(ABDP: AIM) £14.00


Gain to date: 49% Orig­i­nal en­try point: Buy at 937.5p, 21 De­cem­ber 2017

A VERY IM­PRES­SIVE trad­ing up­date on 4 Oc­to­ber has given an­other lift to AB Dy­nam­ics (ABDP: AIM), one of our top picks of the year.

The au­to­mo­tive test­ing ex­pert says rev­enue and pre-tax profit for the year to 31 Au­gust 2018 has ‘sig­nif­i­cantly’ ex­ceeded pre­vi­ous mar­ket fore­casts. We’ll get a bet­ter idea of the num­bers when the re­sults are pub­lished on 14 Novem­ber.

That event will also be the first chance to hear from new chief ex­ec­u­tive James Routh who started on 1 Oc­to­ber, al­though it may be too early for him to com­ment on any big strate­gic plans.

‘We think that the group is likely to have seen strength across a num­ber of global ge­ogra­phies with com­men­su­rate lev­els of sales and de­liv­er­ies in the ADAS tar­gets and steer­ing ro­bot busi­nesses,’ says Gareth Evans, an an­a­lyst at Pro­gres­sive Eq­uity Re­search.

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