News that the exclusive contract with AAH has been extended for a further five years is excellent news, securing a substantial customer for the core Specials business and providing a strategically important route to market for all three of the Group’s divisions. We make no changes to our estimates at this stage. The shares haven been under pressure again recently and now trade on a 9.2x our Jan-17 EPS forecast, yielding 3.0%. Whilst we understand investors remain wary following the setback in th ....
