Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When I was somewhat younger, the world of “Danny” De La Rue (DLAR) was quite exciting. As you may (or may not) know, the original business run by Mr de la Rue in 1831 secured a Royal Warrant to produce playing cards…and you can guess how it rolled from there, via postage stamps and then banknotes. I am pretty sure that the company used to be in the FTSE 100 many years ago, but I have written a few times over the years about the challenges it has faced. As the c. 92% fall in the share price over the last five years shows, it correctly has been an aggressive avoid for a while now. Are today’s FY23 numbers showing anything different?
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