On the back of today’s trading update we have reduced our group adj. PBT forecasts by £2m in each of the forecast years. This is to reflect the impact of the record pulp prices on James Cropper Paper, we have made no changes to our forecasts in either TFP or 3DP. We shall provide a more detailed analysis of the group at the time of the interims scheduled for November 2018. At this stage, we have assumed a flat dividend for each of the forecast years. We have reduced our DCF-derive
18 Sep 2018
Pulp prices impacting trading further
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Pulp prices impacting trading further
James Cropper plc (CRPR:LON) | 250 -25 (-3.8%) | Mkt Cap: 23.9m
- Published:
18 Sep 2018 -
Author:
Robert Sanders -
Pages:
2
On the back of today’s trading update we have reduced our group adj. PBT forecasts by £2m in each of the forecast years. This is to reflect the impact of the record pulp prices on James Cropper Paper, we have made no changes to our forecasts in either TFP or 3DP. We shall provide a more detailed analysis of the group at the time of the interims scheduled for November 2018. At this stage, we have assumed a flat dividend for each of the forecast years. We have reduced our DCF-derive