Expected profitability in H1E will be consistent with the level delivered in the interim period last year, albeit at a substantially higher margin. Order flow had seen some disruption from COVID-19 in fiscal Q1E and into Q2E but the September cycle for RFPs and order wins has been encouraging. Our FY21E forecasts are unchanged, and with the stock at the bottom of its trading range, we maintain our buy recommendation.
22 Oct 2020
Cenkos: Shearwater Group Plc -- Cautious on Covid
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Cenkos: Shearwater Group Plc -- Cautious on Covid
Shearwater Group plc (SWG:LON) | 41.0 0 0.0% | Mkt Cap: 9.77m
- Published:
22 Oct 2020 -
Author:
Cavendish Research -
Pages:
5
Expected profitability in H1E will be consistent with the level delivered in the interim period last year, albeit at a substantially higher margin. Order flow had seen some disruption from COVID-19 in fiscal Q1E and into Q2E but the September cycle for RFPs and order wins has been encouraging. Our FY21E forecasts are unchanged, and with the stock at the bottom of its trading range, we maintain our buy recommendation.