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Elektron – Not a Good tip from me, do we hang on?

Tom Winnifrith
Monday 22 October 2012

initially recommended shares in Elektron Technology (LSE:EKT), a designer and manufacturer of precision engineered components for connectivity, instrumentation, monitoring and control, in April 2011 at 37.25p as the company looked be recovering well from the impacts of recession and customer de-stocking. The shares initially performed well for t1ps.com, the site I foundfed in my bedroom and ran for 12 years until this September,– hitting a high of 45p in the month following the recommendation. However, as macro economic progress has once again stalled so too has Elektron’s profit recovery – as most recently witnessed by results released in September for the six months to 31st July 2012. The shares are now 18.5p valuing Elektron at £22 million. I apologise for having made a bad call in my initial recommendation. What to do now? Is this a red hot penny share?

on ADVFN | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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