Thu, 25 Apr 2024
07:52:02
BUY AEL:
02 Sep 2013
02:20:18
NDB Stockbrokers says to BUY AEL
Sep 02, 2013 (SLBO) - NDB Stockbrokers (NDBS) had recently recommended 'BUY' for Access Engineering PLC (AEL). Accordingly top line for FY12/13 grew by 90% on top of the 100% growth achieved in FY11/12.
Although NDBS expect the growth to slow down, the strong order book indicates that it will remain robust over the next three years. Its initiative to diversify its focus to water and wastewater management projects, which entail higher margins, would augur well for the company. Backed by its robust financial position, the counter offers significant upside potential.
Although NDBS expect the growth to slow down, the strong order book indicates that it will remain robust over the next three years. Its initiative to diversify its focus to water and wastewater management projects, which entail higher margins, would augur well for the company. Backed by its robust financial position, the counter offers significant upside potential.
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