HML is in an attractive position to expand in the fragmented residential block management market as increased regulation encourages consolidation. The company’s cash-generative business model can support near double-digit revenue growth, which for 2017 would see our current revenue estimate exceeded, although this naturally relies on infill acquisition timing.
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Model intact; positive outlook for 2017
- Published:
16 Nov 2015 -
Author:
Cavendish Research - Pages:
HML is in an attractive position to expand in the fragmented residential block management market as increased regulation encourages consolidation. The company’s cash-generative business model can support near double-digit revenue growth, which for 2017 would see our current revenue estimate exceeded, although this naturally relies on infill acquisition timing.