We have updated our forecasts following yesterday’s disappointing statement. Our FY15 PBT forecast reduces by 8% to £38.5m. We have reduced our SOTP valuation and target price to 384p and remain at Hold. It will be interesting to see if yesterday’s update draws a reaction from MNZS’ activist shareholders.
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Forecast downgrades
- Published:
25 Nov 2015 -
Author:
Jon Lienard -
Pages:
3
We have updated our forecasts following yesterday’s disappointing statement. Our FY15 PBT forecast reduces by 8% to £38.5m. We have reduced our SOTP valuation and target price to 384p and remain at Hold. It will be interesting to see if yesterday’s update draws a reaction from MNZS’ activist shareholders.