Findel is on target to meet FY17 profit expectations, so we leave our estimates unchanged. However, we are encouraged by Express’s strong momentum and Education’s improved performance in Q2. Our SOTP valuation remains unchanged at 240p. The potential in Express and the option on consolidation opportunities in Education appear undervalued.
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Positive momentum
- Published:
13 Oct 2016 -
Author:
David Stoddart -
Pages:
2
Findel is on target to meet FY17 profit expectations, so we leave our estimates unchanged. However, we are encouraged by Express’s strong momentum and Education’s improved performance in Q2. Our SOTP valuation remains unchanged at 240p. The potential in Express and the option on consolidation opportunities in Education appear undervalued.