Helios will report FY2016 results on 30 May. Following the announcement of strong results for its 2014 YOA portfolio (return on capacity of 15.5%), we upgraded FY2016E PBT Norm by 13% to £1.016m/7.9p EPS and increased the dividend to 4.5p (+29%). Helios continues to use the capital raised to buy LLVs and we expect further acquisitions through 2017. The group is steadily growing its portfolio whilst waiting for an opportunity to accelerate its acquisition strategy as more Names look to e
22 May 2017
Doing what it says on the tin
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Doing what it says on the tin
Helios Underwriting PLC (HUW:LON) | 155 0 0.0% | Mkt Cap: 115.9m
- Published:
22 May 2017 -
Author:
Joanna Parsons -
Pages:
3
Helios will report FY2016 results on 30 May. Following the announcement of strong results for its 2014 YOA portfolio (return on capacity of 15.5%), we upgraded FY2016E PBT Norm by 13% to £1.016m/7.9p EPS and increased the dividend to 4.5p (+29%). Helios continues to use the capital raised to buy LLVs and we expect further acquisitions through 2017. The group is steadily growing its portfolio whilst waiting for an opportunity to accelerate its acquisition strategy as more Names look to e