Castings remains the lead 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 customers’ hedging requirements. The shares are trading on a mid-teen rating, which is probably about right given this short-term set back but given the his
20 Aug 2014
Comment post AGM
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Comment post AGM
Castings Public Limited Company (CGS:LON) | 369 0 0.0% | Mkt Cap: 160.4m
- Published:
20 Aug 2014 -
Author:
Ralph Singleton -
Pages:
3
Castings remains the lead 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 customers’ hedging requirements. The shares are trading on a mid-teen rating, which is probably about right given this short-term set back but given the his