Jersey Electricity (JEL) is delivering attractive and stable returns for its shareholders and secure, affordable, low-carbon electricity for its customers. We forecast a continuation of the favourable returns and an improving cash flow profile, which should underpin attractive dividend growth. At its current share price JEL is trading at a significant discount to both its sum-of-the-parts (SOTP) and peer group valuation multiples.
03 Mar 2017
Stable returns and improving cash flow
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Stable returns and improving cash flow
Jersey Electricity plc Class A (JEL:LON) | 460 0 0.0% | Mkt Cap: 140.9m
- Published:
03 Mar 2017 -
Author:
Graeme Moyse -
Pages:
14
Jersey Electricity (JEL) is delivering attractive and stable returns for its shareholders and secure, affordable, low-carbon electricity for its customers. We forecast a continuation of the favourable returns and an improving cash flow profile, which should underpin attractive dividend growth. At its current share price JEL is trading at a significant discount to both its sum-of-the-parts (SOTP) and peer group valuation multiples.