Fiberweb

In: Tips

29 Jun 2010

Fiberweb had warned that full-year profits might be lower than forecast, but yesterday the company announced that sales volumes off the past few months had been better then expected. There is still some nervousness over the size of Fiberweb’s debt – £137m at the end of last year – but we see grounds for optimism. A dividend of 7.5% is a strong reason to hold onto the shares and potential for an emerging market boom makes it a buy

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