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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...
Flash note: Development continues, funding announced
Following on from last week’s operational update, RM2 has announced H115 results and a conditional placing at 40p to raise up to £30m intended to fund the next stage of development. Manufacturing activity and the number of contracted customers continued to grow during the first half. We have withdrawn our estimates during the placing period.
Initiation: Risks reduced, potential raised
The year or so since RM2’s IPO has been spent establishing robust manufacturing and generating a pipeline of sales leads, some of which have been converted. The next phase of its development is to show that it can deliver and manage its initial substantive contracts. Success here will demonstrate the business model more fully and bring longer-term prospects into clearer focus. We expect RM2 to become EBITDA positive in FY16 and our illustrative DCF values the company at 370p.
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