Shares in ‘personal care, beauty and fragrance products’ company Creightons (CRL) were a tip in July, including us then concluding that, with gross margin improvement and a hopefully improving macroeconomic environment, we looked for recognition of the potential for, or/and delivery of, profit recovery to spark the shares from 25p. What now of an “Update on first half trading performance” helping the shares currently up to above 35p?
I was previously positive on shares in engineered electronics company TT Electronics (TTG) but changed stance in May and most recently noted yesterday that it ‘expects full-year “at the lower end of… previously stated range”, but that’s a range already lowered less than two months ago’! Now “possible offer” news.
Last week a “Trading Update” from industrial electronics company Solid State (SOLI) included it arguing it “trading in-line with market expectations for the full year” to end-March. With the shares then at 220p, I questioned that including noting the level of pipeline orders it needed to convert in the second half in a stated “challenging” prevailing trading environment and concluded, on a risk versus reward basis, avoid/sell. Now already a further “Trading Update”. Uh oh!…
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