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Elektron – Not a Good tip from me, do we hang on?

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- Tom Winnifrith

initially recommended shares in Elektron Technology (LSE:EKT), a designer and manufacturer of precision engineered components for connectivity, instrumentation, monitoring and control, in April 2011 at 37.25p as the company looked be recovering well from the impacts of recession and customer de-stocking. The shares initially performed well for, the site I foundfed in my bedroom and ran for 12 years until this September,– hitting a high of 45p in the month following the recommendation. However, as macro economic progress has once again stalled so too has Elektron’s profit recovery – as most recently witnessed by results released in September for the six months to 31st July 2012. The shares are now 18.5p valuing Elektron at £22 million. I apologise for having made a bad call in my initial recommendation. What to do now? Is this a red hot penny share?

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