Swedish investor Peter Gyllenhammar has increased his shareholding in LED lighting and rail engineering products provider LPA Group (LON: LPA) to 7.01%. The strong asset backing will be attractive to him.
He took a 6.19% stake in LPA at the beginning of July. The share price slumped at the beginning of October following a trading statement, and it is currently 59.5p.
LPA blamed supply chain problems for an anticipated loss in the year to September 2021 on a 7% reduction in forecast revenues to £18.3m. Also, orders have been deferred, although the order book is at a record level. A pre-t...
