As indicated in its recent trading statement Collagen Solutions revenues for FY18A were below FY17A. While this is clearly a disappointing result we believe it masks a number of positive underlying trends which point to an improving performance in future years. Four customer issues affected FY18A revenues; offsetting these to some extent was a >200% increase in Development revenues which in conjunction with 16 new customers secured, points to improving future performance. We re-instate our Buy r ....
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Cenkos: Collagen Solutions Plc - Positive leading indicators
- Published:
10 Jul 2018 -
Author:
Chris Donnellan -
Pages:
13
As indicated in its recent trading statement Collagen Solutions revenues for FY18A were below FY17A. While this is clearly a disappointing result we believe it masks a number of positive underlying trends which point to an improving performance in future years. Four customer issues affected FY18A revenues; offsetting these to some extent was a >200% increase in Development revenues which in conjunction with 16 new customers secured, points to improving future performance. We re-instate our Buy r ....