ANSELL (ANN): Interim result in line with our estimates, reflecting organic growth and acquisitions benefits
ANSELL (ANN): Interim result in line with our estimates, reflecting organic growth and acquisitions benefits. Outlook: ANN reaffirmed FY15 guidance is for 118-126 US cps, or 7-15% EPS growth. Ansell noted the global economy remains mixed. We see improving conditions in the US, offset by weaker demand in Europe and Brazil, economic turmoil in Russia and uncertainty in Middle East and Africa. Today's share price reaction: Up 4% to $23.99 (10.15 am) Recommendation: Neutral rating likely to be retained. More detail here: (VIEW LINK)
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.