DATONG – 55.5p

Report dated – 24 May 2011
Market capitalisation – £7.7m
Sector – AIM – Electronic & Electrical Equipment
Prospective p/e ratio – 6.9x
Prospective dividend yield – N/A

Technology group DATONG supplies high performance covert intelligence gathering solutions and equipment to the military, security and law enforcement sectors.  Although the group designs and manufactures its own products, it also supplies products manufactured by third parties and it sells into almost 40 countries worldwide.  The group has a relatively high research and development spend as it looks to improve existing products as well as introduce new ones.  The interim results showed strong growth in profits and the second half has started with a strong order book and net cash of £1.6m.

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