A world leader in industrial inkjet technology.
20-Nov-2017 – 456.75p – £355.4m – PER 25.7
Trading Update For The 4 Months To End October 2017 – After expecting Revenue to be second half weighted, it now seems it will not be – More so, it will be in-line. Supply constraints are apparently the issue – Significant growth is expected in 2018.
This latest update is actually quite confusing and hard to get to the bottom off. That and the fact it’s highly rated, is enough to put me off here. Although if the “significant growth in 2018” is to be believed, any dip here may present a buying opportunity for the faithful.
21-Mar-2018 – 268p – £209.5m – PER 22.3
Results For The 12 Months To End December 2017 – Revenue up 4% in 2017 to £100.1m (2016: £96.2m) with Adjusted PBT £18.0m, down from £19.5m.
I don’t like the way these guys provide updates, hard for me to get to the bottom of them. That and the fact these results are uninspiring, I have no further interest here at present.