Wolfson 2006

Of 11 brokers covering WLF, 9 are on BUY and 2 are Hold. Not a single broker recommends a Sell. This is fairly unusual for a tech stock.

After revised forecasts for 2007, the PER is now 14.10 and - importantly - profit growth for 2007 is forecast at 22%
I believe WLF could better this but a growth rate of 20% would make them look rather cheap.


Wolfson Microelectronics PLC
Detailed Broker Forecasts

2006 2007
Broker Date Rec Pre-tax (£) EPS(p) DPS(p) Pre-tax(£) EPS(p) DPS(p)
Panmure Gordon 23-10-06 HOLD 26.60 16.14 31.28 18.89
Broker Name With... 26-10-06 2H 15.45 23.44
Merrill Lynch 10-11-06 BUY
Oriel Securities 27-11-06 HOLD 27.23 16.67 33.45 20.19
Bridgewell Limited 20-12-06 BUY 25.94 15.87 30.92 18.92
Evolution Securi... 18-12-06 ADD 26.86 16.30 34.13 20.89
ABN AMRO 26-10-06 BUY 27.47 16.82 32.77 20.05
Canaccord Adams 12-12-06 BUY 25.03 15.93 31.65 19.59
Shore Capital 04-12-06 BUY 23.38 14.19 28.13 17.02
Charles Stanley ... 20-10-06 BUY 29.00 18.00 32.40 19.70
Altium Securities 23-10-06 BUY 28.15 17.21 33.25 20.03

2006 2007
Pre-tax (£) EPS(p) DPS(p) Pre-tax(£) EPS(p) DPS(p)
Consensus Consensus 26.50 16.17 32.19 19.78
1 Month Change -0.87 -0.51 -0.40 -0.24
3 Month Change -4.80 -2.95 -6.81 -4.29
Growth (%) 11.52 22.32
Standard Deviation (p) 0.98 1.55
PE Prospective (x) 17.25 14.10