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Eckoh (LON:ECK) - Investing for growth

Monday, Apr 23 2012 by

Apr 23rd 2012 - Edison Investment Research today published a report on Eckoh (ECK.L, LSE:ECK, LON:ECK) entitled "Investing For Growth". In summary, the report says:

Eckoh expects to report in line FY12 results. The company continues to invest to drive revenue growth and we reduce our FY13 EPS forecast by 10% to reflect slightly higher expenditure. Eckoh has also expanded its customer base with its first local authority contract, won in conjunction with new reselling partner Azzurri. On an ex-cash basis, Eckoh trades at a discount to the market.




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Edison Investment Research

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »