Hardman & Co Research Hardman & Co Research: Neodecortech (NDT): Upgrade following strong trading 05-Jan-2021 / 12:50 GMT/BST Hardman & Co Research: Upgrade following strong trading Neodecortech (NDT) announced that the strong trading in 3Q had continued into 4Q and it expected to significantly outperform its baseline projection from the summer. We have upgraded our forecasts and central valuation estimate to reflect this news. The trading has been driven by a focus on home furnishings and new products. Net debt will have risen slightly for FY'20 but the company remains in a strong financial position, in our view. Please click on the link below for the full report: https://www.hardmanandco.com/research/corporate-research/upgrade-following-str ong-trading/ [1] If you are interested in meeting the company, you can register your interest by clicking on the above link To contact us: Contact: Hardman & Co Jason Streets js@hardmanandco.com 1 Frederick's Place London +44 20 3692 7075 EC2R 8AE www.hardmanandco.com Follow us on Twitter @HardmanandCo Hardman & Co Research can still be accessed for free after MiFID II. Please click here [2] to read the statement. About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 1158563 05-Jan-2021 1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e37352898f78dc308695a913092a31b5&application_id=1158563&site_id=vwd&application_name=news 2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=1158563&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 05, 2021 07:50 ET (12:50 GMT)