H1 results confirm management has made advances in all parts of the business, with sales growth accelerating to levels ahead of both internal and market forecasts in Q2 despite a much tougher comp. This has continued into Q3. Full year sales guidance has been upgraded as a result, and the surplus re-invested. As noted in prior research, Wholesale is progressing well and there could be substantial value in its PLT option. Our confidence in forecasts and value upside therefore continues to build. ....
29 Sep 2015
Growth trajectory back on track, re-rating overdue
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Growth trajectory back on track, re-rating overdue
boohoo group Plc (BOO:LON) | 33.4 -0.2 (-1.4%) | Mkt Cap: 423.9m
- Published:
29 Sep 2015 -
Author:
Matthew McEachran -
Pages:
4
H1 results confirm management has made advances in all parts of the business, with sales growth accelerating to levels ahead of both internal and market forecasts in Q2 despite a much tougher comp. This has continued into Q3. Full year sales guidance has been upgraded as a result, and the surplus re-invested. As noted in prior research, Wholesale is progressing well and there could be substantial value in its PLT option. Our confidence in forecasts and value upside therefore continues to build. ....