Wolfson Microelectronics Share Discussion Threads

[mechanical trader] 28/4/2011 12:09

Aspers thanks for that.

[mechanical trader] 28/4/2011 09:44

DIRECTOR BUYS substantial amount...

WLF director/pdmr shareholding

[aspers] 28/4/2011 09:06

Take a look at CSR, result very soon and as all the tech stocks I think we will see a good move north both here and CSR.

[mechanical trader] 28/4/2011 08:59

Pro TAer Zak Mirs Take on WLF this morning......

Zak Mir

Reged: 28/06/07
Posts: 1743
Re: WOLFSON MICRO ELECTRONICS WLF, Fights Back? [
#478838 - 28/04/11 08:09 AM Edit Reply Quote



WLF looks like a bear trap buying opportunity for a retest of the initial April resistance through 260p. Only back below the intraday low of yesterday at 206p really upsets the long argument.

[mechanical trader] 28/4/2011 08:29

Just looking at broker figures prior to the excelent results yesterday and thier is massive scope for a re- rating by Brokers. Just look at the target SPs before the results. What will they be in the coming days, should be BIG re -ratings

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 Citigroup Buy 219.25p 310.00p - Upgrade
19-Apr-11 JP Morgan Cazenove Neutral 217.50p 248.00p
05-Apr-11 Numis Securities Hold 260.00p - - Upgrade
09-Feb-11 Royal Bank of Scotland Buy 287.00p 215.00p 350.00p Upgrade

[mechanical trader] 28/4/2011 07:57

Woolfson Electronics WLF chart starting to look bullish after posiitive results yesterday. Expecting a raft of Broker upgrades in the next 10 days.

Daily Chart



Weekly Chart



Yesterdays Trading Action.

[sat69] 27/4/2011 17:14

Nice one Jules. I can see a continuation in the rise tomorrow, in fact 250p looks on the cards in the short term. I had too many though as I've been adding with each decline over the past few weeks. But you know me, either I'm all in, or all out!

[mercury123] 27/4/2011 17:12

Well done Sat. I've sold half and may sell the rest soon

[sat69] 27/4/2011 16:35

Glad to see the market agreed with me in the end! All sold.

[mechanical trader] 27/4/2011 15:36

Will be interesting to see new forecasts over coming 10 days not forgetting a lot of brokerage houses are on holidays.

[mechanical trader] 27/4/2011 15:35

Latest broker recommendation Buys from hemscot premium..

Prospective P/E of just over 10 to 2013. Way too cheap imo. And these figures likly to bee re tated upwards after results today.

Wolfson Microelectronics PLC

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon [R]
26-04-11 HOLD 6.79 6.01 15.76 11.66
Peel Hunt
21-04-11 BUY 7.45 7.55 11.33 10.24
The Royal Bank of Scotland NV
18-04-11 BUY 23.08 14.51 32.89 20.67


Will be interesting to see new forecasts over coming 10 days not forgetting a lot of brokerage houses are on holidays.

[keybored] 27/4/2011 14:44

looks well timed matt

[matt123d] 27/4/2011 13:57

Added here. Surely no one left to sell at these levels now!

[sat69] 27/4/2011 08:02

Looks like I must have read a different statement to the rest of us!

[sat69] 27/4/2011 07:33

That's not my interpretation at all. Looks to me like there will be a very strong blue opening.

[fabzzz] 27/4/2011 07:17

oh dear. jam tomorrow again. more losses and a wacking cash outlay in q1 - cash down to $68m. whiff of desperation about the customer win info. no mention of "return to profitability". same old same old.

[mercury123] 26/4/2011 19:07

Indeed! But won't lose any sleep over it - it'll come good eventually even if tomorrow sees a move in the wrong direction and you have to jump in somewhere

[sat69] 26/4/2011 16:40

Welcome on board Jules. I added today too. Results tomorrow so you'll either be sitting on a tidy profit, or a hefty loss.

[mercury123] 26/4/2011 13:19

Just decided to buy in - have been watching it fall and seems well overdone

[keybored] 21/4/2011 19:43

well the thread title certainly seems appropriate now

[pjw956] 21/4/2011 19:30

more light reading..taken from



Out the same day are trading statements from chip designers ARM Holdings and Wolfson Microelectronics.

Matrix group is bearish on ARM after its strong run over the last year, and thinks the market is overestimating the Cambridge firm's growth opportunities.

"We see revenues of £108.2m, adjusted operating profit of £44.9m (41.5% margin) and earnings per share (EPS) of 2.48p. Our estimates are broadly in line with consensus expectations (2.53p).We see clean OPEX [operational expenditure] of £57.2m, slightly lower than consensus," Matrix said.

As for any fall-out from the Japanese earthquake, Matrix notes that: "ARM royalty revenues are recognised one quarter in arrears; any disruption in semiconductor shipments in Q2 2011 linked to recent events in Japan would not appear before Q3 2011. We do not think that licensing revenues, which historically have been quite lumpy, will suffer."

The same broker is more upbeat about ARM's Scottish rival Wolfson Microelectronics, which it thinks is on the right track.

"With 2009 and 2010 design wins ramping up to full production in 2011, we feel that the pipeline is very strong, in both smartphones and other applications such as TVs, tablets and game consoles. The only risk we see comes from the impact of the Japanese earthquake: any supply chain disruption will of course affect Wolfson's revenue and guidance."

Matrix is forecasting first quarter revenues of $41.2m, slightly above the market consensus of $41.0m. It is below consensus on underlying operating profit, however, going for $0.2m, half the level the market is expecting. Underlying EPS is tipped to be 98 cents.

One of the key issues in the trading statement could be the company's exposure to problems in Japan caused by March's earthquake and subsequent tsunami.

"There is still little clarity on how deeply the Japanese disaster will affect Wolfson. While the company's direct exposure to Japan is expected at 10-15% in 2011, not all customers' production facilities were affected, so the real impact will likely be smaller. The indirect effect, through wireless components shortages, is harder to assess and depends, among others things, on current inventory levels," Matrix believes.

....we shall compare and contrast - come wednesday am !

[pjw956] 21/4/2011 19:25

... but did manage to hold on to some small smidgen of an increase ..

oh well... roll on next week

Wolfson Microelectronics raised to buy from hold at Citigroup, TP stays 310p.

citi hold the 310 ...

[keybored] 21/4/2011 13:05

..... before droping back

[glyn10] 21/4/2011 08:18

Dom,

You should be used to this by now, in the lead up to results the share price always plumets !!!!!