Augean has given a brief update to accompany its AGM, confirming that trading in the year to date remains in line with management expectations. Our unchanged forecasts show an EPS CAGR of 17% over the next three years, reflecting good organic growth plus last month’s earnings enhancing acquisition of industrial services business, Colt. While the market responded positively to the deal, the shares remain on modest valuation multiples offering an attractive entry point for investment.
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AGM update in line; strong forecast growth and attractive valuation
- Published:
02 Jun 2016 -
Author:
Jo Reedman -
Pages:
3
Augean has given a brief update to accompany its AGM, confirming that trading in the year to date remains in line with management expectations. Our unchanged forecasts show an EPS CAGR of 17% over the next three years, reflecting good organic growth plus last month’s earnings enhancing acquisition of industrial services business, Colt. While the market responded positively to the deal, the shares remain on modest valuation multiples offering an attractive entry point for investment.