Report

Initiation: Shining a fresh light

The value in Carclo’s Technical Plastics and LED Technologies businesses is becoming visible – no longer in the shadow of Carclo’s CIT touch screen venture. Both businesses serve attractive end-markets – healthcare and supercars respectively – with good visibility and returns. While the market has seemingly been focused solely on CIT, Carclo’s management has been investing in and developing these other businesses. Carclo is now valued as if the jury is out on its quality and strategy. However, the case is building for Carclo to be valued as a solid growth business with a clear strategy as the licensing deal with UniPixel should close the door on CIT.
Underlying
Carclo PLC

Carclo is a global manufacturer of fine tolerance parts for the medical, industrial, aerospace and premium automotive lighting markets. Co. has four business segments: Technical Plastics, which supplies fine tolerance, injection molded plastic components used in medical, optical and electronics products; LED Technologies, which develops solutions in LED lighting and engages in the development of high power LED lighting for the premium automotive industry; Aerospace, which supplies systems to the manufacturing and aerospace industries; and CIT Technology, which manages its portfolio of IP over the digital printing of conductive metals onto plastic substrates.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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