Following yesterday's trading update we have revised our forecasts for FY 2016 and FY 2017. We project the current financial year will be breakeven or better (at the adjusted PBT level) and the company will end the year with £1.4m of net cash on the balance sheet. There are several key items that we believe will return LiDCO to a growth trajectory; however the timing of them is out of LiDCO’s control. Based on our revised FY 2017 estimates, we have reduced our price target to 13p
03 Sep 2015
Post-trading update forecast revisions
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Post-trading update forecast revisions
- Published:
03 Sep 2015 -
Author:
Cavendish Research - Pages:
Following yesterday's trading update we have revised our forecasts for FY 2016 and FY 2017. We project the current financial year will be breakeven or better (at the adjusted PBT level) and the company will end the year with £1.4m of net cash on the balance sheet. There are several key items that we believe will return LiDCO to a growth trajectory; however the timing of them is out of LiDCO’s control. Based on our revised FY 2017 estimates, we have reduced our price target to 13p