There is an old saying form Yorkshire I believe which goes where there's muck there's brass. Well it so happens today that we have had profits warning from waste group Shanks (SKS) and bank note printer and security group De La Rue (DLAR). Shanks expect to be about 15% below expectations while De La Rue are indicating a 25% profits shortfall.
It seems we are seeing a few more profits warnings, but these seem to be specific to these particular businesses so not necessarily any read through to other stocks. These are not stocks I am in or would necessarily recommend although I did look at De La Rue earlier in the year when I concluded it was potentially interesting but was not for me at the time. Today's profits warning has certainly taken the shine off it further but it might be worth a second look once the dust has settled to see if there is some value, but I note they have also cut the dividend too which is not good in my book.
Otherwise PayPoint (PAY), which I looked at in the earlier note on De La Rue, still looks a more interesting, modern alternative that continues to trade OK, albeit that it is more expensive.