The group has announced a positive H1 trading update, with N. America again seeing stronger than expected trading, particularly in the last two months of H1, with momentum continuing into H2. As such, management has upgraded its FY21 guidance, prompting us to upgrade EPS by 13.6% in both FY21 and FY22. Therefore we have also increased our PT by a similar amount to 590p, providing good upside scope, with the shares remaining undervalued to the peer group and with strong cash flow and dividend att ....
07 Jul 2021
Somero Enterprises - Positive H1 trading update – upgrade to forecasts
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Somero Enterprises - Positive H1 trading update – upgrade to forecasts
Somero Enterprises, Inc. (SOM:LON) | 335 0 0.0% | Mkt Cap: 184.7m
- Published:
07 Jul 2021 -
Author:
David Buxton -
Pages:
4
The group has announced a positive H1 trading update, with N. America again seeing stronger than expected trading, particularly in the last two months of H1, with momentum continuing into H2. As such, management has upgraded its FY21 guidance, prompting us to upgrade EPS by 13.6% in both FY21 and FY22. Therefore we have also increased our PT by a similar amount to 590p, providing good upside scope, with the shares remaining undervalued to the peer group and with strong cash flow and dividend att ....