With PBT at the interims increasing by a factor of 6x to £1.1m and with the guidance for the full year that PBT will be ‘substantially ahead of current market expectations’ we are upgrading our adj. PBT, dividend and net cash forecasts for the period 2018-2020. We also increase our price target from 55p to 80p and reiterate our buy recommendation.
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Substantially ahead of expectations
- Published:
18 Sep 2018 -
Author:
Andy Smith -
Pages:
4
With PBT at the interims increasing by a factor of 6x to £1.1m and with the guidance for the full year that PBT will be ‘substantially ahead of current market expectations’ we are upgrading our adj. PBT, dividend and net cash forecasts for the period 2018-2020. We also increase our price target from 55p to 80p and reiterate our buy recommendation.