Good morning!
This is the placeholder article, published the night before, to enable early comments and suggestions from readers.
Best,
GrahamPaul has interviewed the CEO and CFO of Tracsis (LON:TRCS) on his personal website. following the publication of their 2017 results. It’s available at this link.
Castings (LON:CGS)
Share price: 435p (-5.4%)No. of shares: 43.6 millionMarket cap: £190 millionHalf-year report
Checking my notes on this industrial group, I’ve generally made positive noises on it over the past year, while the market cap has been c. £200 million. Sadly, the outlook has been gradually deteriorating – see how the consensus EPS forecast has reduced from 35p to less than 30p:
It has two parts – casting and machining. The machining plant came to the conclusion of a large contract about a year ago, resulting in a lot of excess capacity which needed to be filled again.
This part of the business has failed to recover yet, as today it reports a loss of £1 million (compared to a profit of £0.8 million in the previous year).
If I’ve interpreted this correctly,…
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