Matchtech (LON:MTEC) - Good NFI growth in tougher market
Aug 02nd 2012 - Edison Investment Research today published a report on Matchtech (MTEC.L, LSE:MTEC, LON:MTEC) entitled "Good NFI Growth In Tougher Market". In summary, the report says:
Matchtech’s year-end trading update indicates 21% NFI growth for the period, broadly in line with market expectations, albeit at the low end of the range, reflecting slower permanent recruitment in Q4. We have trimmed our estimates very slightly: by 3% for FY12 and 1% for FY13. The group’s core strengths are in the most resilient parts of the market, where skill shortages persist and contractor numbers remain at record levels, while the diversification now generates meaningful returns. The shares trade broadly in line with the sector but carry a premium (and covered) yield.
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