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Stobart (LON:STOB) - Managing tough conditions

Tuesday, Dec 11 2012 by

Dec 11th 2012 - Edison Investment Research today published a report on Stobart (STOB.L, LSE:STOB, LON:STOB) entitled "Managing Tough Conditions". In summary, the report says:

Stobart’s interim results highlighted that despite difficult economic conditions, the core transport & distribution delivered a robust performance, while the pace of estates realisations have been impacted. The moves to improve efficiency and operational performance are beginning to come through and are likely to have a greater impact in H2, while strategic progress continues in air. While biomass has been a little slower than anticipated to ramp-up, we feel this shows an upward trend now the government’s renewable obligation certificate (ROC) banding review is complete. A clearer way forward, beneficial to Stobart’s long-term strategy, is now visible. While the short-term outlook for investors remains bumpy, we believe value should be delivered for longer-term investors over the four-year plan.




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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 »