Steve Moore and I worked together at t1ps.com from the day he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty website but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you his analysis of Electrocomponents. Steve writes...
Shares in Electrocomponents plc (ECM), a FTSE 250 international distributor of electronics and maintenance products, have recovered from early 2009 lows of 117.5p to a current 251p, though it has not been a smooth ride. The shares actually reached more than 290p by mid 2011 but traded only a little above 200p in early December 2012 before recovering to their current level. The following updates on the valuation post a trading update from the company for its year ending 31st March 2013…
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