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31 May 2016
Appointment of new CFO
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Appointment of new CFO
Aferian plc (AFRN:LON) | 1.8 0 0.0% | Mkt Cap: 1.95m
- Published:
31 May 2016 -
Author:
Singer CM Team -
Pages:
3 -
Amino has appointed Mark Carlisle as Chief Financial Officer. Mark joins the group from Crossrider Plc, where he is currently CFO, and has previous experience as CFO of Ffastfill Plc and Financial Controller at Kewill Group Plc. Julian Sanders will continue as interim CFO until Mark joins the group on 22nd August. We see the appointment of a full time CFO as a positive as Amino looks to put the disappointment of 2015 behind it. Post the recent acquisitions of Entone and Booxmedia, the group has a coherent strategy in place to succeed in the evolving IPTV/OTT market. The shares look attractive trading on just 5.3x FY’16 EV/EBITDA and yielding 6.0%. Buy.