Tribal’s half-year trading update indicates the group is on track to meet current year expectations, albeit with a greater weighting to the second half. Levels of committed income give good visibility and the bid pipeline is substantial, with health and international opportunities the most fertile territory. High cash conversion is reducing debt levels and gives comfort on the premium yield. The shares are oversold.

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here