The turnaround is on at ELEKTRON

Mid price on average the week just before New year in 2003 was approx 6.5p

That means EKT has incresed approx 100% on a year to year basis.

There should be a lot further upside the coming year as the cost cuts underway are already feeding through.

Investors can look forward to a growing basic eps and also the likely hood of a dividend payment.

Both of these factors will help drive the share price forward as we enter 2005.

Elektron is seriously undervalued with a market cap of approx £10 million very good profitability, low gearing of 8% and cash of £1.5 million building.

There is also the possibility EKT will make another aquisition some time next year.

However even without an aquisition EKT is capable now of growing organically
due to synergies between the 2 companies cross selling between the operations and as a consequence of the sales office in the US.

We know EKT have had 3 trade stands in the far east not long ago, the company is on a sales drive and re training of engineers and marketing invcrease.

Last but not least Elektron may become a bid target itself at this low market cap. If that where to happen the share price would increase phenominaly.

Deltron's market cap is more than 4 times EKT and the fundamentals, profitability are far better at Elektron.

Happy New Year all investors.