19 March 2012 – contract win
The company has been awarded a contract to supply water saving products and associated services to Severn Trent Water. This will be worth in excess of £1m over three years, which is significant given the size of Straight. The shares are now higher than our favoured entry point, with our previous advice being to buy in below 35p. However, positive momentum continues to build and we retain our BUY rating at this level.