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Plastics maker Carclo has pinned its hopes on a stronger second half, after delays to payments and the sale of its automotive communications business weighed on first-half sales.
The group specialises in the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products, as well as in parts for high-end vehicles.
During the half, Carclo’s conductive ink-jet technology unit also made its first shipment of touch sensors for a smartphone – and is involved in final testing of sensors for a tablet device.
However, a forward price/earnings ratio of 36 suggests the shares have risen too far.
|Six months to Sept 30||% change|
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