Matchtech (LON:MTEC) - Right place, right time
Oct 17th 2012 - Edison Investment Research today published a report on Matchtech (MTEC.L, LSE:MTEC, LON:MTEC) entitled "Right Place, Right Time". In summary, the report says:
Matchtech’s experience of the current recruitment market differs markedly from that of the generalists. FY12 figures to end July showed strong growth in net fee income, +21%, a rate that, given the trading backdrop, we expect to moderate in FY13. The contractors Matchtech works with are highly qualified and often in short supply, making the group’s high quality service to both parties even more crucial. Its balance sheet is strengthening and it has a premium (covered) yield.
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