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To achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India.
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might touch ...
.....soon 100p? Nxt hurdle!!
.....reached 95p again, but can we finish 95p+ got a feeling we will today!
The RNS appears very positive, and that seems to have resulted in quite large share buys as well as improved broker ratings. Not a good day to put a positive RNS out, it will get lost in the negatives. Ah well, 4% up is better than 4% down. At least the future may be looking a little brighter. Good luck holders and future buyers.
... is available to download from the Anite website at http://www.anite.com/investor-relations/financial-reports-and-presentations#.VRuqM-BwYv4
Have small cap cyclicals been overly punished? This area of the market has seen sharp falls as deflationary fears prompted de-risking. As a general rule, investors don’t want over-exposure to less-liquid stocks if economies are softening. Yet there can come a point where risks are priced in, such that any reassuring update then boosts the stock. One such example is Anite (AIE) which provides wireless testing for mobile technologies. From a three-year low of about 80p the FTSE SmallCap shares have perked up to 90p after an update cited commercial momentum continuing into the third and normally quiet quarter of the financial year to end-April 2015. Management remains confident that annual pre-tax profit will more than double to £22 million, a consensus forecast that has looked demanding after the interim results posted only £5.1 million (although that's still doubled from £2.5 million in 2013) on revenue up just 3% to £49 million. The group is known to be second half-year weighted, but in uncertain times investors tend to want proof than trust any gap can be bridged. Furthermore, higher interim profit has followed largely from cutting sales and distribution costs, and at 90p a share the price/earnings multiple is already 16 times the consensus EPS estimate for 2014/15. So a further significant re-rating does need the commercial momentum to kick forward. No debt and nearly £30m cash enables further acquisitions The balance sheet does, however, put Anite in a strong position for earnings-enhancing deals. This follows last May's sale of Anite Travel for £45 million which had represented about a quarter of group revenue and operating profit. While management has not recently entertained the prospect of deals, page 16 of a 10 February presentation helps show their progression and context in the group. This latest presentation is also well worth studying for a more detailed understanding of Anite. Breaking out from a recent trading range The six-month chart has twice seen resistance at about 88p since November, but the stock is challenging this now. In a five-year chart context the price remains historically low, so probably investors are reacting to the positive trading update in this context. With the electronics industry set to continue its shift to wireless devices, Anite looks well-placed to capitalise, hence worth watching to accumulate.
....yes moving well this last few days, 95p big resistance to break.
On for 95p now looks somebody is buying up shares!
Great news from the AIE team, good market reaction! 90p here we come!
Been looking to add @ 75p but after today not sure what to do, massive sells but sp up a bit!!!
movements,vol wise.
Anyone else seeing a pattern here? :-)
If you would like to see Richard Amos, Group Finance Director, present on behalf of Anite, with the opportunity to ask him questions please follow the link below. The forum will be held on 21st of January from 5pm, registration is free. http://www.eventbrite.co.uk/e/equity-development-investor-forum-tickets-15032552770?ref=ebtnebregn Also presenting are easyHotel and Flowgroup. Thanks, The Equity Development Team
Wow. Numis give AIE an add! They've always been first in the queue to put a downer on it.
Why the fall back, also see Spirent falling back as well?
... the solid recovery in the SP in the last couple of weeks along with all the broker "buy" recommendations. Glad I doubled up last Friday.
iPhone revenue growth is up 21% (from phones!)
While we wait for AIE price to return :) - I wanted to share with you a thought. We keep hearing about phone sales stagnating etc - however while this 'might' be true I think it is misleading. Why - a) Battery's Each and every day we use our existing mobile (data device with a battery) - commenting on how true this statement is etc - after all "there is NO reason to update". is there?! However, I ask, how many of you can easily replace the battery? Answer - Not many - and that is by design. So while the statement 'might' be true today (right now) - it certainly will not be true 18 months from now (for me at least). Why - b) Data We need data & for every day that ticks by we need more. As a test - try surfing the web via 2g (or dialup - remember that!) - developers generally don't cater for low bandwidth and this trend will be the same as with early game development (early 1980). Ie developers are under pressure to deliver functions for the masses and one part that can be cut back on is low bandwidth support. In other words - handset + data demand will return - just a matter of when! BTW - I have a Nexus 4, and no I can't (easily) replace the battery so will be purchasing a new phone BEFORE it gets too late! In other words - I skipped Nexus 5 so "stagnating" statement 'was' true - while I am pause before my next purchase, however before long we will all have to update!
Profits warning issued due to less than expected growth..will hit a note ?
Definitely
Time to buy again?
"Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 111.89"
I'm in. http://www.reuters.com/article/2014/10/03/anite-brief-idUSASN0004WQ20141003
Looks as if it may have bottomed-out. The recent 1.5p fall was just because it went ex-div. I am very bullish long-term but it may need a positive trading statement before the price improves significantly.
How long before it makes a come back as going backwards at the moment ?