By Steve Moore | Tuesday 18 February 2025
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.
Most recently writing on iron casting and machining company Castings (CGS), in August with the shares falling towards 320p I concluded that ‘there is still likely strong balance sheet support but, with demand “potential for a slight increase in the autumn” now already to that “unlikely… before at least early 2025”, the trading trajectory suggests it prudent to continue to avoid’. The shares most recently closed at 288p and what about them currently further down towards 250p on the back of a “Trading Statement”?
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