RE: From investors chronical top100 aim share reviews25 Oct 2024 08:27
😂 investors chronicle. Author should have read the full Peel Hunt note. Who would recommend sell when PH suggest 100%+ upside in 12 months. Quality journalism.
“ Today, Peel Hunt analyst Oliver Tipping confirmed that view: “Greater demand for low-priced ‘basic’ DMS and the delay in getting its Gen 3 aftermarket product ready to ship, mean FY24 margins are lower than expected. Underlying progress remains solid, today’s acquisition further differentiates its expertise, and the EU regulations mandating more advanced DMS (at a higher ASP) in 2026 keep us bullish on the medium term prospects. We revise our numbers based on this shift to the right and lower our 12-month TP from 12p to 9p, but retain our Buy rating.”