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Diploma (DPLM) stock hits all-time high on soaring profits

By Jenni Reid

09:22, 22 November 2021

Diploma plc logo on phone
UK-based technical supply firm Diploma grew profits by 71% year-on-year in 2021 – Photo: Igor Golovnov/Alamy Stock Photo

UK-based technical supply firm Diploma (DPLM) was the top riser in the FTSE 250 in early Monday trading as it reported revenue and profit increases in its full-year results. 

DPLM stock was up 5.18% at a record high of 3,378p at 8:45 GMT. Its value has risen more than 50% in the year to date. 

That followed preliminary results for the year to 30 September, which showed adjusted operating profit 71% higher at £148.7m ($199.8m), while revenues of £787.4m reflected underlying growth of 12%.

Adjusted earnings per share rose from 56.4p to 85.2p, though free cash flow was slightly lower at 103%, down from 113%. 

Diploma’s dividend per share for the full year increased from 30p to 42.6p.

Business growth

Diploma, which is a group of businesses making products such as seal kits, electrical cable accessories and medical devices, said sales were up across its Controls, Seals and Life Sciences divisions. 


0.62 Price
-6.660% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Oil - Crude

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-4.250% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
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Spread 106.00


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+0.510% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Factors behind the rise included diversification initiatives at several businesses, strong performances by newly-acquired companies and a sharp recovery in Life Sciences due to increased access to hospitals and labs. 

Diploma spent £465m on a record 10 acquisitions over the year, including £348m on US low-voltage wire and cable firm Windy City Wire. 

Chief executive Johnny Thomson called it an “outstanding year in very challenging circumstances,” which included uncertainty in markets, labour shortages and the global supply chain crisis. 

The company said its outlook for the full year 2022 was unchanged at around 10% revenue growth and mid-single digit underlying revenue growth.

Read more: How businesses respond to supply-chain issues

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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