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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Plastics Capital – Boring is Sexy: 56% upside

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- Tom Winnifrith

AIM listed Plastics Capital (PLA) cannot be described as a sexy stock. But it is a true value investment. I first tipped it at 40.5p in November 2010 (and was kicking myself for not tipping it earlier). Today the shares are at 66p valuing the company at £18.2 million. I would have thought that a fair 12 month target price is around 103p. Let me explain…

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