Does anyone have any feelings for Yule Catto?

I sold short on CFD a few weeks back but now they seem to be on the way back up.
They seem to be building support at 240 and are testing the 270.

If any has any opinions on which way they're heading, I greatly appreciate.

Graham

StockMarketWire.com
Yule Catto & Co has continued to perform in line with the Board's expectations since the last update provided at the interim results in August, despite the challenging macro-economic conditions, particularly in Europe.

In Europe and North America, profit to date remains well ahead of prior year. This has been achieved notwithstanding year to date volumes down 10%, and an adverse translation impact of £4.5 million in the first nine months of the year due to the weaker euro.

This performance reflects the continued benefits of good margin management and synergy delivery which the Group has achieved during the period. Demand remains subdued with construction related areas continuing to be particularly affected.

In Asia and ROW, the non-nitrile businesses continued the positive momentum achieved in the first half. The Nitrile business is trading in line with the guidance provided at the interim results.

The group continues to make strong progress with synergy delivery from the PolymerLatex acquisition, and remain firmly on track to realise £19 million of synergies in the current year, a year on year improvement of £16 million.

The Group continues to expect to deliver the total £25 million of targeted annual synergies by March 2013.

The Group's financial position remains robust with net debt at the end of September at £160 million, down from £174 million at the half year.

The Board's expectations remain unchanged from those stated at the half year. Full year underlying profit before tax is expected to be ahead of 2011 pro-forma of £96 million.

Yule Catto & Co plc - Shareholders approve name change to Synthomer plc
Yule Catto & Co plc ("the Company") announces that the resolution proposed at its Extraordinary General Meeting ('EGM') held earlier today to change the name of the Company to Synthomer plc was duly passed on a show of hands.

Adrian Whitfield, Chief Executive, commented:

"I am delighted that our shareholders have voted overwhelmingly in favour of our change of name to Synthomer plc which now gives us a consistent group image around the world."