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IndigoVision - Excluding cash, prospective PE is 4

September 2016

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:
  • IND
  • Price:
  • 160p
After a long time in the wilderness things are perking up for tiny IndigoVision, evidenced by small scale buying by the new finance director and engineering director ahead of interims on 15 September.  IndigoVision has already pre-announced that sales in H1 16 were US$21.8m and it will be in the black following cost reduction programmes last year. N+1 Singer forecasts eps of 22p for the year to end December rising to 30p next year. Excluding £3.5m cash (46p a share), the PE drops to 4. Speculative buy. ...

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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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