Daily Mail and General Trust - Re: DMGT Stream Log - Panmure Gordon & Co's note...

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11:45 27/05/2016

Panmure Gordon & Co's note on Daily Mail and General Trust is out this morning on Research Tree: "Interims were a touch more cautious than we had feared, and our estimates slip again (now 5-8% below the pre-H1 consensus). Near term the group still has several headwinds to work through, and we maintain a ... rating. Longer term, though, the group remains a collection of high quality businesses which should see a return to decent overall growth. Our Target Price (SOTP-driven) barely budges at ... despite factoring in a higher 15% 'NAV' discount (10% previously). At these levels we see good longer term value for patient..."

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