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Plastics Capital

  • BY: Andrew Hore |
  • POSTED: 30/01/2013 |

Plastic components manufacturer Plastics Capital says that third quarter trading was broadly in line with expectations despite the tough trading conditions in Europe.

House broker First Columbus has shaved its full year profit forecast from £3.75m to £3.68m.

The company has established a plastic ball bearings manufacturing in China and invested £750,000 in a new production line for industrial films, which is due to open in May.

New contracts have been won for paper pathway bearings and camera lens bearings.

At 79.5p a share, up 7p, Plastics Capital is valued at £21.9m. The shares are trading on seven times prospective 2012-13 earnings and the prospective yield is 2.5%.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf

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