Severfield’s (SFR’s) AGM statement retained management’s existing guidance for FY19. The year has started well in the UK – a more even profit profile is anticipated overall – and confidence in the Indian JV’s outlook is supporting plans for further investment. Overall, it is a very solid update with a consistent message to investors. The recent ex-dividend share price move has increased the attraction of earnings-based valuation multiples.
05 Sep 2018
Severfield - Good, balanced UK trading, India orders growing
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Severfield - Good, balanced UK trading, India orders growing
Severfield Plc (SFR:LON) | 68.0 0.5 1.2% | Mkt Cap: 210.5m
- Published:
05 Sep 2018 -
Author:
Toby Thorrington -
Pages:
3
Severfield’s (SFR’s) AGM statement retained management’s existing guidance for FY19. The year has started well in the UK – a more even profit profile is anticipated overall – and confidence in the Indian JV’s outlook is supporting plans for further investment. Overall, it is a very solid update with a consistent message to investors. The recent ex-dividend share price move has increased the attraction of earnings-based valuation multiples.