Rotala has delivered a solid set of results for FY19A, which were largely in line with our forecasts (Adj EPS of 7.35p vs our 7.5p forecast). The importance of bus services have risen up the political agenda in recent months, and we expect the industry to attract increasing levels of government funding in the years ahead, which should support operators like Rotala. We reaffirm our Buy recommendation.


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Cenkos: Rotala Plc -- Improving political environment
- Published:
22 Apr 2020 -
Author:
Peter Renton -
Pages:
6 -
Rotala has delivered a solid set of results for FY19A, which were largely in line with our forecasts (Adj EPS of 7.35p vs our 7.5p forecast). The importance of bus services have risen up the political agenda in recent months, and we expect the industry to attract increasing levels of government funding in the years ahead, which should support operators like Rotala. We reaffirm our Buy recommendation.