1/2 year results Look pretty reasonable :-"""""FINANCIAL HIGHLIGHTS· Revenue +29% and adjusted operating profit*(1) +11%, reported operating profit +7%· Currency business delivered strong growth with revenue +36% and adjusted operating profit*(1) +16%, driven by high volumes- Banknote Paper volume +36% to 7,200 tonnes- Banknote Print volume +6% to 3.5bn notes- Polymer volume +570% to 400 tonnes· Identity Solutions and Product Authentication revenues +3% and +20%, respectively· Adjusted basic earnings per share +19% to 16.6p· Net debt £137.4m, up £16.5m from the year end due to higher working capital· Group 12 month order book of £363m as at September 2017 STRATEGIC AND OPERATIONAL HIGHLIGHTS· Increased investment in product development- R&D investment increased by 33% year on year- Joint product development and exclusive sales agreement with security features developer and manufacturer Opalux· Polymer momentum continues - signed 10 year contract to supply Safeguard® substrate for Bank of England new £20 notes· DLR Analytics launched in May gaining further traction, with 60 central banks signed up· Joint development agreement with Note Printing Australia for new Australian passport· De La Rue Authentication Solutions (previously DuPont Authentication) is performing to plan""""""Games
A new partnership and growth area? De La Rue and Opalux Announce Partnership24 Oct 2017De La Rue, the worlds leading anti-counterfeiting and security specialist for currency, identity and brand protection, is pleased to announce that it has entered into a strategic partnership with Opalux, a producer of premium first level security features. The partnership will incorporate joint product development and related sales execution on a global basis.Commenting on the new partnership, Ulrich Walter, the Product Director De La Rues Security Features and Identity Portfolio said: As a security business, we spend every day staying ahead of the counterfeiter across currency, identity, tax stamps and brand protection. One of our core strategic priorities is to grow our security features portfolio by investing in research and development, as well as partnerships. Opalux has an exciting technology that we believe can play a significant role for our global customers, as part of an integrated portfolio and multiple solutions from De La Rue.Opalux develops and manufactures tunable photonic crystals, smart materials that change colour in response to external stimuli. Based on this platform technology, Opalux has created a range of highly recognisable and secure features with distinct colour effects for government documents. Speaking about the partnership, Andrew Binkley, the Chief Executive Officer of Opalux said: We are excited to combine our leading edge technology and security features with De La Rues integrated portfolio and global reach. We look forward to working together to create a strong set of highly-differentiated solutions.
Re: Contract Won - for 10 years This contract is for 10 years apparently and so it is excellent news and may lead to similar contracts for other denominations in the UK or for other countries.
Contract Won!! Good news, hopefully this stock will start ticking upwards..
Anyone who might still be out there... This artice might interest you on DLAR[link]
New Strategy [link]
New COO [link] Johnson Controls guy.Seems to have had a +ve effect on the SP for today at least.With a bit of luck I'll break even on this again soon.Games - 707.5 as I type -- another 50p please!!
Re: Polymer please ignore the last post which is exactly one year out of dateGames
Polymer [link] Jun 2016London, 2 June 2016: Today the Bank of England has revealed the design of their new polymer £5 banknote that is being printed by De La Rue. Bearing an image of Sir Winston Churchill, the note design was unveiled by Governor Mark Carney at Churchills birthplace, Blenheim Palace in Oxfordshire.The New Fiver retains the portrait of Her Majesty The Queen on the front of the note whilst Churchill appears on the back. Games
Re: Trumps Wall It is not so daft as most people imagine.Nowadays you can add seismic detectors to easily identify tunneling and use drones to patrol from above with infra red heat sensors etc and only send out the men when and where there is an attempted incursion. A 2,000 mile fence/wall can be monitored effectively.
Re: Drop! if you see the chart, its all within the uptrend trading range really .....SAGE
Re: Drop! You're welcome Dav
Re: Drop! Thanks Trig!
Re: Drop! Google finance has thrown up this article which has presumed a link to today's drop[link] mere bagatelle compared to my GFRD slump yesterday though
Drop! Does anyone know whats going on here?