Investment Thesis
De La Rue (DELRF), established in 1821, is a relatively small company which plays three incredibly important roles in the world economy. Firstly, it is responsible for printing secure paper currency for countries around the world. Secondly, it designs, manufactures, and delivers passports for a similarly broad range of countries. Finally, it provides product authentication solutions (including security labels) to companies and organizations.
The company is cheap based on earnings and has a wide competitive moat. While it faces challenges in the future, its shares would appear to provide excellent potential