Stabilising the Platform Edison Flash Note
Medserv - Stabilising the Platform. An Edison flash note by Andy Chambers
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Edison Flash Note by Andy Chambers
Medserv issued an interim report on 22 May that indicates a stabilisation of the outlook for the group. METS appears to be trading strongly and while the onshore base support activities are still depressed, these should progressively recover in the second half. The reaction to the challenged FY16 results and more tempered outlook, while unsurprising, leaves the shares looking increasingly attractive against our fair value estimate of €1.83. There is scope for this discount to reduce as trading improves in H217. A FY18 P/E of 13.0x does not appear overly demanding given the potential for continued recovery and growth thereafter.
You can see the full note here 
02 Jul 2018
Strategic partners showing interest in Medserv
A number of companies have showed interest in the two-thirds’ shareholding being offered by oil and gas company Medserv, starting off the pr... read more>

27 Jun 2018
Ħidma u koperazzjoni li qed tħalli l-frott
L-iżviluppi u l-investiment li qed tgħamel il-kumpanija Med Serv f’dak li għandhom x’jaqsmu ma’ servizzi lill-klijenti u taħriġ lill-ħaddiem... read more>

27 Jun 2018
Medserv announce award of a contract with a second Multinational for Shore Base Services in Cyprus
Medserv is pleased to announce that it has signed a second contract with a multinational oil and gas corporation to provide Shore Base Logis... read more>

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