We update our forecasts for the recent acquisitions of Amimon and Rycote. Our 2018 EPS forecasts remained broadly unchanged but with a good boost of 6% in 2019 as the benefits of Amimon come through. The deal makes strategic sense, providing some vertical integration and makes use of the Group’s strong cashflow and balance sheet, a key part of our investment thesis, while adding further organic growth potential so we maintain our buy rating.
04 Dec 2018
Updating forecasts for Amimon acquisition
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Updating forecasts for Amimon acquisition
Videndum PLC (VID:LON) | 287 0 0.0% | Mkt Cap: 270.4m
- Published:
04 Dec 2018 -
Author:
Andrew Simms -
Pages:
3
We update our forecasts for the recent acquisitions of Amimon and Rycote. Our 2018 EPS forecasts remained broadly unchanged but with a good boost of 6% in 2019 as the benefits of Amimon come through. The deal makes strategic sense, providing some vertical integration and makes use of the Group’s strong cashflow and balance sheet, a key part of our investment thesis, while adding further organic growth potential so we maintain our buy rating.