Trading for the four months to end December continued the positive trend of the first two to October. We understand that both constant currency trading and exchange rates have been favourable. Cash has also grown encouragingly, reflecting net receipts from the strong sales in late FY16 as well as early FY17. Recent softness in the shares represents excellent medium-term value for a niche market leader with positive growth.
10 Jan 2017
Positive momentum on trading and cash
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Positive momentum on trading and cash
Focusrite PLC (TUNE:LON) | 320 0 0.0% | Mkt Cap: 189.5m
- Published:
10 Jan 2017 -
Author:
Paul Hickman -
Pages:
3
Trading for the four months to end December continued the positive trend of the first two to October. We understand that both constant currency trading and exchange rates have been favourable. Cash has also grown encouragingly, reflecting net receipts from the strong sales in late FY16 as well as early FY17. Recent softness in the shares represents excellent medium-term value for a niche market leader with positive growth.