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Low & Bonar bargain hunting

12 April 2012

FLOORING and plastics manufacturer Low & Bonar is on the lookout for other troubled specialist material businesses in the hope that it will be able to pick them up cheaply. Since a profits warning last November the group has restructured and has reduced losses to £8.2m from £34.1m for the year that ended last November.

L&B has cash balances of £14.9m.The final dividend is 3.5p making an unchanged 6p for the year.

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