Megabux said....19 Mar 2014 17:30
"Well Sam, having come back in and finished celebrating over the drawdown stuff in the budget today, I can make my contribution to the discussion. First though I need to explain how I came to look at CRA. I first spotted this company as a Galvan tip - so although tipster's don't always get it right, what they do do is to give a profile to stocks which otherwise might be overlooked. . In this case, they tipped four stocks. After researching all four, I really liked CRA and FUM so added them to the AIM portfolio. The reasons I invested and remain invested in CRA (in no particular order) are: 1. CRA goal is to lead world in chosen technologies and be first to market with innovated systems. Technologies based around energy efficiency, fracking, air purification - domestic and international customers. 2. Placement in December provided funds (approx. £10m) to accelerate growth - the placement diluted the price and I was able to get in at a good level. . 3. Acquisitions showing growth potential - revenue in 2012 increased from £0.32m to £15.3m - losses reduced as a proportion of turnover. 3 different business in the group - diversification reduces business risk. 4. Management change at Hunt Thermal providing new impetus 5. Patented technologies successfully tested and orders expected to follow 6. Major shareholders M&G (20% approx.) and L&G (18% approx.) 7. Directors hold shares 8. I like the website! 9. More recently, losses are being reduced and nice contract win with BAE etc. Featured in Telegraph Careers section. So, in my view, CRA have a lot going for them. Just need to get those contracts in, look out for the competition, watch the bottom line and keep moving forward in their technological advancements. I'm not interested in a stock which is already at the top of its game. I'm looking for growth potential, and I can wait!. "