Bonkers Bargains: AIM elder slumps on poor 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 disappointed 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 have fallen back again following news of delays in the hydrogen sector and continuing weakness in its struggling paper business. A degree of patience could bring big rewards. (Premium)
At first glance, an AIM quoted company dating back 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…
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