Analyst Research Report Snapshot

Title:

On track for solid FY13

Price:

$100.00

Provider:

Equity Development

Date:

24 Oct 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

MLIN.L

Available for Immediate Download
Summary:

This morning Molins updated the market on trading from 1st July to 23rd October. Order intake and sales for the period were broadly as predicted, and YTD both were said to be ahead of 2012 levels. Molins offers investors an attractive mix of predictable earnings, an inflation beating dividend yield and future growth. What's more the stock trades on a FY13 P/E ratio of 8.5, which is less than half the sector average of c. 19x.

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