By Steve Moore | Monday 12 August 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 group describing itself as “a leading specialist manufacturer and distributor of radiators in the UK, Europe and Turkey” Stelrad (SRAD), in May last year with the shares around 117.5p I questioned how ‘pleasing’ and ‘encouraging’ really was the start of its year. The shares went on to fall to below 95p but had recently recovered to around 140p. So what of now first half of 2024 results currently seeing the shares back down to around 135p?
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