A global specialist in products and technologies to “make plastic smarter”.
27-Oct-2017 – 12.75p – £19.3m – PER 127.5
Trading Update – The Board now expects revenues for the year to end December 2017 to be approximately £8m (£6.8m last time). PBT to be significantly higher than current market expectations (due to leverage) – Not less than £350,000 for the full year (£123,000 last time). Also hasCash in the bank of £317,000.
First time I have come across this company, below my £30m usual Market Cap limit (was a quiet news day) – And this update seems encouraging. Will keep an eye on it.
15-May-2018 – 33.75p – £51.3m – PER 77.2
Trading Statement – Revenue up 17%, increasing marketing budget by £375,000.
Although this is on an impressive ride at present, on a PER of 77.2 I will remain Neutral here for now.
3-May-2019 – 6.6p – £10.2m – PER 14.8
AGM Statement – Confident of meeting FY expectations with significant growth expected in H2.
Only covering this as it had a £53.1m Market Cap last time I covered it. I will now cease coverage until I see it above £30m again, which could perhaps be never!
