Bonkers Bargains: poised to recover with a new CEO
Don’t be fooled by the 175 year history, this elderly business has a reputation for innovation and hides some exciting technically advanced products and a world class business, which unfortunately lies hidden in a very ordinary one! The shares have been a big disappointment since our original coverage but continue to possess heaps of potential, justifying their status as a Bonkers Bargain. Having staged a strong recovery in the final months of 2023, the shares have fallen back again in 2024 following news of delays in the hydrogen sector and continuing weakness in its struggling paper business. News of the appointment of a new CEO with a proven track record should help encourage greater interest. A degree of patience could bring big rewards, as our commentary here highlights. (Premium)