A positive RNS reach this morning providing a reassuring update on Masterton Bond – the new in-house warehouse and supply chain facility. This is progressing to schedule and on budget. A c.2% operating margin uplift is anticipated from the investment with gains expected early in FY23. We make no forecast changes and maintain high conviction around FY22 being another year of strong execution and delivery against expectations. Despite not putting a foot wrong since IPO, the shares are oversold - b ....
15 Nov 2022
Further positive strategic news
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Further positive strategic news
Artisanal Spirits Company PLC (ART:LON) | 43.0 -0.4 (-2.3%) | Mkt Cap: 30.3m
- Published:
15 Nov 2022 -
Author:
Sahill Shan -
Pages:
3
A positive RNS reach this morning providing a reassuring update on Masterton Bond – the new in-house warehouse and supply chain facility. This is progressing to schedule and on budget. A c.2% operating margin uplift is anticipated from the investment with gains expected early in FY23. We make no forecast changes and maintain high conviction around FY22 being another year of strong execution and delivery against expectations. Despite not putting a foot wrong since IPO, the shares are oversold - b ....