Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In my previous analysis of Oxford Instruments (OXIG), the first technology business to be spun out from Oxford University over fifty years ago and now a FTSE-250 business designing, supplying and supporting high-technology tools and systems for the research and industrial sectors, I noted that the company had some cyclical exposure (particularly through its ‘industrial products’ business) and that the rating looked to leave precious little room for any disappointment. That was in April when the shares were trading at 1600p...
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