Ferguson ended FY18/19 on a strong note – though the top-line performance was mediocre, margin resilience impressed the investors. In the softening US housing / construction market, management should be able to keep expenses in check, in turn aiding the bottom-line. Moreover, the Board has commenced a review of various options to get Ferguson listed in the US. Further clarity / development in this direction should support the share price, in our view.
03 Oct 2019
Profitability supported by the cost-saving actions
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Profitability supported by the cost-saving actions
Ferguson Plc (FERG:LON) | 16,885 -32925.8 (-1.1%) | Mkt Cap: 34,245m
- Published:
03 Oct 2019 -
Author:
Mohit Rathi -
Pages:
3
Ferguson ended FY18/19 on a strong note – though the top-line performance was mediocre, margin resilience impressed the investors. In the softening US housing / construction market, management should be able to keep expenses in check, in turn aiding the bottom-line. Moreover, the Board has commenced a review of various options to get Ferguson listed in the US. Further clarity / development in this direction should support the share price, in our view.