Straight – 31p

4 February 2013 – contract win

The company has announced that it has been awarded a £1.7m contract with Serco to provide containers and other products for its Canterbury City Council contract.  This underlines the potential for Straight and we remain convinced that the shares are undervalued based on fundamentals.  Although investors require patience we feel that the true value of the business will ultimately be reflected in the share price.  We retain our BUY rating.

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