Following the FY19 prelims in July, we update our forecasts for FY20 (~12% reduction in adj. PBT) allowing for reduced contributions from UK housebuilding, margin pressures in Ireland, and general uncertainty in the near-term. We reiterate our Buy recommendation.
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Forecast update; maintain Buy
- Published:
03 Oct 2019 - Author:
-
Pages:
5
Following the FY19 prelims in July, we update our forecasts for FY20 (~12% reduction in adj. PBT) allowing for reduced contributions from UK housebuilding, margin pressures in Ireland, and general uncertainty in the near-term. We reiterate our Buy recommendation.