Report
Hardman & Co

2015 Trading Update – Behind The Fog

To All Recipients – we would like to apologise for the problems with the transmission of this report today which were caused by a technical fault in the information system within our distribution platform. 2015 has been a tough year with harsh climatic conditions and depressed commodity prices. We are forecasting a small and reduced profit for the year as a consequence and cash flow has been impacted negatively. The company has responded by introducing a net new $19.3m of funding being a mixture of equity and debt capital. But behind the fog of difficult business conditions, operating efficiencies can be seen to be rising and the electricity supply operations have begun to generate first year revenues. This is a significant development and we do not think that it has been adequately reflected in the valuation.

29/01/2016 32 EN
Underlying
R.E.A. HOLDINGS PLC
R.E.A. HOLDINGS PLC

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United Kingdom
Provider
Hardman & Co
Hardman & Co

We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.

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