Updates

Anite

August 2013

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.

We said the shares were due a pause for breath in January (at 142p) when reviewing the interims. They have tracked generally sideways since but full year results show no real loss of momentum. Sales were up 8% at £132m but it was improved margins in all three sides that led to pretax profit growth of 23% to £34.3m (eps 8.3p).The majority of the growth was once again its handset testing business where sales including three months from the Propsim acquisition came in 14% higher at £87m (10% organic) and profit was up 22% at £26.3m. LTE 4G testing products saw strong growth whilst 2G/3G equipment flattened off with the split now 48:52 but the overall closing order book was up 8% to £26.8m. Anite i ...

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Tarsus

Albermarle & Bond

Anite (October 2013)

Anite - Buys handset performance testing business (March 2013)

Anite - 230% gain since tip (January 2013)

Anite (October 2012)

Anite - 190% gain since recommendation (August 2012)

Anite - Shares triple since August '10 main tip at 43p (April 2012)

Anite - Continues to outperform with LTE products (March 2012)

Anite - 30% jump in consensus forecasts (December 2011)

Anite - Better than expected results (July 2011)

Anite (May 2011)

Anite (March 2011)

Anite - Wireless testing orders grow 49% to Â£31m in latest six months (January 2011)

Anite (October 2010)

Anite - Big beneficiary of 4G LTE (August 2010)

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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