Carborundum abrasive specialist Carbo has lost a director (cries of "shame") and closed most of its UK plant in Old Trafford (Manchester) to help profitability. (er...it says here - see RNS 2Feb05). The sp had been rising over days recently, presumably on the hopes of a return to profitability, etc, etc.
This ann has knocked the stuffing out and the sp is considerably down, not helped by management looking for cash (hint: in your pockets).
So another opportunity for retail shareholders to be stuffed - EITHER: an opportunistic buyer wanting their customer-order-book or access to their sales-team etc.....OR ELSE "we" have to bale-out dodgy management so they can have another turn at getting it right.
This company probably tells us what was wrong with our engineering industries from a time just pre-WWII.
Out of touch and out of stock.
I have held on for far too long to consider selling; it will probably go down with me still clinging to the paperwork. You would think making sandpaper was pretty damn easy - Simply, you stick grit to the paper, or on alternative wednesdays you stick the paper to the grit (by way of a change).
Grrah.
EDIT (21 Feb 2019 ) - seems they are down 33% today - sp~ 0p22 - Is that a lowest-record for AIM?