Gordon Dadds' final results for the year to March 2018 beat our forecasts and those of the market. Given the pace of growth, and the phasing of acquisitions which supported it, the potential for further gains stands out. It has been able to translate a near 26% gain in revenue into strong improvements in earnings, culminating in a debut dividend ahead of our estimates and a strong net cash position. Tellingly, Gordon Dadds is signalling “significant further growth” from acquisitions and, critica ....
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Gordon Dadds Update - Much more to come
- Published:
03 Jul 2018 -
Author:
Capital Access Team -
Pages:
6
Gordon Dadds' final results for the year to March 2018 beat our forecasts and those of the market. Given the pace of growth, and the phasing of acquisitions which supported it, the potential for further gains stands out. It has been able to translate a near 26% gain in revenue into strong improvements in earnings, culminating in a debut dividend ahead of our estimates and a strong net cash position. Tellingly, Gordon Dadds is signalling “significant further growth” from acquisitions and, critica ....