BUY HTIG
by
BlackMarketUnit
on
02 Apr 2014 13:51
Price at rating: 0.46, now:
Hightex Group Plc (LON:HTIG) Group , the designer and installer of large membrane roofs and façades worldwide, has arranged an insurance solution to its requirement to provide bonds. We believe this is good news for the company - it will increase working capital to add further projects. Hightex is actively pursuing other potential significant contracts, in the United Kingdom, Northr America and Europe. Hightex has submitted a number of offers in response to tender requests for projects wherer membrane is an essential part of the total structure. The Directors believe that new membrane contracts will be won in the first half of2014.We continue to believe the stock is undervalued and believe the scope for new contract wins will drive the share price. We reiterate our BUY recommendation with a target price of 10p.
Score: 100.00