23 September 2025 - interim results
We were surprised and disappointed with the trading update issued in July by this packaging machinery group. Shares in the company fell sharply on the announcement although at 267p we thought that the fall had been overdone. The shares have rallied on today's interim results' announcement though which is more encouraging. In the six months to 30 June, group revenues rose to £84.7m (2024: £60.0m) although the increase was all down to acquisitions made last year with like-for like revenues down to £48.3m (2024: £60.0m). This was the reason . . .
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