Gordon Dadds this morning released an RNS Reach announcing the rebranding of its trading practices, effective immediately. The rebrand follows the successful merger of Ince & Co LLP and Gordon Dadds LLP on 31 December 2017, and demonstrates integration is going well. We highlight recent momentum in the shares (up 14% over May), yet believe they are still materially undervalued at just 7.4x FY20 P/E and reiterate our BUY recommendation.
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Rebranding continues momentum
- Published:
31 May 2019 -
Author:
James Bayliss -
Pages:
2
Gordon Dadds this morning released an RNS Reach announcing the rebranding of its trading practices, effective immediately. The rebrand follows the successful merger of Ince & Co LLP and Gordon Dadds LLP on 31 December 2017, and demonstrates integration is going well. We highlight recent momentum in the shares (up 14% over May), yet believe they are still materially undervalued at just 7.4x FY20 P/E and reiterate our BUY recommendation.