De La Rue remains challenged. New management has to navigate a difficult Currency market and consequent concern over its finances. The swift response in terms of a turnaround programme is a positive start, accelerating cost cutting initiatives and cash management measures, including suspension of the dividend. Restoring stability and rebuilding confidence in the investment case is likely to take some time.
06 Dec 2019
De La Rue - Securing the future
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De La Rue - Securing the future
De La Rue plc (DLAR:LON) | 81.0 -1.5 (-2.2%) | Mkt Cap: 158.8m
- Published:
06 Dec 2019 -
Author:
Andy Chambers -
Pages:
6
De La Rue remains challenged. New management has to navigate a difficult Currency market and consequent concern over its finances. The swift response in terms of a turnaround programme is a positive start, accelerating cost cutting initiatives and cash management measures, including suspension of the dividend. Restoring stability and rebuilding confidence in the investment case is likely to take some time.