Pinewood has delivered an excellent set of FY15 finals resulting in a 5.5% EPS beat and implying 17% y/y growth. Operationally there is good evidence of the business having strong momentum and PSDF1 is progressing positively. FY16 has got off to a strong start with good visibility cited for the year. We push through 3 year EPS upgrades of 11% / 5% / 2%. Overall, the tenor of the finals reinforce the strength of Pinewood’s offering and once new capacity is operational, there exists significant sc ....
