Aerostructures Hamble: crash landing

Article Abstract:

Aerostructures Hamble was floated in Jun 1994, and the price of the company's shares has dropped since then. A bid of 0.32 pounds sterling per share from EIS values the company at 25% of its flotation price, and the board is recommending acceptance. The company has reported a loss and could be pushed into receivership by the Bank of Scotland. Production mismanagement led to a rise in costs. The company's chief executive retired early with a pension of 40,000 pounds sterling annually in Oct 1994.

Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft industry, Aerostructures Hamble Ltd.

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Wagon Industrial: hit the growth trail

Article Abstract:

Wagon Industrial is a UK company which supplies automobile pressings and should benefit from rising demand from the UK automobile industry. The company has grown through a number of small acquisitions, with eight such acquisitions carried out in 1994 for prices between 3 million pounds sterling and 5 million pounds. The company also provides retail systems, and this activity is showing progress. The company's profit is forecast at 28.3 million pounds sterling for Mar 1995 to Mar 1996.

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Automotive parts, Wagon Industrial Holdings PLC

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