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Densitron Technologies

  • BY: Andrew Hore |
  • POSTED: 19/01/2015 |

Westhouse has downgraded its 2014 profit forecast for Densitron Technologies following the electronic displays supplier’s trading statement. 

The profit forecast has been trimmed from £640,000 to £600,000 but that is much higher than the underlying 2013 profit of £73,000. The order book is building up and it grew by 30% last year. The 2015 profit forecast of £923,000 is being maintained.

At 5.4p a share, up 0.4p, Densitron is valued at £3.7m. The shares are trading on eight times prospective 2014 earnings and less than six times prospective 2015 earnings. There is also a chance that a dividend could be paid for 2015.

AIM Journal December 2014 available.

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