Business description
Vislink is a global technology business specialising in secure communications and services for the news & entertainment and law enforcement & public safety markets; its products include microwave radio, satellite transmission and wireless camera systems. The group's strategic focus is the design, manufacture, sale, installation and maintenance of wireless, video and IP technologies together with the supporting management systems.
Company strategy
Late on 2011 the Management set themselves a target of annualised revenues of £80m within three years, with an adjusted operating profit margin of 10%.
Valuation
At a discount to net asset value of 41.30p/share, of which cash is 8.90p
Directors buying shares since late March
Profit forecast
The last Interims confirmed the recovery and the turnaround with profits from losses for the last couple years.
Forecast of EPS 3.50p for 2013 gives a PE of 8.6 @ 30p and paying 1.25p dividend.