SQS has released a positive AGM trading update, which confirms that the group is on track during the early part of 2016, both in terms of its delivery on forecasts, and with regard to its strategic developments on a number of fronts. Overall the update is reassuring and provides confidence that the group has begun 2016 in a positive way, driven by acquisitions in new geographies and an increasing focus on higher-growth/defensible areas. We make no change to our forecasts, our TP 650p or our B

25 May 2016
Reassuring AGM trading update

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Reassuring AGM trading update
Leverage Shares -1x Short Square ETP (SQS:LON) | 457 -50.3 (-2.4%) | Mkt Cap: 0.24m
- Published:
25 May 2016 -
Author:
Gareth Evans -
Pages:
2 -
SQS has released a positive AGM trading update, which confirms that the group is on track during the early part of 2016, both in terms of its delivery on forecasts, and with regard to its strategic developments on a number of fronts. Overall the update is reassuring and provides confidence that the group has begun 2016 in a positive way, driven by acquisitions in new geographies and an increasing focus on higher-growth/defensible areas. We make no change to our forecasts, our TP 650p or our B