Shares in banknote printer De La Rue (DLAR) climbed 6 per cent to 952p as investors decided that no news was good news after management reported that trading in the past four months was in line with expectations, giving results similar to the prior period.
IC TIP:
Sell
at
952p
That said, the company warned that the banknote paper market remained challenging and that excess capacity was putting pressure on prices. Also, some orders that were delayed last November have not yet materialised. Still De La Rue's bosses reckon that the order intake was satisfactory and some delayed orders have now started coming through.
