11 Aug 2015
Full year trading update on track
The company has confirmed it expects to meet market expectations for the full year. Encouragingly the performances of the divisions are in line with our forecasts and cash generation is also in line with our estimate. With trading on track and business wins being made we leave our FY16 estimates unchanged. The strategic development of the group is running too plan and we expect the continued expansion in marketing services to continue. Looking forward to FY16e the stock trades on just 6.5x EV/EB ....
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Full year trading update on track
Kin and Carta Plc (KCT:LON) | 129 0.3 0.2% | Mkt Cap: 230.2m
- Published:
11 Aug 2015 -
Author:
Johnathan Barrett -
Pages:
3
The company has confirmed it expects to meet market expectations for the full year. Encouragingly the performances of the divisions are in line with our forecasts and cash generation is also in line with our estimate. With trading on track and business wins being made we leave our FY16 estimates unchanged. The strategic development of the group is running too plan and we expect the continued expansion in marketing services to continue. Looking forward to FY16e the stock trades on just 6.5x EV/EB ....