…and some to hold, avoid or sell

De La Rue

Investors Chronicle

Shares in the banknote printer are down two-thirds, profits have nose-dived and the Serious Fraud Office is investigating its South Sudan business. It doesn’t help that societies are becoming ever more cashless. Sell. 150p.

Photo-Me International

Investors Chronicle

Although its laundry business continues to grow, the photobooth and vending specialist has been hit by the decision to allow passport photographs to be taken on a smart device at home. Sell. 85p.

RDI Reit

Investors Chronicle

This retail-focused real estate investment trust is battling “plummeting” valuations. It’s shedding assets in Germany at market value, but its UK portfolio has incurred a £33.6m revaluation loss. Sell. 127p.

Smithson Investment Trust

The Times

Smithson’s “carefully considered portfolio” includes FTSE 100 firms Rightmove and safety specialist Halma, as well as US credit data firm Equifax. Founded in October 2018, it has got off to a “strong start”. Hold. £12.10.

Spotify Technology

The Times

The music streaming service has 113 million paying subscribers, and “huge potential” in the Middle East, Africa and South America. Apple and Amazon are hot on its heels, but podcasts offer promise. Hold. $146.92.

Stock Spirits Group

The Times

This Eastern Europe-focused premium spirits producer is awaiting clarity on possible duty increases in key markets. Shares are reasonably priced with growth potential and a 3.9% yield, but “not quite inspiring”. Hold. 203.5p.