Journeo has released a positive trading update following their half-year ending 30 June 2022. The release documents a healthy period of trading and points towards FY22E being another record year for revenue. A new follow-on contract at Heathrow Airport, worth £0.9m, has been announced. The current trading is in-line with our expectations and we leave forecasts unchanged. Journeo remains materially undervalued given its top-line revenue growth and its progress on the SaaS business model. It curre ....
01 Aug 2022
Cenkos: Journeo Plc -- No roadblocks in sight
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Cenkos: Journeo Plc -- No roadblocks in sight
Journeo plc (JNEO:LON) | 248 -6.2 (-1.0%) | Mkt Cap: 40.8m
- Published:
01 Aug 2022 -
Author:
Andrew Renton -
Pages:
6
Journeo has released a positive trading update following their half-year ending 30 June 2022. The release documents a healthy period of trading and points towards FY22E being another record year for revenue. A new follow-on contract at Heathrow Airport, worth £0.9m, has been announced. The current trading is in-line with our expectations and we leave forecasts unchanged. Journeo remains materially undervalued given its top-line revenue growth and its progress on the SaaS business model. It curre ....