Acal (LON:ACL) - Positive momentum continues
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.
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