The social housing safety compliance and energy services group has delivered a 21% rise in adj. PBT to £6.6m beating our £6.4m estimate. The outlook statement showed the year started “ahead of expectations”. We have raised FY 2019 and 2020 estimates by £0.5m and £0.2m respectively. The group took a balanced view on the dividend, proposing a 0.25p against our 0.7p. With the Construction and Property Services divisions disposed, it is underpinned by regulator
22 Jan 2019
‘Transformational’ year ends with small ‘beat’
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‘Transformational’ year ends with small ‘beat’
- Published:
22 Jan 2019 -
Author:
Alastair Stewart -
Pages:
7
The social housing safety compliance and energy services group has delivered a 21% rise in adj. PBT to £6.6m beating our £6.4m estimate. The outlook statement showed the year started “ahead of expectations”. We have raised FY 2019 and 2020 estimates by £0.5m and £0.2m respectively. The group took a balanced view on the dividend, proposing a 0.25p against our 0.7p. With the Construction and Property Services divisions disposed, it is underpinned by regulator