Funds from the recent IPO will be used to drive investment into the business, which we believe will support accelerating double-digit earnings growth and a progressive dividend. The investment case is underpinned by a strong and well-established business model with an experienced management team. As the market becomes more comfortable with this unique credit hire/litigation hybrid, we believe the stock will re-rate to our target price of 165p.
06 Aug 2018
Initiation of coverage – accelerating growth!
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Initiation of coverage – accelerating growth!
Anexo Group Plc (ANX:LON) | 64.5 -0.3 (-0.8%) | Mkt Cap: 76.1m
- Published:
06 Aug 2018 -
Author:
Ben Thefaut -
Pages:
66
Funds from the recent IPO will be used to drive investment into the business, which we believe will support accelerating double-digit earnings growth and a progressive dividend. The investment case is underpinned by a strong and well-established business model with an experienced management team. As the market becomes more comfortable with this unique credit hire/litigation hybrid, we believe the stock will re-rate to our target price of 165p.