Analyst Research Report Snapshot

Title:

REDHALL GROUP - STILL GROWING

Price:

$10.00

Provider:

Edison Investment Research

Date:

23 Feb 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

RHL.L

Available for Immediate Download
Summary:

The Redhall Group share price has fallen by more than 30% since last month’s trading update. The market reacted negatively to the cancellation of an oil & gas contract, which will reduce 2009 profits by up to 15%. However, negotiations are in train with the customer to mitigate the losses, while the remainder of the group business, in particular the Nuclear Services division, has started the year strongly and is trading ahead of budget. In the current economic and stock market climate, any negative newsflow is harshly penalised, but the medium-term outlook for the group remains positive with an upward revenue and earnings momentum. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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