7digital has announced seven new contract wins with a lifetime value of over £3.9m so far this year and news last week that its largest competitor, Omnifone, has been put into administration could lead to additional market share opportunities. On a FY17e consensus P/E of 8.2x, we believe the shares do not reflect the large and growing market opportunity.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Winning business
- Published:
09 May 2016 -
Author:
Bridie Barrett -
Pages:
2
7digital has announced seven new contract wins with a lifetime value of over £3.9m so far this year and news last week that its largest competitor, Omnifone, has been put into administration could lead to additional market share opportunities. On a FY17e consensus P/E of 8.2x, we believe the shares do not reflect the large and growing market opportunity.