Medcom Tech - Constraints being lifted
Jun 13th 2012 - Edison Investment Research today published a report on medcom tech entitled "Constraints Being Lifted". In summary, the report says:
Medcom Tech’s growth is set to accelerate over the next two years, as working capital constraints are lifted. Invoices worth c €2.0m have already been settled by the Spanish government and a further €4.5m should be received by the end of July. Working capital management has also improved, so growth should not be restricted in this manner again. Profits are expected to increase rapidly as the sales growth does not require a major expansion of personnel. Our valuation has increased from €39.5m to €51.9m.
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