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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »