Four to buy
Diploma
The miserable ratings applied to many UK shares bode well for this “acquisitive” firm. A distributor of kit such as “gaskets, wiring and seals”, Diploma has snapped up 15 smaller firms in two years. Recent trading has been robust given the global economic backdrop. The 1.8% dividend yield may not seem exciting, but the payout has risen by 79% in two years and further “substantial” rises look likely. A valuation of 24 times earnings is
