Modestly valued but why bother with a listing?
Recent interim results for the six months ending 30th September 2012 from the AIM quoted tube manipulation specialist were reasonably positive yet the shares appear to remain very modestly valued; buying opportunity or has Mr Market got it right?
A closer look at the numbers suggests that relatively little appears to have been achieved in terms of earnings growth over the past 5 years, although the general economic environment has hardly been supportive so that’s somewhat harsh.
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