An AGM update confirmed much of the year-end messaging and management expectations for FY20 are unchanged. Order book positions in the UK and India remain encouraging and there have been no discernible changes in pipeline opportunities. The earnings outlook appears solid and the 8.4x P/E and 4.9% prospective yield have appeal.
10 Sep 2019
Severfield - Stable outlook
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Severfield - Stable outlook
Severfield Plc (SFR:LON) | 68.0 0.5 1.2% | Mkt Cap: 210.5m
- Published:
10 Sep 2019 -
Author:
Toby Thorrington -
Pages:
3
An AGM update confirmed much of the year-end messaging and management expectations for FY20 are unchanged. Order book positions in the UK and India remain encouraging and there have been no discernible changes in pipeline opportunities. The earnings outlook appears solid and the 8.4x P/E and 4.9% prospective yield have appeal.