The core strategy to build two complementary divisions and income streams looks well on track. A strong first half was driven by Legacy deals - announced in FY18, which obtained final approval in H1 - and a £16.0m boost from investment income (FY18: £5.0m). That is a reminder that Legacy transactions can be very profitable, but their timing unpredictable. We believe that makes recent rapid growth in Program Management especially important.
11 Sep 2019
Quality building rapidly
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Quality building rapidly
R&Q Insurance Holdings Ltd (RQIH:LON) | 5.4 0 0.0% | Mkt Cap: 20.3m
- Published:
11 Sep 2019 -
Author:
Roger Leboff -
Pages:
10
The core strategy to build two complementary divisions and income streams looks well on track. A strong first half was driven by Legacy deals - announced in FY18, which obtained final approval in H1 - and a £16.0m boost from investment income (FY18: £5.0m). That is a reminder that Legacy transactions can be very profitable, but their timing unpredictable. We believe that makes recent rapid growth in Program Management especially important.