S&U’s update indicates trading has remained in line with management expectations but there are some slightly more cautious elements compared with our forecast assumptions at the time of the H120 results. As a result, we have modestly tempered our estimates for FY20/21. Even so, the shares trade prospective earnings multiples of below 9x while the yield is over 5%.
11 Dec 2019
S&U - Resilient amid softer sentiment and economy
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S&U - Resilient amid softer sentiment and economy
S&U plc (SUS:LON) | 1,835 734 2.2% | Mkt Cap: 223.0m
- Published:
11 Dec 2019 -
Author:
Andrew Mitchell -
Pages:
5
S&U’s update indicates trading has remained in line with management expectations but there are some slightly more cautious elements compared with our forecast assumptions at the time of the H120 results. As a result, we have modestly tempered our estimates for FY20/21. Even so, the shares trade prospective earnings multiples of below 9x while the yield is over 5%.