FY17 results were broadly in line with year-end guidance. UK activity is increasing but, for now, we have reduced its expected contribution to our estimates. Organisational change under an updated strategy should improve the quality of earnings and, following Paul Hamer’s departure, a new management team is in place to execute this. Earnings growth prospects are somewhat greater than the current rating appears to suggest.
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Embracing change
WYG (WYG:LON) | 0 0 (-0.8%) | Mkt Cap: 26.3m
- Published:
28 Jun 2017 -
Author:
Toby Thorrington -
Pages:
7
FY17 results were broadly in line with year-end guidance. UK activity is increasing but, for now, we have reduced its expected contribution to our estimates. Organisational change under an updated strategy should improve the quality of earnings and, following Paul Hamer’s departure, a new management team is in place to execute this. Earnings growth prospects are somewhat greater than the current rating appears to suggest.