Macfarlane Group has released a trading update for the 4 months to 31 October demonstrating the resilience of the Group’s activities and strategy. Assuming the normal seasonal uplift through Q4, the Board expects full year results to be ahead of last year and in line with its expectations. In our view, the current share price does not reflect the relative defensive characteristics of the business and thus we see today’s update as an endorsement of strategy and believe the stock sh
20 Nov 2019
Resilience Mispriced
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Resilience Mispriced
Macfarlane Group PLC (MACF:LON) | 145 0 0.0% | Mkt Cap: 231.0m
- Published:
20 Nov 2019 -
Author:
Andrew Simms -
Pages:
5
Macfarlane Group has released a trading update for the 4 months to 31 October demonstrating the resilience of the Group’s activities and strategy. Assuming the normal seasonal uplift through Q4, the Board expects full year results to be ahead of last year and in line with its expectations. In our view, the current share price does not reflect the relative defensive characteristics of the business and thus we see today’s update as an endorsement of strategy and believe the stock sh