www.andor-tech.com


Andor Technology plc (AND.L), a global leader in the development and manufacture of high performance scientific digital cameras for academic, industrial and government applications, today provides notice of the annual general meeting of the company for 2011 and a trading update for the first 4 months of the current financial year.

The company posted a circular convening an annual general meeting of the company to shareholders on 14 February 2011. The annual general meeting will be held on 22 March 2011 at 12 noon at the Company's premises at 7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL.

More than 80% of Andor's business of making highly sophisticated digital cameras for scientific applications is dependent, in one way or another, on state spending. However, while research budgets are being cut across the world the company's order books are growing again and were up 33% for 2014. Unfortunately, its latest set of full-year financials showed a dip in revenues and adjusted profits before tax.

That weakened the company's negotiating position with Oxford Instruments, who has offered to acquire Northern Ireland's only quoted business for 500p a share. Andor says that it is looking for strategic alternatives, but with the share price at 502.5p markets do not seem to see a significant possibility that another bidder might appear for the firm. “The indicated offer values Andor on about 23 times earnings, though there is no guarantee that it or any other will materialise. Investors not keen to expose themselves to any further risk might choose to take profits, then,” Tempus says.



http://sharecast.com/news/tuesday-tips-round-up-hilton-food-menzies-andor-technology/21333455.html

Sold - IN at 420p out at 480p (1000 shares) If the deal does not come off, sp may fall hard.

Good one D/C, lock in profits.

Thanks Stan, Looks like only 500p if the deal does go ahead.

Cheers dc