Following a period of reorganisation and refocusing, Quarto is well placed to drive long-term growth and we are encouraged by the progress evident in recent updates. We are bullish on the group’s prospects, believe foreign language sales and children’s publishing offer particular promise and like its low risk/cash generative publishing model. We forecast strong EPS growth and see scope for selective acquisitions. Our 327p TP suggests 60% total return upside potential. We therefore
23 Jul 2015
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The next chapter
- Published:
23 Jul 2015 -
Author:
Roddy Davidson -
Pages:
28
Following a period of reorganisation and refocusing, Quarto is well placed to drive long-term growth and we are encouraged by the progress evident in recent updates. We are bullish on the group’s prospects, believe foreign language sales and children’s publishing offer particular promise and like its low risk/cash generative publishing model. We forecast strong EPS growth and see scope for selective acquisitions. Our 327p TP suggests 60% total return upside potential. We therefore