City File: Sheffield Insulators Group

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SHEFFIELD Insulators Group is thought a pretty boring company. But Tim Steer at Smith New Court reckons that its recent purchase of architectural hardware supplier WMS has given it a unique marketing and sourcing structure.

Accordingly, Mr Steer argues that its market rating is miles out of touch. Despite a massive recovery in the share price this year, he says the shares are still cheap at 182p.