The Group has released yet another positive trading statement ahead of today’s AGM; Dec19 PBT is expected to be ahead of current market expectations. As such, we upgrade our forecasts for the fourth time since the June 2018 IPO. Fortunately for investors, there remains an opportunity to gain exposure to a +30% margin business growing at +20% per year at a price that is wrong, in our view (11.0x FY19 P/E). We re-iterate our Buy rating.
12 Jun 2019
Wrong again! 4th upgrade in 12 months, 80% upside
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Wrong again! 4th upgrade in 12 months, 80% upside
Anexo Group Plc (ANX:LON) | 65.0 0 0.0% | Mkt Cap: 76.7m
- Published:
12 Jun 2019 -
Author:
Michael White -
Pages:
2
The Group has released yet another positive trading statement ahead of today’s AGM; Dec19 PBT is expected to be ahead of current market expectations. As such, we upgrade our forecasts for the fourth time since the June 2018 IPO. Fortunately for investors, there remains an opportunity to gain exposure to a +30% margin business growing at +20% per year at a price that is wrong, in our view (11.0x FY19 P/E). We re-iterate our Buy rating.