The group’s Q2 trading update shows decent growth continuing, with unit sales up 13%. Progress continues to be made on a number of its strategic and commercial objectives. The outlook indicates a strong potential pipeline and a seasonally stronger H2 and improving margin mix. FY trading is anticipated to be in line with management expectations. No change to forecasts. The shares remain significantly undervalued in our view, with our 35p price target offering plenty of upside
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Q2 trading update: good progress
- Published:
03 Aug 2015 -
Author:
David Buxton - Pages:
The group’s Q2 trading update shows decent growth continuing, with unit sales up 13%. Progress continues to be made on a number of its strategic and commercial objectives. The outlook indicates a strong potential pipeline and a seasonally stronger H2 and improving margin mix. FY trading is anticipated to be in line with management expectations. No change to forecasts. The shares remain significantly undervalued in our view, with our 35p price target offering plenty of upside