I want to buy a few more, but wonder whether Wolfson has really turned. The first quarter results are coming. Should I wait longer or avoid?

Wolfson makes semiconductors that go into a range of electronics products, from tablets to Kindles and smartphones such as the Samsung Galaxy. South Korean electronics group.

Erm, where is it going?

Thanks!

And they've turned thank goodness!


I was starting to worry!

Results next Wednesday - That'll tell us!
Fingers crossed!

Gone long.

Latest broker recommendation Buys from hemscot premium..

Prospective P/E of just over 10 to 2013. Way too cheap imo. And these figures likly to bee re tated upwards after results today.

Wolfson Microelectronics PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon [R]
26-04-11 HOLD 6.79 6.01 15.76 11.66
Peel Hunt
21-04-11 BUY 7.45 7.55 11.33 10.24
The Royal Bank of Scotland NV
18-04-11 BUY 23.08 14.51 32.89 20.67

Will be interesting to see new forecasts over coming 10 days not forgetting a lot of brokerage houses are on holidays.

Woolfson Electronics WLF chart starting to look bullish after posiitive results yesterday. Expecting a raft of Broker upgrades in the next 10 days.

Daily Chart

Weekly Chart

Yesterdays Trading Action.

The technicals confirm the fundamentals-no position but agree with your conclusion.

WLF is a good bargain at this price considering its bullish update yesterday and brokers are out supporting it.

Just looking at broker figures prior to the excelent results yesterday and thier is massive scope for a re- rating by Brokers. Just look at the target SPs before the results. What will they be in the coming days, should be BIG re -ratings

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 Citigroup Buy 219.25p 310.00p - Upgrade
19-Apr-11 JP Morgan Cazenove Neutral 217.50p 248.00p
05-Apr-11 Numis Securities Hold 260.00p - - Upgrade
09-Feb-11 Royal Bank of Scotland Buy 287.00p 215.00p 350.00p Upgrade

Pro TAer Zak Mirs Take on WLF this morning......

Zak Mir

Reged: 28/06/07
Posts: 1743
Re: WOLFSON MICRO ELECTRONICS WLF, Fights Back? [
#478838 - 28/04/11 08:09 AM Edit Reply Quote



WLF looks like a bear trap buying opportunity for a retest of the initial April resistance through 260p. Only back below the intraday low of yesterday at 206p really upsets the long argument.

WLF going on a great run again.

WLF on a fantastic run and just lookat the SP targets and this was before the stunning results yesterday......

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 Citigroup Buy 219.25p 310.00p - Upgrade
19-Apr-11 JP Morgan Cazenove Neutral 217.50p 248.00p
05-Apr-11 Numis Securities Hold 260.00p - - Upgrade
09-Feb-11 Royal Bank of Scotland Buy 287.00p 215.00p 350.00p Upgrade

Gone long on MTC Mothercare, think most of these retailers have bad news already priced in. Went long on GMG earlier aswel, already in profit.

WLF was oversold recently... fair price probably 270-280p.