Update: Maiden year confirms IPO promise
An impressive set of results for investors who bought into last July’s IPO is matched by management’s serious engagement with the fundamentals of a sustainable franchise. Real progress is being made across a range of strategic objectives, which we anticipate will strengthen franchise development going forward. In valuation terms the shares compare favourably with peers when the ungeared status is recognised, and the 5% yield is well supported by a cash productive model.
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, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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