The Investment Column: First Technology
Thursday 08 July 1999
The market took against First Technology last year. Far Eastern sales of crash-test dummies declined. More recently, the market has questioned the value of CDI, which appeared to be dominated by low-growth activities of circuit-breakers and distribution. First Technology is now touring the City showing off what CDI has in development.
Among them is a patented in-car heating system, which it plans to sell for about $20 each to a European market of about five million units. But these are unlikely to hit the market for a couple of years. In the meantime, the core safety business, while offering little in the way of outstanding growth, should benefit from new legislation.
The shares closed up 20p at 448.5p yesterday. Analysts expect pre-tax profits of pounds 19.5m and earnings of 22.1p this year, putting them on a forward p/e of 20. The upside to First Technology is some way off and the shares are fully valued.
- 1 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
Isis video purports to show beheadings and execution at gunpoint of 30 Ethiopian Christians and destruction of churches in Libya
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Driving while dehydrated can be just as dangerous as drink driving, study suggests
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...