Wolfson

I've seen shares fall on good results before but this is just silly!

Surely this has got to be a buying opportunity!

Financial Highlights

Revenue increased by 94% to $56.9m (H1 2003, $29.3m)
Gross margin improved to 50% (H1 2003, 46.4%)
Profit before tax increased by 123% to $9.3m (H1 2003, $4.2m)
Diluted earnings per share increased 94% to 5.77c (H1 2003: 2.98c)

Operational Highlights

158 design wins in the period
9 new products introduced in the period
Continued strong uptake of products by major OEMs
Increased sales in Japan and Korea to 29% of group turnover
31 new technical and commercial staff

UK smallcap opening - Wolfson Micro up on forecast-breaking FY numbers

LONDON (AFX) - Buyers came for Wolfson Microelectronics, 9-3/4 pence better at 170, after the UK semiconductor group released forecast-breaking full-year numbers.

The news prompted Citigroup to step up its price target to 195 pence and reiterate its 'buy' stance on the stock. The house also increased its 2005 revenue forecast to 140 mln stg from 132 mln, and its 2006 prediction to 189 mln from 180 mln.

Elsewhere, Cazenove repeated its 'outperform' recommendation on Wolfson

http://thescotsman.scotsman.com/business.cfm?id=202622005&20050223040609

Gone back into Woolfson WLF having waited to see if there were the usual sell offs after results. No problem and outlook statement looks very encouraging.................

Outlook

The Company has entered 2005 with the widest product range and design wins in
its history which we believe provides a solid platform for the Company's
prospects. Demand for digital consumer electronics products, in particular
portable devices, remains buoyant. Although early in the new year, current
trading is encouraging and the Board is confident of delivering year-on-year
growth in sales for both the first half and the full year

cheers GF.

Hoping for a prosperous future here and a return to previous highs.

cheers GF.

A down day across all the small cap board, not company specific. No reason to sell.

cheers GF

What a lovely recovery. On its way to breaking up aswell. Moves fast this one.



cheers GF.

Buys greater than sell volumes now should start to turn positive.

cheers GF.

Buys now far outweighing sells. Price getting more positive.

cheers GF.

Still in the red. Great recovery story and buys far outweigh sells.

cheers GF.

50 DMA almost crossing the 200 DMA, good buying opertunity here, me thinks....may get on board in the next few days

Just moved back in myself. Sure it would have been up today if we didnt have a lousy market all round.

cheers GF.

Added more this morning. Looks to be well undervalued.

cheers GF.

Just ticked up nice.

cheers GF.

Ticked up slightly more.

cheers GF.

WLF just starting to climb up.

cheers GF.

Moving uup nicely now.

cheers GF.

Cheers GF!


8-)

cheers for what?

Fresh air, I just love it.

Point aside though azhar WLF is looking very strong now, do you not agree.

Cheers GF.

Yes still holding mine from last times drop. Silly me never averaged down when it dropped to 1. This will be 250 soon but need to break 195 and 210 first.