Floated 18 months ago at 150p now valued at one fifth of original share price..


dyor.

Gross margin



The gross margin of the organic terminals business strengthened to 47.8% from 45.3% for the same period last year. Several cost-reduction programmes were launched during the first half of last year, such as the transfer of volume production to a new CEM partner and designing third-party IP out of our products, the effects of which were limited last year but which have made a full contribution to the current period.



The significant increase in commercial revenues, which typically consist of smaller volume/higher margin orders, together with the higher margins generated by our ATEX radios, also contributed to this overall improvement in gross margins.



Reported revenues and gross margins at 3T are impacted by the extent to which 3T acts as prime contractor on system installations; in these cases 3T reports lower margin revenues for work such as building construction undertaken by contractors. 3T reported a gross margin for the period of 36.5% and we expect to increase its gross margins as we leverage our existing supply chain, design experience and manufacturing relationships across 3T's product portfolio.



Pricing for new business remains competitive but, as previously forecast, gross margins for the remainder of the year are expected to strengthen further due to the visibility provided by our current pipeline of opportunities and our fixed-price framework contracts.

Expecting broker upgrades after
analyst meeting at 9am this
morning.

22 Nov Sepura PLC SEPU Liberum Capital Buy 93.75 93.88 100.00 100.00 Reiterates

SP Target 100p.

PMR Expo - 27th - 29th November 2012


Sepura will be exhibiting at PMR Expo held at Koelnmesse in Cologne, Germany from 27th - 29th November 2012.

For further information, please visit http://www.pmrexpo.com/index.php?id=10&L=1

Looking good still. One of the lively stocks favoured by Hoogi

Up over 100% since bouncing of its low in January this year.

time to buy me thinks - takeover talk and the sp taken a recent good kicking:
http://www.proactiveinvestors.co.uk/companies/news/165947/sepura-may-face-fresh-takeover-bid-after-warning-broker-165947.html

today
Shares in troubled walkie-talkie maker Sepura Plc (LON:SEPU) were on the up again on Monday after a broker reiterated its belief that the company was a takeover target.

The stock lifted 0.3p, or 1.9%, to 15.8p after Liberum Capital said the company’s warning last week of a potential bank covenant breach had put it in play.

The broker reckons Sepura is attractive due to its presence in terrestrial trunked radio (TETRA) - a professional mobile radio and two-way transceiver specification – globally and in North America in particular.

Sepura said in late July that it had received a preliminary takeover approach from an unidentified third party, although the potential bidder later said it did not plan to make an offer.

Liberum’s Ben Bourne said in a note on Monday: “Following a preliminary approach announced in July, Sepura’s current situation will draw other potential acquirers.

“A large installed base of TETRA radios and a foothold in the nascent US market are attractions.”

Sepura, which makes walkie-talkies for industrial uses, blamed the problems on a fall in orders in the last few months as customers held off from replacing or upgrading equipment due to budget pressures.

Major contract awards in the group’s systems business had also faced delays, meaning it would fail to hit its adjusted earnings target.

Bourne said Liberum was changing its revenue and profit estimates on the stock and reviewing its recommendation and target price.

“We need greater certainty on trading, management and funding to reinstate a target price,” he said.

Up another 8%
over 20p now
WOW

takeover advisers appointed
http://www.acquisitionsdaily.com/2016/08/01/sepura-hires-adviser-bidders-gather/

deltazero ,i think that is old news