Stelrad – 2023 “pleased with the encouraging start”. Hmmm – how ‘pleasing’ and ‘encouraging’ really?
Describing itself as “a leading specialist manufacturer and distributor of steel panel and other designer radiators in the UK, Europe and Turkey”, Stelrad Group (SRAD) has issued a trading update including that it is “pleased that the positive start to the current financial year outlined at our full year results has continued” and that it expects “volumes in the second half of the year stronger than the first half”. So what of a currently little changed share price around 117.5p in response?
