Wow, encouragement from the oil and gas arena-another strong recovery story!
The designer and manufacturer of speciality engineering solutions for high-pressure systems serving large global markets has issued what amounts to an encouraging full year trading update for the financial year ending 3 October 2015. With the share price having fallen dramatically over the last year the valuation has clearly been factoring in a scenario that is not as bad as many anticipated. With plenty of free cash set to be generated over the next few years this business offers plenty of recovery potential.
Previous article Next article
