DCC: Catch this horse before it bolts once more

DCC’s results came out last week and, as always, didn’t disappoint. DCC has an enviable track record that has served long-term shareholders brilliantly – outperforming the market and delivering uninterrupted double to high-teen growth rates in earnings every year over the past decade.

In 24 years up to this year, DCC’s total return to shareholders was 6,450 per cent: no, there isn’t a decimal point missing there. It is a return 15 times that...