Following the results last week we are reiterating our Buy and highlighting Wilmington as one of our Best Ideas portfolio. Recent FY15 results delivered good earnings growth (12.4%) with profits and dividends slightly ahead of our forecasts leading us to maintain revenue/profit estimates and lift our dividend forecasts. There was good cash conversion again (107%) highlighting the natural strength of the business. The strategy launched by management continues to deliver and we expect good progres ....

23 Sep 2015
Good results, strategy on track, still a Best Idea

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Good results, strategy on track, still a Best Idea
Wilmington plc (WIL:LON) | 350 -7 (-0.6%) | Mkt Cap: 313.5m
- Published:
23 Sep 2015 -
Author:
Singer CM Team -
Pages:
7 -
Following the results last week we are reiterating our Buy and highlighting Wilmington as one of our Best Ideas portfolio. Recent FY15 results delivered good earnings growth (12.4%) with profits and dividends slightly ahead of our forecasts leading us to maintain revenue/profit estimates and lift our dividend forecasts. There was good cash conversion again (107%) highlighting the natural strength of the business. The strategy launched by management continues to deliver and we expect good progres ....