KCOM (LON:KCOM) - Outlook improving

Tuesday, Jul 20 2010 by

Jul 20th 2010 - Edison Investment Research today published a report on KCOM (KCOM.L, LSE:KCOM, LON:KCOM) entitled "Outlook Improving". In summary, the report says:

Despite consistent delivery on all fronts, KCOM has underperformed the UK market by over 10% during the past month. We do not feel this is justified. The company's 16 July trading statement and a recent meeting with senior management confirmed to us that group transformation remains on track while the foundations for future growth are also clearly being laid. A tax-adjusted fiscal 2011 P/E multiple of 7.2x also seems undemanding to us, supported by a healthy 4.5% dividend yield.




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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 »


 
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