17 January 2012 – trading update
The niche plastics group has confirmed that despite trading conditions remaining difficult, the company is continuing to trade broadly in line with market expectations. New business is helping to offset a general weakening of demand and the sales pipeline remains strong. Cash flow also remains strong so that group debt is falling faster than expectations. A confident statement by the chairman also bodes well. The share price has fallen from 97p last June making the shares look attractive once again. BUY.