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Interesting that they mentioned in the last results that they were benefiting from business picked up from the Safestyle administration. You would have to expect that an Everest administration would be even more impactful.
Looks as though the strength of the balance sheet has put Eurocell in a position to take advantage of a less competitive environment when the bounce back finally arrives.
They were making fairly consistent 20m+ profits
until this year with the exception of FY20. With a bit of pent up demand, the cost saving measures and an increased market share… does 30m sound unreasonable in a year or two’s time? I don’t think so.
It’s not bud, you’ll still be posting this next year.
It's coming.
Someone just loaded up big time
No one can say you're not consistent Troisi
Bid defo coming.
Likely a YE trading update will land this week. I suspect it will show a difficult year but with optimism for 24. Some good growth in Garden rooms and SIP panel extensions should be on the cards.
There’s been a lot of buying activity over the last week or so. Possibly some RNS incoming?
Bid coming.
Should be a trading statement soon. I have a feeling that a bid is on the way.
Maybe Directors buying today means the downtrend is over
The equity has been in a secular downtrend since September 2021. The definiti on of a downtrend , is lower peaks and lower troughs, and ECEL, fits that definition. The equity does have some supposedly decent rallies, but they are in fact bear,rallies , suitable only for a trader, to make a quick profit, and sell. The simple way to recognise a trending up share is higher peaks and higher troughs.
With the demise of Duraflex Uk that volume will be spread around the remaining players, Eurocell in a good position to pick up various accounts, which will be extremely welcome in this current downturn. I'm likely to be topping my position up over the next few weeks to average down.
https://www.business-live.co.uk/manufacturing/eurocell-strikes-polyframe-deal-27179168
As a window of opportunity to sell my half my holding. My eyes were glazed over anyway scouring to see a recovery but this investment has frankly been a pane. Maybe a recovery will come now that I have half headed for the exit but I have lost faith here.
Likewise, good business and good market...
Yes it's not the most exciting share to hold but I have great hopes here LTH
GLA
Or if I say “Took opportunity to Average down”. Sounds better..
Derek obvs Averaging down but still enough to buy a small house. I am in for the long haul. I see consistent SP appreciation upon Half and Full year Results. Maybe not too much excitement until then. Steady away.
I've topped up again today - my biggest investment now
GLA
Agreed FF ad gives me confidence to call a bottom here. I am gong to punt these on a monthly investment and hopefully ride a wave up. 43% down on my investment having thought this a good recovery play at 250p I am now happy to try again. Strong buy.
Director just spent £96k at £1.42. That’s a fair purchase amount. Happy.
Invested here and satisfied with RNS. Agree with the Divi.
Superb yield here even if debt is high and there is a margin squeeze due to cost inflation. I will average down here as it seems to be performing well against tough comparatives. If the divi is maintained this will surely rise in tandem.
Seems to be plenty of big sells now, will be following house builders down..
yet still not progressing much SP wise. The divi will help even if it treads water and I am happy to accumulate at lower levels such as now. Buy.