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TRL - Record £21.3m order book

July 2005

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:
  • TRL
  • Price:
  • 213p
TRL’s maiden results showed sales were up 38% to £22.1m. Pretax profit doubled to £3.2m and operating margin grew to 13.7% from 10.1%. Earnings on a 24% tax charge were 10.9p. Net cash was £8.9m.  There was quite a change in revenue mix and margin during the year. As expected, the Technology & Innovation side was the primary driver with sales up from £3.3m to £8.7m. In particular, there are three drivers to this business. First, whereas TRL would in the past undertake MoD development projects and then hand over design once a prototype had been made, it is now undertaking actual delivery of finished products itself. Most of the work is for military green boxes containing communication re ...

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Related Articles

TRL - Take profits; gain: 48% (October 2005)
TRL - Investec upgrades profits by 25% (March 2005)
TRL - Changing business mix (December 2004)
TRL - Booming demand from MoD and overseas (August 2004)

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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