We make small changes to our estimates for FY20/21e post the FY19 prelims in Oct to account for IFRS 16, increased working capital investment and guidance around H1/H2 split. We publish FY22e forecasts and also upgrade our PT from 100p to 120p, reiterating our Buy recommendation, highlighting the 32% bounce since Aug lows of 76p.
11 Nov 2019
Minor forecast changes; PT upgrade to 120p; reiterate Buy
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Minor forecast changes; PT upgrade to 120p; reiterate Buy
Kin and Carta Plc (KCT:LON) | 128 0.3 0.2% | Mkt Cap: 228.6m
- Published:
11 Nov 2019 -
Author:
Kunal Walia -
Pages:
8
We make small changes to our estimates for FY20/21e post the FY19 prelims in Oct to account for IFRS 16, increased working capital investment and guidance around H1/H2 split. We publish FY22e forecasts and also upgrade our PT from 100p to 120p, reiterating our Buy recommendation, highlighting the 32% bounce since Aug lows of 76p.