Vitec (LON:VTC) - Three market strategy
May 15th 2012 - Edison Investment Research today published a report on Vitec (VTC.L, LSE:VTC, LON:VTC) entitled "Three Market Strategy". In summary, the report says:
Vitec’s more focused approach to its key core markets delivered strong (24%) underlying PBT growth in FY11. Driven by a broadened portfolio across each of its divisions, robust sales growth should result in meaningful margin expansion and earnings growth. Despite this, Vitec shares are trading on undemanding multiples compared with those of its peers.
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 »
