SQS has delivered a strong H1 performance, seemingly well on track for our full year estimates. We make no changes to estimates other than an increase in forecast net debt, and take comfort from the fact that these results have been delivered largely through growth in the strategic areas of the US market and Managed Services. The newly-announced Management Consulting service line should open additional revenue opportunities. We make no change to our Target Price (650p) and reiterate our Buy r
06 Sep 2016
Broadening the addressable market(s)
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Broadening the addressable market(s)
Leverage Shares -1x Short Square ETP (SQS:LON) | 465 65.2 3.1% | Mkt Cap: 0.20m
- Published:
06 Sep 2016 -
Author:
Gareth Evans -
Pages:
3
SQS has delivered a strong H1 performance, seemingly well on track for our full year estimates. We make no changes to estimates other than an increase in forecast net debt, and take comfort from the fact that these results have been delivered largely through growth in the strategic areas of the US market and Managed Services. The newly-announced Management Consulting service line should open additional revenue opportunities. We make no change to our Target Price (650p) and reiterate our Buy r