Do­ing that thing we do

Finweek English Edition - - INVESTMENT -

WE TIPPED this stock some six months ago and it has done well, adding around 25%, but re­cent re­sults showed HEPS at 140c ver­sus 139c for the pre­vi­ous six-month pe­riod and that saw some sell­ing pres­sure. How­ever, read­ing the re­sults, the sense is very much that man­age­ment did very to con­trol what it could, but a num­ber of is­sues out­side its con­trol hurt prof­its.

The un­con­trol­lables in­cluded min­ing weak­ness, lead price in­creases (which Metair uses in its bat­ter­ies), and the fu­ture has an­other

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