Steady as She Goes for Two-Bagger Domino Printing Sciences
Domino Printing Sciences (ISE: DNO.L) shares are up 2.5% this morning, at the time of writing, to 584.50 pence from yesterday's closing price of 570.50 pence, after releasing its interim management statement.
The industrial coding, printing, and marking company reported that like-for-like sales over the last 10 months have increased by 1% from the figures in 2011, although movements in average rates over the period resulted in a 1% decline.
Elsewhere, equipment revenues decreased by 2% from the same period last year, as "market conditions remain fragile" and "customers' confidence to make investment decisions is low."
However, June saw the acquisitions of Graph-Tech -- a technology and product-development-based company -- and PostJet, which is "working on major opportunities in large postal markets;" its continued commitment to key investments contributed to Domino upping its half-year dividend by 10%.
Domino reiterated that it forecasts the full-year sales to be similar to last year, despite current market conditions, of which they remain cautious; and, with an expected full-year dividend yield of 3.55% (barring any wild swings in fortune), investors seem happy to pile in to this company that's doubled its share price since 2008.
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The article Steady as She Goes for Two-Bagger Domino Printing Sciences originally appeared on Fool.com.Sam holds no shares in any of the companies mentioned. The Motley Fool owns shares in Domino Printing Sciences.The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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