In Norcros’s first half, the company delivered improved profitability, made significant organic business investment and completed an earnings enhancing UK acquisition. Merlyn is a highly complementary business and a logical addition to the business portfolio. Taken together, we raised our current year EPS by c 4% and by c 7% and c 9% in the following two years, with dividends nudged up also. The share price has performed well on this newsflow but Norcros still represents good value, in
02 Jan 2018
Norcros - Organic and acquisitive earnings growth
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Norcros - Organic and acquisitive earnings growth
Norcros plc (NXR:LON) | 184 -12.9 (-3.8%) | Mkt Cap: 164.6m
- Published:
02 Jan 2018 -
Author:
Toby Thorrington -
Pages:
8
In Norcros’s first half, the company delivered improved profitability, made significant organic business investment and completed an earnings enhancing UK acquisition. Merlyn is a highly complementary business and a logical addition to the business portfolio. Taken together, we raised our current year EPS by c 4% and by c 7% and c 9% in the following two years, with dividends nudged up also. The share price has performed well on this newsflow but Norcros still represents good value, in