This morning’s Trading Update from this AIM-listed industrials company has seen its Broker up its ‘fair value’ for the group’s shares some 17% from 21.6p to 25.2p, 50% higher than last night's close.
The Wythenshawe, Manchester-based group is a specialist in the design, manufacture and supply of plastic products and has guided that the results for the year to end April 2023 will be slightly better than market expectations.
The group should see its robust balance sheet bolstered by a healthy cash and cash equivalents balance of £5m, compared to its £15.4m capitalisation.
Despite some ...
