RE: Share price30 Dec 2021 19:34
Yes I agree it's not a traders share and the price has always moved slowly. I feel its undervalued given the fundamentals and the last set of numbers should have seen it move up as its undervalued against all its peers.
The s****horpe site has a full order book of high margin work and the electrical business is returning more capital than ever. The main walsall site has been well restructured and is making significant progress into weights and cookware markets and the restructured board seem to be breathing new life into a business that had become too dependent on automotive contracts with low margins.
Given that the business is currently trading profitably I am at a loss to understand why its priced at far less than its asset value ??
I cant see anything in the accounts that rings alarm bells and I cant see what's holding it back unless there is significant selling that I have missed ??
I think it may be time to top this one up and sit tight ???