Instrumentation and controls developer Spectris has acquired US-based ReliaSoft for approximately £28m in cash. The FTSE 250 group said the deal for the American firm, a provider of engineering software and consultancy, will be funded from existing cash and bank facilities. The Arizona-based firm will be integrated with HBM nCode within Spectris' test and measurement division, the group added in a statement on Friday
5 Nov '14
SXS SPECRTRIS Lovely Chart
SXS SPECTRIS, lovely technical set up, see chart below. https://pbs.twimg.com/media/B1rboOdCcAAeiIq.jpg"
25 Apr '14
IMS today IMHV
10 Jan '14
Trading Update notification
Spectris plc 2013 Trading Update notification - 17 January 2014 10 January 2014 - Spectris plc (SXS: LSE), the productivity-enhancing instrumentation and controls company, will announce its 2013 full year trading update on Friday 17 January 2014 at 07:00 BST. John O'Higgins, Chief Executive and Clive Watson, Group Finance Director, will host an investor and analyst conference call at 08:00 GMT.
22 Feb '13
"The difficult market conditions in the second half of 2012 provided a backdrop for Spectris to demonstrate the quality and resilience of its business model," Michael Blogg, an analyst at Investec, commented this morning. "We have revised our estimates from a basis of ultra-caution to a level achievable in a low-growth environment, with upside potential if markets recover more quickly. The increase in our target price, driven by the 6-7% increase in our earnings per share (EPS) estimates, is not quite enough to justify a more positive recommendation than hold." He added: "Spectris has the spread and market presence to deliver growth in most circumstances, augmented by its organic and bolt-on investments financed out of cash flows and overseen by a highly-respected management team. "It is now within striking distance of the FTSE 100, where we believe it would not look out of place in terms of investment quality.
22 Feb '13
Spectris: N+1 Singer takes target price from 2135p to 2415p, while reiterating a hold recommendation.
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