Bonkers Bargains: AIM elder jumps on encouraging 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! It also offers lower risk exposure to the booming hydrogen economy. 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. Having staged a strong recovery in the final months of 2023, the shares fell back again at the beginning of 2024 following news of delays in the hydrogen sector and continuing weakness in its  struggling paper business. The latest trading update suggests a more encouraging outlook with growth expected to resume across both businesses.  A degree of patience could bring big rewards, as our commentary here highlights. (Premium)