Auto Trader Group - Re: AUTO Stream Log - Zeus Capital note out this...

Live Discuss Polls Ratings
View
Page
10:58 09/06/2016

Zeus Capital note out this morning on Research Tree: "Final results from Auto Trader contain few surprises and were marginally ahead of our forecasts on most measures. Cash conversion was better, net debt was lower, which will result in a rolling share buyback programme as anticipated. Ahead of the analyst meeting, we do not anticipate significant changes to our forecasts. Our view on the stock has not changed, and we continue to view BCA Marketplace as a better alternative to play the sector with genuine structural growth opportunities on a pan European basis."

Page