H1 2016 PBT (Norm) improved materially YoY to £605k (Norm) +729%. The increased 2014 YOA return on capacity estimate drives the 9% rise in our FY16E PBT to £807k, with scope to revisit this again post the Q11 update. The proposed capital raise announced today will fund future LLV acquisitions to grow capacity and value for investors. We upgrade our PBT estimates by 25% for 2017E and 36% for 2018E as a result, plus we continue to see potential for further upgrades to 2016-18E PBT g
30 Sep 2016
Moving forward
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Moving forward
Helios Underwriting PLC (HUW:LON) | 155 0 0.0% | Mkt Cap: 115.9m
- Published:
30 Sep 2016 -
Author:
Joanna Parsons -
Pages:
10
H1 2016 PBT (Norm) improved materially YoY to £605k (Norm) +729%. The increased 2014 YOA return on capacity estimate drives the 9% rise in our FY16E PBT to £807k, with scope to revisit this again post the Q11 update. The proposed capital raise announced today will fund future LLV acquisitions to grow capacity and value for investors. We upgrade our PBT estimates by 25% for 2017E and 36% for 2018E as a result, plus we continue to see potential for further upgrades to 2016-18E PBT g