Rosslyn’s acquisition of Integritie brings scale to the group, generates operational efficiencies, reduces balance sheet risk and delivers both positive earnings. Recurring revenues will largely recover the group’s operating costs and this substantially improves the quality of earnings. The valuation discount post acquisition is undeservedly wide and we are upgrading from Hold to Buy.
26 Apr 2017
Transformative acquisition
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Transformative acquisition
Rosslyn Data Technologies PLC (RDT:LON) | 9.8 0 0.0% | Mkt Cap: 1.72m
- Published:
26 Apr 2017 -
Author:
Cavendish Research -
Pages:
9
Rosslyn’s acquisition of Integritie brings scale to the group, generates operational efficiencies, reduces balance sheet risk and delivers both positive earnings. Recurring revenues will largely recover the group’s operating costs and this substantially improves the quality of earnings. The valuation discount post acquisition is undeservedly wide and we are upgrading from Hold to Buy.