QuickView: CIT clouds lifted
The last few weeks have seen a flow of good news. On 31 March Carclo announced the refinancing of its £30m revolving debt facility. On 9 April the trading update confirmed that trading was in line with expectations for the year ending 31 March 2015 and on 17 April the company announced that it has out-licensed its CIT technology on a multi-year agreement. This should lift the cloud that CIT has cast over the shares and allow the value of Technical Plastics and LED Technologies to be seen in a clear light.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.
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