Trellidor: Don’t close this door yet
Trellidor has had many troubles, including riots, floods and cost issues, but is still rated as a speculative buy
29 September 2022 - 08:00
Security, blinds and enclosures specialist Trellidor is a micro-cap counter that IM has commented on for some years. In October 2020, at 175c, IM issued a BUY. The stock had been battered by the Covid market sell-off as well as by pandemic-related business and consumer interruptions.
By April 2021, Trellidor had recovered to 348c with solid interim headline earnings on the back of a recovery driven by the re-opening of the local economy and the benefits of acquiring a presence in the UK. New products were launched, the company was buying back shares and everything looked rosy...
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