De La Rue Seeks Block Listing for Share Increase

De La Rue ( (GB:DLAR) ) has shared an update.

De La Rue has applied for a block listing on the London Stock Exchange to increase its ordinary shares by 2,010,000 as part of its Investor Returns Plan 2023. This move is expected to enhance the company’s financial flexibility and potentially improve its market positioning by aligning with investor interests.

Spark’s Take on GB:DLAR Stock

According to Spark, TipRanks’ AI Analyst, GB:DLAR is a Neutral.

De La Rue’s overall stock score is largely influenced by its poor financial health, marked by declining revenues and net losses. However, technical analysis shows some bullish momentum, and strategic corporate events hint at potential improvement. Despite these positives, the negative valuation metrics and shareholder changes present notable concerns.

To see Spark’s full report on GB:DLAR stock, click here.

More about De La Rue

De La Rue is a company operating in the security printing and papermaking industry, primarily known for producing banknotes and secure documents. The company focuses on providing secure and innovative solutions for currency, identity, and brand protection to governments and businesses worldwide.

Average Trading Volume: 1,488,389

Technical Sentiment Signal: Buy

Current Market Cap: £253.4M

For a thorough assessment of DLAR stock, go to TipRanks’ Stock Analysis page.