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CSR

March 2013

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:
  • CSR
  • Price:
  • 469p
The shares rocketed past £4 the day CSR announced 2012 results.  The top line was up 21% year-on-year to US$1.03 billion, continuing to be driven - somewhat ironically - from legacy business group (where it no longer invests) - including the remaining handset bits. Adjusted operating profit was US$55.4m, up from US$36.8m, generating eps of 27 cents.CSR ended the year with cash 10% higher than brokers had been expecting at US$332m -131p per share - and now plans a US$50m share buyback. This is supported by expectations that revenue growth will accelerate from 7% in Q4 12 to 10% in Q1 13 - leading to confidence that eps will top present expectations of 44 cents this year.The “core†business lines is the bit everyone ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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