Inspiration Healthcare has announced its trading update for the 12 months to Jan-19 (FY19). Revenues are expected to be £15.5m, c£0.7m below our previous estimate, despite this PBT of £1.2m is in-line with our forecasts. In our view these results reflect solid performance from Inspiration Healthcare in a European medical devices market dealing with significant changes to the regulatory environment resulting in approval delays and the downstream consequences to revenues of such. We maintain our B ....