Ultra Electronics Holdings (LON:ULE) - Generating solid returns
Aug 02nd 2012 - Edison Investment Research today published a report on Ultra Electronics Holdings (ULE.L, LSE:ULE, LON:ULE) entitled "Generating Solid Returns". In summary, the report says:
Despite a challenging defence environment that has seen organic growth slow and turn negative in the short term, Ultra Electronics has demonstrated that its balanced strategy of organic and acquisitive growth can generate sustainable returns whatever the environment. This has been achieved over a track record of 15 years, during which time total shareholder returns have increased by c 15% CAGR pa. With a distinct business and operating model based on devolved and entrepreneurial management, we believe the group has the agility to outperform even in this challenging market. This is achieved through positioning for long-term requirements and an increasing exposure to the growing cyber security and transport markets.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
