The group’s trading update points to a recent delay in customer programmes, which will result in a deferral of around £2.7m of work scheduled for FY21 to FY22. This is a frustrating setback, though no business has been lost. The acceleration in activity and increase in production previously anticipated will now not occur following satisfactory trading in H1. We are cutting FY21 profit by £0.8m to £0.2m with no change to FY22 forecasts. We trim back our price target from 125p to 110p, reflecting ....
17 Mar 2021
LPA Group - AGM trading update, rescheduling of rail orders
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
LPA Group - AGM trading update, rescheduling of rail orders
LPA Group Plc (LPA:LON) | 64.0 0 0.0% | Mkt Cap: 8.65m
- Published:
17 Mar 2021 -
Author:
David Buxton -
Pages:
4
The group’s trading update points to a recent delay in customer programmes, which will result in a deferral of around £2.7m of work scheduled for FY21 to FY22. This is a frustrating setback, though no business has been lost. The acceleration in activity and increase in production previously anticipated will now not occur following satisfactory trading in H1. We are cutting FY21 profit by £0.8m to £0.2m with no change to FY22 forecasts. We trim back our price target from 125p to 110p, reflecting ....