Bonkers Bargains: shares bounce on trading update
Don’t be fooled by the 175 year history, this elderly business has a reputation for innovation and hides some exciting technically advanced products and a world class business, which unfortunately lies hidden in a very ordinary one! The shares have been a big disappointment since our original coverage but continue to possess heaps of potential, justifying their status as a Bonkers Bargain. The appointment of a new CEO with a proven track recod and an encouraging full year trading upate has lifted the shares, but there is s till a long way to go. Further patience could bring big rewards, as our commentary here highlights.
At first glance, an AIM quoted company dating back more than 175 years might not get the pulse racing, but this innovative business has plenty to encourage growth investors. The financial headlines and short term forecasts offer little idea of the true potential and one has to delve into the detail to fully appreciate its attractions. The latest "strategic realignment" should bring greater focus. Our in-depth Bonkers Bargain commentary below takes a deep dive and highlights the potential of this innovative AIM elder with significant exposure to the hydrogen economy. Background James Cropper PLC (AIM:CRPR) is an advanced materials and paper products group, with…