News of a further contract win in Norway is evidence that EU Supply (EUSP) continues to have positive sales momentum, in our view. While the contract is likely to be relatively small (worth up to £150k in total) it will help the business achieve sustainable profitability. We have highlighted previously that our sales forecasts do not include the securing of any “game changer” contracts which remain in the pipeline. With no change to our 25p DCF-derived TP we view the recent
16 Nov 2017
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EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
16 Nov 2017 -
Author:
Robert Sanders -
Pages:
2
News of a further contract win in Norway is evidence that EU Supply (EUSP) continues to have positive sales momentum, in our view. While the contract is likely to be relatively small (worth up to £150k in total) it will help the business achieve sustainable profitability. We have highlighted previously that our sales forecasts do not include the securing of any “game changer” contracts which remain in the pipeline. With no change to our 25p DCF-derived TP we view the recent