Tuesday 17 July 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Previously writing on foundry and machining group Castings (CGS) in November, I concluded I await some evidence of Machining turnaround before considering following suit with a purchase. On the watchlist. There’s now a Trading Update…
I previously cautioned on shares in foundry and machining group Castings (CGS) in the midst of they sliding below 450p last month. They are presently sliding further, at around 430p, on the back of results for the company’s half-year ended 30th September 2017…
A 2:32pm – and thus clearly unscheduled – “Board change and trading update” announcement yesterday from Castings plc (CGS) immediately suggested uh oh…
On the back of an August AGM Statement from Castings (CGS) with the shares at circa 428p, I noted there looking an increased risk of short-term share price pain. The following updates on the back of the company’s Half-year Report, with the shares currently sub 400p…
Automotive and commercial vehicle-focused iron casting and machining company, Castings (CGS) has updated that “our plan to fill the profit gap created by the ending of a major machining contract remains on course with improvements still expected from 2017/18”, though now also that “we have seen a softening in demand from our main customers since the statement in the Chairman's report in June”. Hmmm...
Castings Plc (CGS) is another oft-overlooked but eminently worthwhile UK-based industrial AIM stock. The company has announced its preliminary annual results today which should inspire interest in the shares.
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