EG Solutions - Re: EGS Stream Log - finnCap published a note this...

finnCap published a note this morning: "Four months into FY 2017, a trading update has reaffirmed the management team’s FY earnings guidance - of £0.5m adj. PBT and 2.2p FD adj. EPs - but also flags up a more dramatic H2 weighting than seen last year, due to lengthy discussions ahead of the closure of some particularly large deals. While this naturally increases risk of slippage, we are reassured by management’s confidence in the positive progress on these deals and in delivering a strong H2 profit. It proved its ability to do so last year (FY 2016 swinging from an £0.3m H1 loss to a £0.4m profit in H2). At this relatively early stage, we acknowledge a concern but make no change in FY 2017 earnings forecasts and will review the situation once we have better visibility on the six months trading to July and the order book at the time of the Interims." taken from ResearchTree