Norcros has continued to deliver against our expectations and AGM comments reinforce expectations of progress. The strategy of building a larger complementary business portfolio has been executed well to date and the company retains the financial flexibility to continue this process. Such activity may provide a catalyst for a re-rating but there is already scope for this to happen in our view.
31 Aug 2017
Re-rating potential
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Re-rating potential
Norcros plc (NXR:LON) | 187 -4.7 (-1.3%) | Mkt Cap: 167.2m
- Published:
31 Aug 2017 -
Author:
Toby Thorrington -
Pages:
14
Norcros has continued to deliver against our expectations and AGM comments reinforce expectations of progress. The strategy of building a larger complementary business portfolio has been executed well to date and the company retains the financial flexibility to continue this process. Such activity may provide a catalyst for a re-rating but there is already scope for this to happen in our view.