We revise our outlook following continued downward momentum in earnings beyond Management’s expectations. We believe there is further downside risk to forecasts given: competitive pressures in the core PI model; entrance into a competitive market with limited track record; and further property market weakness. Given these headwinds there is limited earnings visibility on a 12-24 month view.
21 Jan 2019
Research Comment
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Research Comment
NAHL Group Plc (NAH:LON) | 61.5 0 0.0% | Mkt Cap: 28.8m
- Published:
21 Jan 2019 -
Author:
Michael White -
Pages:
12
We revise our outlook following continued downward momentum in earnings beyond Management’s expectations. We believe there is further downside risk to forecasts given: competitive pressures in the core PI model; entrance into a competitive market with limited track record; and further property market weakness. Given these headwinds there is limited earnings visibility on a 12-24 month view.