Shares digital

Orpak Systems (ORPK:AIM) – Finals PTP: $10.3m ($7.1m) Divi: 7c (3c)

The Israeli firm scored another year of good growth, with revenues of $16.8 million and net profits of $9 million, 28% and 30% higher than a year ago respectively. The £56 million market cap makes card-free fuel payment systems, vehicle identification systems and solutions for the automation of fuel stations. It trades across the globe, with a focus in emerging markets like India, where fuel stations are still being built from scratch.

However, European sales were the largest contributor to revenue growth this year, thanks to a big contract with BP. Going forward, the company has scope to win market share and current conditions bode well with high oil prices making its fuel-control products attractive.

Shares says: Increased dividend, robust balance sheet and good reputation should support the shares. SPECULATIVE BUY

by: Carlo Svaluto