Fund manager’s share tip of the week: Spectris
Each week we look at a promising share listed in the FTSE 250. This week: Spectris, which helps make bar code scanners and decoders 
Electrical products maker Spectris has been one particular of the worst-doing shares in the FTSE 250 this yr, but this has opened up a buying chance, in accordance to Michael Ulrich, who runs the F&C United kingdom Mid-Cap fund.
The company, which tends to make bar code scanners and decoders as properly as testing and manage equipment for the mining and pharmaceutical sectors, has suffered from a dip in product sales for some of its merchandise.
This has led investors to the exits, sending the shares down 25pc this year to just over £19.
But Mr Ulrich explained he expected the company’s fortunes would modify.
He said new laws launched in China for pharmaceutical items would benefit the enterprise in the coming many years.
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“The firm will benefit from this new regulation which demands much more testing and measurement. The company has suffered a number of setbacks – a fall in orders from mining organizations and European academic institutions has decreased revenue – but I think the current demand weakness is effectively factored into the share price and is not long term,” stated Mr Ulrich.
Final month the Surrey-primarily based company reported a 10pc decline in half-yr pre-tax revenue. As properly as currently being harm by reduced demand for its merchandise, the firm’s revenues have also been hit by the strong pound, as the organization makes the vast majority of its revenues outside Britain.
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