Steady as She Goes for Two-Bagger Domino Printing Sciences

Firm forecasts full-year sales to be similar to last year.

Sam Robson
Sam Robson
Sep 14, 2012 at 12:00AM
Other

Domino Printing Sciences (LSE: 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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