Gamble of the week: cash-rich radio equipment supplier

With a sound balance sheet, cutting-edge products and low exposure to bad debt, Paul Hill believes this stock offers good value to the more adventurous investor.

Back in the 1990s when mobile phones were first launched, it became apparent that the police, ambulance and fire services would need their own dedicated wireless network.

This network would need to be separate from the public Global System for Mobile communications (GSM) to prevent the interception of voice-calls and ensure it was functioning 100% of the time to handle emergencies.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.