Diploma is an anonymous name for a fairly anonymous business, distributing a range of controls, seals and other devices to a selected number of industries, from Canadian and Australian healthcare to the European automotive sector. It is one of those companies that operates under the radar of most investors, but those that have followed my advice and bought the shares in the past few years will have little to complain about.
They were sitting at 230p or so five years ago; they fell 55p to 792p yesterday after some cautious comments on the outlook and indications that growth, for perfectly good reasons, was beginning to slow.
Diploma aims to raise revenues by GDP and then a bit, which means that organic growth rate is muted