Shares digital

The shares of Sepura (SEPU) last week slid to 126.5p, their lowest level since last August’s flotation at 145p, after management admitted the third quarter had seen two key UK contracts suffer delays.

Cambridge-based Sepura, which specialises in TETRA (Terrestrial Trunked Radio) products, still expects to make its full-year numbers as the slipped deals are still due to ship this quarter. However, any further setbacks would be costly, as the £172 million cap admitted booming international sales have thus far only ‘partly’ offset the UK shortfall.

Sepura has largely cornered the UK market but news of the good international progress will encourage shareholders in Software Radio Technology (SRT:AIM). In addition to its booming marine AIS (Auto Identification Systems) boat-tracking technology, the Bath firm has a TETRA arm which plans to build on its success in Asia by launching a product for the European market this year.

TETRA is a digital radio standard optimised for professional mobile radio users, such as the armed forces and emergency services.

Shares says: Hold Software Radio Technology, Sepura.

by: Russ Mould