10 March 2021 - loan repayments

Shares in the AIM-listed plastics products group continue their upward momentum, rising to 11.75p on the news that the company has repaid some of its outstanding loans.  The group recently disposed of two businesses and it has used some of the proceeds to repay the mortgage on its property in Haydock of £1.6m and also £500,000 of the CBIL loan.  The remaining balance of the latter of £433,333 will be repaid this year.  The repayment of the mortgage will save capital and interest payments of £300,000 per annum.  The . . .

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