Amino’s FY’15 year end trading update was reassuring, with swift action taken to address the causes of October’s profit warning. We are satisfied that the warning was due to poor sales execution rather than structural market issues or any fault in the strategic rationale for the Entone acquisition. With the sales team now restructured, and Entone fully integrated, we believe the group can deliver good organic growth in FY’16, albeit from a lower base. We reinstated forecasts yesterday showing c. ....
04 Dec 2015
Starting to rebuild - Buy
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Starting to rebuild - Buy
Aferian plc (AFRN:LON) | 7.8 0 (-3.1%) | Mkt Cap: 8.62m
- Published:
04 Dec 2015 -
Author:
N+1 Singer Team -
Pages:
5
Amino’s FY’15 year end trading update was reassuring, with swift action taken to address the causes of October’s profit warning. We are satisfied that the warning was due to poor sales execution rather than structural market issues or any fault in the strategic rationale for the Entone acquisition. With the sales team now restructured, and Entone fully integrated, we believe the group can deliver good organic growth in FY’16, albeit from a lower base. We reinstated forecasts yesterday showing c. ....