visited the polymer banknote substrate operation near Bolton yesterday that showcased De La Rue’s strong position to deliver its increasing share in this fast-growing segment of the market. Bo...
Edison issues initiation on De La Rue (DLAR)
Edison Investment Research Limited Edison issues initiation on De La Rue (DLAR) 14-Jan-2019 / 14:19 GMT/BST London, UK, 14 January 2019 Edison issues initiation on De La Rue (DLAR) De La Rue (DLAR) continues to pursue a strategy that is transitioning the company to a less capital-intensive operation with a more diverse customer base and revenue streams, incorporating more embedded technology and IP. Underlying progress is apparent although masked by the disposals and the recent loss of the UK passport contract. The strengthening of the balance sheet enables appropriate M&A to augment what...
- Andy Chambers
De La Rue - Increasing focus on security features
H119 results demonstrate that management is delivering to its strategy. Strong order cover across the group suggests a sharp recovery in H219, enabling management to maintain expectations that it will meet market consensus. Longer-term contract wins also support the expectations for growth of the ongoing activities, passports aside. The shares trade on an undemanding 10.4x FY20e PER, supported by a healthy yield.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Brett Horn
- Brett Horn
Brexit Could Affect De La Rue’s Ability to Print Euros
The European Central Bank recently announced that in response to the United Kingdom's vote to leave the European Union, it is adjusting its rules on banknote printers. Essentially, preference will be given to banknote printers within the eurozone. Because De La Rue is based in the U.K., this could present some issues in the likely event of a Brexit. However, we think the impact, if any, would be quite limited. The central bank is maintaining some flexibility, and the rule does not appear to be a...
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