Castings remains the leading UK casting business with margins well above the industry average. It has a strong international customer base with 60% of sales exported directly to overseas customers and a further 20% exported indirectly. Currency issues have been an issue although the business largely prices in Sterling to suit their own customer’s hedging requirements. The shares are now trading on a PER of just under 12.5 and a yield of just over 3%. This looks attractive given the hist
