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Wolfson Microelectro - Cheap as chips?

December 2008

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.

  • Epic Code:
  • WLF
  • Price:
  • 74p
Wolfson Microelectro (WLF; 74p) has yet to see very much director buying. Oddly there was one sale during the month with the chairman selling 100,000 shares at 70p, which he bought in August for 111p. But the company’s Q3 results in October highlight Wolfson’s attractions of “a strong market position, a robust balance sheet and a business strategy aimed at significantly expanding its addressable market.†The company itself has dipped into the market many times in the past three months buying back shares for cancellation. Wolfson is clearly a business vulnerable to a consumer slowdown. The company, founded by ex Edinburgh students, is a fabless semiconductor business and specialises in products that allow the conversion of d ...

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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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