ANALYST VIEWS: HOW BAD IS THIS LATEST WARNING FROM C&WW?
MORTEN SINGLETON | INVESTEC
This has never been a story about near-term financials… which is just as well really. While the market reaction should be understandably negative this morning, we believe the potential remains for a doubling of value as a more radical approach is taken to the business.
JONATHAN JACKSON | KILLIK & CO
Sales orders, which contribute to margin growth later in the year, have been slower than expected. Combined with increased planned investment, this is expected to lead to Ebitda for the current year being five to 10 per cent below expectations. We reiterate our preference for Vodafone as a source of yield.
JUSTIN URQUHART STEWART | SEVEN INVESTMENT
This is a not-very-pretty picture getting even less pretty. This is a business that is faltering in terms of strategy. Investors don’t know where it is going next and this worries them. I don’t see evidence that the management has a handle on costs.