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Ultra Electronics

October 2012

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:
  • ULE
  • Price:
  • 1580p
Shares in aerospace and defence electronics firm, Ultra have encountered turbulence because of uncertainty surrounding the next US budget, but we think it’s unfounded because this business covers niche areas such as battle space IT and cyber security, which are considered high priority by Western governments. And so it's still proving with interim results showing revenues up 8% to £370m, pretax profit rising 5% to £54.5m and eps increasing 6% to 58.1p. Aircraft & Vehicle Systems, which provides electronics for aircraft and armoured vehicles, saw an 11% fall in turnover, reflecting delays in both existing programs and on starting higher production phases for new ones such as the F-35 and Boeing 787. However, lower engineeri ...

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Related Articles

Ultra Electronics - Goldman Sachs has £22 price target (May 2012)
Ultra Electronics - Eps enhancing acquisition (February 2012)
Ultra Electronics - Goldmans have 1790p price target (October 2011)
Ultra Electronics - Swings into net cash (May 2011)
Ultra Electronics - Huge reduction in net debt (October 2010)
Ultra Electronics -Reassures on US, UK defence budgets (June 2010)
Ultra Electronics -Shares above £15 for first time (April 2010)
Ultra Electronics - Defence electronics firm boasts fabulous 13 year record (January 2010)

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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