Spectris: disposal of non-core assets leaves tech firm flush with cash

Home » Tips » Stocks and Shares Tips » Spectris: disposal of non-core assets leaves tech firm flush with cash

15th September 2021
Stuart Fieldhouse
The Technology Sector, Members Only, Spectris

Armchair Trader Buy & Hold Portfolio

Spectris (LSE:SXS)
Sector: Technology
Market Cap: £4.47bn
Entry price: 3989
Target price: 4786
Stop loss: 20%

We are adding Spectris (LSE:SXS) to our long term buy and hold portfolio this week. It is a Surrey-based precision instruments business. The share price has been doing extremely well recently, up from around 2500 in November last year to almost 4000 at time of writing.

Spectris is an industrial technology business active in the area of instruments, test equipment and other industrial applications. It also provides training, technical support, spare parts and maintenance. It supports a number of specialist testing platforms, for example for particles and materials research.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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