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Vega - second wind comes from defence business

January 2006

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:
  • VEG
  • Price:
  • 200p
Vega has reported H1 results to 31 October in line with expectations. Revenues were well ahead at £30.6m, up 25%, (organic 20%) and pretax profit was up 20% to £2.0m. Earnings lifted 7% to 6.2p. These were the first results in a new segmental reporting of the three divisions of aerospace, defence and government, all of which showed double digit growth. Overall, margins were maintained at 7.0%. Aerospace was the largest part of the group with sales of £15.6m and now includes Vega’s activities in space and the wider aerospace market. The division supports satellite programmes worldwide and also develops integrated training systems for the large aerospace system manufacturers. Sales growth in the period ...

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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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