We have left our full year adjusted PBT forecast for RedstoneConnect (Redstone), unchanged at £2.2m but have lowered our net cash forecast from £4.8m to £2.5m due to increased working capital commitments. As such, earnings will be second half weighted given Redstone reported adjusted PBT of £0.493m at the interims. Our confidence in the full year estimate is based upon the timing of profit recognition on long term contracts and the acceleration in contract wins since t
08 Nov 2017
Full year PBT** forecast of £2.2m unchanged
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Full year PBT** forecast of £2.2m unchanged
Smartspace Software Plc (SMRT:LON) | 90.0 1.8 2.3% | Mkt Cap: 26.0m
- Published:
08 Nov 2017 -
Author:
Andy Smith -
Pages:
4
We have left our full year adjusted PBT forecast for RedstoneConnect (Redstone), unchanged at £2.2m but have lowered our net cash forecast from £4.8m to £2.5m due to increased working capital commitments. As such, earnings will be second half weighted given Redstone reported adjusted PBT of £0.493m at the interims. Our confidence in the full year estimate is based upon the timing of profit recognition on long term contracts and the acceleration in contract wins since t