Updates

Anite - Better than expected results

July 2011

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.

Full year results showed strong progress in the wireless division. Overall, turnover was Â£93.7m, up 19% year-on-year and adjusted pretax profit was Â£14.5m for eps of 3.2p. The swing factor remains Anite's handset testing business, where sales were Â£49.6m up 39% year-on-year and operating profit almost trebled to Â£10m. Anite also saw a recovery in demand for existing 3G products but is finally also reaping rewards from its investment in LTE (4G) as sales take off. LTE products was 34% of sales in the year versus 12% the year before but the market is still nascent with only 40% of handset testing customers developing LTE products but set to grow in line with the number of LTE networks going live. Chief executiv ...

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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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