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


dyor.

Chart not working???

Is now.

Nice chart GF - I know zip about them, so I'll take a look - thanks!

SEPU SEPURA

Brokers onside.

P/E rather cheap for a tech stock.

Sepura PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
16-11-12 BUY 7.74 5.46 1.55 9.16 6.38 1.55
Investec Securities
14-11-12 BUY 7.84 5.60 1.50 9.52 6.40 1.60

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 7.79 5.53 1.53 9.34 6.39 1.58
1 Month Change 0.08 0.06 0.01 0.09 0.07 0.02
3 Month Change 0.15 0.02 0.02 0.18 0.00 0.03


GROWTH
2012 (A) 2013 (E) 2014 (E)

Norm. EPS 90.96% -9.74% 15.58%
DPS 6.92% 9.86% 3.47%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £17.83m £9.71m £11.22m
EBIT £7.12m £m £m
Dividend Yield 1.50% 1.64% 1.70%
Dividend Cover 4.41x 3.62x 4.04x
PER 15.18x 16.82x 14.56x
PEG 0.17f -1.73f 0.94f
Net Asset Value PS 16.82p p p

great chart.

Recent historical article. Skinny give you some idea about the company.

http://www.bloomberg.com/news/2012-10-01/sepura-rises-for-fourth-day-on-u-s-radio-changes-london-mover.html

Thanks GF.

SEPU SEPURA

Interims tomorrow.....

last trading statement....

http://www.investegate.co.uk/sepura-plc-(sepu)/rns/trading-statement/201210110700044343O/

To top.

OUT YESTERDAY BUT NOBODY SAW IT.

On companys website.....

Sepura is selected to provide North America’s first operational fleet of TETRA radios

Published on 21/11/2012 12:03:57 Sepura is pleased to announce that it has been awarded the contract to supply radios for North America's first operational TETRA network. This landmark contract has been awarded by BC Hydro, one of Canada's leading electrical utility organisations.

BC Hydro has a wide-ranging initiative to improve both safety and communications in the Vancouver Lower Mainland region of British Columbia province and decided to adopt TETRA technology. Their systems integrator, S.M. Group International Inc. (SMi) - with whom Sepura has a long standing and successful partnership - will work with BC Hydro to integrate the Sepura handsets into their TETRA infrastructure. Thus allowing the utility provider to maximise the TETRA deployment and deliver its mission critical communications.

The project involves equipping BC Hydro staff with a fleet of Sepura's market-leading STP8000 hand-portable radios, backed up by its SRG3900 mobile radios for in-vehicle installation.

For the efficient and safe execution of fieldwork during normal and emergency operating conditions, BC Hydro crews require reliable and convenient mobile voice and data communications at all substations, dams, generating stations and along all distribution and transmission lines. The STP8000 best met this need, as these rugged radios are feature-rich, ensure easy and accurate operation and have been designed to perform in the most physically challenging environments. These attributes are driving its adoption in North America and have made it the TETRA radio of choice for heavy industrial and manufacturing users globally.

One of the most reassuring features offered by the STP8000 is its Man-Down capability, particularly the alert call for lone workers. This is an automatic call generated by motion-sensing technology which detects loss of verticality of the device or absence of movement. Ultimately the radios deliver reliable communications when needed most. Its RF power is fully customisable up to 1.8 Watts in both trunked and direct modes (TMO and DMO), thereby both extending coverage beyond the reach of typical hand-held radios and assisting operations, where being 'off-network' may be an advantage. An additional benefit is the ability of the SRG3900 mobiles, with their output power customisable up to 10W, to operate in Gateway mode (acting as an extension to the network for portable users working in Direct Mode) thus maintaining communications in areas not covered by the network. Finally, by choosing to manage the radio fleet from one central location means that BC Hydro can adopt a cost-effective approach to ongoing asset management, reducing the overall cost of ownership.

Stuart Will, Business Development Manager, North America, Sepura, commented "This selection has been the product of not only a rich feature set and an attractive look and feel of our products, but also recognising BC Hydro's needs and working with them over an extended period of time to ensure that they get the most out of their selected TETRA radios. Sepura's portfolio of products, including our world leading STP8000 and SRG3000 series radios, have been certified for use in the US, so we are well-positioned to assist customers across the North American region as they adopt the TETRA standard. We are delighted to have the opportunity to support BC Hydro in its landmark adoption of TETRA."

Photo caption: BCHydro facility aerial view

http://www.sepura.com/news-and-events/news/2012/sepura-is-selected-to-provide-north-america%E2%80%99s-first-operational-fleet-of-tetra-radios.aspx

SEPU SEPURA

Truly oustanding results meeting
and beating concensous figures.....

Sepura PLC



("Sepura," "the Group," or "the Company")





Interim results for the six months ended 28 September 2012





Strong revenue growth delivered by market expansion strategy

Forecast gross margin improvements realised

On target to meet full year expectations





Sepura, a leading global provider of TETRA digital radio products and systems, today announces its interim results for the six month period ended 28 September 2012.



Financial highlights



§ Revenues up 34% to €43.5 million (H1/12: €32.5 million), comprising:

§ 18% organic increase in terminal revenues to €38.3 million (H1/12: €32.5 million)

§ 3T revenues of €5.2 million



§ Gross margin strengthened 1.1% to 46.4% (H1/12: 45.3%) with organic terminal gross margins up 2.5% to 47.8%



§ Adjusted operating profit €3.6 million (H1/12: loss of €1.6 million); IFRS operating profit of €2.7 million (H1/12: loss of €4.8 million)



§ Operating cash generated of €8.8 million (H1/12: operating cash outflow of €0.1 million)



§ Interim dividend increased 7% to 0.51p per share (H1/12: 0.48p)



Operational highlights



§ Geographical diversification: Global TETRA adoption continues

§ Customers in 10 countries generated revenue > €1m (H1/12: 7)

§ First contract in North America



§ Market diversification: Revenues from commercial customers up 159% (74% excluding 3T)

§ Initial combined wins for Sepura and 3T validate strategic rationale for 3T acquisition

§ 3,400 ATEX radios delivered

http://www.investegate.co.uk/sepura-plc-(sepu)/rns/interim-results/201211220700077393R/

Dividends



The Board has declared an interim dividend of 0.51 pence per Ordinary share, an increase of 7% over last year. This interim dividend will be payable on 3 January 2013 to those shareholders on the register at the close of business on 30 November 2012.

Commenting on the Company's results, Gordon Watling, Chief Executive Officer, said:



"Our strategy to expand our addressable market is yielding the top-line growth that we forecast. The actions we took last year to diversify our customer base, strengthen our margins, improve our cash generation and reduce our cost base have all made a significant contribution to the improved quality of earnings.



"We are serving more customers in more countries than ever before, and by combining our market-leading TETRA terminals with 3T's TETRA infrastructure we have developed a compelling solution for the rapidly growing commercial segment. The steps we have taken to transform Sepura into a mission critical communications company and our strong start to the year leave us well positioned to capitalise on the long term trends we see in our market, and to meet our full year targets."

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.