Brady (LON:BRY) - Maintaining the momentum
Mar 11th 2013 - Edison Investment Research today published a report on Brady (BRY.L, LSE:BRY, LON:BRY) entitled "Maintaining The Momentum". In summary, the report says:
FY12 was a very busy year for Brady, with two significant acquisitions in the period and a 43% jump in the number of new significant licences. The group now has a broader solutions set, which encapsulates most areas of the commodities markets, and a stronger foothold in the important North American market. FY12 revenues grew by 47% as expected, benefiting from a firm pricing environment, with the average deal size up 75% on the previous year. In our view, the stock continues to look attractive on our maintained forecasts, given the strong industry growth drivers and the ongoing M&A interest in the financial software space.
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 »
