Feb 04th 2013 - Edison Investment Research today published a report on Acal (ACL.L, LSE:ACL, LON:ACL) entitled "Positive Momentum Continues". In summary, the report says:
Acal’s order intake has improved through the course of H2 to date, supporting our forecast for sequential revenue growth in the Electronics business in H2 and into FY14. We have revised our estimates to reflect the recent disposal of the UK Parts business. This has no significant impact on earnings in FY13, but improves the company’s operating margins and net cash position. Management continues to focus on gaining market share, a key driver of upside to the share price.
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 »