Hardman & Co issues research report

RNS Number : 6519R

Westminster Group PLC

30 June 2015

 

Hardman & Co issues research report on Westminster Group

Hardman & Co have today published a review of Westminster Group's Managed Services Division, which provides infrastructure security and related services, generally to developing markets. It identifies the scale of the opportunity for the group, which has a pipeline of a large multiple of its existing Managed Services business, and concludes that there are significant opportunities available to Westminster. The financial characteristics of the business are unusual in that they provide a very long term cash flow profile with limited incremental capital requirement. This could command an attractive valuation, subject to the specific risks of geography, politics and related issues in the contract portfolio. As the company begins to convert its substantial pipeline into incremental contract wins, there is scope for the market to change significantly its attitude to Westminster Group shares which could enjoy a rerating if the company is successful in achieving its ambitious objectives.

Please click here for the full report:

http://www.hardmanandco.com/sites/default/files/research_papers/Westminster%20Group%202015.pdf

To contact us:    Hardman & Co 11/12 Tokenhouse Yard  London EC2R 7AS

Contact: Steve Clapham [e-mail] Telephone: [phone] Follow us on Twitter @HardmanandCo

www.hardmanandco.com

About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 

END

 

 

NRAPKKDPCBKKFAN