Creston’s brief year-end trading update indicates that FY16 revenue and earnings figures will be in line with indications given in January and our expectations. However, the cash performance is significantly better than we had anticipated at over £1m. FY17 should benefit from more focused recent attention to overhead management after the less consistent trading in H216, with no trading improvement currently factored in. The valuation remains at a significant discount to other smal
18 Apr 2016
Strong cash performance
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Strong cash performance
Conduit Holdings Ltd. (CRE:LON) | 498 0 0.0% | Mkt Cap: 823.3m
- Published:
18 Apr 2016 -
Author:
Fiona Orford-Williams -
Pages:
3
Creston’s brief year-end trading update indicates that FY16 revenue and earnings figures will be in line with indications given in January and our expectations. However, the cash performance is significantly better than we had anticipated at over £1m. FY17 should benefit from more focused recent attention to overhead management after the less consistent trading in H216, with no trading improvement currently factored in. The valuation remains at a significant discount to other smal