08 Jan 2019
Niche business with global reach
Murgitroyd is one of the largest firms of European Patent and Trade Mark Attorneys. It has an excellent track record of revenue growth since IPO and we expect this to continue over the forecast period. Brexit inevitably creates some uncertainty, not least over F/X (50% of sales US$ denominated) but this is a well managed business, which has invested in technology and systems to broaden its offering and global reach. In our view, recent share price weakness is significantly overdone.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Niche business with global reach
Murgitroyd Group (MUR:LON) | 0 0 1.0% | Mkt Cap: 59.2m
- Published:
08 Jan 2019 -
Author:
James Tetley -
Pages:
3
Murgitroyd is one of the largest firms of European Patent and Trade Mark Attorneys. It has an excellent track record of revenue growth since IPO and we expect this to continue over the forecast period. Brexit inevitably creates some uncertainty, not least over F/X (50% of sales US$ denominated) but this is a well managed business, which has invested in technology and systems to broaden its offering and global reach. In our view, recent share price weakness is significantly overdone.