The attractiveness of Aggregated Micro Power Holdings (AMPH) to investors is the valuation as it continues to create value in the form of off-balance sheet ‘deferred carry’ interest in the distributed energy sector. This value is not captured in our earnings forecast but is included in our target price of 145p which we have upgraded from 136p. We maintain our BUY recommendation with AMPH trading at a substantial discount to the price target.
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FY19 Trading update
The attractiveness of Aggregated Micro Power Holdings (AMPH) to investors is the valuation as it continues to create value in the form of off-balance sheet ‘deferred carry’ interest in the distributed energy sector. This value is not captured in our earnings forecast but is included in our target price of 145p which we have upgraded from 136p. We maintain our BUY recommendation with AMPH trading at a substantial discount to the price target.