Trading in H1 has been in line with expectations. As we have said previously, valuation is always the moot point with Halma, now on a P/E of c.22.4x Mar 16, and ahead of the ratings of (equally) high quality US peers such as Danaher. We await further information at the presentation but expect to remain at Sell on valuation grounds.
17 Nov 2015
Trading in line
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Trading in line
Halma plc (HLMA:LON) | 2,178 -805.7 (-1.7%) | Mkt Cap: 8,267m
- Published:
17 Nov 2015 -
Author:
Jon Lienard -
Pages:
3
Trading in H1 has been in line with expectations. As we have said previously, valuation is always the moot point with Halma, now on a P/E of c.22.4x Mar 16, and ahead of the ratings of (equally) high quality US peers such as Danaher. We await further information at the presentation but expect to remain at Sell on valuation grounds.