Blues lift for Trefgarne
Former Tory defence minister and aviation specialist Lord Trefgarne is walking with a new spring in his step following a maiden half-year profit from SCOTTY Group, the AIM-quoted video telecommunications specialist he chairs. Trefgarne, who won the Royal Aero Club Bronze Medal for flying from England to Australia and back in a light aircraft 45 years ago, claims the conversion of £379,000 losses into a £304,000 interim pre-tax profit ‘vindicates’ the company’s recent change of direction.
This involved selling SCOTTY’s ‘tele-health’ operations and focusing on the government, military and aerospace markets. The company won a £2.5 million contract with Diamond Aircraft Industries for the Venezuelan government and is now involved in a £10 million upgrade programme for the Eurocopter CH53.
Trefgarne reports that ‘growing momentum’ is now being generated by the company’s specialised satellite communication systems. He argues that the present concern with national security and border control by governments around the world augurs well for SCOTTY.
Shareholders, who have seen the value of their holdings fall from a 15.75p a share peak three years ago to below 2p today, can only hope he is right.
Achieve impressive returns
Gain instant access to some of the best-performing and fastest growing companies in the small cap arenaClick here
Advertisement
Stocks & Shares ISA
Online tools to make investments easy and low admin fee from The Share Centre. Find out more.
Achieve impressive returns on the go
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
Institutional Investors in AIM 2011 - New Report
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Coverage of AIM, techMARK and PLUS Markets
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Growth Company Features, Research and Analysis
In-depth coverage of selected AIM companies within the small-cap and fast growing company sector including AIM and PLUS Markets shares and listed stocks. Company research and analysis from GCI analysts updated daily.
Popular Features
Advertisement
Latest Features
Fund manager focus 21/05/2012
Paul Marriage, who has been investing in small-caps for over a decade, explains to Ellie Duncan how his unique stockpicking strategy has produced consistent returns
Directors’ Dealings 21/05/2012
With a flurry of buys and sells taking place across the junior market, it pays to think carefully about directors’ intentions, says Ben Jaglom
Pick of AIM 21/05/2012
The tricky IPO market over recent years has led to careful vetting by institutional investors. Miles Nolan investigates two impressive newcomers
