News blog
Advanced Power Components
- BY: Andrew Hore |
- POSTED: 23/09/2011 |
Electronic components and energy efficiency products distributor Advanced Power Components has confirmed that its figures for the year to August 2011 will be much better than the previous year.
Net debt has been reduced by £300,000 to £1.4m at the end of August 2011. The order book is strong. The only disappointing area was the Contech keyboard business which was hit by cuts in health sector IT spending.
In the year to August 2010, APC made £289,000. House broker Northland is maintaining its underlying profit forecast of £447,000 for the year to August 2011, rising to £647,000 in 2011-12.
At 10.5p a share, APC is valued at £2.7m. The shares are trading on six times prospective 2010-11 earnings.
It is taking longer than expected to build up sales of the imop energy efficiency product. The cost savings are not yet compelling enough to attract significant sales as yet. There is still a significant long-term opportunity.
APC acquired Bedfordshire-based intelligent lighting systems supplier Quo Vadis at the end of June. A new 70%-owned subsidiary QV Controls has been set up. It is estimated that the company’s technology can make savings in energy consumption related to lighting in a commercial building of more than 80%.The business lost £36,000 in a two month period and it could continue to lose money this year.
Download the September 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFSeptember2011_24.pdf
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