Trackwise has reported results broadly in line with our operating profit forecasts. However, IHT order trends have shown delays, in large part due to specific customer issues which cause us to push growth to the right and cut 2019 forecasts. However, further acceleration in customer inquiries, and broadening of potential sector exposure highlight a greater opportunity and provide cause for optimism so we reiterate our buy rating.
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2018 Results – Accelerating Pipeline
- Published:
11 Apr 2019 -
Author:
Andrew Simms -
Pages:
3
Trackwise has reported results broadly in line with our operating profit forecasts. However, IHT order trends have shown delays, in large part due to specific customer issues which cause us to push growth to the right and cut 2019 forecasts. However, further acceleration in customer inquiries, and broadening of potential sector exposure highlight a greater opportunity and provide cause for optimism so we reiterate our buy rating.