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Vega - Strong trading on defence consulting

June 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:
  • VEG
  • Price:
  • 189p
Vega has announced that results for the year to 30 April are expected to beat market expectations. Before the news, broker Baird was forecasting £3.1m pretax for eps of 11.2p but oddly has left the forecast unchanged.Continuing from last year, the government & defence (GAD) business is performing strongly in the areas of defence and national security. The division has seen more repeat contracts for flight simulator/trainers and aircraft avionics simulation systems as well as on the consulting side led by contract wins with the MoD and the DPA.Meanwhile, the space side also performed in line with expectations. Anite Systems is now fully integrated and provides a stronger strategic position in this area. Vega has al ...

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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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