05 Feb 2018
Facility upgrade supports competitive advantage
Following the business update on 5th January, we have updated forecasts to reflect the impact of ongoing and planned facility upgrades in the US and UK. Although we downgrade near-term EBITDA estimates, we forecast significant operational efficiency gains over the medium term. We believe the current discount to peers is unwarranted, and reiterate our positive stance.
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Facility upgrade supports competitive advantage
Abzena (ABZA:LON) | 0 0 (-0.9%) | Mkt Cap: 54.0m
- Published:
05 Feb 2018 -
Author:
Dr Jens Lindqvist -
Pages:
3
Following the business update on 5th January, we have updated forecasts to reflect the impact of ongoing and planned facility upgrades in the US and UK. Although we downgrade near-term EBITDA estimates, we forecast significant operational efficiency gains over the medium term. We believe the current discount to peers is unwarranted, and reiterate our positive stance.