Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Institutional Comment: Daily comment

Update: Diversification and innovation

Medcom Tech is on target to achieve 19% reported sales growth in FY14 in the core orthopaedics business, supporting investment into its subsidiaries. An innovative video-monitored laryngeal mask – TotalTrack VLM – was launched in Europe in July by Medcom Flow and will be rolled out in the US in H214. Meanwhile, Medcom Advance is due to unveil an instantaneous virus detection tool in H115. These events could provide upside towards our indicative fair valuation of €103m.

Update: Foundations for an exciting future

Medcom Tech is developing the investment characteristics of an incubator company with high-potential subsidiaries. However, the strength of its core medical device business in Iberia is vital for the company to allow investments in its subsidiaries, Medcom Flow and Medcom Advance. In FY13, the core business maintained its strong double-digit growth, while improving margins and reducing working capital requirements. The shares have more than tripled in value since September 2013, and further upsi...