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

Cheap as chips - you decide, still in an upward motion. Around 314p mark today.

Finished at 323p and up 6% today alone. More than doubled in price in 7 months. Will it continue????????? Big xmas market for its electronic products containing wolfy chips. Will also be involved in digi tv box for the digi revolution. Still think it will fall a bit (profit takers) before the next push upwards. dyor. maybe risky but its all up up up at the moment.

Now 338, dont say i didnt tell you, suprised there is not more interest in this one. In short term its looks pretty near the top to me (depending on xmas trading) but long term looks good too.

Definitely agree Kivver, the chart is looking fantastic. Price may consolidate with profit-taking in the short term, but momentum will depend on xmas trading. Cannot see that being anything less than excptional with regards to those of Wolfsons' clients leading their field in consumer entertainment. Ipod, PSP and XBOX sales have got to be phenomenal and, if I am not wrong, Wolfson has royalties on the sale of each unit and certainly on that of the PSP. Much of this expectation may be factored into the rising price since mid-may, however, until hard figures are released some may remain on the sidelines and allow the likes of you and I to ride the wave!

momentum continues at the moment.

relentless! Where will it end?? and how silly of me not write a book (with imagination, right oldwick?) on the subject.

TAU - are you enjoying the wave?????? just when you think it cant go any further, off it goes again, and happy day for me and of course anyone else clever enough to follow my tips (given to me by another great tipster by the way). :0) .

I was stopped out of WLF at 358 on drop back from 368, not entirely pleased until I noticed Buy Volume 1,065,088 against sells of 2,961,645 ie 3/1 on higher volume than average. Also noticed some large sales 300,000 sells.

My guess this share has topped for a while and will fall back. Could be wrong.

read my posts fred, ive been saying exactly the same for the last 3 weeks but it keeps on going.

if you follow the share recently it always goes up most on days when there's much more sells, as if they want the shares. And it goes down significantly on days when there are much more buys. I don't know if it's just coincidence or filling buy and sell orders in the wings. Of course people assume that if people want shares the price is moved down as a treeshake, but if that doesn't work they can just move it up to try and get profit takers that way. The problem is that there's so many momentum traders out there that shares go up just because they're going up, so in theory this makes it more likely that they'd drop the price to get sellers, to discourage the momentum traders.

What interests me are the majority of indicators I try to use are positive to the share. But the volume change is chalk as up because end of the day is up.

I dont know, but I am not unhappy with recent profit.

''the trend is my friend'' but apparently for few others, oh well i did tell you.

Kivver, to keep you happy there is a buy out from City Group with target price of 416p, Where they derive that figure from with its forecasts I don't know.

I agree the trend is your friend until IT ENDS. I still feel a little to jumpy about this share and think there will be a slight correction. In the meanwhile replaced it with Amlin.

Cheers fred, im very happy and in very good profit thank you. (also hold azm, kmr, NG., hmy, asc, cyh and bprg, amonst others).

needless to say kivver!

small piece in yesterdays Guardian re:Citigroup increase target price to 416p.

'The US broker believes its sales forecasts for 2005 could be too low given strong iPod sales over Christmas. Citigroup has also raised its sales forecasts for 2006 to $231m (132m) from $201m and for 2007 to $300m from $232m, to take account of a new power-saving product that Wolfson plans to launch this year. "We believe that over time Wolfson will target selling a power management solution with every product they currently sell into the portable (device) market," Citigroup said.'

buys still outnumbering sells. results the 1st of feb.

384p, the rise fantastic continues, so suprised with so many experts on these bb's that there is not more interest in wolfy. OH well, chuffed with my 33% profit in 5 weeks. The big question, take the profits or hold on for more. Results out on the 6th feb. Long term looks good with new products coming on line.

I think this is a share that will soar in the long term so worth holding onto.

then up some more, wooooooooooooooow