Wilkes was forced to place the Neepsend shares, and must now be pretty happy that it did. The price has fallen from 31p in April to 18p last week.
Half-year results, due tomorrow, will be nothing to write home about. BWD Rensberg, its broker, expects the company to break even and make a small profit for the year. Neepsend, though, is a survivor and worth watching for any signs of a manufacturing recovery.Reuse content