Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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17th March 2023 placing .
A total of 9,297,005 new Ordinary Shares (the "Placing Shares") have been placed with institutional investors by Barclays Bank PLC ("Barclays") and Numis Securities Limited ("Numis") (together, the "Bookrunners") at a price of 2,525 pence per Placing Share (the "Placing Price") raising gross proceeds of approximately £235 million.
Nice buy AllAtSea at 2600p hit 3300p early August back to 2800 now.
Telegraph tip 18th October 2023.
Sold the lot in March just after SVB for a very small loss and bought into distressed financials. Have now sold my distressed financials at a nice profit and regained my DPLMs for £2 a share less than my previous avg.
They only allocated £1 million, or less than 1%of the issue, to private shareholders, resulting in me getting a 25% allocation. This shows how much they value private investors. I will be selling my shares.
"Specialist distribution group Diploma (DPLM) can deliver growth even when the market backdrop is tough, says Hargreaves Lansdown fund manager Steve Clayton.
Diploma last week reported a strong first quarter, with group sales up 30% in the three months to the end of December generated by organic growth, recently acquired businesses and currency movements.
Clayton said he held Diploma in his £298m HL Select UK Growth fund because it ‘has a long track record of delivering growth even when times are tough’.
‘We won’t see too many businesses sounding so confident in their prospects in the current economic conditions, highlighting Diploma’s position as one of the UK’s highest quality industry companies.’"
https://citywire.com/funds-insider/news/expert-view-cheap-barclays-could-re-rate-fullers-hit-by-train-strikes/a2407352
I so want to believe them!
Bought a few more this morning. Got my average down a little.
"Technical products and services group Diploma delivered a "very strong" set of full-year results on Monday(21 nov), with both revenue and profits improving year-on-year."
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=11463954&type=bsm
I get that the markets are down in general but why on earth sell on such a good report??
..of these so bought more . Only for the sort of money Elon Musk wouldn't trouble to pick off the floor, unfortunately.
Today:
"Diploma is a key industrial play, says Berenberg
Industrial machinery group Diploma (DPLM) reported a record 2021 and Berenberg believes it can deliver more this year.
Analyst Joseph Bloomfield retained his ‘buy’ recommendation and increased the target price from £31.50 to £32 on the stock, which closed down 2.5% at £27.74 on Friday.
The group reported a record 2021, with revenue up 46% year-on-year and 2022 has ‘started strongly for the company too’ with first-quarter revenue growth of 16% and operating margin guidance of 18-19% maintained despite inflationary pressures.
‘While management is guiding to first half-weighted growth for 2022, we expect the demand outlook to remain bright throughout the year,’ said Bloomfield.
‘We continue to view Diploma as a key “buy” idea in the UK industrials sector, with the shares down by 22% from highs, trading on 29x 2023 earnings.’"
So the price drops. Just what I was looking for. I can't find any worse news! Might be time to get back in..
https://www.lse.co.uk/news/DPLM/diploma-ytd-underlying-revenues-grow-g1dv7iieskhdz5z.html
Alexandra Jackson mentions Diploma #DPLM at 6m05s in the latest PIWORLD interview
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-alexander-jackson-selecting-winning-stocks/
Or listen to the podcast here: https://piworld.podbean.com/e/piworld-interview-with-alexander-jackson-selecting-winning-stocks/
Excellent set of numbers - great way to start the week.
Held DPLM since 2012 and it's compounded well over 20% per year! Assuming the interim dividend is the same proportion of the full year dividend as historically then we may well see as much as a 38% dividend increase for the year as a whole. Perhaps that's optimistic, but they didn't say anything about rebalancing the payouts.
Once again a great set of figures and a dividend to boot - onward and upward.
I am in too.
"Diploma PLC ("Diploma" or the "Company"), the international group supplying specialised technical products and services, is pleased to announce the proposed acquisition of Windy City Wire Cable & Technology Products, LLC ("Windy City Wire" or "WCW"), a leading value-add distributor of premium quality, low voltage wire and cable in the US for up to c. £357m ($465m) (the "Acquisition")[1].
Diploma has also separately announced today a proposed equity fundraising of up to 10 per cent. of the issued share capital of the Company to part fund the Acquisition.
"
https://www.londonstockexchange.com/news-article/DPLM/acquisition-of-windy-city-wire-replacement/14694912?lang=en
The firm also noted the "excellent" first quarter contribution from Windy City Wire which is trading "very well" following a smooth transition into the company.
https://www.lse.co.uk/news/DPLM/diploma-makes-strong-start-to-year-focus-remains-on-acquisitions-u8wy2zul7a3q2y3.html
What is Windy City acquisition?
Great news this morning , so glad i held , been here a long time , solid company for the future .
Looks like the acquisition of WIndy City is going to be a winner - up 20% after a placing.
Once again a great set of numbers
Anyone any ideas whats behind the drop this week?
Strong figures for 2018 - definitely a hold.
Up a further 25% since my last post - what's not to like?
Bought in here a few weeks ago and no regrets. Excellent RNS and the future looks promising.