27 Aug 2015
Excellent interims. Shares oversold on growth/yield criteria
Churchill has navigated strong comps and FX headwind to post another excellent set of results. PBT in H1 grew by 12%, but adjusting for FX, underlying growth was a very impressive 38%. This performance has laid a good platform for H2. The strategic and operational tenor remains positive. Prudence dictates no change to forecasts at this stage but the risk is on the upside. The shares, on an ex-cash P/E of 13x and a 3.4% dividend yield, have been oversold in recent weeks, thus offering an excellen ....
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Excellent interims. Shares oversold on growth/yield criteria
Churchill China plc (CHH:LON) | 1,200 0 0.0% | Mkt Cap: 132.0m
- Published:
27 Aug 2015 -
Author:
Sahill Shan -
Pages:
5
Churchill has navigated strong comps and FX headwind to post another excellent set of results. PBT in H1 grew by 12%, but adjusting for FX, underlying growth was a very impressive 38%. This performance has laid a good platform for H2. The strategic and operational tenor remains positive. Prudence dictates no change to forecasts at this stage but the risk is on the upside. The shares, on an ex-cash P/E of 13x and a 3.4% dividend yield, have been oversold in recent weeks, thus offering an excellen ....