DIPLOMA PLC (DPLM)

DIPLOMA PLC (DPLM)

Blog posts

Objections to Pay at Diploma and the Cost of Zero Carbon

My previous blog post covered the subject of criticism by Slater Investments of many current pay schemes. That at Diploma (DPLM) is a typical example. But at their Annual...

Bogle Death, Patisserie and Diploma AGM

The death of John Bogle has been announced at the age of 89. He wrote several very informative books on investment and was the founder of Vanguard which has grown into one of the largest mutual fund managers by promoting index fund management. He also promoted the idea that the investors should own the fund manager. He suffered from heart attacks from a young age, the first at age 31, and actually had a heart transplant in 1990. So in some ...

Halma (HLMA) and Return on Capital

Recently, I talked about Diploma (DPLM) and their calculation of adjusted return on capital. This morning Halma (HLMA) published their half year results and they also have a strong emphasis on return on capital, but in this case they call it “ROTIC” (Return On Total Invested Capital). This was down slightly at 13.4% and they define it as Adjusted Profit After Tax divided by Total Invested Capital. The latter is shareholders funds, plus retirement benefit obligations, less deferred tax assets, plus ...

Diploma (DPLM) and Return on Capital

Diploma Plc, a supplier of specialist technical products, issued its preliminary results for the year to the end of September today (20/11/2017). This company may not be a household name and hence can fall under the radar of investors. But it has demonstrated a consistent track record in recent years. Today was no exception. Adjusted earning per share were up 19%, and revenue was up 18%, although a significant proportion of the improvement was down to currency movements (they are a ...

AGM Reports

Diploma (DPLM) AGM Report 21/1/2017

I attended the AGM of Diploma Plc on the 18th January in the City of London at 12.00 noon. This will be a brief report because there was nothing exciting to report and I covered the AGM last year also. The company had a reasonably good year last year, helped a great deal by currency movements. Revenue up 15% at £382 million, helped by further acquisitions and £14m of currency moves. Underlying growth was only 3% with the seals sector being particularly ...

Diploma (DPLM) AGM Report 2016

I attended the Annual General Meeting of Diploma PLC (DPLM) on the 20th January in the City of London at 12.00 am. Diploma is a fully listed company with a market cap of about £760m and revenue of £333m last year. It produces and sells a range of specialist technical products. Historically it has obtained good growth from both acquisitions and organic growth. It seems to acquire typically small/medium private companies where the owners wish to sell, which are complementary to ...