Anyone have any idea's on where this one is going & whether it is a good recovery buy?

Results out today look good, should prove a good long term recovery play

LONDON (AFX) - High tech group Polaron PLC reported a 25 pct rise in its underlying full year profits, and announced the management buyout of its FastTrak software publishing unit.

The AIM-listed controls and nanotechnology group reported year to June pretax profit before exceptionals and goodwill rose to 1.32 mln stg from 1.06 mln. Turnover rose 40 pct to 18.8 mln. Pretax profit rose 66 pct to 1.26 mln from 0.76 mln. The final dividend was raised to 0.9 pence from 0.25 pence.

Chief executive Joe Stelzer said the group is financially strong at the end of its first full year as an AIM-listed group, 'and I remain confident about the company's prospects for 2006 and beyond.'

He said the company has met its revised performance targets for the year, and added that its 'numerous sales prospects will result in orders, although the timing of them remains difficult to predict.'

Polaron said it has sold FastTrak to FastTrak's managing director Jon Silvera and Polaron's former finance director, Jonathan Clough for a total of 170,000 stg. The disposal follows the termination of FastTrak's relationship with its major licensing partner, Magix AG, whom FastTrak plans to sue for breach of contract. Polaron will pay for the legal action, and in return, FastTrak will pay Polaron the majority of any money won.

FastTrak reported year to June pretax profit of 0.04 mln stg and turnover of 1.39 mln.

and a dividend too.........21 September 2005


Polaron plc

Dividend payment date


Following the preliminary announcement released this morning, Polaron plc
confirms the preliminary dividend record date as 30 September 2005 and the
preliminary dividend pay date as Monday 7 November 2005.

and tipped on Citywire as well

Up 18% today...

But that only gets them back to just below my entry price may last year, so hardly a stellar record. Said it would take patience! Results next week will hopefully have news on progress in the US to bolster what should be a decent performance elsewhere.

Results show core business fine, but potential of nanotechnology still looks years from realisation.Could be a brave decision to exit that area and focus on the growing electronic controls side.Shares battered initially, but imo may recover.Marginal call, but decided to hold mine.