We believe the share price reaction following the November 17 update fully discounts revised earnings estimates thus providing scope for a meaningful share price recovery as the group generates cash and delivers to FY18 forecasts. With good performances evident both in the UK and many of the group’s international markets, we revert to a Buy stance.
24 Jan 2018
Trading update
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Trading update
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
24 Jan 2018 -
Author:
Ben Thefaut -
Pages:
3
We believe the share price reaction following the November 17 update fully discounts revised earnings estimates thus providing scope for a meaningful share price recovery as the group generates cash and delivers to FY18 forecasts. With good performances evident both in the UK and many of the group’s international markets, we revert to a Buy stance.