17 January 2022 - trading update

Although we only recommended shares in the international engineering group last month in the newsletter at 123p, these have already moved up by 16% in just a month!  The recent trading update, covering the year to 31 December 2021, has confirmed that trading was in line with expectations as the recovery at the group continues.  Revenues for the year are expected to be £659m with both the Aerospace and Flexonics divisions performing as expected and the adjusted loss before tax is also expected to in line with forecasts.  Net debt at the year end is . . .

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