Plastics Capital (AIM:PLA) – trading ”broadly in line” and a modest rating
The plastics products group confirmed trading “broadly in line with market expectations”. The modest valuation suggests this is worth a glance at current levels
The trading update offered a degree of reassurance but didn’t exactly get the buyers out!
The Group’s Films division, which incorporates the newly acquired Flexipol business, is trading strongly and benefitting from improving margins.
The Industrial division is also seeing improved trading and they are hopeful of being able to announce a substantial new contract win during the second half.
Sales of creasing matrix…
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