This morning’s trading update reaffirms that trading in FY2017 was in line with market expectations as was net cash of £1.6m at end of December 2017. At this stage, we make no changes to any of our forecasts. In our view, the business has stabilised and management is now focused on delivering the uplift in sales required to deliver positive EBITDA trading (on a monthly basis) in FY2018. With greater confidence in our future cash flow projections we upgrade our DCF-derived target p
10 Jan 2018
In-line trading update a sign of stabilisation
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In-line trading update a sign of stabilisation
- Published:
10 Jan 2018 -
Author:
Robert Sanders -
Pages:
2
This morning’s trading update reaffirms that trading in FY2017 was in line with market expectations as was net cash of £1.6m at end of December 2017. At this stage, we make no changes to any of our forecasts. In our view, the business has stabilised and management is now focused on delivering the uplift in sales required to deliver positive EBITDA trading (on a monthly basis) in FY2018. With greater confidence in our future cash flow projections we upgrade our DCF-derived target p