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De La Rue

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When the government started printing money I thought a banknote printer would be a surefire winner! (Not quite, but I noticed the share price oscillated and bought on the dips.) However, the bad news seems to keep coming:

De La Rue boss quits.

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Well, after three and a half years I'm finally above water and out. 4% up plus 4% dividend. The company makes a profit but the board are committed to maintaining the dividend in the face of increasing pension liabilities, so capital investment may well suffer.

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