AIM-quoted investment company Braveheart Investment (LON: BRH) believes it has spotted a bargain. It is acoustic and thermal insulation material manufacturer Autins Group (LON: AUTG) and Braveheart has taken a near-12% stake.
Autins main customer base is automotive manufacturers, so it has been tough in the past few years, although it is widening its customer base to include flooring and office interiors.
Lockdowns and semi-conductor shortages have hampered progress by reducing vehicle production with its knock-on effect on demand for Autins materials. Jaguar Land Rover is a client where demand has been hit. However, the company has developed materials for electric vehicles and that should boost volumes over the longer-term.
Braveheart already owned 1.1 million shares that cost £...