Amino’s trading update for the six months ending May 2019 confirms that the group is currently on track to deliver its expectations for FY 19E. The business is traditionally seasonally-weighted towards the second half, so with H1 19 revenues of approximately $35m and a closing net cash position of $19.3m, we believe our FY 19E forecasts of $70.7m and $23.6m respectively to be achievable. We leave estimates unchanged following the release, but believe the commercial progress delivered du
06 Jun 2019
FY 19E on track
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FY 19E on track
Aferian plc (AFRN:LON) | 12.5 0 0.0% | Mkt Cap: 13.9m
- Published:
06 Jun 2019 -
Author:
Blaine Tatum -
Pages:
3
Amino’s trading update for the six months ending May 2019 confirms that the group is currently on track to deliver its expectations for FY 19E. The business is traditionally seasonally-weighted towards the second half, so with H1 19 revenues of approximately $35m and a closing net cash position of $19.3m, we believe our FY 19E forecasts of $70.7m and $23.6m respectively to be achievable. We leave estimates unchanged following the release, but believe the commercial progress delivered du