Nasstar* (NASA): Trading update (CORP)
Nasstar's trading update for the interim period to June 2017 reveals performance in line with unchanged expectations, with net debt of £1.0m in line with full-year forecast of break even net debt/net cash. The strategic initiatives described at prelims are progressing well, including Nasstar 10-19, delivering the opportunity for both cost savings and revenue growth to lift EBITDA margins to 25% by end FY19. Target 13p reit