Recentric’s full year results to March ’15 showed the progress made since the InTechnology (IMS) acquisition in November ’13. A clean year allowed the organic growth to be seen clearly with revenue and adjusted EBITDA both coming in slightly ahead of expectations. With strong momentum in the existing business and significant balance sheet strength to explore further earnings enhancing acquisitions, we believe the shares deserve a premium rating. We increase our TP from 165p to 179p, a blend of 1 ....
16 Jun 2015
Clean year showcases organic growth
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Clean year showcases organic growth
Redcentric Plc (RCN:LON) | 142 0 0.0% | Mkt Cap: 225.1m
- Published:
16 Jun 2015 -
Author:
N+1 Singer Team -
Pages:
8
Recentric’s full year results to March ’15 showed the progress made since the InTechnology (IMS) acquisition in November ’13. A clean year allowed the organic growth to be seen clearly with revenue and adjusted EBITDA both coming in slightly ahead of expectations. With strong momentum in the existing business and significant balance sheet strength to explore further earnings enhancing acquisitions, we believe the shares deserve a premium rating. We increase our TP from 165p to 179p, a blend of 1 ....