BOUGHT: Creightons Plc – Growth Potential At A Value Price
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Disclosure: I hold a long position in Creightons Plc Last week I bought more shares in Creightons Plc, a business which manufactures and markets personal care and beauty products, which is based in the UK. In this piece, I explain why. Creightons had been a beneficiary of temporarily heightened demand for COVID related hygiene products, adding £14m in extra revenue in FY21 to be exact, which caused a significant increase in share price initially, rising to over £1.50 per share. In FY22 the demand for hygiene products has become virtually non-existent, and on the realization of this and the fact that revenue and earnings will not grow in FY22, the share price promptly declined to where it is currently at 64p.
BOUGHT: Creightons Plc – Growth Potential At A Value Price
BOUGHT: Creightons Plc – Growth Potential At…
BOUGHT: Creightons Plc – Growth Potential At A Value Price
Disclosure: I hold a long position in Creightons Plc Last week I bought more shares in Creightons Plc, a business which manufactures and markets personal care and beauty products, which is based in the UK. In this piece, I explain why. Creightons had been a beneficiary of temporarily heightened demand for COVID related hygiene products, adding £14m in extra revenue in FY21 to be exact, which caused a significant increase in share price initially, rising to over £1.50 per share. In FY22 the demand for hygiene products has become virtually non-existent, and on the realization of this and the fact that revenue and earnings will not grow in FY22, the share price promptly declined to where it is currently at 64p.