An old favourite of mine - tiny Israeli based company making electronic tagging devices for security/prison agencies and also for medical use

You have to buy a few at a time as the shares are not very liquid .....


ains


Mid price as we start - 49.5p current 67.5p increase 36.36% (09/05)




last news was a trading update

5.01.03 :-5.5, (52) in a trading update, says it expects 2002 full year results to be in line with those of the previous year, in terms of both sales and gross profit, reflecting modest underlying business growth. Operational expenditure in the second half of the year was higher, showing an increased investment in our new US subsidiary. The second half has ended profitably and with a sound balance sheet. The past year saw important market opportunities being realised, setting a number of significant milestones for both Elmo-Tech and HomeFree, which are expected to bear positive effect in the coming trading periods. US trading conditions in the law enforcement were conflicting during the year. While budgetary constraints are forcing corrections agencies to cut prison budgets, setting the ground for growth of community based solutions, the depth and immediacy of the cuts have also affected the immediate growth of electronic monitoring programs. The company view this as a temporary slow down, expecting sales for 2003 in the region to recover and continue to regard the US as highly material to the company's future growth. Outside the US, Elmo-Tech continued to substantiate its leading market position, winning new contracts in Scotland, France, The Netherlands and Singapore and expanding existing business in Europe and the Pacific Rim. In the Telehomecare field, our efforts have been focussed on setting up the new US based subsidiary, positioning the new company and its range of products within its local target market and laying the infrastructure for country-wide distribution. Market feedback is encouraging. Dmatek CEO, Yoav Reisman commented: "We continue to make progress both financially and strategically. Our business is profitable and our balance sheet is strong and I remain confident in Dmatek's future." The company also announced the appointment of Michael Bennett to the Board as a non-executive director. Michael Bennett, 37 is an Investment Director at LMS Capital , the venture capital arm of London Merchant Securties.

quite a few delayed buys now showing