Updates

Quixant - Set to revitalise Densitrons margin

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

New highs for the shares, which are getting close to doubling from our tip at 209p in April ‘16.The latest results reflect a full 12 month contribution from Densitron (six weeks last year) with group sales more than doubling to US$90.4m. Adjusted pretax profit increased by 50% to US$13.8m for eps up 45% to 16.6 cents. Strong cash generation has enabled Quixant to eliminate all the debt it took on to fund Densitron (net debt down from US$7.9m to US$0.1m).The Gaming division grew sales 45% to US$53m and operating profit to US$12.7m partly from growth of the new gaming monitor business (shipped 25k monitors; US$9m sales) whilst the core gaming platforms business also grew volumes by 19% (43,000 units shipped; US$44m sales). Spea ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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