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Share Name Share Symbol Market Type Share ISIN Share Description
4imprint Group Plc LSE:FOUR London Ordinary Share GB0006640972 ORD 38 6/13P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  35.00 1.65% 2,160.00 2,135.00 2,140.00 2,190.00 2,135.00 2,190.00 14,189 15:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 658.1 41.3 116.5 18.5 604

Edison Investment Research Limited: Edison issues outlook on 4imprint Group (FOUR)

11/09/2020 10:23am

UK Regulatory (RNS & others)


 
 Edison Investment Research Limited 
Edison Investment Research Limited: Edison issues outlook on 4imprint Group 
(FOUR) 
 
11-Sep-2020 / 10:23 GMT/BST 
 
                                               London, UK, 11 September 2020 
 
               Edison issues outlook on 4imprint Group (FOUR) 
 
4imprint's first half trading was heavily affected by the commercial 
repercussions of the COVID-19 pandemic as it spread across the US. With 
uncertainty over the speed and extent of the reopening of the US economy, 
projections for the remainder of the year (and for FY21) are more tentative 
than usual. Despite the difficult trading circumstances, 4imprint retains a 
strong, cash positive balance sheet, and has low fixed costs and capital 
requirements. We believe that it retains its long-term attractions in a 
large, fragmented market and should rebuild quickly as the economy recovers. 
 
With so much uncertainty regarding how and at what speed the US economy will 
continue to recover our earnings forecasts are tentative and valuation 
judgements based on them are subjective. 4imprint has a market-leading 
position, a low fixed cost base and limited capital requirements, attractive 
cash flow characteristics and a cash positive balance sheet, all of which 
justify its premium rating. 4imprint trades on an FY19 EV/EBITDA of 12.0x, 
compared to marketing services stocks on 7.2x 
 
Click here [1] to view the full report. 
 
Subscribe [2]to Edison's content to receive reports by email. 
 
All reports published by Edison are free-to-access and available on the 
website [3]. 
 
About Edison: Edison is an investment research and advisory company, with 
offices in North America, Europe, the Middle East and AsiaPac. The heart of 
Edison is our world-renowned equity research platform and deep multi-sector 
expertise. At Edison Investment Research, our research is widely read by 
international investors, advisers and stakeholders. Edison Advisors 
leverages our core research platform to provide differentiated services 
including investor relations and strategic consulting. 
 
Edison is authorised and regulated by the Financial Conduct Authority [4]. 
 
Edison is not an adviser or broker-dealer and does not provide investment 
advice. Edison's reports are not solicitations to buy or sell any 
securities. 
 
For more information please contact Edison: 
 
Fiona Orford-Williams, +44 (0)20 3077 5739 
 
media@edisongroup.com [5] 
 
Learn more at www.edisongroup.com [6] and connect with Edison on: 
 
LinkedIn https://www.linkedin.com/company/edison-group- [7] 
 
Twitter www.twitter.com/Edison_Inv_Res [8] 
 
YouTube www.youtube.com/edisonitv [9] 
 
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
End of Announcement - EQS News Service 
 
1130463 11-Sep-2020 
 
 
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5: mailto:media@edisongroup.com?subject=Re:%20Palace%20capital 
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(END) Dow Jones Newswires

September 11, 2020 05:23 ET (09:23 GMT)

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