The company’s trading update highlights that having seen resilient trading in its first half, Q3 has started to experience softening demand from oil & gas customers. We have reduced our forecasts for 2020 in light of the update, with a 22% forecast revenue reduction and the EBITDA loss widening from £0.3m to £0.5m. Our 2021 forecasts are conservatively flat. Good progress continues to be made in the aerospace sector, while the relocation and expansion of the Bicester fac
