Crimson Tide has announced two new contract wins and a slew of other strategic updates this morning. In our view, this is further evidence of strategic and commercial momentum, supporting our aggressive revenue growth forecast for the year (+47% FY19E) and our thesis for a re-rating toward our 4.4p price target. We reiterate our Buy rating on Crimson Tide.
27 Jun 2019
Commercial momentum continues with new wins
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Commercial momentum continues with new wins
Crimson Tide Plc (TIDE:LON) | 160 0 0.0% | Mkt Cap: 10.5m
- Published:
27 Jun 2019 -
Author:
Kartik Swaminathan -
Pages:
5
Crimson Tide has announced two new contract wins and a slew of other strategic updates this morning. In our view, this is further evidence of strategic and commercial momentum, supporting our aggressive revenue growth forecast for the year (+47% FY19E) and our thesis for a re-rating toward our 4.4p price target. We reiterate our Buy rating on Crimson Tide.