The recent share price performance (c.-20%) offers investors’ an attractive entry point into a market leading business that continues to win market share due to its competitive advantages. Today’s statement reinforces the view that trading has been strong and should it continue in a similar vein during H2 forecast risk is to the upside. We leave estimates unchanged acknowledging the recent referendum and its potential impact on consumer confidence, the wider UK economy and cost in
19 Jul 2016
Trading in line indicating that recent share price weakness offers an opportunity
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Trading in line indicating that recent share price weakness offers an opportunity
- Published:
19 Jul 2016 -
Author:
Andy Hanson -
Pages:
6
The recent share price performance (c.-20%) offers investors’ an attractive entry point into a market leading business that continues to win market share due to its competitive advantages. Today’s statement reinforces the view that trading has been strong and should it continue in a similar vein during H2 forecast risk is to the upside. We leave estimates unchanged acknowledging the recent referendum and its potential impact on consumer confidence, the wider UK economy and cost in