Gamma has this morning published a 2019 trading update which provides strong evidence of two key trends – the UK business continues to take market share and deliver strong profits and cash, and the nascent expansion into Europe is faring well, with good growth and integration on track. Given that the metrics appear materially in line with our (and consensus) estimates, we make no changes to our forecasts, but note the positive commentary around performance relative to expectations.
15 Jan 2020
Expansion on track
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Expansion on track
Gamma Communications PLC (GAMA:LON) | 1,318 26.4 0.2% | Mkt Cap: 1,281m
- Published:
15 Jan 2020 -
Author:
Gareth Evans -
Pages:
3
Gamma has this morning published a 2019 trading update which provides strong evidence of two key trends – the UK business continues to take market share and deliver strong profits and cash, and the nascent expansion into Europe is faring well, with good growth and integration on track. Given that the metrics appear materially in line with our (and consensus) estimates, we make no changes to our forecasts, but note the positive commentary around performance relative to expectations.