Analyst Research Report Snapshot

Title:

SPACEANDPEOPLE - WEAK TRADING UPDATE

Price:

$10.00

Provider:

Edison Investment Research

Date:

23 Apr 2014

Pages:

5

Type:

AcrobatPDF

Companies referenced:

SAL.L

Available for Immediate Download
Summary:

SpaceandPeople issued a trading update indicating that Q114 performance was below management expectations and that the outlook for the year was below both internal and external forecasts. Being a relatively high margin business model, lost revenues have a greater impact on earnings and pretax guidance is now around half the level at the time of March’s finals. The group, however, remains profitable and cash generative and the dividend, generating a premium yield, is well covered by the revised EPS.

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