PLAYS OF THE WEEK UPDATE: Eleco (ELCO:AIM)

ELCO

Published date:
Thursday, January 31, 2008

Eleco (ELCO:AIM) 95p

The building materials specialist will post turnover and taxable profits, due mid-March, significantly ahead of last year. This despite lower demand for connector plate products, which sell to the weak UK housing sector. Other divisions – offsite construction and software – are performing strongly and the acquisition of Milbury Systems will boost Eleco’s precast concrete business. Roughly back to our original tip price of 94p (17 May’07), having been as high as 112p since, the shares remain inexpensive and attractive.

Other stories from : Plays of the Week
<< Back