March 15, 2017

Scapa Group

We feel like a SITTING DUCK on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
SCPA.L (ISIN: GB0007281198)

Scapa Group plc is an international manufacturer of standard and custom-engineered adhesive tapes, films and other compounds used to assemble, insulate, protect, repair and identify products and components. It is divided into the following segments: medical, cable, automotive and industrial.              
Market: FTSE AIM 

Gain over the quarter: +21.7 % 

Fair value: £ 3.70
Discount: N/A
Average yearly return: 38%
Yield: 0.63%

* We will be out of town from March 16 till 26