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Davy Research

Mincon Group

Weighing the risks to 2024 post a significant forecast cut

Feb 6 2024, 07:20 GMT
Colin Sheridan CFA
Company Report
17 page(s)

Sectors : Industrial machinery

Companies : Mincon Group

Ratings and price correct at time of issue.

Mincon Group

Closing Price: 65.0c
RATING 14/02/14
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

FY23 results at Mincon will be slightly ahead of previous guidance. Our report weighs up the risks on FY24 and we examine some themes which provide comfort to our new estimates, which are materially below previous forecasts. We retain our ‘Outperform’ rating and reduce our price target to 90c.

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Feb 6 2024, 07:20 GMT