Following a trading update which highlighted trading conditions in the UK and Hong Kong (between them they account for c50% of net fees), have deteriorated, we have downgraded our 2019 and 2020 PBT forecasts from £3.6m and £3.9m respectively to £3.0m in each year. Our revised dividend forecast is now 1.6p in both 2019 and 2020 (originally 1.7p and 2.0p). This still represents dividend growth in 2019 of 7% as Hydrogen will retain a net cash position of over £5.5m. On th
18 Nov 2019
Headwinds lead to a downgrade
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Headwinds lead to a downgrade
- Published:
18 Nov 2019 -
Author:
Andy Smith -
Pages:
4
Following a trading update which highlighted trading conditions in the UK and Hong Kong (between them they account for c50% of net fees), have deteriorated, we have downgraded our 2019 and 2020 PBT forecasts from £3.6m and £3.9m respectively to £3.0m in each year. Our revised dividend forecast is now 1.6p in both 2019 and 2020 (originally 1.7p and 2.0p). This still represents dividend growth in 2019 of 7% as Hydrogen will retain a net cash position of over £5.5m. On th