Skip to main navigation or content
Prisoner tagging technology provider Dmatek saw its shares jump as much as 9 per cent after it revealed it had been approached by investment group LMS Capital.
Advertising
The approach comes hot on the heels of news that Dmatek had signed two state-level contract wins in the US, worth as much as $26m (£14m) over five years.
Dmatek's attractions are clear - prisoner tagging is being driven by new legislation in the US, and the company has cash in the bank. At 131p, shares trade on a PE ratio of 10, and a bid should come at a premium to that. Buy.
Last IC View: Buy, 135p, 27 August 2008.
The UK’s No.1 Stockbroker
Access a selection of share tips, comprehensive company analysis and full financial data on listed companies. Plus portfolio tools with advanced alerts when you register for free here.
Advertorial Feature
With so many big moves in the world's financial markets, there have seldom been more opportunities around for spread traders. Isn't it time you joined them?
by Dominic Piccarda
© The Financial Times Limited 2008. All rights reserved. "Investors Chronicle", "FT" and "Financial Times" are trademarks of The Financial Times Limited. No part of these web pages may be reproduced or transmitted to or stored in any other website or other form of electronic retrieval system, without prior permission in writing from the editor.
Warning: Do remember, particularly if you are new to stock market investment that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. This site is aimed at UK residents only. To read more please see our Important Warning
-IC-1.5.4a-prod - 31/10/2008 13:11:34 - carlos.princz
