Aspermont - Investment in growth

Friday, Oct 05 2012 by

Oct 05th 2012 - Edison Investment Research today published a report on Aspermont entitled "Investment In Growth". In summary, the report says:

The FY12 results were strong, as expected, with EBITDA up 80%, broadly in line with expectations. FY13 is a demanding one: events will be much enlarged by the Beacon deal, but early benefits will be modest due to start up costs. Heavy new product investment will squeeze events and online margins; our EPS (normalised) estimate is cut by 58%. But the investment and the Beacon deal should produce a strong profit rebound in FY14. Short term we estimate the shares have c 20% upside, with potential for further rerating when investment pays off.

About Edison Investment Research

Edison Investment Research

Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity.  We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington.  Edison is authorised and regulated by the Financial Conduct Authority ( more »


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