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Eurocell – 2023 results, emphasises longer-term potential but what about the current outlook?…

By Steve Moore | Wednesday 20 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on window, door and roofline PVC products company Eurocell (ECEL), in September with the shares falling from 112.5p towards 100p on the back of half-year results I concluded that the prevailing trading outlook with already net debt suggested avoid/sell. The shares most recently closed at 114.5p and what about them currently down towards 110p on a 2023 results announcement headlined “Profits in line with expectations; strong cash flow”?

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