Analyst Research Report Snapshot

Title:

MATCHTECH GROUP - ATTRACTIVE YIELD

Price:

$10.00

Provider:

Edison Investment Research

Date:

06 Aug 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MTEC.L

Available for Immediate Download
Summary:

There were some encouraging statements for investors within this morning’s trading statement – a clear signal that management is looking to maintain the dividend, making the current yield of 12.6% extremely attractive. While sceptics are likely to point to a difficult trading environment, we would draw attention to its strong cash generation, with net debt continuing to fall, and actions to cut the cost base, reducing headcount by c 20% without taking exceptional charges as many of Matchtech’s peers have. Both these factors suggest that on balance the stock remains attractive on both a yield and valuation basis. FOR MORE INFORMATION ON THE ATTACHED RESEARCH PLEASE CALL 020 3077 5700 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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