Edison issue update note
Edison issue update note on Medserv plc
OCTG inspection repair and storage - Medserv Energy
tubular services - Medserv Energy
Further to Medserv’s publication of the financial results 2017, Edison Investment Research has issued an updated investor report.
 
Medserv: Internationalisation underpins growth
Medserv’s strategy to expand its geographic reach and range of services is bearing fruit. FY17 was affected by lower than expected demand and project delays, but Q118 results show strong progress and the order backlog underpins future revenue performance. A change of management and key shareholders at an early stage to source a strategic purchaser have also been announced. We reduce our FY18 estimates on the lower run rate out of FY17 and introduce FY19 estimates.  
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