Focusrite (AIM: TUNE) excellent results despite currency headwinds, this looks a cracker!
The global music and audio products company announced terrific results for the year ended 31 August 2015- the first set of full year results since IPO. Currency headwinds have seen the broker pull back in expectations for next year but this looks a cracking business and it’s certainly a different one for AIM.The shares sold off on the broker downgrade so it could be an interesting buying opportunity?
Focusrite is a global music and audio company, providing hardware and software products used by professionals and amateur musicians through two exciting brands; Focusrite and Novation. We published a detailed commentary on the business on 31st March 2015 which is available here.
Although only recently listed (December 2014), Focusrite is by no means a start-up. Founded in 1989, the Group has an impressive 26 year track record of developing and supplying products for high…
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