Morses Club PLC Hardman Research: Opportunities abound
May 25 2017 - 8:10AM
RNS Non-Regulatory
TIDMMCL
Morses Club PLC
25 May 2017
Hardman Research: Opportunities abound
Opportunities abound - Having completed a major integration, and
a good FY17 management can focus on carefully controlled growth. In
the Home Collect (HCC) business, management reports the expected
increase in agents looking to join the group. MCL will be very
selective about new agents, but this is a material, if at present
unquantifiable, opportunity. Management is also using technology to
improve efficiency and distribution. In related areas, where MCL
has existing competitive advantages, new products are being
carefully rolled out. New relationships and partner agreements add
to the potential down the line. We see 32% valuation upside.
Please click here for the full report:
http://www.hardmanandco.com/docs/default-source/company-docs/morses-club-plc-documents/25.05.17-opportunities-abound.pdf
To contact us: Contacts:
Hardman & Co Mark Thomas
35 New Broad Street mt@hardmanandco.com
London Telephone: +44 20 7194 7622
EC2M 1NH Follow us on Twitter @HardmanandCo
www.hardmanandco.com
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