20 March 2024 - trading update
The AIM-listed specialist engineering group has announced that delays in delivering three rail contracts caused by the relevant customers will mean that the current financial year will see revenues be some £1.5m less than expected at £24.7m. This will mean that the current year is likely to result in break-even with figures for 2025 also likely to be adversely affected. Further guidance on the latter will be given in due course. Unsurprisingly, the shares have fallen back on the news. CEO Paul Curtis has purchased 10,000 shares at 66.9p . . .
This content is restricted to members only. We offer three packages from 1 month to a whole year of daily tips, market news and commentary, plus our monthly newsletters.
Registration is quick and simple HERE.
Already a member, log in HERE.
