An update for 10m to 31 Dec 2018 shows Shipbroking is trading ahead of expectations. Financial has continued to perform in line with expectations on acquisition, although one promising sale mandate did not proceed reducing operating profit by £1.5m. Technical continued to face tough markets, especially in Q4. While costs have been reduced, the results are now expected to be £1m below expectations. We have reduced our group FY2019E PBT forecast 29% to £6.7m and our DPS foreca
25 Jan 2019
Poor Q4 in Technical, FY19 PBT forecast reduced
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Poor Q4 in Technical, FY19 PBT forecast reduced
Braemar PLC (BMS:LON) | 276 0 0.0% | Mkt Cap: 90.7m
- Published:
25 Jan 2019 -
Author:
Peter Ashworth -
Pages:
2
An update for 10m to 31 Dec 2018 shows Shipbroking is trading ahead of expectations. Financial has continued to perform in line with expectations on acquisition, although one promising sale mandate did not proceed reducing operating profit by £1.5m. Technical continued to face tough markets, especially in Q4. While costs have been reduced, the results are now expected to be £1m below expectations. We have reduced our group FY2019E PBT forecast 29% to £6.7m and our DPS foreca