While current trading is a beneficiary of Sterling weakness, near-term FX volatility prevents us from upgrading our FY forecasts at this stage. In the event, however, that Euro and Yen exchange rates remain at current levels or lower, existing forecasts have considerable upside risk.
20 Oct 2016
AGM trading update
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AGM trading update
ME Group International plc (MEGP:LON) | 167 6.3 2.3% | Mkt Cap: 628.1m
- Published:
20 Oct 2016 -
Author:
Cavendish Research -
Pages:
8
While current trading is a beneficiary of Sterling weakness, near-term FX volatility prevents us from upgrading our FY forecasts at this stage. In the event, however, that Euro and Yen exchange rates remain at current levels or lower, existing forecasts have considerable upside risk.