Friday, January 6, 2012

Diary: Domino Prinitng Sciences

DNO (Domino Printing Sciences) has been nominated twice in the Motley Fool competition. It should be interesting to read the write-up. DNO trades on a PER of 13.7, with a ROE of 22%. There have been some interesting developments lately, so I thought I'd just trot out the latest news.

14-Dec-2011 Citigroup upgrades DNO from neutral to buy (not sure that's a good thing)

14-Dec-2011 Moneyshow runs the headline "A Rock Solid UK Dividend Stock".  It's website seems to be out of action, though.

19-Dec-2011 The website "Labels and Labeling" (I have to stifle a yawn just thinking about it) reports strong growth in Middle East, Africa and Asia, but declining sales in UK, Germany, and parts of North America. Record turnover and profits were reported, allowing the group to extend the range of new products, progress rationalization, and invest in the development of new inks. An investment of $50m was made in TEN Media, to participate in new opprotunities for egg coding in the US. Manufacturing facilities will expand in China and India. Their UK factories are close to capacity, and they intend to build a new factory. More people are being employed, principally in Asia.

Despite management's caution of the general economic slowdown, that all sounds very bullish to me.

03-Jan-2012 DNO acquires the remaining 5% of issued share capital of APS (Alternative Printing Services GmbH) for €831k. APS makes a range of thermal inkjet printers.

04-Jan-2012 PrintWeek reports that DNO's digital label press will be core to its offering in 2012 as the inket specialist looks to further boost uptake of the technology. "We've spent the last two or three years developing our product line and I anticpate 2012 will see further growth in the label part of the business and hope for a good level of uptake"

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