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Synnovia PLC

Plastics Capital - Capital Network: Trading Update – Some Encouraging Signs

Plastics Capital (PLA.LON) has published a trading update for the financial year ended March 2017, ahead of full results expected at the start of July. We believe the statement confirms that company will report solid earnings growth y/o/y and strong progress in the overall business plan.

Executive summary

On our Mar2018e forecast, the shares now trade on 9.8x P/E (April 28th closing price). Allowing for the 2019/2020 FX tailwind, and the accelerating organic revenue growth, one could reasonably argue for a 12x multiple as FY 2018e proceeds. This would imply a share price of 150p, 23% upside from the last closing price.

Quick facts: Synnovia PLC

Price: £0.87

Market: LSE
Market Cap: £33.93 m
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Plastics Capital seeing the results of its pivot towards growth-oriented...

Capital Network analyst Ed Stacey discusses Plastics Capital Plc's (LON:PLA) first half results to September 2018. Revenue rose 11.4% to £40.63mln from £36.46mln while underlying earnings (EBITDA) rose 42.8% to £3.67mln from £2.57mln. Stacey says the results reinforce his confidence...

on 12/03/2018

2 min read