With UKP130m pre-tax in prospect for the year to March 1989, the combined Ferranti-ISC seems undervalued at the levels the shares were trading at yesterday following the merger announcement (see front), and the news also had an effect on the other major players in the sector, with Plessey the subject of frenzied gossip that named […]
With UKP130m pre-tax in prospect for the year to March 1989, the combined Ferranti-ISC seems undervalued at the levels the shares were trading at yesterday following the merger announcement (see front), and the news also had an effect on the other major players in the sector, with Plessey the subject of frenzied gossip that named GEC and STC as partners in breaking it up: about as likely as that we’ll get an unbroken heatwave from now until mid-November, but it was good for another tenpence on the Plessey share price, taking up it to 210p.
