CyanConnode’s H1’19 numbers this morning are in-line with its earlier pre-close trading update. While management flagged recent civil unrest in India which has created a short delay to contract awards and roll-out, it remains confident of new leads in other regions to help offset the potential shortfall in revenues. We retain our estimates for FY19E pending further updates. We retain our Buy rating and target price on a still-compelling risk-reward balance given the shares materia
04 Sep 2019
H1’19 inline; risk of delays in India mitigated in ROW
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H1’19 inline; risk of delays in India mitigated in ROW
CyanConnode Holdings plc (CYAN:LON) | 8.6 0 0.0% | Mkt Cap: 25.9m
- Published:
04 Sep 2019 -
Author:
Kartik Swaminathan -
Pages:
7
CyanConnode’s H1’19 numbers this morning are in-line with its earlier pre-close trading update. While management flagged recent civil unrest in India which has created a short delay to contract awards and roll-out, it remains confident of new leads in other regions to help offset the potential shortfall in revenues. We retain our estimates for FY19E pending further updates. We retain our Buy rating and target price on a still-compelling risk-reward balance given the shares materia