Software Radio Technology (LON:SRT) at 38.5p is on a lowly pe of less than 10 for a company that:-
It is trading at less than 8x forecast profits to share cap value. Results for the year to March 2011 out on 21st June.
One of my old favourites; starting as a warrant holder and sliding down the graph on the left of the chart. However the company was about 2 technical projects of which the first failed, and the second took a while to get rolling. But get rolling it did and I bought back in during 2009 and have gradually increased since. The share price has been a bit volatile from close up (but not on a two year view) while the progress of the AIS shipping devices seems to have been rock steady and very well managed.
I expect the results on June 21 to surprise on the upside and the outlook to be very good indeed. Its also getting to the point where institutional support should increase.
Full year results on Tuesday 21/6/11. If the profits are really £5M that is a historic PE of about 10 and, given the recent, and apparently continuing, growth, a prospective of maybe 6.
Already up 132% due to RHP. Hope Tom has overreacted this time and am considering buying more but would like to know if any competitors closing in.
