PUNT OF THE WEEK: Security tech firm Indigovision supplies everything from body-worn cameras to security management software
AIM-listed Indigovision sells CCTV and video security systems to customers such as prisons, casinos, airports
What is it?
An AIM-listed group that sells CCTV and video security systems to customers such as prisons, casinos, airports and shopping centres.
Edinburgh-based Indigovision supplies everything from body-worn cameras to security management software.
What’s the latest?
Revenue rose 9 per cent last year and it swung from a £490,000 loss in 2018 to a £997,000 profit.
In November it completed its first-ever acquisition, buying a Portuguese company called Agorasys for £2.6million that integrates security systems from different manufacturers.
Who backs it?
Activist investor New Pistoia Income is the largest shareholder with a 28.2 per cent stake.
Former Volvo boss Peter Gyllenhammar has a 4.4 per cent holding, while other backers include Hargreaves Lansdown and Barclays Wealth.
Why should you invest?
The company recently reinstated its dividend and it plans to hand more money back to investors through share buybacks or one-off payments.
Why you shouldn’t you?
The coronavirus outbreak could disrupt manufacturing for some of its suppliers.