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CSR

September 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:
  • 502p
A topsy-turvy month with the shares coming back from a 52-week high of 621p after profit taking followed the H1 results.Excluding the legacy parts, the top line in “core†business was up US$57m year-on-year to US$375m with most of the growth being driven by the voice and music segment. Margins on these core technologies are high at 58.6% so the most exciting thing that is happening is the growth in the quantum of this. Indeed it has grown more this year than the decline in legacy products (i.e. handsets), which fell by US$50m to US$125m.Operating profit was US$58.4m, which saw earnings per share up from 9 cents to 25 cents, helped by share buy backs and a low tax charge. After a US$50m share buyback during H1, CSR still ...

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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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