News blog
Straight
- BY: Andrew Hore |
- POSTED: 20/12/2011 |
Recycling containers maker Straight says that second half sales have been lower than expected.
Full year sales will be 9% below the £30.7m reported in 2010. Margins continue to come under pressure and operating profit will be lower than forecast.
There were problems integrating the factories acquired in 2010 but these should be over.
Orders have improved in the fourth quarter and credit facilities have been renewed.
At29.5p a share, down 7.5p, Straight is valued at £3.51m. The shares have lost more than two-thirds of their value over the past year.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2011_27.pdf
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