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Starcom a speculative buy on its US growth drive

By Robert Tyerman | Friday 20 November 2015


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.


Currently unloved Starcom (STAR), Israel-based specialist in remote tracking and monitoring of assets and people, is planning to launch a Mark 2 version of its Watchlock high-security padlock and hoping to clinch a big contract for its Helios vehicle tracking range, as founder and chief executive officer Avi Hartmann celebrates what he argues is a transformational joint venture to grow the company in the key North American market.  Loss-making Starcom, whose shares spiked up to 21.75p in January on rumours of a deal with Japanese motor giant Honda before crumbling back to a lowly 2.25p now, has formed a distribution and product development partnership with Florida-based SATO Global Solutions, part of Japan’s £600 million-turnover SATO Holdings, market leader in  automatic identification and data capture.


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