Updates

Filtrona - Vision 2015 on track

April 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.

Shares in component distributor, Filtrona have surged to a new high of 665p on the back of excellent final results, while management said it was on track to achieve â€œVision 2015â€, which targets double-digit eps growth.For the year to 31 December revenues rose 26% to Â£663m with pretax profit increasing 26% to Â£95.8m. Eps also gained 26% to 31.7p. These were boosted by acquisitions but like-for-like revenue growth was still 11%. Strong cash flow meant that in spite of spending Â£35m on acquisitions and Â£22m on dividends net debt only rose Â£18m to Â£163.5m and net debt / EBITDA reduced from 1.4 to 1.3 times. Protection & finishing, which distributes plastic and metal components such as plugs, caps and cable ties, gr ...

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Hargreaves Services - Shares storm towards Â£9

TMi Trader Porfolio - April'13

Filtrona - Well placed to achieve Vision 2015 objectives (June 2013)

Filtrona - Acquisition of Contego Healthcare drives shares over Â£7 (May 2013)

Filtrona - Maker of essential components forecast to increase eps 62% in three years (February 2013)

Filtrona - Strong growth in eps following de-merger from Bunzl (December 2012)

Filtrona - Could spin-off its technology to stop cigarette counterfeiting (May 2006)

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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