Blanketstacker
09 Mar 2015
Worth a punt? The company makes rugged and secure electronics, mainly for defence and related consumers. There was an unexpected fall in profits last year due to problems with export licences. These seem to have been resolved, and in addition there have been three new or updated products in the last couple of months. The last news release suggested profits for the year 'broadly in line with market expectations', that is a little below what we might like. There is a dividend due shortly, which will partly be covered from cash reserves. There is no debt. Several jobs are being advertised, suggesting that there is some expansion underway. The PER is very high at about 40, but there a consistent profits and a good yield. The price is currently at a three year low.Does anyone have an opinion on this please?
