Published on: December 5, 2017
Solid trading and share buybacks planned
Amino has released a positive update on trading for the year to 30th November 2017. Management disclosed that trading remained solid in the second half of FY17E, with adjusted pre-tax profit expected to be in line with market expectations and an “excellent” pipeline. In our view, the prospect of material share buybacks (announced on Friday) sends a positive signal on the outlook for profits and cash generation, and we leave earnings estimates unchanged.