Half-year results illustrate a generally robust performance, with good revenue growth and creditable margin expansion. Results were in line with expectations, while the 32% dividend increase was much stronger than we anticipated. The results place the group comfortably on track to achieve current forecasts, recently upgraded in July, with strong US trading conditions providing good momentum for H2. The shares look good value on this basis, having also seen some recent profit taking. Our 205p
06 Sep 2016
Robust interim results performance
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Robust interim results performance
Somero Enterprises, Inc. (SOM:LON) | 335 0 0.0% | Mkt Cap: 184.7m
- Published:
06 Sep 2016 -
Author:
David Buxton -
Pages:
12
Half-year results illustrate a generally robust performance, with good revenue growth and creditable margin expansion. Results were in line with expectations, while the 32% dividend increase was much stronger than we anticipated. The results place the group comfortably on track to achieve current forecasts, recently upgraded in July, with strong US trading conditions providing good momentum for H2. The shares look good value on this basis, having also seen some recent profit taking. Our 205p