Bryan Garnier - COMPASS GROUP (CPG) COMPASS GROUP: Feedback CC: So many uncertainties | NEUTRAL | 1060p vs. 1900p (-5%)

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Bryan Garnier

Bruno de La Rochebrochard

COMPASS GROUP: Feedback CC: So many uncertainties | NEUTRAL | 1060p vs. 1900p (-5%)

COMPASS GROUP - NEUTRAL | 1060p vs. 1900p (-5%)
Feedback CC: So many uncertainties

H1 results reflecting the first effects of Covid 19
Drastic cost control measures to reduce cash burn
Substantial but much-needed cash
A surprise capital increase that raises questions
Our FV moves to 1,060p

20/05/2020 6 EN

Underlying

COMPASS GROUP

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Bruno de La Rochebrochard

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Bryan Garnier

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COMPASS GROUP: Feedback CC: So many uncertainties | NEUTRAL | 1060p vs. 1900p (-5%)

Dropping coverage

LIBERUM: Morning Comment

LIBERUM: Compass Group - Reaching recovery, small upgrades

ONWARD: from brainGPT to ARC-BCI – fireside chat with the founders

Avantium: joint-development progress in textiles

Egetis: Article highlights Emcitate's broad efficacy in MCT8 deficiency

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