Buckland Group (BUC): when will it rise?
Buckland (BUC), traded on the AIM, recently posted an interim report that states that the company has an "operating profit before tax" but "a post tax loss due to discontinued operations". The loss is much smaller than this time last year and the prospects, for the first time in a couple of years, are v good. They have, for instance, announced new contracts with firms and are manufacturing in Thailand so it will reap the rewards of a lower cost base. It is likely to be in profit by the end of the year. Yet following this interim report the share price went down and I am mystified as to why when the company seems to be in a much more stable and promising financial situation than a year ago. I wonder if someone could explain to me, if it is true that the company is in a better position, why the share price went down.
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