Interim results demonstrate YoY growth and a resilient outcome that has exceeded management's expectations from the start of the Covid-19 pandemic. This is testament to the degree of recurring revenue generated across the business. FY21 trading looks to be more challenging, as notably lower new insurance sales post-lockdown will translate into lower premium income. A number of organic opportunities are being worked on to fill the shortfall. Rising UK redundancies and their impact on policyholder ....
22 Sep 2020
Cenkos: Personal Group Holdings Plc -- Resilience through turbulent times
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Cenkos: Personal Group Holdings Plc -- Resilience through turbulent times
Personal Group Holdings Plc (PGH:LON) | 161 0.8 0.3% | Mkt Cap: 50.3m
- Published:
22 Sep 2020 -
Author:
Cavendish Research -
Pages:
7
Interim results demonstrate YoY growth and a resilient outcome that has exceeded management's expectations from the start of the Covid-19 pandemic. This is testament to the degree of recurring revenue generated across the business. FY21 trading looks to be more challenging, as notably lower new insurance sales post-lockdown will translate into lower premium income. A number of organic opportunities are being worked on to fill the shortfall. Rising UK redundancies and their impact on policyholder ....