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Real-Time news about Lincat Group (London Stock Exchange): 0 recent articles
|albcamus: Pretty good interims with the dividend held despite tough trading. Sales recovery in Q2 should hopefully get the share price moving today.|
The article looks at both technical and fundamentals( as they do with all their
recommendations). Technically, it points out : "This is a spectacular chart breakout pointing to a huge rise ahead. After trading sideways for more than a decade the share price has exploded higher. Any pull back is likely to be short lived. Eventually the shares could treble, quadruple or even quintuple from here."
In part of its assessment of the company it says:
" ...A hint of the potential for rerating comes from the valuation of larger kitchen equipment rival,Aga Foodservice, which is valued on a PE ratio in the mid to high teens against around 11 times prospectively for Lincat.
A boost for the group could come if pubs and hotels start spending more on
their kitchens. This is very possible given the better times being enjoyed
by these sectors and the consolidation that has been taking place in the pub business. Strong cash generation by these businesses could easily lead to stepped up investment, specially given continuing pressure from health and safety regulations. New smart equipment, like programmable combination ovens is also enabling kitchens to operate with fewer and less highly qualified staff cutting costs.
New products have been a key driver in the latest good performance by Lincat.
Each of the group's main divisions, Lincat, IMC and more recently acquired Britannia, have benefited from new product launches making management confident of further growth ahead.
The group also reports a first time ever first half profit from the Mercury domestic range cooker business after 40% year on year sales growth."|
|rafieh: The latest issue of Chart Breakout has recommended this as a BUY, saying that the share price eventually could treble, quadraple or even quintuple from here!
Over the last five years I can't remember them saying such a thing about any other shares.|
Lincat Group share price data is direct from the London Stock Exchange