By Steve Moore | Tuesday 20 May 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Foundry and engineering company Chamberlin plc (CMH) has reported a loss of £1.60 million for its year ended 31st March 2014 on revenue 8.6% lower, at £38.56 million, than in the prior year but emphasised a “significant improvement in performance in H2 - reflecting new management team's business turnaround initiatives”. With the shares having currently nudged higher to 73.5p on the back of the announcement, what is the recovery potential from here?
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