Updates

Superglass - CERT programme extended by 21 months

September 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Superglass, the UK manufacturer of glass fibre insulation, has provided an update on a furnace failure that had occurred during June. This said that progress on repairs has been faster than expected and the furnace went back into operation at the end of August. Some of the shortfall in capacity during the outage was offset by increasing output from the remaining furnace and due to the fact that volumes had generally been light anyway due to the lull in CERT-related activity, depressed housebuilding and lower summer demand. Nevertheless, the estimated impact on profitability is going to be Â£0.9m although business interruption insurance will recover most of this.The silver lining to all this is that the repairs will improve t ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Rok

Statpro

Superglass (June 2011)

Superglass (March 2011)

Superglass (February 2011)

Superglass - PE of barely 4x (January 2011)

Superglass - Debt falls by Â£2.2m in H1 (June 2010)

Superglass (January 2010)

Superglass (August 2009)

Superglass - Expects a stronger H2; PE of 4.5 (May 2009)

Superglass - Positive update (February 2009)

Superglass - Yet to catch fire (January 2009)

Superglass - PE of 4 and yield of 11.3% (December 2008)

Superglass - Results on 25 November (October 2008)

Superglass - PE of 5.1 and dividend yield of 11% (September 2008)

Superglass - Positive trading update (March 2008)

Superglass (February 2008)

Superglass - Business has plenty of momentum (December 2007)

Superglass - Beneficiary of CERT program (November 2007)

Superglass - Forecasts look on low side (August 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X