Three acquisitions in recent months highlight an opportunity-rich corporate landscape for Macfarlane, providing for growing market share and progressive earnings enhancement; we have now increased our FY17 earnings forecasts by a cumulative 5% in recent months. The growth strategy is being part funded by equity raisings and, as liquidity improves, we believe the shares will increasingly appear on the radar of growth funds attracted to double digit earnings growth forecasts. The shares look in
26 Jul 2016
Acquisition of Nelsons
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Acquisition of Nelsons
Macfarlane Group PLC (MACF:LON) | 144 -0.7 (-0.3%) | Mkt Cap: 230.2m
- Published:
26 Jul 2016 -
Author:
Ben Thefaut -
Pages:
6
Three acquisitions in recent months highlight an opportunity-rich corporate landscape for Macfarlane, providing for growing market share and progressive earnings enhancement; we have now increased our FY17 earnings forecasts by a cumulative 5% in recent months. The growth strategy is being part funded by equity raisings and, as liquidity improves, we believe the shares will increasingly appear on the radar of growth funds attracted to double digit earnings growth forecasts. The shares look in